← SHORE BANCSHARES INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $9.6m | $11.3m | $25.0m | $16.2m | $15.7m | $15.4m | $31.2m | $11.2m | $43.9m | $59.5m | — | |
| Depreciation and amortization | $2.4m | $1.6m | $2.3m | $2.4m | $2.5m | $3.1m | $5.9m | $10.9m | $16.0m | $15.3m | $14.4m | |
| Amortization of Debt Issuance Costs | — | — | — | — | $40k | $123k | $122k | $122k | $122k | $120k | — | |
| Amortization of Intangible Assets | $131k | $314k | $866k | $605k | $533k | $734k | $2.0m | $6.1m | $9.8m | $8.6m | — | |
| Depreciation | $1.0m | $1.1m | $1.0m | $1.1m | $1.2m | $1.5m | $2.4m | $3.3m | $4.4m | $4.4m | $14.4m | |
| Deferred Income Tax Expense (Benefit) | $5.7m | $4.5m | $103k | $241k | ($2.2m) | $278k | ($1.2m) | $2.7m | $8.9m | $922k | $496k | |
| Share-based Payment Arrangement, Noncash Expense | $334k | $1.1m | $447k | $149k | $263k | $378k | $636k | $1.2m | $1.7m | $1.9m | $2.8m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | $269k | $88k | $39k | — | — | — | — | — | — | |
| Share-based Payment Arrangement, Expense | $334k | $1.1m | $447k | $149k | $263k | $378k | $636k | $1.2m | $1.7m | $1.9m | $2.8m | |
| Goodwill and Intangible Asset Impairment | — | — | — | — | — | — | — | $0 | $0 | $0 | — | |
| Impairment of Intangible Assets, Finite-lived | — | — | — | — | — | $0 | $0 | $0 | — | — | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal | ($218k) | ($827k) | $164k | ($110k) | ($3.2m) | $2.1m | ($2.7m) | $30.4m | $4.6m | $7.6m | — | |
| Increase (Decrease) in Other Operating Assets | $98k | $3.3m | $3.3m | ($2.3m) | $255k | $3.0m | $1.4m | $10.9m | ($4.8m) | $4.1m | — | |
| Increase (Decrease) in Other Operating Liabilities | ($728k) | $331k | $5.6m | ($7.8m) | $2.3m | $1.9m | ($5.8m) | ($3.7m) | ($2.4m) | $7.1m | — | |
| Gain (Loss) on Disposition of Other Assets | — | — | — | — | — | — | — | $0 | ($10k) | ($358k) | — | |
| Net Cash Provided by (Used in) Operating Activities | $19.0m |
$17.4m
-8.21%
|
$18.3m
+4.93%
|
$13.7m
-24.89%
|
$18.4m
+34.10%
|
($7.5m)
-140.71%
|
$52.6m
+801.68%
|
$22.7m
-56.86%
|
$46.9m
+106.43%
|
$62.4m
+33.07%
|
$90.1m
+44.40%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | — | ($22k) | — | — | ($41k) | ($4k) | ($183k) | $0 | $737k | ($61k) | ($4.9m) | |
| Payments to Acquire Property, Plant, and Equipment | $699k | $1.3m | $1.1m | $2.2m | $2.4m | $3.5m | $2.4m | $6.0m | $5.2m | $3.2m | ($2.9m) | |
| Equipment Expense | $963k | $1.0m | $950k | $1.1m | $1.2m | $1.6m | $2.0m | $2.6m | $3.4m | $3.3m | — | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $60.0m | $46.5m | $38.9m | $35.4m | $45.3m | $40.7m | $20.4m | $17.8m | $70.9m | $27.1m | — | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | — | — | — | — | — | — | — | ($2.2m) | $0 | $0 | — | |
| Gain (Loss) on Investments | $30k | $5k | — | — | $347k | $2k | — | ($2.2m) | — | — | $0 | |
| Gain (Loss) on Sale of Investments | $18k | $22k | — | — | $41k | $4k | $183k | $0 | — | $61k | — | |
