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 a robust first quarter of 2023 with net income climbing 43% to $13.0 million or $0.86 per diluted share, compared to $9.1 million or $0.60 in Q1 2022. Key highlights include a return on assets of 1.36% and a net interest margin of 3.54%, up from 2.95% year-over-year. Loan growth reached an impressive 8% annually, contributing to a 27% increase in net interest income. The company declared a cash dividend of $0.28 per share, reflecting a 4.23% annualized yield. Despite challenges in the macroeconomic environment, Bar Harbor Bankshares showed resilience with strong financial metrics and a stable deposit base, positioning itself for long-term growth.
Bar Harbor Bankshares (NYSE American: BHB) reported a 28% increase in fourth-quarter net income, reaching $12.5 million or $0.83 per diluted share, compared to $9.8 million or $0.65 in Q4 2021. For 2022, total net income rose 11% to $43.6 million, or $2.88 per diluted share. Highlights include a 3.76% net interest margin and significant 19% commercial loan growth. Despite a 3% drop in total deposits, the company managed to maintain strong asset quality with a 0.17% non-performing asset ratio. A cash dividend of $0.26 per share was declared, yielding 3.25% at year-end.
Bar Harbor Bankshares (BHB) reported a net income of $11.4 million or $0.76 per diluted share for Q3 2022, up from $11.0 million or $0.73 in Q3 2021. The net interest margin improved to 3.47% from 3.02% year-over-year, while loan growth surged by 18%. The efficiency ratio decreased to 58% from 59%, aided by disciplined expense management. A cash dividend of $0.26 per share was declared, yielding 3.92%.
The bank maintained strong asset quality, with a non-performing assets ratio of 0.20%.
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