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Dec 31, 2019
Bar Harbor Bankshares Q4 2019 Earnings Report
Bar Harbor Bankshares reported a decrease in net income but an increase in total revenue for Q4 2019.
Key Takeaways
Bar Harbor Bankshares reported a net income of $4.2 million, or $0.27 per share, for the fourth quarter of 2019, compared to $7.6 million, or $0.49 per share, in the fourth quarter of 2018. Total revenue increased to $31.9 million. The company completed the acquisition of eight branches within Central Maine and closed five branches as part of its strategic review.
Net income was $4.2 million, or $0.27 per share.
Total revenue increased to $31.9 million.
Net interest margin expanded 20 basis points to 2.95%.
Loan to deposit ratio improved to 98%.
Revenue by Segment
Forward Guidance
The Company's efforts these past few quarters have positioned it well for 2020 and will move it towards its stated goals of higher quality earnings and capital growth with continued focus on its customers and relationships which are driving current momentum.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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