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) announced a net income of $10.5 million or $0.70 per diluted share for Q2 2022, up from $9.0 million or $0.60 per diluted share in Q2 2021. The bank reported a 1.14% return on assets and 11% annualized loan growth, with a 3.19% net interest margin. Core deposits grew 9% annually. The efficiency ratio improved to 59%, and non-performing assets decreased to 0.21% of total assets. A cash dividend of $0.26 per share was declared, yielding over 4%. The company also initiated a stock repurchase plan for 5% of shares.
Bar Harbor Bankshares (NYSE American:BHB) announced a stock repurchase plan, authorizing the buyback of up to 5% of its outstanding shares, totaling approximately 751,000 shares as of May 31, 2022. The plan, which can last up to 12 months, allows repurchases through various methods at the company's discretion. Key factors influencing buybacks include stock price, securities law restrictions, and the company's financial performance. This move is intended to enhance shareholder value while maintaining flexibility for other capital uses.
Bar Harbor Bankshares (NYSE American: BHB) reported a net income of $9.1 million, or $0.60 per diluted share, for Q1 2022, down from $9.5 million, or $0.63 per share in Q1 2021. Core earnings also decreased from $0.68 to $0.62. Notable highlights include a 21% increase in annualized commercial loan growth and a net interest margin improvement to 2.95%. A dividend of $0.26 per share was declared, yielding 3.63% based on the stock's closing price. Total deposits stood at $3.0 billion, with 500 new accounts opened during the quarter.
Bar Harbor Bankshares (BHB) reported a net income of $9.8 million or $0.65 per diluted share for Q4 2021, an increase compared to $8.6 million or $0.58 per share in Q4 2020. Core earnings per share rose to $0.68 from $0.62. Key highlights include a 13% growth in commercial loans and deposits, alongside a 1.02% return on assets. The net interest margin declined to 2.79%, while a dividend of $0.24 per share was declared, payable on March 17, 2022.
Bar Harbor Bankshares (NYSE American: BHB) reported a significant increase in net income for Q3 2021, reaching $11 million or $0.73 per diluted share, up from $8.4 million or $0.56 per share in Q3 2020. Core earnings also rose to $11 million, reflecting a 20% growth year-over-year. Highlights include a 10% annualized growth in commercial loans and 32% in core deposits. The bank declared a cash dividend of $0.24 per share, payable on December 17, 2021, yielding 3.42%. Total assets reached $3.7 billion, with improving credit quality metrics, indicating strong financial health and operational resilience.
Bar Harbor Bankshares (BHB) reported a 9% increase in net income for Q2 2021, reaching $9.0 million or $0.60 per share, compared to $8.5 million or $0.55 per share in Q2 2020. Core earnings saw a 13% growth, totaling $9.4 million or $0.63 per share. The company declared a cash dividend of $0.24 per share, payable on September 17, 2021. Total assets stood at $3.6 billion, with a notable 14% annualized growth in core deposits. However, loans decreased by $35.5 million due to PPP loan forgiveness and prepayments.
Bar Harbor Bankshares (BHB) announced a 9% increase in its quarterly cash dividend, raising it by $0.02 to $0.24 per share. The dividend is set for shareholders of record by May 18, 2021, with a payment date of June 18, 2021. This increase reflects a 3.26% annualized yield based on a closing stock price of $29.42 at the end of Q1 2021. Bar Harbor Bank & Trust, the company's wholly-owned subsidiary, has been serving Northern New England since 1887.
Bar Harbor Bankshares (NYSE American: BHB) reported a strong fourth quarter 2020 with net income reaching $8.6 million, or $0.58 per share, a significant increase from $4.2 million, or $0.27 per share, in the same period of 2019. Core earnings climbed 11% to $9.2 million, or $0.62 per share, compared to $8.8 million in Q4 2019. Key highlights included 11% annualized growth in commercial loans, a 3.02% net interest margin, and a 0.33% ratio of non-performing assets to total assets. Strategic operational adjustments during the pandemic have positioned the bank for continued growth.
Bar Harbor Bankshares (BHB) declared a quarterly cash dividend of $0.22 per share at its Board meeting on January 19, 2021. The dividend is for shareholders of record as of February 18, 2021, and will be payable on March 18, 2021. This represents an annualized yield of 3.90%, calculated from the closing stock price of $22.59 on December 31, 2020. The company emphasizes its commitment to serving clients in Northern New England for over 130 years.
Bar Harbor Bankshares (NYSE American: BHB) reported a strong third quarter 2020 with a net income of $8.4 million, or $0.56 per share, up from $5.0 million in Q3 2019. Core earnings rose 30% to $9.2 million, or $0.61 per share. Key highlights include 13% annualized growth in commercial loans and a net interest margin increase to 2.98%. Non-interest income grew 32% to $10.1 million. The loan-to-deposit ratio improved to 92%, reflecting solid operational performance and effective risk management amidst the COVID-19 pandemic.
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