WinstonWınston
Back
Shore Bancshares logo

Shore Bancshares

SHBI
67
Banks - Regional · Financial Services
Price
$23.34
+0.20 (+0.86%)
Market Cap
$780.9M
Exchange
NASDAQ
Winston Score
67
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Bank Quality
Good
Growth
Strong
Capital Strength
Exceptional
Asset Quality
Strong
Valuation
Good
Dividends
Good
Track this stock — start free trial

Share count rising — dilution

+154.6% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 13.1M (2021) → 33.4M (2025)

Winston Score History

The full picture

Shore Bancshares is a regional bank holding company based on the Eastern Shore of Maryland. It operates through its main banking subsidiary, Shore United Bank, which offers everyday financial services like checking accounts, savings accounts, loans, and mortgages. Its main customers are individuals, small businesses, and local companies across Maryland, Delaware, and Virginia.

The company makes money primarily from the difference between the interest it charges on loans and the interest it pays on deposits — a model called net interest income — along with fees for banking services. With roughly $0.8 billion in market cap, Shore Bancshares is a community-focused bank competing against both larger regional banks and other local lenders in the Mid-Atlantic region. Its main competitive edge is deep local relationships and knowledge of its markets, but its key risk is exposure to rising or falling interest rates, which directly affect how much profit it earns on loans.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+1.0% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+23.9% YoY

YoY Growth Rate

Steady EPS growth

R&D Spend

$0/ year

0.0% of revenue

Below sector average (7%)

Research and development spending

Insider Activity

9.1%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$5.8B cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Growth context

Shore Bancshares is growing revenue at 1% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Bank Quality

Return on owners' money
Return on Equity
11.6%
no trend
Solid — 11.6% return on equity

Standard mid-range return on equity. Acceptable.

Profit on lending
Net Interest Margin
3.74%
no trend
Wide spread — 3.74% net interest margin
Cost of running the bank
Efficiency Ratio
55.2%
no trend
Efficient — 55.2% efficiency ratio

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth
Sales YoY
+2.9%
Nearly flat sales (+2.9% YoY)
Profit growth
EPS YoY
+23.6%
Earnings growing fast (+23.6% YoY)

Healthy double-digit earnings growth — what compounders look like.

How steady the profit is
EPS Consistency
8/8 quarters
Every recent quarter grew earnings vs last year

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Capital Strength

Safety cushion
Capital Ratio
12.2%
no trend
Fortress balance sheet — 12.2% CET1

A strong capital cushion. This bank is well padded against a bad year.

Asset Quality

Loans not being repaid
Non-Performing Loans
1.33%
no trend
Some stress — 1.33% non-performing loans

Between 1% and 2% of loans are struggling. Worth watching, but not alarming.

Loans written off
Net Charge-Offs
0.07%
no trend
Minimal losses — 0.07% net charge-offs

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit
P/E Ratio (TTM)
11.7x
Attractive valuation — P/E 11.7

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year
P/E vs Forward
+1.0
GROWING
Earnings roughly flat

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend
Dividend Yield
2.40%
Moderate income — 2.40% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend record
Dividend Growth
+8.3%
Dividend growing modestly (8.3% YoY)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free
🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.
Start free trial