Shore Bancshares, Inc. Financial Ratios — SHBI Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	-0.74	-8.19	-8.87	4.14	4.95	6.4	7.08	14.41	8.62	8.11	5.63	8.72	2.57	8.34	10.52
Return on Assets (%)	-0.08	-0.82	-0.86	0.47	0.64	0.84	0.88	1.74	1.06	0.9	0.57	0.9	0.24	0.72	0.95
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	4.19	5.39	4.79	4.7	4.84	4.51	3.09	3.88	3.98	3.91	3.98	4.71	6.85	7.95	6.81
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	-2.79	-32.96	-32.32	16.48	22.89	29.25	33.66	35.76	36.4	33.23	27.28	33.88	8.88	29.11	34.95
Profit Margin (%)	-1.61	-19.6	-19.3	10.26	14.13	17.73	21.11	42.27	26.93	24.83	19.8	25.06	7.03	21.76	26.44
Net Income to Common Margin (%)	-1.61	-19.6	-19.3	10.26	14.13	17.73	21.11	42.27	26.93	24.83	19.8	25.06	7.03	21.76	26.44
Effective Tax Rate (%)	- -	- -	- -	37.73	38.28	39.38	48.63	25.45	25.62	25.26	27.44	26.02	20.84	25.24	24.35
Dvd Payout Ratio (%)	-84.73	-0.88	- -	- -	7.12	18.38	30.24	25.88	32.84	37.83	42.99	30.57	113.4	36.49	27.05
Sustainable Growth Rate (%)	-1.36	-8.27	-8.87	4.14	4.59	5.22	4.94	10.68	5.79	5.04	3.21	6.06	-0.34	5.3	7.68

Credit (USD)

Credit Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	18	14	10	5	7	3	22	76	21	29	64	93	86	136	100
ST Debt	18	14	10	5	7	3	22	61	1	- -	- -	40	- -	- -	- -
LT Debt	- -	- -	- -	- -	- -	- -	- -	15	20	29	64	53	86	136	100
Total Debt/EBITDA	7.81	5.2	4.24	2.08	2.74	1.31	13.18	33	8.78	11.83	20.89	15.86	7.82	8.45	6.53
Net Debt/EBITDA	-44.63	-67.1	-50.37	-38	-25.73	-29.7	-6.12	3.74	-32.91	-65.63	-171.98	4.7	-27.4	-20.96	-17.38
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	10.47	9.62	9.8	12.77	12.95	13.3	11.75	12.35	12.37	10.09	10.14	10.48	8.5	8.68	9.42
Long-Term Debt/Equity (%)	0.38	- -	- -	- -	- -	- -	- -	8.19	10.27	15.03	18.38	14.54	16.73	25.05	16.97
Long-Term Debt/Capital (%)	0.33	- -	- -	- -	- -	- -	- -	5.79	9.26	13.06	15.53	11.59	14.33	20.03	14.51
Long-Term Debt/Total Assets (%)	0.04	- -	- -	- -	- -	- -	- -	1.01	1.27	1.52	1.86	1.52	1.42	2.18	1.6
Total Debt/Equity (%)	15.07	12.07	9.82	3.42	4.54	2.08	13.27	41.39	10.9	15.03	18.38	25.52	16.73	25.05	16.97
Total Debt/Capital (%)	13.1	10.77	8.94	3.31	4.34	2.03	11.72	29.27	9.83	13.06	15.53	20.33	14.33	20.03	14.51
Total Debt/Total Assets (%)	1.58	1.16	0.96	0.44	0.59	0.28	1.56	5.11	1.35	1.52	1.86	2.67	1.42	2.18	1.6
Net Debt to Equity	-86.18	-155.83	-116.63	-62.55	-42.62	-47.14	-6.16	4.69	-40.84	-83.32	-151.33	7.57	-58.64	-62.12	-45.18
Net Debt/Capital (%)	-623.49	279.13	701.17	-167.02	-74.26	-89.18	-6.56	4.48	-66.26	-434.4	315.05	6.86	-133.67	-155.06	-79.7
EBITDA	2	3	2	2	2	2	2	2	2	2	3	6	11	16	15
EBITDA-CapEx	1	- -	2	- -	1	2	- -	1	- -	- -	- -	3	5	11	12
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	10.47	9.62	9.8	12.77	12.95	13.3	11.75	12.35	12.37	10.09	10.14	10.48	8.5	8.68	9.42
Long-Term Debt/Equity (%)	0.38	- -	- -	- -	- -	- -	- -	8.19	10.27	15.03	18.38	14.54	16.73	25.05	16.97
Long-Term Debt/Capital (%)	0.33	- -	- -	- -	- -	- -	- -	5.79	9.26	13.06	15.53	11.59	14.33	20.03	14.51
Long-Term Debt/Total Assets (%)	0.04	- -	- -	- -	- -	- -	- -	1.01	1.27	1.52	1.86	1.52	1.42	2.18	1.6
Total Debt/Equity (%)	15.07	12.07	9.82	3.42	4.54	2.08	13.27	41.39	10.9	15.03	18.38	25.52	16.73	25.05	16.97
Total Debt/Capital (%)	13.1	10.77	8.94	3.31	4.34	2.03	11.72	29.27	9.83	13.06	15.53	20.33	14.33	20.03	14.51
Total Debt/Total Assets (%)	1.58	1.16	0.96	0.44	0.59	0.28	1.56	5.11	1.35	1.52	1.86	2.67	1.42	2.18	1.6
CFO/Total Liabilities	2.11	2	2.09	1.37	1.53	1.89	1.59	1.41	1.01	1.06	-0.24	1.69	0.41	0.82	1.1
CFO/CapEx	18.03	9.71	36.42	6.35	9.96	27.21	15.51	16.15	6.12	7.76	-2.17	21.8	3.81	8.98	19.69
Altman's Z-Score	0.19	0.16	0.19	0.22	0.23	0.27	0.24	0.24	0.25	0.2	0.16	0.17	0.12	0.13	0.15

