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Mar 31, 2022
Bar Harbor Bankshares Q1 2022 Earnings Report
Reported net income of $9.1 million and EPS of $0.60, demonstrating a strong start to the year with loan growth and net interest margin expansion.
Key Takeaways
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.
Net income was $9.1 million, or $0.60 per diluted share.
Annualized commercial loan growth reached 21%.
Net interest margin expanded to 2.95%.
Fee-based revenue increased by 11%.
Revenue by Segment
Forward Guidance
The asset sensitivity of the balance sheet positions the company to expect to further benefit from any potential Fed rate hikes.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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