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Dec 31, 2020
Bar Harbor Bankshares Q4 2020 Earnings Report
Reported net income of $8.6 million, or $0.58 per share, compared to $4.2 million, or $0.27 per share, in the same quarter of 2019.
Key Takeaways
Bar Harbor Bankshares reported a strong fourth quarter with net income reaching $8.6 million, a notable increase from the $4.2 million reported in the same quarter of the previous year. The increase in earnings was attributed to commercial loan growth and positive trends in credit quality.
Net income increased to $8.6 million, or $0.58 per share.
Core earnings (non-GAAP) increased to $9.2 million, or $0.62 per share.
Commercial loan growth was 11% annualized, excluding PPP loans.
Core deposits increased by $86.4 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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