| Net Cash Provided by (Used in) Investing Activities | ($33.7m) | ($70.2m) | ($42.5m) | ($45.7m) | ($280.1m) | $38.2m | ($581.6m) | $172.3m | ($134.5m) | ($118.3m) | ($47.9m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | — | — | — | — | $15.0m | — | $10.0m | $0 | — | — | ($44.5m) | |
| Debt and Equity Securities, Realized Gain (Loss) | — | — | — | — | — | — | — | — | $0 | — | — | |
| Proceeds from Issuance of Long-term Debt | — | — | $15.0m | — | — | — | — | $0 | $50.0m | $0 | $58.9m | |
| Payments of Ordinary Dividends, Common Stock | $1.8m | $2.8m | $4.0m | $0 | $0 | $6.6m | $9.5m | $12.7m | $16.0m | $16.1m | ($16.8m) | |
| Proceeds from Issuance of Common Stock | $53k | — | — | — | — | $6k | $386k | $385k | $376k | $82k | $254k | |
| Payments of Dividends | $1.8m | $2.8m | $4.1m | $5.3m | $6.0m | $6.6m | $9.5m | $12.7m | $16.0m | $16.1m | ($16.8m) | |
| Net Cash Provided by (Used in) Financing Activities | $16.9m |
$8.7m
-48.64%
|
$59.6m
+587.57%
|
$59.7m
+0.20%
|
$353.6m
+492.48%
|
$366.0m
+3.51%
|
$811k
-99.78%
|
$121.9m
+14929.35%
|
$175.1m
+43.65%
|
($48.4m)
-127.62%
|
$30.5m
+163.15%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $35.4m | $27.7m | $91.9m | $396.7m | ($528.1m) | $316.9m | $87.4m | ($104.3m) | $257.7m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | — | $372.4m | $459.9m | $355.6m | $257.7m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Provision for Loan, Lease, and Other Losses | $1.8m | $2.3m | $1.7m | $700k | $3.9m | $358k | $1.9m | — | — | — | $6.8m | |
| Bank Owned Life Insurance Income | — | — | ($73k) | $443k | $917k | $1.1m | $1.1m | $2.0m | $2.7m | $3.9m | — | |
| Proceeds from Stock Options Exercised | — | — | — | — | $3k | $6k | — | — | — | — | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $2.4m | $2.4m | $5.0m | $10.1m | $6.8m | $6.0m | $12.6m | $74.0m | $123.6m | $114.9m | — | |
| Income Taxes Paid, Net | $435k | $3.9m | $5.4m | $11.9m | $7.9m | $6.3m | $11.9m | $7.3m | $0 | $15.1m | — | |
| Additional Financial Items | ||||||||||||
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | — | — | — | — | — | — | — | $372k | — | |
| Gain (Loss) on Disposition of Business | — | — | $12.7m | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Sale of Mortgage Loans | — | — | — | — | — | $918k | $3.9m | $3.5m | $5.0m | $5.7m | — | |
| Gains (Losses) on Sales of Credit Card Portfolio | $198k | — | — | — | — | — | — | — | — | — | — | |
| Goodwill | $11.9m | $27.6m | $17.5m | $17.5m | $17.5m | $63.4m | $63.3m | $63.3m | $63.3m | $63.3m | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | $15.8m | $16.3m | $15.7m | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | $9.2m | ($86k) | — | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $6.3m | $8.5m | $5.4m | $5.6m | $5.3m | $5.8m | $11.0m | $3.0m | $14.8m | $19.1m | — | |
| Operating Lease, Lease Income | — | — | — | — | — | — | — | $1.2m | $1.1m | $1.1m | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | $1.8m | $2.3m | $1.7m | $700k | $3.9m | ($358k) | $1.9m | $31.0m | $4.7m | $8.4m | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | — | $9.5m | $9.2m | $11.0m | $15.3m | — | — | — | — |