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Mar 31, 2024
Bar Harbor Bankshares Q1 2024 Earnings Report
Bar Harbor Bankshares reported stable earnings in line with expectations for Q1 2024.
Key Takeaways
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%.
Bar Harbor Bankshares
Bar Harbor Bankshares
Bar Harbor Bankshares Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the press release.