SHORE BANCSHARES INC company info

CIK 1035092
IRS Number 521974638
State of incorporation MD
Business address 18 EAST DOVER STREET
None
EASTON
MD
21601-3013
Mail address 18 EAST DOVER STREET
None
EASTON
MD
21601-3013

Short summary

SHORE BANCSHARES INC is a Maryland company, with head office located at 18 East Dover Street Easton, Maryland 21601-3013. The company achieved a record breaking net income last year - 11.26 million USD. This is 16.85% higher than one reported in 2016. In 2017 the company owned a total of 1.45 billion USD worth of assets. The company amassed the most assets last year, totalling up to 1.45 billion USD.

SHORE BANCSHARES INC Income Statement

Name [in Millions USD]2008200920102011201220132014201520162017Trends
Interest expense 17.4112.8211.0910.566.484.253.352.402.27
Income Tax Expense (Benefit) 4.41-0.49-0.66-6.57-6.503.064.416.268.52
Net income 7.27-1.67-0.90-9.64-9.635.057.119.6411.26

SHORE BANCSHARES INC Balance Sheet

Name [in Millions USD]2008200920102011201220132014201520162017Trends
Cash and cash equivalents 27.2975.6580.71169.57124.5194.3759.7661.2254.0843.48
Property, Plant and Equipment, Gross 25.7026.5726.9328.6328.5128.8634.47
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 11.0310.9711.7312.3511.6512.3011.42
Goodwill 13.6812.4512.4511.9311.9311.9327.2127.62
Intangible Assets, Net (Excluding Goodwill) 4.583.993.671.401.261.154.954.37
Total assets 1,124.191,175.331,054.281,064.851,084.351,125.691,362.801,451.71
Long-term Debt 0.930.460
Total liabilities 1,003.251,055.87940.68927.36940.95973.371,202.861,283.60
Common Stock, Value, Issued 0.090.090.0931.300.130.130.130.13
Retained Earnings (Accumulated Deficit) 90.5587.9781.6674.0179.5387.0794.85106.19
Accumulated Other Comprehensive Income (Loss), Net of Tax -1.57-0.68-0.32-0.140.021.130.17-3.77

SHORE BANCSHARES INC Cash Flow

Name [in Millions USD]2008200920102011201220132014201520162017Trends
Net income 7.27-1.67-0.90-9.64-9.635.057.119.6411.26
Depreciation 1.101.001.100.940.870.9111.10
Amortization of Intangible Assets 0.520.520.510.390.300.200.130.130.03
Deferred Income Tax Expense (Benefit) -0.93-2.91-1.55-4.77-6.132.843.875.724.48
Net Cash Provided by (Used in) Operating Activities 15.0319.8921.9221.3915.1219.0217.44
Payments to Acquire Property, Plant, and Equipment 1.551.291.222.200.552.081.520.701.26
Net Cash Provided by (Used in) Investing Activities -67.450.72-3.1116.20-65.35-33.73-70.22
Net Cash Provided by (Used in) Investing Activities, Continuing Operations -3.1116.2030.45-89.53-65.35-33.73
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures 0.0000.05
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures 0.0000.05
Proceeds from Issuance of Common Stock 0.00000031.2800.05
Payments of Ordinary Dividends, Common Stock 5.392.030.760.09000.511.772.79
Net Cash Provided by (Used in) Financing Activities 100.77-18.2930.9634.8627.8216.848.66
Cash and Cash Equivalents, Period Increase (Decrease) 48.352.3249.7872.45-69.10-34.87-22.412.13-44.12