Tearsheet

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 12%, Dividend Yield is 2.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 8.2%, FCF Yield is 11%

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -68%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 32%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 31%

Low stock price volatility
Vol 12M is 26%

Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, and Digital Payments.

Key risks
SHBI key risks include [1] a high concentration in commercial real estate (CRE) that is driving asset quality deterioration and [2] broader negative credit trends evidenced by rising non-performing assets and a notable marine loan write-off.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 12%, Dividend Yield is 2.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 8.2%, FCF Yield is 11%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -68%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 32%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 31%
3 Low stock price volatility
Vol 12M is 26%
4 Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, and Digital Payments.
5 Key risks
SHBI key risks include [1] a high concentration in commercial real estate (CRE) that is driving asset quality deterioration and [2] broader negative credit trends evidenced by rising non-performing assets and a notable marine loan write-off.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Shore Bancshares (SHBI) stock has remained largely at the same level since 1/31/2026 because of the following key factors:

1. Shore Bancshares reported record net income of $17.1 million for the first quarter of 2026, translating to $0.55 adjusted diluted earnings per share (EPS). This significantly surpassed the Zacks Consensus Estimate of $0.45 per share by 23.6%. The net income marked an increase of $1.2 million from $15.9 million in the fourth quarter of 2025.

2. The company experienced a notable increase in its Net Interest Income (NII) and Net Interest Margin (NIM) in Q1 2026. Net interest income rose by $2.4 million to $52.6 million compared to $50.2 million in the fourth quarter of 2025. The net interest margin expanded to 3.64% in Q1 2026, up from 3.21% in the first quarter of 2025 and 3.43% in Q4 2025, primarily driven by a decrease in interest expense on deposits and long-term borrowings.

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Stock Movement Drivers

Fundamental Drivers

The 1.6% change in SHBI stock from 1/31/2026 to 5/19/2026 was primarily driven by a 5.9% change in the company's Total Revenues ($ Mil).
(LTM values as of)13120265192026Change
Stock Price ($)18.8519.151.6%
Change Contribution By: 
Total Revenues ($ Mil)2192325.9%
Net Income Margin (%)26.0%27.1%4.2%
P/E Multiple11.110.2-8.0%
Shares Outstanding (Mil)33330.0%
Cumulative Contribution1.6%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 5/19/2026
ReturnCorrelation
SHBI1.6% 
Market (SPY)6.3%44.7%
Sector (XLF)-3.9%62.6%

Fundamental Drivers

The 24.4% change in SHBI stock from 10/31/2025 to 5/19/2026 was primarily driven by a 8.8% change in the company's Total Revenues ($ Mil).
(LTM values as of)103120255192026Change
Stock Price ($)15.4019.1524.4%
Change Contribution By: 
Total Revenues ($ Mil)2132328.8%
Net Income Margin (%)25.2%27.1%7.4%
P/E Multiple9.610.26.6%
Shares Outstanding (Mil)3333-0.2%
Cumulative Contribution24.4%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 5/19/2026
ReturnCorrelation
SHBI24.4% 
Market (SPY)8.2%39.5%
Sector (XLF)-1.6%56.9%

Fundamental Drivers

The 42.7% change in SHBI stock from 4/30/2025 to 5/19/2026 was primarily driven by a 24.5% change in the company's Net Income Margin (%).
(LTM values as of)43020255192026Change
Stock Price ($)13.4219.1542.7%
Change Contribution By: 
Total Revenues ($ Mil)20223214.9%
Net Income Margin (%)21.8%27.1%24.5%
P/E Multiple10.210.20.0%
Shares Outstanding (Mil)3333-0.3%
Cumulative Contribution42.7%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2025 to 5/19/2026
ReturnCorrelation
SHBI42.7% 
Market (SPY)33.8%48.0%
Sector (XLF)6.4%63.9%

