Bar Harbor Bankshares (NYSE: BHB) Q2 2026 profit climbs as margin expands

Q: How did Bar Harbor Bankshares (BHB) perform financially in Q2 2026?

Bar Harbor Bankshares reported Q2 2026 net income of $15.2 million , or $0.91 per diluted share . Core earnings were $15.4 million , or $0.92 per diluted share , with a return on assets of 1.31% and return on equity of 11.16% .

Q: What dividend did Bar Harbor Bankshares (BHB) declare for Q2 2026?

The Board declared a quarterly cash dividend of $0.34 per share , payable on September 18, 2026 to shareholders of record on August 20, 2026 . This corresponds to a 3.60% annualized yield based on the $37.76 closing price on June 30, 2026.

Q: How did loans and deposits at Bar Harbor Bankshares (BHB) change by June 30, 2026?

At June 30, 2026, total loans were $3.6 billion , up from $3.2 billion a year earlier, driven mainly by commercial real estate and commercial and industrial growth. Total deposits were $3.9 billion , with a mix shift toward non-interest-bearing demand deposits.

Q: What is Bar Harbor Bankshares’ (BHB) net interest margin and funding cost trend?

For Q2 2026, the fully taxable-equivalent net interest margin was 3.61% , compared with 3.23% in Q2 2025. The cost of interest-bearing deposits declined to 1.88% from 2.28% a year earlier, helping expand net interest income.

Q: How strong is Bar Harbor Bankshares’ (BHB) asset quality and reserve coverage?

At June 30, 2026, non-performing assets were $20.9 million , or 0.44% of total assets . The allowance for credit losses on loans was $32.2 million , covering 0.89% of total loans , after a $3.3 million partial charge-off on a previously non-accruing relationship.

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Bar Harbor Bankshares reported strong second quarter 2026 results, with GAAP net income of $15.2 million, or $0.91 per diluted share, and core earnings of $15.4 million, or $0.92 per diluted share, up from $0.81 GAAP and $0.88 core in the first quarter. Profitability metrics improved, as return on assets reached 1.31% and return on equity 11.16%, while the fully taxable-equivalent net interest margin rose to 3.61%, supported by higher earning-asset yields and lower interest-bearing deposit costs. Non-interest income increased to $11.7 million, helped by higher customer fees, trust income, bank-owned life insurance income, and a much smaller securities loss than a year earlier.

Total assets were $4.7 billion at June 30, 2026. Total loans grew to $3.6 billion, driven by commercial real estate and commercial and industrial lending, while deposits were stable at $3.9 billion with a shift toward non-interest-bearing demand balances. The allowance for credit losses on loans was $32.2 million, or 0.89% of total loans, after a $3.3 million partial charge-off on a previously non-accruing relationship that moved into other real estate owned; non-performing assets were 0.44% of total assets. Book value per share increased to $32.80 and tangible book value per share to $23.43. The Board declared a $0.34 quarterly cash dividend, representing a 3.60% annualized yield based on the June 30, 2026 closing share price of $37.76.

Positive

Net income and EPS significantly higher year over year, with Q2 2026 GAAP net income at $15.2 million and diluted EPS at $0.91 versus $6.1 million and $0.40 in Q2 2025, alongside stronger ROA of 1.31% and ROE of 11.16%.
Margin and funding costs improved, as the fully taxable-equivalent net interest margin increased to 3.61% from 3.23% a year earlier and the cost of interest-bearing deposits declined to 1.88% from 2.28%.
Capital and book value strengthened, with total shareholders’ equity at $550 million, book value per share at $32.80, and tangible book value per share at $23.43 at June 30, 2026.

Negative

None.

Filing Explained

At June 30, Bar Harbor Bankshares reported $104.4 million of cash and cash equivalents, up from $82.2 million at March 31.

