Bar Harbor Bankshares Earnings Reports

Bar Harbor Bankshares maintained strong profitability in Q1 2025, posting $10.2 million in net income and a stable net interest margin of 3.17%. The company advanced its regional growth strategy by announcing the acquisition of Woodsville Guaranty Bancorp.

Bar Harbor Bankshares reported a net income of $11.0 million, or $0.72 per diluted share, for the fourth quarter of 2024, compared to a net income of $9.9 million, or $0.65 per diluted share, for the same quarter in 2023. The company's commercial loan growth was 14% annualized and the net interest margin was 3.17%.

Bar Harbor Bankshares reported a net income of $12.1 million, or $0.80 per diluted share, for the third quarter of 2024, compared to a net income of $11.1 million, or $0.73 per diluted share, for the same quarter in 2023. The company's performance was driven by consistent teamwork and dedication to risk management.

Bar Harbor Bankshares reported a solid second quarter with GAAP net income of $10.3 million and EPS of $0.67. The company saw commercial loan growth of 14% annualized and a net interest margin of 3.09%.

Bar Harbor Bankshares reported a net income of $10.1 million, or $0.66 per diluted share, for the first quarter of 2024. The company saw yield expansion across all earning asset classes, maintained robust liquidity and capital levels, and demonstrated strong credit metrics.

Bar Harbor Bankshares reported a decrease in net income for Q4 2023 to $9.9 million, or $0.65 per diluted share, compared to $12.5 million, or $0.83 per diluted share, in Q4 2022. Core net income (Non-GAAP) was $10.4 million, or $0.68 per diluted share, compared to $12.5 million, or $0.83 per diluted share, in the same period last year.

Bar Harbor Bankshares reported a solid third quarter with net income of $11.1 million, or $0.73 per diluted share. The company focused on managing funding costs and selectively growing high-quality loan relationships, while non-performing assets remained low and deposit beta was well-managed.

Bar Harbor Bankshares reported a net income of $10.8 million for Q2 2023, an increase compared to $10.5 million in the same quarter of the previous year. The company's financial performance was driven by strong net interest income generated from robust loan growth and expanding yields on average earning assets, while maintaining strong credit quality metrics.

Bar Harbor Bankshares reported a strong first quarter in 2023, with net income increasing by 43% to $13.0 million, or $0.86 per diluted share, compared to $9.1 million, or $0.60 per diluted share, in the same quarter of 2022. The company experienced strong loan growth, increased fee-based income, and controlled expenses, leading to an improved return on assets of 1.36%.

Bar Harbor Bankshares reported a strong fourth quarter in 2022, with net income up 28% compared to the same quarter in 2021. The company's performance metrics showed significant favorable expansion throughout 2022, including 19% in total commercial loan growth for the year.

Bar Harbor Bankshares reported a net income of $11.4 million, or $0.76 per diluted share, for the third quarter of 2022, compared to $11.0 million, or $0.73 per diluted share, for the same quarter in 2021. The company saw strong loan growth, asset quality, and expansion in net interest margin.

Bar Harbor Bankshares reported a strong second quarter with net income of $10.5 million, or $0.70 per diluted share, compared to $9.0 million, or $0.60 per diluted share, in the same quarter of 2021. The results reflect loan growth across all product offerings and rising interest rates.

Bar Harbor Bankshares reported a solid first quarter with strong commercial loan growth, expanded net interest margin, and increased fee-based income. The company effectively managed expenses and maintained credit quality and capital levels.

Bar Harbor Bankshares reported Q4 2021 net income of $9.8 million, or $0.65 per diluted share, compared to $8.6 million, or $0.58 per diluted share, for the same period in 2020. The increase was driven by higher fee income and lower operating expenses.

Bar Harbor Bankshares reported a strong third quarter in 2021, with net income of $11.0 million, or $0.73 per diluted share, compared to $8.4 million, or $0.56 per diluted share, for the same period in 2020. Core earnings (non-GAAP) were also $11.0 million, or $0.73 per diluted share, compared to $9.2 million, or $0.61 per share, for the same period in 2020.

Bar Harbor Bankshares reported a net income of $9.0 million, or $0.60 per share, for the second quarter of 2021, compared to $8.5 million, or $0.55 per share, for the same quarter in 2020. Core earnings (non-GAAP) were $9.4 million, or $0.63 per share, compared to $8.6 million, or $0.56 per share for the same periods.

Bar Harbor Bankshares reported a 26% increase in earnings for Q1 2021 compared to Q1 2020, driven by strong commercial loan growth, higher wealth management and mortgage banking income, and lower core non-interest expenses. Net income was $9.5 million, or $0.63 per share, while core earnings (non-GAAP) were $10.2 million, or $0.68 per share.

Bar Harbor Bankshares reported a strong fourth quarter with net income reaching $8.6 million, a notable increase from the $4.2 million reported in the same quarter of the previous year. The increase in earnings was attributed to commercial loan growth and positive trends in credit quality.

Bar Harbor Bankshares reported a net income of $8.4 million, or $0.56 per share, for the third quarter of 2020, compared to $5.0 million, or $0.32 per share, for the same quarter in 2019. Core earnings, a non-GAAP measure, increased by 30% to $9.2 million, or $0.61 per share.

Bar Harbor Bankshares reported a strong second quarter with net income up 41% year-over-year, driven by growth in commercial loans, non-maturity deposits, and an improved net interest margin. The company actively managed its balance sheet and maintained strong credit quality.

Bar Harbor Bankshares reported a strong first quarter with a 6% increase in net income compared to the same quarter of the previous year. The company's financial performance was driven by growth in commercial loans and non-maturity deposits.

Bar Harbor Bankshares reported a net income of $4.2 million, or $0.27 per share, for the fourth quarter of 2019, compared to $7.6 million, or $0.49 per share, in the fourth quarter of 2018. Total revenue increased to $31.9 million. The company completed the acquisition of eight branches within Central Maine and closed five branches as part of its strategic review.