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	23.21	11.31	15.49	18.85	19.65	21.18	17.26	17.25	17.69	12.58	11.64	15.45	11.16	10.4	11.81
Days Sales Outstanding	15.72	32.27	23.57	19.37	18.57	17.23	21.15	21.15	20.63	29.01	31.35	23.63	32.69	35.1	30.91
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	44	46	78	118	137	193	212	185	217	172	413	346	473	528	591
- Cash & Cash Equivalents	123	191	131	93	69	76	32	67	95	187	584	55	372	460	356
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	18	14	10	5	7	3	22	76	21	29	64	93	86	136	100
Enterprise Value	-191	-278	-189	-206	-137	-43	5	40	20	-125	-223	300	75	55	115
Total Capital	140	128	113	145	154	158	185	259	214	224	415	457	597	677	690
Total Debt/Capital (%)	13.1	10.77	8.94	3.31	4.34	2.03	11.72	29.27	9.83	13.06	15.53	20.33	14.33	20.03	14.51
Total Debt / EV	-0.1	-0.05	-0.05	-0.02	-0.05	-0.07	4.48	1.92	1.04	-0.23	-0.29	0.31	1.14	2.47	0.87
EV/Sales	- -	- -	- -	- -	- -	- -	0.09	0.67	0.34	- -	- -	2.41	0.47	0.27	0.51
EV/EBITDA	- -	- -	- -	- -	- -	- -	2.94	17.21	8.47	- -	- -	51.16	6.87	3.42	7.5
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	0.25	2.16	1.47	- -	- -	5.7	3.31	1.17	1.84
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	0.23	2.03	1.27	- -	- -	5.45	2.62	1.05	1.75
Diluted Market Cap	44	46	78	102	138	193	212	185	221	181	274	346	380	528	591
Diluted Enterprise Value	-61	-132	-42	14	75	120	202	194	147	23	-246	383	93	203	335
EV per Share	- -	- -	- -	- -	- -	- -	0.38	3.1	1.62	- -	- -	15.11	2.27	1.64	3.44
TTM Sales	56	49	50	49	50	54	53	59	60	63	78	124	160	202	225
TTM EBITDA	2	3	2	2	2	2	2	2	2	2	3	6	11	16	15
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	22	21	20	13	15	19	20	18	14	18	-8	53	23	47	62
TTM Free Cash Flow to Firm	23	24	20	15	17	20	21	19	16	21	-4	55	29	52	66

Multiples (USD)

