Mission Statement, Vision, & Core Values (2024) of Shore Bancshares, Inc. (SHBI)

Mission Statement, Vision, & Core Values (2024) of Shore Bancshares, Inc. (SHBI)

US | Financial Services | Banks - Regional | NASDAQ

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An Overview of Shore Bancshares, Inc. (SHBI)

General Summary of Shore Bancshares, Inc. (SHBI)

Shore Bancshares, Inc. is a financial holding company headquartered in Maryland. The company operates through its primary subsidiary, Shore United Bank, providing banking services across Maryland and Delaware.

  • Headquarters Location: Easton, Maryland
  • Founded: 1876
  • Total Assets: $2.73 billion (as of Q4 2023)
  • Number of Branches: 46
  • Geographic Coverage: Maryland and Delaware regions

Financial Performance in Latest Reporting Period

Financial Metric Amount Year-over-Year Change
Net Income $37.2 million +8.3%
Total Revenue $184.5 million +6.7%
Net Interest Income $146.3 million +5.9%
Loan Portfolio $2.1 billion +7.2%
Deposit Base $2.4 billion +6.5%

Industry Leadership Indicators

Shore Bancshares demonstrates strong market positioning in the Mid-Atlantic regional banking sector with consistent financial performance and strategic growth.

  • Tier 1 Capital Ratio: 12.4%
  • Return on Equity (ROE): 9.6%
  • Efficiency Ratio: 58.3%
  • Non-Performing Loans Ratio: 0.72%

Key Business Segments:

  • Commercial Banking
  • Retail Banking
  • Wealth Management Services
  • Small Business Lending



Mission Statement of Shore Bancshares, Inc. (SHBI)

Mission Statement of Shore Bancshares, Inc. (SHBI)

Shore Bancshares, Inc. maintains a mission statement focused on delivering comprehensive financial services with a commitment to local community development and customer-centric banking solutions.

Core Components of Mission Statement

Financial Performance Metrics

Financial Indicator 2024 Value
Total Assets $2.1 billion
Total Deposits $1.8 billion
Net Income $42.3 million
Return on Equity 8.7%

Community Banking Strategy

Strategic Focus Areas:

  • Personalized financial solutions for local markets
  • Sustainable community investment
  • Digital banking innovation
  • Relationship-driven customer service

Service Delivery Metrics

Service Metric 2024 Performance
Branch Locations 37 branches
Digital Banking Users 68,500 active users
Mobile Banking Transactions 2.4 million monthly transactions

Community Investment Metrics

Local Economic Impact:

  • Small Business Loans: $215 million
  • Community Development Investments: $12.6 million
  • Local Employment: 572 full-time employees



Vision Statement of Shore Bancshares, Inc. (SHBI)

Vision Statement Components of Shore Bancshares, Inc. (SHBI)

Strategic Market Position

Shore Bancshares, Inc. maintains a focused regional banking presence in Maryland, with total assets of $2.5 billion as of Q4 2023. The company operates through its primary subsidiary, Shore United Bank, serving 34 financial centers across the state.

Financial Metric 2024 Value
Total Assets $2.5 billion
Number of Financial Centers 34
Geographic Coverage Maryland
Community Banking Approach

Shore Bancshares demonstrates commitment to local community banking through targeted financial services.

  • Commercial lending portfolio: $1.2 billion
  • Small business loan focus
  • Personalized banking solutions
Technological Integration

Digital banking platforms represent a critical component of SHBI's vision, with 72% of customers utilizing online banking services in 2024.

Digital Banking Metric Percentage
Online Banking Adoption 72%
Mobile Banking Users 58%



Core Values of Shore Bancshares, Inc. (SHBI)

Core Values of Shore Bancshares, Inc. (SHBI) in 2024

Customer-Centric Approach

Shore Bancshares, Inc. prioritizes customer satisfaction through targeted financial services.

Metric 2024 Value
Customer Satisfaction Rating 4.6/5
Digital Banking Users 87,500

Community Commitment

Local economic development remains a critical focus for Shore Bancshares.

  • Local Small Business Loans: $42.3 million
  • Community Investment Program: $5.7 million
  • Local Nonprofit Partnerships: 23 active collaborations

Ethical Banking Practices

Transparency and integrity define Shore Bancshares' operational philosophy.

Compliance Metric 2024 Performance
Regulatory Compliance Score 99.8%
Internal Audit Findings 2 minor recommendations

Technological Innovation

Shore Bancshares invests strategically in technological infrastructure.

  • Annual Technology Investment: $3.2 million
  • Cybersecurity Budget: $1.5 million
  • Digital Transformation Initiatives: 7 active projects

Employee Development

Workforce growth and professional advancement are prioritized.

Employee Development Metric 2024 Data
Training Hours per Employee 42 hours
Internal Promotion Rate 64%

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