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Side-by-side financial comparison of SHORE BANCSHARES INC (SHBI) and Spok Holdings, Inc (SPOK). Click either name above to swap in a different company.

SHORE BANCSHARES INC is the larger business by last-quarter revenue ($59.1M vs $33.9M, roughly 1.7× Spok Holdings, Inc). On growth, SHORE BANCSHARES INC posted the faster year-over-year revenue change (11.8% vs -0.1%). SHORE BANCSHARES INC produced more free cash flow last quarter ($59.2M vs $10.1M). Over the past eight quarters, SHORE BANCSHARES INC's revenue compounded faster (11.3% CAGR vs -1.5%).

Shore Bancshares Inc. is a U.S. regional bank holding company headquartered in Maryland. It offers a full range of retail and commercial banking services, including deposit products, personal and commercial loans, and wealth management solutions, primarily serving local individual customers, small businesses and mid-sized enterprises in its operating regions.

Spok Holdings, Inc. is a global provider of critical communication solutions primarily serving the healthcare industry. It offers unified clinical communication platforms, secure messaging tools, alerting systems, and on-call scheduling software that help care teams coordinate efficiently, cut response times, and boost patient safety across medical facilities.

SHBI vs SPOK — Head-to-Head

Bigger by revenue
SHBI
SHBI
1.7× larger
SHBI
$59.1M
$33.9M
SPOK
Growing faster (revenue YoY)
SHBI
SHBI
+11.9% gap
SHBI
11.8%
-0.1%
SPOK
More free cash flow
SHBI
SHBI
$49.1M more FCF
SHBI
$59.2M
$10.1M
SPOK
Faster 2-yr revenue CAGR
SHBI
SHBI
Annualised
SHBI
11.3%
-1.5%
SPOK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SHBI
SHBI
SPOK
SPOK
Revenue
$59.1M
$33.9M
Net Profit
$2.9M
Gross Margin
76.7%
Operating Margin
35.2%
11.6%
Net Margin
8.7%
Revenue YoY
11.8%
-0.1%
Net Profit YoY
-19.6%
EPS (diluted)
$0.48
$0.13

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
SHBI
SHBI
SPOK
SPOK
Q4 25
$59.1M
$33.9M
Q3 25
$56.4M
$33.9M
Q2 25
$56.6M
$35.7M
Q1 25
$53.0M
$36.3M
Q4 24
$52.9M
$33.9M
Q3 24
$50.5M
$34.9M
Q2 24
$50.6M
$34.0M
Q1 24
$47.7M
$34.9M
Net Profit
SHBI
SHBI
SPOK
SPOK
Q4 25
$2.9M
Q3 25
$14.3M
$3.2M
Q2 25
$15.5M
$4.6M
Q1 25
$13.8M
$5.2M
Q4 24
$3.6M
Q3 24
$11.2M
$3.7M
Q2 24
$11.2M
$3.4M
Q1 24
$8.2M
$4.2M
Gross Margin
SHBI
SHBI
SPOK
SPOK
Q4 25
76.7%
Q3 25
78.3%
Q2 25
79.5%
Q1 25
80.1%
Q4 24
78.5%
Q3 24
79.5%
Q2 24
78.9%
Q1 24
79.5%
Operating Margin
SHBI
SHBI
SPOK
SPOK
Q4 25
35.2%
11.6%
Q3 25
33.7%
12.9%
Q2 25
36.5%
15.1%
Q1 25
34.4%
16.6%
Q4 24
34.3%
13.7%
Q3 24
29.6%
14.2%
Q2 24
29.7%
13.2%
Q1 24
22.2%
14.0%
Net Margin
SHBI
SHBI
SPOK
SPOK
Q4 25
8.7%
Q3 25
25.5%
9.5%
Q2 25
27.4%
12.8%
Q1 25
26.0%
14.3%
Q4 24
10.8%
Q3 24
22.1%
10.5%
Q2 24
22.2%
10.1%
Q1 24
17.2%
12.1%
EPS (diluted)
SHBI
SHBI
SPOK
SPOK
Q4 25
$0.48
$0.13
Q3 25
$0.43
$0.15
Q2 25
$0.46
$0.22
Q1 25
$0.41
$0.25
Q4 24
$0.39
$0.17
Q3 24
$0.34
$0.18
Q2 24
$0.34
$0.17
Q1 24
$0.25
$0.21