Fundamental Drivers

The 60.5% change in SHBI stock from 4/30/2023 to 5/19/2026 was primarily driven by a 86.4% change in the company's Total Revenues ($ Mil).
(LTM values as of)43020235192026Change
Stock Price ($)11.9319.1560.5%
Change Contribution By: 
Total Revenues ($ Mil)12423286.4%
Net Income Margin (%)25.1%27.1%8.1%
P/E Multiple7.610.234.0%
Shares Outstanding (Mil)2033-40.6%
Cumulative Contribution60.5%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2023 to 5/19/2026
ReturnCorrelation
SHBI60.5% 
Market (SPY)83.3%45.0%
Sector (XLF)61.7%62.3%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
SHBI Return47%-14%-15%16%15%10%57%
Peers Return29%-28%25%8%29%-4%56%
S&P 500 Return27%-19%24%23%16%8%97%

Monthly Win Rates [3]
SHBI Win Rate75%42%42%50%58%80% 
Peers Win Rate44%50%56%50%65%41% 
S&P 500 Win Rate75%42%67%75%67%60% 

Max Drawdowns [4]
SHBI Max Drawdown-13%-17%-43%-28%-29%-14% 
Peers Max Drawdown-22%-39%-36%-25%-24%-23% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: NEWT, ATLO, AGBK, NU, FITB.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/19/2026 (YTD)

How Low Can It Go

EventSHBIS&P 500
2025 US Tariff Shock
  % Loss-27.3%-18.8%
  % Gain to Breakeven37.6%23.1%
  Time to Breakeven81 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-21.1%-9.5%
  % Gain to Breakeven26.7%10.5%
  Time to Breakeven38 days24 days
2023 SVB Regional Banking Crisis
  % Loss-37.4%-6.7%
  % Gain to Breakeven59.7%7.1%
  Time to Breakeven540 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-15.6%-24.5%
  % Gain to Breakeven18.5%32.4%
  Time to Breakeven1155 days427 days
2020 COVID-19 Crash
  % Loss-51.0%-33.7%
  % Gain to Breakeven104.0%50.9%
  Time to Breakeven338 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-26.0%-19.2%
  % Gain to Breakeven35.2%23.8%
  Time to Breakeven361 days105 days

Compare to NEWT, ATLO, AGBK, NU, FITB

In The Past

Shore Bancshares's stock fell -27.3% during the 2025 US Tariff Shock. Such a loss loss requires a 37.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventSHBIS&P 500
2025 US Tariff Shock
  % Loss-27.3%-18.8%
  % Gain to Breakeven37.6%23.1%
  Time to Breakeven81 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-21.1%-9.5%
  % Gain to Breakeven26.7%10.5%
  Time to Breakeven38 days24 days
2023 SVB Regional Banking Crisis
  % Loss-37.4%-6.7%
  % Gain to Breakeven59.7%7.1%
  Time to Breakeven540 days31 days
2020 COVID-19 Crash
  % Loss-51.0%-33.7%
  % Gain to Breakeven104.0%50.9%
  Time to Breakeven338 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-26.0%-19.2%
  % Gain to Breakeven35.2%23.8%
  Time to Breakeven361 days105 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-41.1%-17.9%
  % Gain to Breakeven69.8%21.8%
  Time to Breakeven175 days123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-25.4%-15.4%
  % Gain to Breakeven34.1%18.2%
  Time to Breakeven2298 days125 days
2008-2009 Global Financial Crisis
  % Loss-44.5%-53.4%
  % Gain to Breakeven80.1%114.4%
  Time to Breakeven25 days1085 days

Compare to NEWT, ATLO, AGBK, NU, FITB

In The Past

Shore Bancshares's stock fell -27.3% during the 2025 US Tariff Shock. Such a loss loss requires a 37.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Shore Bancshares (SHBI)

