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.
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.
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