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Sep 30, 2024
Bar Harbor Bankshares Q3 2024 Earnings Report
Net income increased compared to the same quarter last year.
Key Takeaways
Bar Harbor Bankshares reported a net income of $12.1 million, or $0.80 per diluted share, for the third quarter of 2024, compared to a net income of $11.1 million, or $0.73 per diluted share, for the same quarter in 2023. The company's performance was driven by consistent teamwork and dedication to risk management.
Return on assets was 1.20%.
Core deposit growth reached 18% annualized.
Net interest margin stood at 3.15%.
Wealth management related fee income grew by 17% year over year.
Bar Harbor Bankshares
Bar Harbor Bankshares
Bar Harbor Bankshares Revenue by Segment
Revenue by Segment
Customer service fees Revenue
CapyFin.com Forward Guidance
The company's success will continue to be driven by teamwork, an unwavering culture, and dedication to risk management for the remainder of the year.