Valuation Multiples API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	1.88	1.93	3.83	6.71	8.27	9.8	10.22	9.54	13.82	8.69	-67.49	6.28	13.25	10.12	9.01
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	-191	-278	-189	-206	-137	-43	5	40	20	-125	-223	300	75	55	115
Low Price	3.95	4.65	5.2	8.57	8.51	10.23	14.64	12.95	14	7.63	12.99	17.04	9.66	10.06	11.47
EV/Sales	- -	- -	- -	- -	- -	- -	0.09	0.67	0.34	- -	- -	2.41	0.47	0.27	0.51
EV/EBITDA	- -	- -	- -	- -	- -	- -	2.94	17.21	8.47	- -	- -	51.16	6.87	3.42	7.5
Price/Earnings	- -	- -	- -	20.24	19.33	20.02	18.81	7.41	13.64	11.49	17.8	11.1	33.84	12.01	9.92
Price/Earnings Average	-69.03	-5.14	-6.71	20.02	16.98	15.91	18.79	9.14	12.36	9.28	14.74	12.41	30.87	9.82	8.76
Price/Earnings High	-104.67	-6.54	-8.3	22.73	19.54	22.18	20.82	10.24	14.06	13.82	19.8	13.63	43.1	13.35	10.79
Price/Earnings Low	-37.21	-4.08	-4.57	18.57	15.12	13.43	16.49	6.6	11	6.01	11.09	10.85	22.94	7.63	6.44
Price/Book Value	0.36	0.4	0.76	0.84	0.94	1.25	1.29	1.01	1.13	0.88	1.18	0.95	0.92	0.98	1
Price/Book Value Average	0.51	0.43	0.63	0.83	0.82	0.99	1.29	1.25	1.02	0.71	0.98	1.06	0.84	0.8	0.88
Price/Book Value High	0.77	0.55	0.77	0.94	0.95	1.39	1.43	1.4	1.16	1.06	1.31	1.17	1.18	1.08	1.09
Price/Book Value Low	0.28	0.34	0.43	0.77	0.73	0.84	1.13	0.9	0.91	0.46	0.73	0.93	0.63	0.62	0.65
Price/Tangible Book Value	0.42	0.47	0.89	0.93	1.03	1.37	1.49	1.14	1.25	0.98	1.5	1.19	1.2	1.2	1.19
Price/Tangible Book Value Average	0.59	0.51	0.74	0.92	0.9	1.09	1.49	1.4	1.14	0.79	1.24	1.33	1.09	0.98	1.05
Price/Tangible Book Value High	0.9	0.64	0.92	1.04	1.04	1.51	1.65	1.57	1.29	1.18	1.67	1.46	1.53	1.34	1.29
Price/Tangible Book Value Low	0.32	0.4	0.5	0.85	0.8	0.92	1.3	1.01	1.01	0.51	0.93	1.17	0.81	0.76	0.77
Price/Sales	0.78	0.93	1.56	2.08	2.73	3.55	3.97	3.13	3.67	2.85	3.52	2.78	2.38	2.61	2.62
Price/Sales Average	1.11	1.01	1.29	2.05	2.4	2.82	3.96	3.86	3.33	2.31	2.92	3.11	2.17	2.14	2.32
Price/Sales High	1.68	1.28	1.6	2.33	2.76	3.93	4.39	4.33	3.79	3.43	3.92	3.42	3.03	2.9	2.85
Price/Sales Low	0.6	0.8	0.88	1.91	2.14	2.38	3.48	2.79	2.96	1.49	2.2	2.72	1.61	1.66	1.7
Price/Cash Flow	1.99	2.13	3.93	7.76	9.09	10.14	10.85	10.12	16.07	9.81	-36.46	6.57	16.73	11.25	9.46
Price/Cash Flow Average	2.82	2.32	3.26	7.67	7.98	8.06	10.84	12.48	14.57	7.92	-30.2	7.35	15.26	9.19	8.36
Price/Cash Flow High	4.28	2.95	4.03	8.71	9.19	11.24	12.01	13.99	16.57	11.8	-40.55	8.07	21.3	12.49	10.29
Price/Cash Flow Low	1.52	1.84	2.22	7.12	7.11	6.8	9.51	9.02	12.96	5.13	-22.71	6.42	11.34	7.14	6.14
Price/Free Cash Flow Average	2.68	2.1	3.17	6.64	7.26	7.79	10.21	11.77	12.53	7.02	-55.9	7.02	12.09	8.28	7.96
Price/Free Cash Flow High	4.06	2.67	3.92	7.53	8.36	10.86	11.32	13.19	14.25	10.45	-75.06	7.72	16.88	11.25	9.79
Price/Free Cash Flow Low	1.44	1.67	2.16	6.15	6.47	6.57	8.96	8.5	11.15	4.54	-42.05	6.14	8.98	6.43	5.84
EV/Sales Average	- -	- -	- -	0.58	1.15	1.49	3.78	4.01	2.04	- -	- -	3.41	0.9	0.53	1.18
EV/Sales High	- -	- -	- -	0.9	1.52	2.6	4.21	4.48	2.49	0.78	- -	3.72	1.97	1.3	1.72
EV/Sales Low	- -	- -	- -	0.41	0.89	1.05	3.29	2.94	1.68	- -	- -	3.02	0.21	0.05	0.57
EV/EBITDA Average	-18.17	-48.37	-23.33	12.42	23.87	32.97	122.25	103.23	51.31	-7.52	-57.37	72.39	13.19	6.71	17.37
EV/EBITDA High	-4.5	-43.31	-16.9	19.25	31.35	57.7	136.15	115.25	62.6	19.91	-19.38	78.9	28.8	16.38	25.23
EV/EBITDA Low	-30.36	-52.25	-31.95	8.77	18.43	23.2	106.53	75.62	42.23	-27.35	-84.85	64.1	3.06	0.69	8.33
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	5.15	5.39	9.22	9.34	10.88	15.25	16.7	14.54	17.36	14.6	20.85	17.43	14.25	15.85	17.68
High Price	11.11	7.45	9.45	10.49	11	16.9	18.49	20.09	17.9	17.56	23.19	21.41	18.15	17.61	19.22
Enterprise Value Average	-43	-128	-56	29	58	81	202	237	123	-19	-177	424	144	108	266
Enterprise Value High	-11	-115	-40	45	76	141	225	265	150	49	-60	462	315	263	387
Enterprise Value Low	-71	-138	-76	20	45	57	176	174	101	-68	-262	376	33	11	128

