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Sep 30, 2020
Bar Harbor Bankshares Q3 2020 Earnings Report
Bar Harbor Bankshares reported an increase in net income and core earnings for Q3 2020.
Key Takeaways
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.
Net income increased to $8.4 million, or $0.56 per share.
Core earnings increased 30% to $9.2 million, or $0.61 per share.
Net interest margin increased to 2.98% from 2.75%.
Total assets reached $3.9 billion.
Bar Harbor Bankshares
Bar Harbor Bankshares
Forward Guidance
The Company expects to grow investor returns while maintaining its culture and commitment to customers, employees and communities throughout this economic cycle.