8-K Event Classification

3 items: 2.02, 7.01, 9.01

3 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Net income: $15.221 million Diluted EPS: $0.91 Core diluted EPS: $0.92 +5 more

8 metrics

Net income $15.221 million Three months ended June 30, 2026

Diluted EPS $0.91 Three months ended June 30, 2026

Core diluted EPS $0.92 Three months ended June 30, 2026

Net interest margin (FTE) 3.61% Quarter ended June 30, 2026

Total assets 4,743 million As of June 30, 2026

Total loans 3,614 million As of June 30, 2026

Total deposits 3,854 million As of June 30, 2026

Quarterly dividend per share $0.34 Declared for shareholders of record August 20, 2026

Key Terms

core earnings, net interest margin, allowance for credit losses, non-performing assets, +2 more

6 terms

core earnings financial

"core earnings (Non-GAAP) of $15.4 million, or $0.92 per diluted share"

Core earnings are the profit a business generates from its normal, ongoing operations after removing one-time gains or losses and unusual accounting adjustments; think of it as the recurring paycheck a household can expect each month rather than a one-off inheritance or sale. Investors care because it highlights the company’s sustainable cash-making ability and makes performance easier to compare across periods and with other firms.

net interest margin financial

"Net interest margin, fully taxable equivalent (1) (3) | | | 3.61"

Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.

allowance for credit losses financial

"The allowance for credit losses (“ACL”) on loans was $32.2 million"

Allowance for credit losses is a reserve set aside by a financial institution to cover potential losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution prepare for loans that might turn sour. For investors, it signals how cautious the institution is about the quality of its loans and potential risks to its financial health.

non-performing assets financial

"Total non-performing assets | | $ | 20,917"

Loans or other credit exposures that are not producing expected income because borrowers have stopped making scheduled payments for a significant period (commonly around 90 days). Think of it like a business lending money that has gone quiet — the cash flow stops while the lender still carries the debt on its books. High levels of non-performing assets matter to investors because they reduce a lender’s earnings, tie up capital that could be used for growth, and signal higher risk of future losses.

tangible book value financial

"Tangible book value per share (1) | | | 23.43"

Tangible book value is the accounting measure of a company’s net worth after removing intangible items like goodwill, patents and trademarks, leaving only physical and financial assets minus liabilities. For investors it offers a clearer view of the company’s hard-asset backing per share—like estimating the cash you could get by selling the furniture, machinery and cash in a house—helping gauge downside risk and whether a stock may be cheaply valued.

efficiency ratio financial

"Efficiency ratio (1) | | | 55.76"

A measure of how much a company spends to produce each dollar of revenue, usually shown as operating expenses divided by revenue and expressed as a percentage. Think of it as a household’s budget: a lower percentage means more of each dollar earned stays as profit, while a higher number means costs are eating into returns. Investors use it to judge cost control and compare how efficiently companies turn revenue into earnings, especially in banks and financial firms.

Earnings Snapshot

GAAP net income: $15.2 million

Quarter ended June 30, 2026

GAAP net income $15.2 million vs $6.1 million in Q2 2025 and $13.5 million in Q1 2026

Diluted EPS $0.91 vs $0.40 a year earlier and $0.81 in Q1 2026

Core diluted EPS $0.92 vs $0.70 in Q2 2025 and $0.88 in Q1 2026

Net interest margin (FTE) 3.61% vs 3.23% in Q2 2025

Non-interest income $11.7 million vs $4.6 million in Q2 2025, driven by higher fees and a smaller securities loss

Quarterly dividend per share $0.34 equates to a 3.60% annualized yield based on the $37.76 June 30, 2026 share price

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/21/2026 - 04:18 PM Accepted by SEC EDGAR 07/21/2026 - 04:17 PM

FAQ

How did Bar Harbor Bankshares (BHB) perform financially in Q2 2026?

Bar Harbor Bankshares reported Q2 2026 net income of $15.2 million, or $0.91 per diluted share. Core earnings were $15.4 million, or $0.92 per diluted share, with a return on assets of 1.31% and return on equity of 11.16%.

What dividend did Bar Harbor Bankshares (BHB) declare for Q2 2026?