Shares Outstanding	8	8	8	13	13	13	13	13	13	12	20	20	33	33	33
Diluted Weighted Avg Shares	8	8	8	11	13	13	13	13	13	12	13	20	27	33	33
Basic Weighted Avg Shares	8	8	8	11	13	13	13	13	13	12	13	20	27	33	33
Revenue per Share	6.6	5.81	5.9	4.5	3.98	4.3	4.21	4.64	4.73	5.12	5.92	6.27	5.99	6.06	6.74
EBITDA per Share	0.28	0.31	0.28	0.21	0.19	0.19	0.13	0.18	0.19	0.2	0.24	0.3	0.41	0.48	0.46
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	-0.11	-1.14	-1.14	0.46	0.56	0.76	0.89	1.96	1.27	1.27	1.17	1.57	0.42	1.32	1.78
Basic EPS from Cont Ops	-0.11	-1.14	-1.14	0.46	0.56	0.76	0.73	1.24	1.28	1.27	1.17	1.57	0.42	1.32	1.78
Diluted EPS, GAAP	-0.11	-1.14	-1.14	0.46	0.56	0.76	0.89	1.96	1.27	1.27	1.17	1.57	0.42	1.32	1.78
Diluted EPS from Cont Ops	-0.11	-1.14	-1.14	0.46	0.56	0.76	0.73	1.24	1.28	1.27	1.17	1.57	0.42	1.32	1.78
Dividend per Share	0.09	0.01	- -	- -	0.04	0.14	0.22	0.32	0.42	0.48	0.5	0.48	0.48	0.48	0.48
Cash Flow per Share	2.59	2.53	2.35	1.2	1.2	1.5	1.54	1.44	1.08	1.49	-0.57	2.65	0.85	1.41	1.87
Free Cash Flow per Basic Share	2.45	2.27	2.28	1.01	1.08	1.45	1.44	1.35	0.9	1.3	-0.83	2.53	0.63	1.25	1.77
Cash & Equivalents per Share	29.86	39.84	32.78	26.06	22.28	18.94	18.03	17.39	17.42	27.71	35.37	7.01	14.56	18.27	17.24
Book Value per Share	14.34	13.48	12.19	11.13	11.64	12.18	12.9	14.37	15.42	16.55	17.71	18.35	15.41	16.23	17.65
Tangible Book Value per Share	12.37	11.56	10.31	10.08	10.59	11.16	11.23	12.77	13.84	14.92	13.92	14.62	11.88	13.19	14.87

Shore Bancshares, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)