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Sep 30, 2022
Bar Harbor Bankshares Q3 2022 Earnings Report
Reported strong third-quarter results with growth in loans, asset quality, and net interest margin.
Key Takeaways
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.
Return on assets was 1.20%, compared to 1.16% in the third quarter of 2021.
Annualized loan growth was 18%.
Annualized core deposit growth was 12%.
Net interest margin was 3.47%, compared to 3.02% in the same quarter of 2021.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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