The Board declared a quarterly cash dividend of $0.34 per share, payable on September 18, 2026 to shareholders of record on August 20, 2026. This corresponds to a 3.60% annualized yield based on the $37.76 closing price on June 30, 2026.

How did loans and deposits at Bar Harbor Bankshares (BHB) change by June 30, 2026?

At June 30, 2026, total loans were $3.6 billion, up from $3.2 billion a year earlier, driven mainly by commercial real estate and commercial and industrial growth. Total deposits were $3.9 billion, with a mix shift toward non-interest-bearing demand deposits.

What is Bar Harbor Bankshares’ (BHB) net interest margin and funding cost trend?

For Q2 2026, the fully taxable-equivalent net interest margin was 3.61%, compared with 3.23% in Q2 2025. The cost of interest-bearing deposits declined to 1.88% from 2.28% a year earlier, helping expand net interest income.

How strong is Bar Harbor Bankshares’ (BHB) asset quality and reserve coverage?

At June 30, 2026, non-performing assets were $20.9 million, or 0.44% of total assets. The allowance for credit losses on loans was $32.2 million, covering 0.89% of total loans, after a $3.3 million partial charge-off on a previously non-accruing relationship.

What impact did the Woodsville acquisition have on Bar Harbor Bankshares (BHB)?

Management noted that the Woodsville Guaranty Savings Bank acquisition contributed to higher loan and securities balances, including $413.4 million in acquired loans and $115.6 million in acquired investments. The company stated it has essentially earned back the prior dilution within a year.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): July 21, 2026

BAR HARBOR BANKSHARES

(Exact Name of Registrant as Specified in its Charter)


Maine	001-13349	01-0393663
(State or Other Jurisdiction of Incorporation)	(Commission File No.)	(I.R.S. Employer Identification No.)

PO Box 400		04609-0400
82 Main Street		(Zip Code)
Bar Harbor, Maine
(Address of Principal Executive Offices)

Registrant’s telephone number, including area code: (207) 288-3314

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act


Title of each class	Trading Symbol	Name of each exchange on which registered
Common Stock, par value $2.00 per share	BHB	NYSE American

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On July 21, 2026, Bar Harbor Bankshares issued a press release reporting its financial results for the quarter ended June 30, 2026, the full text of which is furnished as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.

Item 7.01 Regulation FD Disclosure.

On July 21, 2026, Bar Harbor Bankshares announced that its Board of Directors declared a quarterly cash dividend of $0.34 per share to shareholders of record at the close of business on August 20, 2026 and payable on September 18, 2026.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.


Exhibit No.		Description

99.1		Press Release dated July 21, 2026
104		Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.


	Bar Harbor Bankshares

July 21, 2026	By:	/s/ Curtis C. Simard
		Curtis C. Simard
		President and CEO

Exhibit 99.1

Bar Harbor Bankshares Reports Second Quarter 2026 Results; Declares Dividend

BAR HARBOR, MAINE – July 21, 2026 - Bar Harbor Bankshares (NYSE American: BHB) (the “Company”) reported second quarter 2026 GAAP net income of $15.2 million, or $0.91 per diluted share, and core earnings (Non-GAAP) of $15.4 million, or $0.92 per diluted share, compared to GAAP net income of $13.5 million, or $0.81 per diluted share, and core earnings (Non-GAAP) of $14.7 million, or $0.88 per diluted share, in the first quarter of 2026.

SECOND QUARTER 2026 HIGHLIGHTS (all comparisons to first quarter 2026, unless otherwise noted)

•

Net interest margin of 3.61%, compared to 3.54%

•

1.31% return on assets; 1.33% core return on assets (Non-GAAP)

•

11.16% return on equity; 11.30% core return on equity (Non-GAAP)

•

55.76% efficiency ratio (Non-GAAP), compared to 56.92%

Bar Harbor Bankshares’ President and Chief Executive Officer, Curtis C. Simard, stated, “During the quarter we affirmed our commitment to consistently delivering strong financial results and long-term shareholder value while remaining dedicated to our customers. This commitment is clear not only in our results, but has also gained us recognition by Forbes Magazine as one of America’s “Best-in-State Banks” for the fifth consecutive year. We continue to grow capital organically and have essentially earned back our dilution from our acquisition last year within a year. Halfway through 2026, we are proud of what we have accomplished so far and are well-positioned for what’s ahead.”