Shore Bancshares, Inc. operates as a bank holding company for the Shore United Bank that provides various commercial and consumer banking products and services to individuals, businesses, and other organizations. It offers checking, savings, overnight investment sweep, and money market accounts; and regular and IRA certificates of deposit, as well as CDARS programs and cash management services. The company also provides commercial loans, such as secured and unsecured loans, working capital loans, lines of credit, term loans, accounts receivable financing, real estate acquisition and development loans, construction loans, and letters of credit; residential real estate construction loans; residential mortgage loans; and loans to consumers, including home equity, automobile, installment, home improvement, and personal lines of credit, as well as other consumer financing products. In addition, it offers non-deposit products, such as mutual funds and annuities, and discount brokerage services; and trust, asset management, and financial planning services. Further, the company provides merchant credit card clearing, as well as telephone, mobile, and Internet banking services; safe deposit boxes; debit and credit cards; direct deposit of payroll; and automatic teller machine (ATM) services. It operates 29 full service branches, 30 ATMs, and 5 loan production offices in Baltimore City, Baltimore County, Howard County, Kent County, Queen Anne's County, Caroline County, Talbot County, Dorchester County, Anne Arundel County, and Worcester County in Maryland; Kent County, Delaware; and Accomack County, Virginia. The company was founded in 1876 and is headquartered in Easton, Maryland.

AI Analysis | Feedback

Here are 1-3 brief analogies for Shore Bancshares:

  • A community-focused Bank of America for the Mid-Atlantic region.

  • Like a regional Wells Fargo, serving specific counties in Maryland, Delaware, and Virginia.

AI Analysis | Feedback

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  • Deposit Accounts: Provides checking, savings, money market, and certificate of deposit accounts for individuals and businesses.
  • Commercial Lending: Offers a variety of loans for businesses, including working capital, real estate, construction, and lines of credit.
  • Residential Lending: Originates residential mortgage loans and construction loans for homeowners.
  • Consumer Lending: Supplies loans to individuals for purposes such as home equity, auto, and personal financing.
  • Investment Services: Provides non-deposit products including mutual funds, annuities, and discount brokerage services.
  • Wealth Management & Trust Services: Offers comprehensive trust administration, asset management, and financial planning services.
  • Digital & Ancillary Banking Services: Includes online and mobile banking, merchant services, debit/credit cards, and ATM access.
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AI Analysis | Feedback

Shore Bancshares (SHBI) operates as a bank holding company, and as such, its customer base is diverse rather than consisting of a few identifiable major companies. The company provides a broad range of financial products and services to both individuals and businesses within its operating regions. For a bank, customers are best described in categories rather than by specific names. Shore Bancshares serves the following major customer categories:

Shore Bancshares (SHBI) serves a diverse customer base, primarily categorized as:

  1. Individual Consumers: This category includes individuals and families who utilize a wide array of personal banking products and services. These include checking, savings, overnight investment sweep, and money market accounts; regular and IRA certificates of deposit; residential mortgage loans; residential real estate construction loans; and various consumer loans such as home equity, automobile, installment, home improvement, and personal lines of credit. They also access non-deposit products like mutual funds and annuities, and general banking services such as ATM, mobile, and internet banking.

  2. Businesses and Other Organizations: This segment consists of various commercial entities, including small to medium-sized businesses and other organizations in need of commercial banking and lending solutions. Services provided include commercial loans (secured and unsecured, working capital loans, lines of credit, term loans, accounts receivable financing, real estate acquisition and development loans, construction loans, and letters of credit), business checking and savings accounts, CDARS programs, cash management services, and merchant credit card clearing.

  3. Affluent Individuals and Families: This specific group of customers, a subset of individual consumers, utilizes specialized financial services focusing on wealth management. They are clients for non-deposit products such as mutual funds and annuities, discount brokerage services, and more comprehensive offerings like trust, asset management, and financial planning services.

AI Analysis | Feedback

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AI Analysis | Feedback

James M. Burke, President and Chief Executive Officer

Mr. Burke was appointed President and Chief Executive Officer of Shore Bancshares, Inc. and Shore United Bank, N.A. on July 1, 2023, following the merger between Shore Bancshares and The Community Financial Corporation. His total yearly compensation is approximately $1.17 million.

