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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.
Return on assets was 1.03%.
Commercial loan growth was 7% annualized.
Net interest margin was 3.14%.
Non-accruing loans to total loans ratio was 0.23%.
No specific forward guidance was provided in the press release.
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