DIVIDEND DECLARED

The Board of Directors of the Company voted to declare a cash dividend of $0.34 per share to shareholders of record at the close of business on August 20, 2026, payable on September 18, 2026. The dividend equates to a 3.60% annualized yield based on the $37.76 closing share price of the Company’s common stock on June 30, 2026, the last trading day of the second quarter 2026.

FINANCIAL CONDITION (Quarter results for June 30, 2026 compared to March 31, 2026)

Total assets increased slightly to $4.7 billion at the end of the second quarter 2026, the 1% increase was primarily due to loan growth as well as increased interest-earning deposits with other banks.

Total cash and cash equivalents were $104.4 million at the end of the second quarter 2026, compared to $82.2 million at the end of the first quarter 2026. Interest-earning deposits with other banks increased to $58.1 million at the end of the second quarter 2026, compared to $46.6 million at the end of the first quarter 2026. While end of quarter balances were higher due to timing, averages remained consistent with a yield of 3.92% and 3.90%, respectively.

Available-for-sale debt securities were $601.8 million compared to $598.0 million at the end of the first quarter 2026. Portfolio unrealized losses were $45.0 million at quarter-end compared to $45.7 million at the end of the first quarter 2026. During the quarter there were purchases of $27.4 million, paydowns and calls of $21.0 million and net accretion of $429 thousand. The quarter-to-date weighted average yield of the securities portfolio was 4.06% compared to 4.05% at the end of the first quarter 2026. As of the second quarter 2026 and the first quarter 2026, our securities portfolio had an average life of 7.2 years and 7.6 years respectively, with an effective duration of 5.2 years and 5.4 years, respectively. At the end of the second quarter 2026, all securities remain classified as available for sale.

Federal Home Loan Bank stock increased $3.8 million to $13.4 million at the end of the second quarter 2026 compared to $9.6 million at the end of the first quarter 2026, primarily driven by the increase in wholesale borrowings.

Total loans increased $28.9 million to $3.6 billion in the second quarter 2026 compared to the first quarter 2026 driven primarily by an increase in commercial real estate loans. Commercial real estate loans increased $20.3 million driven by $59.0 million in originations during the quarter, partially offset by $18.3 million in loans that matured and paid off during the quarter. Commercial and industrial loans increased $15.7 million and included $33.4 million of originations during the quarter. Residential real estate loans decreased $10.4

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million during the quarter due to $29.1 million in payoffs and $11.0 million in paydowns, partially offset by $29.7 million in originations. Loans held for sale were $10.2 million in the second quarter 2026 compared to $11.5 million in the first quarter 2026 as we originated $24.9 million in loans held for sale and sold $26.2 million in loans during the quarter.

The allowance for credit losses (“ACL”) on loans was $32.2 million at the end of the second quarter 2026, compared to $34.3 million at the end of the first quarter 2026. The change in the allowance was primarily driven by a $3.3 million partial charge-off related to a previously non-accruing relationship that was moved into other real estate owned and that carried significant specific reserves at the end of the first quarter 2026.

Premises and equipment increased in the second quarter 2026 to $61.2 million compared to $58.9 million at the end of the first quarter 2026, driven by on-going renovation projects.

Bank owned life insurance decreased $1.1 million primarily reflecting the recognition of a death benefit during the quarter.

Total deposits remained consistent at $3.9 billion at the end of the second quarter 2026. During the quarter we witnessed a shift in our deposit mix from interest-bearing accounts to non-interest bearing demand deposits. Non-interest bearing demand deposits increased $26.8 million driven by 1,893 new account openings. Interest-bearing deposits decreased across all categories primarily driven by seasonality and tax payments.

Total borrowings increased $65.5 million in the second quarter 2026 to $281.2 million compared to $215.7 million in the first quarter 2026. The increase was driven by higher wholesale borrowings to fund loan originations.