Charles S. Cullum, Executive Vice President and Chief Financial Officer

Mr. Cullum was appointed Executive Vice President and Chief Financial Officer, effective April 21, 2025. He brings over 20 years of financial experience, having most recently served as Chief Financial Officer at Sandy Spring Bancorp since May 2024. Prior to that, he held various financial roles at Sandy Spring, including Deputy Chief Financial Officer, Financial Division Executive, and Treasurer.

Donna J. Stevens, Executive Vice President and Chief Operating Officer

No detailed background information is available from the search results.

Lacey Amanda Pierce, Executive Vice President and Chief Strategy and Project Officer

Ms. Pierce was appointed Executive Vice President and Chief Strategy and Project Officer in January 2025. She previously served as Executive Vice President and Chief Administrative Officer since July 2023, after the merger of Shore Bancshares and The Community Financial Corporation. Before the merger, she was Executive Vice President and Chief Administrative Officer of Community Bank of the Chesapeake. Ms. Pierce is responsible for strategic planning and execution and the Company's overall project management strategy.

Christy Lombardi, Executive Vice President, Chief Human Resources Officer

Ms. Lombardi was appointed Executive Vice President, Chief Human Resources Officer in July 2023, following the merger of Shore Bancshares and The Community Financial Corporation. Before joining the Company, she served as Executive Vice President, Chief Operating Officer of The Community Financial Corporation and Community Bank of the Chesapeake, where she was responsible for overseeing operations, human resources, information technology, and shareholder relations. Ms. Lombardi has 25 years of banking experience.

AI Analysis | Feedback

The key risks to Shore Bancshares (SHBI) are primarily centered around its loan portfolio, interest rate sensitivity, and specific regulatory challenges.

1. Commercial Real Estate (CRE) Concentration and Credit Risk

Shore Bancshares has a significant concentration in commercial real estate loans, which represents a substantial portion of its total loan portfolio (approximately 53.95%). This high concentration exposes the company to elevated credit risk, particularly if local economic conditions in its operating regions (Maryland, Delaware, and Virginia) deteriorate, or if there is a downturn in the real estate market. The company's 10-K report and financial analyses highlight this exposure, noting that such conditions could lead to decreased demand for loans, increased nonperforming loans, and higher provisions for credit losses.

2. Interest Rate Risk

As a financial institution, Shore Bancshares is highly susceptible to fluctuations in interest rates. Mismatches in the repricing of its interest-earning assets (like loans) and interest-bearing liabilities (like deposits) can significantly impact its net interest income and overall profitability. Persistent inflation, rising interest rates, or other adverse economic and market conditions can decrease loan demand, reduce deposit balances, and adversely affect the value of its investment portfolio.

3. Regulatory and Legal Risks Related to Cannabis Banking

Shore Bancshares' involvement in banking services for cannabis-related businesses (CRBs) presents unique regulatory and legal risks. Despite state-level legalization efforts, cannabis remains classified as a Schedule I controlled substance under federal law. This discrepancy creates legal uncertainty, and any changes in federal enforcement priorities could subject the company to legal action, fines, or other penalties, affecting its operations and reputation.

AI Analysis | Feedback

A clear emerging threat to Shore Bancshares comes from digital-first financial technology companies, often referred to as neobanks or challenger banks. These companies operate primarily through online and mobile platforms, offering core banking products and services (checking, savings, loans, payments) with lower overhead, often better digital user experiences, and sometimes lower fees compared to traditional banks. Similar to how Netflix disrupted Blockbuster by offering a more convenient, digital-first service that bypassed physical locations, these fintechs threaten traditional banks like Shore Bancshares by attracting customers, particularly younger demographics, who prioritize digital convenience and may find physical branches less relevant. While Shore Bancshares offers mobile and Internet banking, its core operational model, including its extensive branch and ATM network, faces a structural challenge from entities built from the ground up for a purely digital banking environment.

AI Analysis | Feedback

Shore Bancshares, Inc. operates in Maryland, Delaware, and Virginia, offering a range of commercial and consumer banking products and services, as well as wealth management.

