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Dec 31, 2024
Bar Harbor Bankshares Q4 2024 Earnings Report
Bar Harbor Bankshares reported Q4 2024 results, with net income increasing compared to the same quarter of the previous year and declared dividend.
Key Takeaways
Bar Harbor Bankshares reported a net income of $11.0 million, or $0.72 per diluted share, for the fourth quarter of 2024, compared to a net income of $9.9 million, or $0.65 per diluted share, for the same quarter in 2023. The company's commercial loan growth was 14% annualized and the net interest margin was 3.17%.
Net income increased to $11.0 million, or $0.72 per diluted share, compared to $9.9 million, or $0.65 per diluted share, in Q4 2023.
Return on assets was 1.09%.
Commercial loan growth reached 14% annualized.
Net interest margin was 3.17%.
Bar Harbor Bankshares
Bar Harbor Bankshares
Forward Guidance
As we enter 2025, we continue to actively manage the balance sheet, investing excess liquidity diligently without compromising our credit or interest rate risk appetites. We are excited about this new year and feel we are well positioned financially, culturally and reputation wise.