The Company's book value per share was $32.80 at the end of the second quarter 2026 compared to $32.13 at the end of the first quarter 2026. Tangible book value per share (non-GAAP) was $23.43 at the end of the second quarter 2026, compared to $22.71 at the end of the first quarter 2026.

RESULTS OF OPERATIONS (Quarter results for June 30, 2026 compared to June 30, 2025)

The net interest margin was 3.61% in the second quarter 2026 compared to 3.23% in the same quarter 2025. As loan balances grew year-over-year the yield on loans expanded 4 basis points to 5.52% compared to 5.48% in the same period of 2025. Interest-bearing deposit costs decreased year-over-year to 1.88% compared to 2.28% in the same period of 2025.

Total interest and dividend income increased by 15% or $7.2 million to $55.9 million in the second quarter 2026 compared to $48.7 million in the second quarter 2025. Yields on earning assets grew to 5.29% in the second quarter 2026 compared to 5.23% in the second quarter 2025. The increase is driven by the securities yield expansion of 20 basis points to 4.06% in the second quarter 2026 compared to 3.86% in the same period of 2025. The increase is primarily due to $115.6 million in acquired investments from the acquisition of Woodsville Guaranty Savings Bank (“Woodsville”). The loan yield increased in part due to the acquisition of $413.4 million in loans from Woodsville but also includes $48.1 million in organic growth. Residential loan yield expansion was the primary driver as the yield increased to 4.62% for the second quarter 2026 from 4.14% in the second quarter of 2025. Total loan yield growth was partially offset by a decrease in the commercial and industrial yield to 6.17% for the second quarter 2026 from 6.41% in the second quarter 2025 driven by the decrease in rates of adjustable-rate loans.

Total interest expense decreased $806 thousand in the second quarter 2026 compared to the second quarter 2025. Deposit costs were down $873 thousand year-over-year as the cost of interest-bearing deposits decreased to 1.88% in the second quarter 2026 from 2.28% in the same period of 2025. Borrowing costs increased $67 thousand, or 2% year-over-year, driven by the subordinated debt acquired from Woodsville.

The provision for credit losses on loans in the second quarter 2026 was $1.3 million compared to $528 thousand in the same period of 2025. The allowance for credit losses to total loans coverage ratio for the second quarter 2026 remains well-funded and was 0.89% compared to 0.96% in the first quarter of 2026 and 0.92% in the second quarter of 2025.

Non-interest income increased $7.1 million in the second quarter 2026 to $11.7 million compared to $4.6 million in the same quarter 2025. The increase was primarily driven by increases in customer service fees in the second quarter 2026 compared to the same period of 2025 and a loss on sales of securities of $25 thousand compared to $4.9 million for the same period of 2025. Trust management fee income increased $314 thousand driven by the 12%, or $330.0 million, increase in assets under management compared to the same period of 2025. Bank owned life insurance income increased $815 thousand in the second quarter of 2026 compared to the second quarter of 2025 primarily due to a death benefit during the quarter.

Non-interest expenses increased $2.7 million to $29.2 million in the second quarter 2026 compared to $26.5 million in the second quarter 2025. The increase was driven by higher salaries and employee benefits costs of $16.8 million in the second quarter 2026 compared to

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$14.3 million in the second quarter 2025 as full-time equivalents increased to 530 from 455 as of June 30, 2025. Occupancy and equipment increased $746 thousand driven primarily by higher maintenance contract costs from the acquisition of Woodsville. Amortization of intangible assets increased $349 thousand, reflecting incremental amortization associated with the Woodsville acquisition. Acquisition, conversion and other expenses decreased $1.2 million from the second quarter of 2025 as expenses related to the acquisition neared completion. Other expenses increased $896 thousand for the second quarter 2026 compared to the second quarter 2025 primarily due to expenses related to other real estate owned.

Income tax expense was $4.0 million for the second quarter 2026 compared to $1.4 million for the second quarter of 2025. Our GAAP effective tax rate for the second quarter 2026 was 20.8% and 18.5% in the second quarter 2025.