Addressable Market Sizes for Main Products/Services:

Deposits

  • Maryland: The total deposits in Maryland banks were approximately $195 billion in 2024.
  • Richmond region, Virginia: Total deposits in the Richmond region of Virginia were $67.68 billion as of June 30, 2025. (Note: This figure represents a specific region, not the entire state of Virginia, where Shore Bancshares operates in Accomack County).

Loans

  • Commercial Loans (Small Business Loans):
    • Maryland: Small business loans in Maryland totaled $10.2 billion in 2024.
    • Delaware: Total reported new lending to businesses through loans of $1 million or less was $1.1 billion in 2021.
  • Real Estate and Mortgage Loans:
    • Maryland: New home loans booked in Maryland amounted to $23.2 billion in 2024.
    • Delaware: The market size of the Real Estate Loans & Collateralized Debt industry in Delaware is projected to be $2.7 billion in 2026.
    • Virginia: The market size of the Real Estate Loans & Collateralized Debt industry in Virginia is projected to be $108.4 billion in 2026.

Wealth Management and Investment Advice

  • Delaware: The market size of the Portfolio Management & Investment Advice industry in Delaware is projected to be $3.9 billion in 2026.
  • Virginia: The market size of the Portfolio Management & Investment Advice industry in Virginia is projected to be $5.7 billion in 2026.

AI Analysis | Feedback

Expected Drivers of Future Revenue Growth for Shore Bancshares (SHBI)

Shore Bancshares (SHBI) is anticipated to experience revenue growth over the next two to three years, driven by several key factors in its banking operations. Analysts forecast Shore Bancshares' revenue to grow by approximately 8.4% per annum.

  1. Net Interest Margin (NIM) Expansion: A significant driver of future revenue growth for Shore Bancshares is expected to be the expansion of its Net Interest Margin. This is attributed to loans repricing favorably and a lower cost of deposits. The company has already demonstrated meaningful expansion in net interest margin.
  2. Loan Portfolio Growth: The expansion of Shore Bancshares' loan portfolio is projected to be a key contributor to increased interest income. Growth in the loan portfolio has led to higher reserves for credit losses, indicating an ongoing increase in lending activities.
  3. Growth in Mortgage Banking Activity: Increased revenue from mortgage banking and related activities, including mortgage servicing, is expected to bolster non-interest income.
  4. Diversification and Growth of Other Non-Interest Income Streams: Beyond mortgage banking, Shore Bancshares anticipates growth from other non-interest income sources. This includes gains on sales of loans held for sale and potential contributions from areas such as credit card incentives.

AI Analysis | Feedback

Capital Allocation Decisions (Last 3-5 Years) for Shore Bancshares (SHBI)

Share Repurchases

  • Shore Bancshares announced a new stock repurchase program on July 6, 2022, authorizing the repurchase of up to $5.0 million of its common stock.
  • This program allowed for the repurchase of approximately 1.4% of the 19.8 million outstanding shares at the time.
  • The program was set to expire on March 31, 2023.

Share Issuance

  • The weighted average diluted shares outstanding for Shore Bancshares increased significantly from 19.90 million in 2022 to 33.21 million in 2023.
  • As of March 6, 2025, the number of shares outstanding of the registrant's common stock was 33,352,164.
  • In February and March 2026, Restricted Stock Units (RSUs) vested for company executives, converting into common stock. For example, 696 shares were issued on February 27, 2026, and 994 and 1,196 shares were issued on March 6 and 7, 2026, respectively, though some were withheld for tax purposes.

Outbound Investments

  • On July 1, 2023, Shore Bancshares completed the acquisition of The Community Financial Corporation (TCFC) for approximately $153.6 million.
  • This acquisition expanded Shore Bancshares' banking footprint into Southern Maryland and the greater Fredericksburg area in Virginia.

Capital Expenditures

  • Shore Bancshares Inc invested $677K in capital expenditures in Q4 2025.
  • This Q4 2025 capital expenditure amount represented a 15.5% increase from the prior quarter.

