NASDAQ$SHBI

Shore Bancshares Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Shore Bancshares reported fourth quarter earnings and declared a quarterly dividend.

Shore Bancshares reported net income of $2.723 million, or $0.16 per diluted common share, for the fourth quarter of 2021. Excluding merger related expenses, net income was $7.914 million, or $0.46 per diluted common share. The company's acquisition of Severn Bank continued to be a high priority.

  • Net income for the fourth quarter of 2021 was $2.723 million, or $0.16 per diluted common share.
  • Excluding merger related expenses, net income for the fourth quarter of 2021 was $7.914 million, or $0.46 per diluted common share.
  • Total assets were $3.460 billion at December 31, 2021, a $1.5 billion, or 79.0%, increase when compared to the end of 2020.
  • Net interest income was $20.6 million for the fourth quarter of 2021, compared to $13.8 million for the fourth quarter of 2020.

Headline financials

Total Revenue

$20.7M

Previous: $13.8M+49.7%
EPS (adj)

$0.46

Previous: $0.32+43.8%
Net Interest Margin

2.9%

Previous: 3.1%-6.8%
Capital Expenditures

$344K

Previous: $589K-41.6%
Free Cash Flow

-$23.4M

Previous: $8.27M-383.3%
Net Income

$2.72M

Previous: $3.89M-29.9%
Gross Profit

$25.8M

Previous: $16.8M+53.3%
Cash & Equivalents

$584M

Previous: $174M+236.3%
Total Assets

$3.46B

Previous: $1.93B+79.0%
Stock-Based Comp

$91K

Previous: $73K+24.7%

Revenue & EPS history

Shore Bancshares · Revenue · Quarterly

$20.7M

Q4 2021+49.7%vs Q4 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

Excess liquidity continues to put pressure on our margin, but that liquidity is well positioned to profit from the expected interest rate hikes in 2022.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

-0.2%

Avg return

Earnings day

+0.3%

Avg return

5 days after

+1.6%

Avg return

30 days after

52%

34 / 66 earnings

Positive

+6.6%

Q3 2016

Best reaction

-13.1%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.9%+2.0%+5.4%
Q4 2025+0.4%+7.5%+1.1%
Q3 2025-0.3%-1.1%+5.1%
Q2 2025-2.1%-0.9%+6.0%
Q1 2025+2.8%+3.5%+1.8%
Q4 2024+3.5%+3.0%-4.1%
Q3 2024-0.7%+1.2%+14.6%
Q2 2024+6.3%+6.2%+2.5%
Q1 2024+6.3%+5.2%+7.2%
Q4 2023-11.3%-18.9%-18.1%
Q3 2023+5.8%+12.0%+23.1%
Q2 2023-9.1%-10.6%-17.9%
Q1 2023+2.2%-10.0%-13.9%
Q4 2022-2.0%+0.6%-1.9%
Q3 2022+6.6%+7.7%+7.4%
Q2 2022+0.8%-0.4%+0.5%
Q1 2022+0.2%-0.9%-0.8%
Q4 2021+2.9%+7.8%+5.1%
Q3 2021+3.2%+6.0%+10.6%
Q2 2021+1.3%+1.6%+4.0%
Q1 2021+1.0%-0.1%+3.1%
Q4 2020-3.6%-0.9%+11.3%
Q3 2020-1.5%-7.6%+13.3%
Q2 2020+0.0%+1.2%+2.5%
Q1 2020-13.1%-20.7%-14.2%
Q4 2019+0.6%+0.5%-3.7%
Q3 2019+1.6%+0.9%+4.2%
Q2 2019+0.4%+1.4%-7.6%
Q1 2019+5.2%+4.8%+5.4%
Q4 2018+0.5%-2.3%+3.4%
Q3 2018-5.2%-7.1%-7.9%
Q2 2018-0.7%+1.7%-0.6%
Q1 2018+0.4%+1.1%-1.2%
Q4 2017-1.1%+2.5%-2.0%
Q3 2017+2.1%+0.5%+1.2%
Q2 2017-1.3%+0.7%-3.7%
Q1 2017-1.9%-0.8%-8.4%
Q4 2016+1.1%+0.1%+9.8%
Q3 2016+6.6%+8.9%+17.7%
Q2 2016+1.4%+4.3%+2.7%
Q1 2016-2.8%
Q4 2015-1.7%
Q3 2015+3.1%
Q2 2015-0.6%
Q1 2015+1.2%
Q4 2014-0.4%
Q3 2014-0.3%
Q2 2014+1.0%
Q1 2014-0.3%
Q4 2013+0.7%
Q3 2013-0.7%
Q2 2013+3.2%
Q1 2013+1.6%
Q4 2012-0.7%
Q3 2012-1.0%
Q2 2012-2.7%
Q1 2011+5.3%
Q1 2012+0.1%
Q4 2010-0.2%
Q4 2011-0.2%
Q4 2009-0.2%
Q3 2011-3.8%
Q3 2010-3.8%
Q2 2010-12.0%
Q2 2011-12.0%
Q1 2010+3.0%

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