BACKGROUND

Bar Harbor Bankshares (NYSE American: BHB) is the parent company of its wholly-owned subsidiary, Bar Harbor Bank & Trust. Founded in 1887, Bar Harbor Bank & Trust is a true community bank serving the financial needs of its clients for over 135 years. Bar Harbor Bank & Trust provides full-service community banking with office locations in all three Northern New England states of Maine, New Hampshire and Vermont. For more information, visit www.barharbor.bank.

FORWARD-LOOKING STATEMENTS

All statements, other than statements of historical fact, included in this release that address activities, events, or developments that the Company expects, believes, or anticipates will or may occur in the future are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. When used in this release the words “believe,” “anticipate,” “expect,” “may,” “will,” “assume,” “should,” “predict,” “could,” “would,” “intend,” “targets,” “estimates,” “projects,” “plans,” and “potential,” and other similar words and expressions of the future, are intended to identify such forward-looking statements, but other statements not based on historical information may also be considered forward-looking, including statements relating to Company’s balance sheet management, our credit trends, our overall credit performance, and the Company’s strategic plans, objectives, and intentions. All forward-looking statements are subject to risks, uncertainties, and other factors that may cause the actual results, performance, or achievements of the Company to differ materially from any results, performance, or achievements expressed or implied by such forward-looking statements. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause the actual results to differ materially from the statements, including, but not limited to: (1) changes in general business and economic conditions on a national basis and in our markets throughout Northern New England; (2) changes in consumer behavior due to political, business, and economic conditions, including ongoing armed conflicts, inflation, future United States government shutdowns, and concerns about liquidity; (3) the possibility that our asset quality could decline or that we experience greater loan losses than anticipated; (4) the impact of liquidity needs on our results of operations and financial condition; (5) changes in the size and nature of our competition; (6) the effect of interest rate increases on the cost of deposits; (7) unanticipated weakness in loan demand, pricing, or collectability; (8) the possibility that future credit losses are higher than currently expected due to changes in economic assumptions or adverse economic developments; (9) operational risks including, but not limited to, changes in information technology, cybersecurity incidents, fraud, natural disasters, climate change, war, terrorism, civil unrest, and future pandemics; (10) lack of strategic growth opportunities or our failure to execute on available opportunities, (11) our ability to effectively manage problem credits; (12) our ability to successfully develop new products and implement efficiency initiatives on time and with the results projected; (13) our ability to retain executive officers and key employees and their customer and community relationships; (14) regulatory, litigation, and reputational risks and the applicability of insurance coverage; (15) changes in the reliability of our vendors, internal control systems, or information systems; (16) changes in legislation or regulation and accounting principles, policies, and guidelines; (17) reductions in the market value or outflows of wealth management assets under management; (18) the impacts of tariffs, sanctions, and other trade policies of the United States and its global trading counterparts; and (19) changes in the assumptions used in making such forward-looking statements. Additional factors which could affect the forward-looking statements can be found in the Company’s annual report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) and available on the SEC’s website at http://www.sec.gov. The Company believes the forward-looking statements contained herein are reasonable; however, many of such risks, uncertainties, and other factors are beyond the Company’s ability to control or predict and undue reliance should not be placed on any forward-looking statements, which are based on current expectations and speak only as of the date that they are made. Therefore, the Company can give no assurance that its future results will be as estimated. The Company does not intend to, and disclaims any obligation to, update or revise any forward-looking statement.

NON-GAAP FINANCIAL MEASURES

This document contains certain non-GAAP financial measures in addition to results presented in accordance with accounting principles generally accepted in the United States of America (“GAAP”). These non-GAAP measures are intended to provide the reader with additional supplemental perspectives on operating results, performance trends, and financial condition. Non-GAAP financial measures are not a substitute for GAAP measures; they should be read and used in conjunction with the Company's GAAP financial information.

