Welcome to our dedicated page for Bar Harbor Bk news (Ticker: BHB), a resource for investors and traders seeking the latest updates and insights on Bar Harbor Bk stock.
Bar Harbor Bankshares (BHB), a community banking institution serving Northern New England since 1887, maintains this dedicated news hub for stakeholders seeking authoritative updates. This page aggregates official announcements, including quarterly earnings disclosures, strategic partnership details, and leadership developments.
Investors and community members alike will find timely updates on commercial lending initiatives, wealth management service expansions, and local economic impact programs. All content undergoes rigorous verification to ensure alignment with regulatory standards and factual accuracy.
Key updates include dividend declarations, branch network expansions, and innovations in digital banking services. The curated collection serves as both historical record and current awareness tool, particularly valuable for tracking long-term performance trends.
Bookmark this page for streamlined access to BHB's financial communications. Combine regular monitoring with review of annual reports for complete perspective on this institution's community-focused banking approach.
Bar Harbor Bankshares (NYSE American:BHB) reported Q1 2025 results with GAAP net income of $10.2 million ($0.66 per diluted share) and core net income of $10.5 million ($0.68 per diluted share). Key highlights include:
- Signed definitive merger agreement to acquire Woodsville Guaranty Bancorp
- Net interest margin at 3.17%
- 6% growth in wealth management assets under management
- 7% dividend increase to $0.32 per share
Financial metrics show:
- Total assets stable at $4.1 billion
- Total loans at $3.1 billion (3% annualized decrease)
- Total deposits remained flat at $3.3 billion
- Book value per share increased to $30.51 from $30.00 in Q4 2024
The bank maintained strong asset quality with an allowance for credit losses to total loans ratio of 0.92%. Non-interest income reached $8.9 million, with wealth management assets growing 6% to $2.8 billion.
Bar Harbor Bankshares (NYSE American: BHB) has announced a definitive agreement to acquire Guaranty Bancorp, Inc. (OTC: GUAA) in an all-stock transaction valued at $41.6 million. The merger, expected to close in 2H25, will expand BHB's New Hampshire presence, particularly in the Lebanon-Claremont MSA.
The acquisition will add approximately $675 million in assets to BHB's balance sheet, resulting in proforma figures of $4.8 billion in total assets, $3.6 billion in loans, and $3.9 billion in deposits, along with 9 additional branch locations. The combined entity projects cost savings of 40% of Guaranty's operating base by 2026 and expects $41.6 million in interest rate marks on the loan portfolio.
The proforma loan portfolio will maintain similar composition with investor CRE at ~40%, residential loans at 35%, and C&I at 14%. A gross pre-tax credit mark of $4.3 million (1%) is expected, along with a Day 2 CECL adjustment of $4.3 million. While BHB's CET1 ratio will decrease from 11.4% to 10.3% at closing, projected earnings should enable capital rebuilding post-acquisition.
Bar Harbor Bankshares (NYSE MKT:BHB) has announced a definitive merger agreement to acquire Guaranty Bancorp (OTC:GUAA) in an all-stock transaction valued at approximately $41.6 million, or $56.94 per share. The merger will combine two community banks, with Guaranty shareholders receiving 1.85 shares of Bar Harbor common stock for each Guaranty share.
The transaction is expected to be 30% accretive to Bar Harbor's earnings per share. The combined entity will operate under Bar Harbor Bank & Trust name, featuring approximately 60 branches across Maine, New Hampshire, and Vermont, with projected metrics of:
- $4.8 billion in assets
- $3.9 billion in deposits
- $3.2 billion in Assets Under Administration
The merger is targeted for completion in the second half of 2025, subject to regulatory and Guaranty shareholder approvals. Post-merger, Bar Harbor shareholders will own approximately 92% of the combined company, while Guaranty shareholders will hold about 8%.
Bar Harbor Bankshares (NYSE American:BHB) reported Q4 2024 net income of $11.0 million ($0.72 per diluted share), up from $9.9 million ($0.65 per diluted share) in Q4 2023. Key highlights include a 1.09% return on assets, 14% annualized commercial loan growth, and a 3.17% net interest margin.
Total assets grew to $4.1 billion, with commercial loans increasing by $63.9 million (15% annualized). The company maintained strong asset quality with a non-accruing loans ratio of 0.22%. Wealth management showed robust performance with a 9% year-over-year fee income growth, managing $3.3 billion in assets and adding over 130 new clients in 2024.
The Board declared a cash dividend of $0.30 per share, payable on March 20, 2025, representing a 3.92% annualized yield based on the December 31, 2024 closing price of $30.58.
Bar Harbor Bankshares (NYSE American:BHB) reported third quarter 2024 GAAP and core net income of $12.1 million or $0.80 per diluted share, compared to $11.1 million or $0.73 per diluted share in Q3 2023. Key highlights include:
- Return on assets of 1.20%
- Core deposit growth of 18% annualized
- Net interest margin of 3.15%
- Non-accruing loans to total loans ratio of 0.23%
- Wealth management related fee income growth of 17% year over year
The company declared a cash dividend of $0.30 per share, payable on December 13, 2024. Total assets remained steady at $4.0 billion, with consistent loan growth and increased deposits. The allowance for credit losses stood at $29.0 million. Total deposits increased to $3.3 billion, while senior borrowings decreased to $186.2 million.
Bar Harbor Bankshares (NYSE American:BHB) reported Q2 2024 GAAP net income of $10.3 million ($0.67 per diluted share) and core net income of $10.0 million ($0.66 per diluted share). Key highlights include:
- Return on assets of 1.04%
- Commercial loan growth of 14% annualized
- Net interest margin (NIM) of 3.09%
- Non-accruing loans to total loans ratio of 0.20%
- 14% growth in trust and investment fee income
The Board declared a cash dividend of $0.30 per share, payable on September 13, 2024. Total assets grew $75.2 million, primarily due to loan growth and higher cash balances. The company maintained strong credit quality and experienced growth in its wealth management business.
FAQ
What is the current stock price of Bar Harbor Bk (BHB)?
What is the market cap of Bar Harbor Bk (BHB)?
