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Bar Harbor Bankshares Inc - BHB STOCK NEWS

Welcome to our dedicated news page for Bar Harbor Bankshares (Ticker: BHB), a resource for investors and traders seeking the latest updates and insights on Bar Harbor Bankshares.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Bar Harbor Bankshares's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Bar Harbor Bankshares's position in the market.

Rhea-AI Summary
Bar Harbor Bankshares (BHB) reported a decrease in net income for the fourth quarter of 2023 compared to the same period in 2022. The company's financial results showed a decline in return on assets, commercial loan growth, and net interest margin. Despite these challenges, the company's President and CEO, Curtis C. Simard, remains optimistic about the future, focusing on relationship-based lending and disciplined credit culture. The company's financial condition remained relatively stable, with total assets and loans remaining consistent, while securities available for sale increased. The company's book value per share and tangible book value per share also showed improvement. In terms of operations, the net interest margin decreased, driven by a higher cost of funds, while non-interest income, provision for credit losses, and non-interest expenses remained relatively stable. Overall, the company's financial performance showed some challenges but also demonstrated resilience in the face of an uncertain rate environment.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.35%
Tags
earnings
-
Rhea-AI Summary
Bar Harbor Bankshares (BHB) declared a quarterly cash dividend of $0.28 per share of common stock, equating to a 3.81% annualized yield. The parent company of Bar Harbor Bank & Trust, founded in 1887, serves the financial needs of clients in Northern New England states.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.82%
Tags
dividends
-
Rhea-AI Summary
Bar Harbor Bankshares reported net income of $11.1 million in Q3 2023, compared to $11.4 million in Q3 2022. The company saw a 10% increase in non-interest bearing deposits and a 0.17% non-performing assets ratio to total assets. The Board of Directors declared a cash dividend of $0.28 per share. Total assets remained flat at $4.0 billion. The company's book value per share was $26.67 and tangible book value per share was $18.45. Net interest margin decreased to 3.18% from 3.47% in Q3 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.32%
Tags
dividends earnings
Rhea-AI Summary
SEI extends strategic partnership with Bar Harbor Bank & Trust, supporting their growth and expanded offering to clients through SEI Wealth Platform and business process outsourcing solution.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.28%
Tags
none
-
Rhea-AI Summary
SEI extends strategic partnership with Bar Harbor Bank & Trust, supporting their growth and expanded offering to clients through SEI Wealth Platform and business process outsourcing solution.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.05%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.05%
Tags
dividends earnings
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.52%
Tags
buyback
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.32%
Tags
dividends earnings
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.56%
Tags
dividends earnings
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.61%
Tags
dividends earnings
Bar Harbor Bankshares Inc

NYSE:BHB

BHB Rankings

BHB Stock Data

393.75M
14.82M
2.65%
55.71%
0.49%
Commercial Banking
Finance and Insurance
Link
United States
Bar Harbor

About BHB

founded in 1887, bar harbor bank & trust is a community bank with 15 branches from lubec to topsham, maine. we offer a full-range of financial services products for families, businesses, non-profit organizations. we have easy-to-understand deposit and loan products, so whether you need some extra cash or a safe place to keep what you have, we can help. the trust services team can help you plan for retirement, protect your estate, and grow your nest egg. non-profit organizations enjoy our high-performance, yet hometown approach to endowment management. the infinex professionals at bar harbor financial services can help you develop a sensible investment approach that matches your unique situation. as a company, we value community service, both to raise funds for worthy causes and to help foster team spirit and a special sense of place in the towns we call home. our employees volunteer hundreds of hours as members of local boards, as coaches of youth teams, and as participants in commu