Latest Trefis Analyses

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Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

SHBINEWTATLOAGBKNUFITBMedian
NameShore Ba.NewtekOneAmes Nat.AGI Nu Fifth Th. 
Mkt Price19.1512.8627.867.0012.2947.6016.00
Mkt Cap0.60.40.20.959.739.30.8
Rev LTM232272705,86111,9159,4613,066
Op Inc LTM-------
FCF LTM71-776221368681,437103
FCF 3Y Avg46-34817-1,7122,58346
CFO LTM74-776233441,2012,175209
CFO 3Y Avg51-34819-1,9523,14051

Growth & Margins

SHBINEWTATLOAGBKNUFITBMedian
NameShore Ba.NewtekOneAmes Nat.AGI Nu Fifth Th. 
Rev Chg LTM12.0%10.5%21.7%-39.5%13.9%13.9%
Rev Chg 3Y Avg22.8%32.1%5.4%-51.8%3.9%22.8%
Rev Chg Q12.8%8.0%17.8%-57.2%30.3%17.8%
QoQ Delta Rev Chg LTM3.0%1.9%4.1%-12.1%7.3%4.1%
Op Inc Chg LTM-------
Op Inc Chg 3Y Avg-------
Op Mgn LTM-------
Op Mgn 3Y Avg-------
QoQ Delta Op Mgn LTM-------
CFO/Rev LTM32.0%-285.4%32.5%5.9%10.1%23.0%16.5%
CFO/Rev 3Y Avg23.6%-134.4%31.4%-22.3%36.7%23.6%
FCF/Rev LTM30.6%-285.4%31.2%2.3%7.3%15.2%11.2%
FCF/Rev 3Y Avg21.1%-134.5%28.6%-19.6%30.4%21.1%

Valuation

SHBINEWTATLOAGBKNUFITBMedian
NameShore Ba.NewtekOneAmes Nat.AGI Nu Fifth Th. 
Mkt Cap0.60.40.20.959.739.30.8
P/S2.81.33.50.25.04.23.2
P/Op Inc-------
P/EBIT-------
P/E10.25.711.51.018.718.110.8
P/CFO8.6-0.510.92.749.718.19.8
Total Yield12.3%17.6%11.8%100.8%5.3%5.5%12.0%
Dividend Yield2.5%0.0%3.0%0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg8.8%-113.9%9.0%-3.3%9.4%8.8%
D/E0.21.50.12.00.00.50.3
Net D/E-0.70.5-2.00.2-0.5-1.2-0.6

Returns

SHBINEWTATLOAGBKNUFITBMedian
NameShore Ba.NewtekOneAmes Nat.AGI Nu Fifth Th. 
1M Rtn-4.2%-1.8%-2.8%-10.3%-19.9%-5.4%-4.8%
3M Rtn-4.1%0.3%0.5%-37.4%-26.9%-9.5%-6.8%
6M Rtn24.0%36.1%35.2%-34.9%-19.8%17.2%20.6%
12M Rtn31.4%21.9%62.3%-34.9%-6.2%24.8%23.3%
3Y Rtn87.6%33.2%78.3%-34.9%88.5%113.5%82.9%
1M Excs Rtn-5.9%-5.5%-5.9%-9.9%-22.0%-10.1%-7.9%
3M Excs Rtn-8.8%-6.8%-5.8%-45.5%-35.3%-17.4%-13.1%
6M Excs Rtn11.3%23.0%23.2%-44.1%-31.5%4.6%7.9%
12M Excs Rtn8.5%-0.8%39.5%-58.3%-29.2%1.0%0.1%
3Y Excs Rtn17.4%-37.4%-0.5%-113.2%33.2%48.6%8.5%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Financial services operations20216012477 
Mortgage Banking   1 
Single Segment    63
Total2021601247863


Price Behavior

Price Behavior
Market Price$19.15 
Market Cap ($ Bil)0.6 
First Trading Date04/09/2001 
Distance from 52W High-5.4% 
   50 Days200 Days
DMA Price$18.93$17.60
DMA Trendupindeterminate
Distance from DMA1.2%8.8%
 3M1YR
Volatility24.7%26.1%
Downside Capture110.4984.43
Upside Capture64.2394.69
Correlation (SPY)48.3%46.2%
SHBI Betas & Captures as of 4/30/2026

