← 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
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $9.6m $11.3m $25.0m $16.2m $15.7m $15.4m $31.2m $11.2m $43.9m $59.5m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — — — — — $15.4m $31.2m — — —
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) — — — — — —
Depreciation and amortization $2.4m $1.6m $2.3m $2.4m $2.5m $3.1m $5.9m $10.9m $16.0m $15.3m
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
Deferred Income Tax Expense (Benefit) $5.7m $4.5m $103k $241k ($2.2m) $278k ($1.2m) $2.7m $8.9m $922k
Share-based Payment Arrangement, Noncash Expense $334k $1.1m $447k $149k $263k $378k $636k $1.2m $1.7m $1.9m
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
Goodwill and Intangible Asset Impairment — — — — — — — $0 $0 $0
Impairment of Intangible Assets, Finite-lived — — — — — $0 $0 $0 — —
Gain (Loss) on Disposition of Property Plant Equipment — ($22k) — — ($41k) ($4k) ($183k) $0 $737k ($61k)
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
Gain (Loss) on Disposition of Business — — $12.7m — — — — — — —
Gain (Loss) on Disposition of Other Assets — — — — — — — $0 ($10k) ($358k)
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
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Other Operating Assets $98k $3.3m $3.3m ($2.3m) $255k $3.0m $1.4m $10.9m ($4.8m) $4.1m
Provision for Loan, Lease, and Other Losses $1.8m $2.3m $1.7m $700k $3.9m $358k $1.9m — — —
Bank Owned Life Insurance Income — — ($73k) $443k $917k $1.1m $1.1m $2.0m $2.7m $3.9m
Increase (Decrease) in Other Operating Liabilities ($728k) $331k $5.6m ($7.8m) $2.3m $1.9m ($5.8m) ($3.7m) ($2.4m) $7.1m
Proceeds from Stock Options Exercised — — — — $3k $6k — — — —
Debt and Equity Securities, Realized Gain (Loss) — — — — — — — — $0 —
Debt Securities, Available-for-sale, Realized Gain (Loss) — — — — — — — ($2.2m) $0 $0
Equipment Expense $963k $1.0m $950k $1.1m $1.2m $1.6m $2.0m $2.6m $3.4m $3.3m
Equity Securities, FV-NI, Unrealized Gain (Loss) — — — — — — — — — $372k
Gain (Loss) on Investments $30k $5k — — $347k $2k — ($2.2m) — —
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
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 — — —
Net Cash Provided by (Used in) Operating Activities $19.0m $17.4m $18.3m $13.7m $18.4m ($7.5m) $52.6m $22.7m $46.9m $62.4m
Cash flows from investing activities:
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
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)
Cash flows from financing activities:
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
Proceeds from Issuance of Long-term Debt — — $15.0m — — — — $0 $50.0m $0
Repayments of Long-term Debt — — — — $15.0m — $10.0m $0 — —
Proceeds from Issuance of Common Stock $53k — — — — $6k $386k $385k $376k $82k
Payments of Ordinary Dividends, Common Stock $1.8m $2.8m $4.0m $0 $0 $6.6m $9.5m $12.7m $16.0m $16.1m
Payments of Dividends $1.8m $2.8m $4.1m $5.3m $6.0m $6.6m $9.5m $12.7m $16.0m $16.1m
Net Cash Provided by (Used in) Financing Activities $16.9m $8.7m $59.6m $59.7m $353.6m $366.0m $811k $121.9m $175.1m ($48.4m)
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)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — — — — $372.4m $459.9m $355.6m
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

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.