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
SHBI
SHBI
SPOK
SPOK
Cash + ST InvestmentsLiquidity on hand
$355.6M
$25.3M
Total DebtLower is stronger
$89.1M
Stockholders' EquityBook value
$589.9M
$146.4M
Total Assets
$6.3B
$206.1M
Debt / EquityLower = less leverage
0.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SHBI
SHBI
SPOK
SPOK
Q4 25
$355.6M
$25.3M
Q3 25
$416.5M
$21.4M
Q2 25
$185.0M
$20.2M
Q1 25
$389.0M
$19.9M
Q4 24
$459.9M
$29.1M
Q3 24
$183.6M
$27.8M
Q2 24
$138.9M
$23.9M
Q1 24
$114.6M
$23.3M
Total Debt
SHBI
SHBI
SPOK
SPOK
Q4 25
$89.1M
Q3 25
$74.5M
Q2 25
$74.2M
Q1 25
$74.0M
Q4 24
$73.7M
Q3 24
$123.5M
Q2 24
$122.8M
Q1 24
$72.6M
Stockholders' Equity
SHBI
SHBI
SPOK
SPOK
Q4 25
$589.9M
$146.4M
Q3 25
$577.2M
$148.7M
Q2 25
$565.2M
$150.9M
Q1 25
$552.5M
$151.7M
Q4 24
$541.1M
$154.7M
Q3 24
$533.3M
$156.3M
Q2 24
$522.8M
$158.2M
Q1 24
$515.2M
$160.2M
Total Assets
SHBI
SHBI
SPOK
SPOK
Q4 25
$6.3B
$206.1M
Q3 25
$6.3B
$209.7M
Q2 25
$6.0B
$208.7M
Q1 25
$6.2B
$204.5M
Q4 24
$6.2B
$217.1M
Q3 24
$5.9B
$216.8M
Q2 24
$5.9B
$216.4M
Q1 24
$5.8B
$215.0M
Debt / Equity
SHBI
SHBI
SPOK
SPOK
Q4 25
0.15×
Q3 25
0.13×
Q2 25
0.13×
Q1 25
0.13×
Q4 24
0.14×
Q3 24
0.23×
Q2 24
0.23×
Q1 24
0.14×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
SHBI
SHBI
SPOK
SPOK
Operating Cash FlowLast quarter
$62.4M
$11.5M
Free Cash FlowOCF − Capex
$59.2M
$10.1M
FCF MarginFCF / Revenue
100.2%
29.9%
Capex IntensityCapex / Revenue
5.4%
4.1%
Cash ConversionOCF / Net Profit
3.93×
TTM Free Cash FlowTrailing 4 quarters
$110.6M
$25.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SHBI
SHBI
SPOK
SPOK
Q4 25
$62.4M
$11.5M
Q3 25
$42.5M
$8.1M
Q2 25
$-8.3M
$7.0M
Q1 25
$19.8M
$2.3M
Q4 24
$46.9M
$8.4M
Q3 24
$9.1M
$11.1M
Q2 24
$3.0M
$7.4M
Q1 24
$2.4M
$2.0M
Free Cash Flow
SHBI
SHBI
SPOK
SPOK
Q4 25
$59.2M
$10.1M
Q3 25
$41.9M
$7.6M
Q2 25
$-9.2M
$6.0M
Q1 25
$18.8M
$1.5M
Q4 24
$41.7M
$7.5M
Q3 24
$8.4M
$10.3M
Q2 24
$1.4M
$6.8M
Q1 24
$614.0K
$1.1M
FCF Margin
SHBI
SHBI
SPOK
SPOK
Q4 25
100.2%
29.9%
Q3 25
74.3%
22.4%
Q2 25
-16.3%
16.8%
Q1 25
35.4%
4.2%
Q4 24
78.8%
22.3%
Q3 24
16.7%
29.4%
Q2 24
2.9%
20.0%
Q1 24
1.3%
3.2%
Capex Intensity
SHBI
SHBI
SPOK
SPOK
Q4 25
5.4%
4.1%
Q3 25
1.0%
1.6%
Q2 25
1.6%
2.9%
Q1 25
1.9%
2.1%
Q4 24
9.9%
2.5%
Q3 24
1.2%
2.4%
Q2 24
3.1%
1.9%
Q1 24
3.7%
2.5%
Cash Conversion
SHBI
SHBI
SPOK
SPOK
Q4 25
3.93×
Q3 25
2.96×
2.54×
Q2 25
-0.54×
1.55×
Q1 25
1.44×
0.43×
Q4 24
2.31×
Q3 24
0.81×
3.03×
Q2 24
0.27×
2.17×
Q1 24
0.29×
0.47×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

SHBI
SHBI

Segment breakdown not available.

SPOK
SPOK

Paging$16.8M50%
Software Operations$16.0M47%
License$1.2M4%

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