 1M2M3M6M1Y3Y
Beta1.030.680.720.751.020.96
Up Beta0.860.810.740.961.390.88
Down Beta3.480.420.370.360.870.95
Up Capture68%70%85%105%95%103%
Bmk +ve Days15223166141428
Stock +ve Days13233670133363
Down Capture368%68%77%62%87%101%
Bmk -ve Days4183056108321
Stock -ve Days9192754117370

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SHBI
SHBI32.0%26.1%1.03-
Sector ETF (XLF)0.6%14.6%-0.1863.2%
Equity (SPY)25.0%12.1%1.5546.2%
Gold (GLD)40.0%26.8%1.23-5.4%
Commodities (DBC)49.4%18.5%2.03-23.5%
Real Estate (VNQ)9.7%13.4%0.4541.7%
Bitcoin (BTCUSD)-25.6%41.9%-0.5920.5%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SHBI
SHBI6.2%28.6%0.23-
Sector ETF (XLF)8.7%18.6%0.3555.6%
Equity (SPY)14.2%17.0%0.6542.7%
Gold (GLD)19.3%18.0%0.87-0.5%
Commodities (DBC)11.0%19.4%0.457.7%
Real Estate (VNQ)4.0%18.8%0.1143.4%
Bitcoin (BTCUSD)9.4%55.6%0.3817.6%

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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SHBI
SHBI7.9%37.1%0.32-
Sector ETF (XLF)12.5%22.2%0.5258.5%
Equity (SPY)15.3%17.9%0.7347.7%
Gold (GLD)13.0%16.0%0.67-1.7%
Commodities (DBC)8.4%17.9%0.3812.1%
Real Estate (VNQ)5.1%20.7%0.2146.3%
Bitcoin (BTCUSD)67.2%66.9%1.0612.1%

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Short Interest

Short Interest: As Of Date4302026
Short Interest: Shares Quantity0.7 Mil
Short Interest: % Change Since 415202612.8%
Average Daily Volume0.3 Mil
Days-to-Cover Short Interest2.5 days
Basic Shares Quantity33.4 Mil
Short % of Basic Shares2.0%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
4/23/2026-0.8%0.3% 
1/28/20260.4%9.0%1.1%
10/23/2025-0.1%-1.6%5.9%
7/24/2025-1.4%-3.4%5.4%
4/29/20257.2%10.7%11.1%
1/30/20253.5%5.1%-4.2%
10/24/2024-0.7%0.7%15.5%
7/25/20244.9%5.4%-2.2%
...
SUMMARY STATS   
# Positive121515
# Negative1298
Median Positive1.7%4.4%5.4%
Median Negative-1.4%-10.3%-5.6%
Max Positive7.2%10.7%15.5%
Max Negative-8.7%-16.9%-16.0%

SEC Filings

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Report DateFiling DateFiling
03/31/202605/04/202610-Q
12/31/202503/02/202610-K
09/30/202511/04/202510-Q
06/30/202508/07/202510-Q
03/31/202505/08/202510-Q
12/31/202403/10/202510-K
09/30/202411/07/202410-Q
06/30/202408/09/202410-Q
03/31/202405/09/202410-Q
12/31/202303/15/202410-K
09/30/202311/14/202310-Q
06/30/202308/14/202310-Q
03/31/202305/15/202310-Q
12/31/202203/30/202310-K
09/30/202211/14/202210-Q
06/30/202208/15/202210-Q

Insider Activity

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#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Slater, A Joseph JRDirectSell303202618.781,80233,8421,251,387Form
2Esham, William E IiiIRABuy209202619.995,00099,950110,145Form
3Willey, Dawn MIRABuy1201202517.671,00017,670212,034Form
4Kaslow, Aaron MichaelEVP, Chief Legal OfficerDirectBuy1120202515.566,500101,140101,140Form
5Lamon, JohnDirectBuy1110202515.922003,184993,058Form