For the quarter ending 2026-03-31, SHBI had -$14,744K decrease in cash & cash equivalents over the period. $30,486K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Valuation adjustments on premises transferred to held for sale | - | 0 | 0 | 0 |
| Net income | 17,088 | 15,887 | 14,348 | 29,271 |
| Net accretion of acquisition accounting estimates | 4,263 | 2,494 | 2,812 | 6,737 |
| Provision for credit losses | 85 | 2,827 | 2,992 | 2,556 |
| Depreciation and amortization | 3,578 | 3,590 | 3,615 | 8,126 |
| Net amortization of securities | 69 | 6 | -28 | -64 |
| Amortization of debt issuance costs | 72 | 38 | 21 | 61 |
| Bargain purchase gain | - | 0 | - | - |
| Loss on sales of repossessed assets | - | - | -41 | -123 |
| Gain on mortgage loans held for sale | 1,549 | 1,085 | 2,295 | 2,291 |
| Loss (gain) on other mortgage loan activity | -238 | -42 | -902 | 938 |
| Proceeds from sale of mortgage loans held for sale | 50,845 | 37,732 | 63,644 | 82,070 |
| Originations of loans held for sale | 41,379 | 47,581 | 49,572 | 94,125 |
| Stock-based compensation expense | 913 | 533 | 387 | 970 |
| Deferred income tax expense (benefit) | -327 | -440 | -326 | -156 |
| Loss on sales and calls of securities | - | 0 | - | - |
| Loss (gain) on sales and valuation adjustments of repossessed assets | -127 | -857 | - | - |
| Loss on valuation adjustments on mortgage servicing rights | -159 | -167 | -361 | -330 |
| Loss on disposal of fixed assets | 0 | -211 | -99 | -48 |
| Loss (gain) on disposal of premises held for sale | 0 | 0 | 0 | -61 |
| Loss (gain) on sales and valuation adjustments on other real estate owned | -44 | -7 | -59 | - |
| Fair value adjustment on equity securities | 39 | -26 | -57 | -106 |
| Bank-owned life insurance income | 33 | 1,783 | 840 | 1,287 |
| Accrued interest receivable | 2,125 | -1,857 | 585 | 253 |
| Other assets | -587 | 1 | 2,624 | 1,490 |
| Accrued interest payable | 932 | -426 | -83 | 88 |
| Other liabilities | 5,957 | -2,144 | 14,512 | -5,251 |
| Net cash provided by operating activities | 31,573 | 8,478 | 42,467 | 11,446 |
| Proceeds from maturities and principal payments of available for sale securities | 5,518 | 7,230 | 7,267 | 12,573 |
| Proceeds from the sale of acquired available for sale securities | - | 0 | - | - |
| Proceeds from maturities and principal payments of held to maturity securities | 21,108 | 18,480 | 25,762 | 23,899 |
| Purchases of held to maturity securities | - | 0 | -1 | 2,326 |
| Proceeds from life insurance death benefits | - | 1,100 | 1,714 | 0 |
| Proceeds from sale of loans held for investment | - | 0 | - | - |
| Purchases of available for sale securities | 49,926 | 45,504 | 27 | 48,171 |
| Purchases of equity securities | 48 | 47 | 46 | 90 |
| Purchase of restricted securities | 14 | 3,373 | -47 | 158 |
| Net change in loans | -55,093 | 18,215 | 55,195 | 49,173 |
| Purchases of premises and equipment | 1,087 | 677 | 586 | 1,905 |
| Proceeds from sales of other real estate owned | - | 0 | - | - |
| Proceeds from sales of repossessed assets | 82 | 977 | 321 | 1,531 |
| Redemption of restricted securities | - | 5,748 | 0 | 0 |
| Purchases of bank owned life insurance | 316 | 101 | 69 | 152 |
| Proceeds from disposal of premises held for sale | 0 | 0 | 0 | 843 |
| Cash acquired in the acquisition of tcfc, net of cash paid | - | 0 | - | - |
| Net cash provided (used in) by investing activities | 30,410 | -34,382 | -20,811 | -63,129 |
| Noninterest-bearing deposits | -20,528 | -6,259 | 19,083 | 12,314 |
| Interest-bearing deposits | -51,716 | 10,776 | 194,845 | -227,461 |
| Short-term borrowings | - | -50,000 | - | 0 |
| Issuance of common stock | - | - | 0 | 0 |
| Long-term borrowings | - | 0 | 0 | 0 |
| Proceeds from issuance of subordinated debt, net of issuance costs | - | 58,860 | - | - |
| Redemption of subordinated debt | - | 44,500 | - | - |
| Shares withheld as tax payments associated with settlement of restricted stock units | 543 | - | - | - |
| Common stock dividends paid | 4,030 | 4,002 | 4,055 | 8,037 |
| Issuance of common stock | 90 | 82 | - | - |
| Net cash used in financing activities | -76,727 | -35,043 | 209,873 | -223,184 |
| Net decrease in cash and cash equivalents | -14,744 | -60,947 | 231,529 | -274,867 |
| Cash and cash equivalents at beginning of period | 355,566 | 416,513 | 459,851 | - |
| Cash and cash equivalents at end of period | 340,822 | 355,566 | 416,513 | - |
SHORE BANCSHARES INC (SHBI)
SHORE BANCSHARES INC (SHBI)