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Because non-GAAP financial measures presented in this document are not measurements determined in accordance with GAAP and are susceptible to varying calculations, these non-GAAP financial measures, as presented, may not be comparable to other similarly titled measures presented by other companies. A reconciliation of non-GAAP financial measures to GAAP measures is provided below. In all cases, it should be understood that non-GAAP measures do not depict amounts that accrue directly to the benefit of shareholders. An item which management excludes when computing non-GAAP core earnings can be of substantial importance to the Company's results for any particular quarter or year. Each non-GAAP measure used by the Company in this report as supplemental financial data should be considered in conjunction with the Company's GAAP financial information.

The Company utilizes the non-GAAP measure of core earnings in evaluating operating trends, including components for core revenue and expense. These measures exclude amounts which the Company views as unrelated to its normalized operations, including gains/losses on securities, premises, equipment and other real estate owned, acquisition costs, restructuring costs, legal settlements, and systems conversion costs. Non-GAAP adjustments are presented net of an adjustment for income tax expense.

The Company also calculates core earnings per share based on its measure of core earnings. The Company views these amounts as important to understanding its operating trends, particularly due to the impact of accounting standards related to acquisition activity. Analysts also rely on these measures in estimating and evaluating the Company's performance. Management also believes that the computation of non-GAAP core earnings and core earnings per share may facilitate the comparison of the Company to other companies in the financial services industry. The Company also adjusts certain equity related measures to exclude intangible assets due to the importance of these measures to the investment community.

###

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CONTACTS

Josephine Iannelli; EVP, Chief Financial Officer & Treasurer; (207) 288-3314


TABLE
INDEX	CONSOLIDATED FINANCIAL SCHEDULES (UNAUDITED)


A	Selected Financial Highlights
B	Balance Sheets
C	Loan and Deposit Analysis
D	Statements of Income
E	Statements of Income (Five Quarter Trend)
F	Average Yields and Costs
G	Average Balances
H	Asset Quality Analysis
I-J	Reconciliation of Non-GAAP Financial Measures (Five Quarter Trend) and Supplementary Data

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BAR HARBOR BANKSHARES

SELECTED FINANCIAL HIGHLIGHTS - UNAUDITED


		At or for the Quarters Ended
		Jun 30,				Mar 31,			Dec 31,			Sept 30,			Jun 30,
		2026				2026			2025			2025			2025
PER SHARE DATA
Net earnings, diluted		$	0.91		$	0.81		$	0.70		$	0.54		$	0.40
Core earnings, diluted ⁽¹⁾			0.92			0.88			0.93			0.95			0.70
Total book value			32.80			32.13			31.88			31.22			30.60
Tangible book value ⁽¹⁾			23.43			22.71			22.41			21.70			22.58
Market price at period end			37.76			32.45			31.05			30.46			29.96
Dividends			0.34			0.32			0.32			0.32			0.32

PERFORMANCE RATIOS ⁽²⁾
Return on assets			1.31	%		1.18	%		1.00	%		0.78	%		0.60	%
Core return on assets ⁽¹⁾			1.33			1.28			1.32			1.35			1.06
Pre-tax, pre-provision return on assets⁽¹⁾			1.76			1.52			1.29			1.30			0.79
Core pre-tax, pre-provision return on assets⁽¹⁾			1.79			1.65			1.71			1.71			1.39
Return on equity			11.16			10.13			8.76			6.99			5.21
Core return on equity ⁽¹⁾			11.30			11.03			11.55			12.16			9.19
Return on tangible equity⁽¹⁾			16.11			14.77			12.94			10.07			7.26
Core return on tangible equity ⁽¹⁾			16.31			16.03			16.91			17.23			12.66
Net interest margin, fully taxable equivalent ^{(1) (3)}			3.61			3.54			3.62			3.56			3.23
Efficiency ratio ⁽¹⁾			55.76			56.92			57.24			56.70			62.10

FINANCIAL DATA (In millions)
Total assets		$	4,743		$	4,676		$	4,684		$	4,717		$	4,112
Total earning assets ⁽⁴⁾			4,343			4,297			4,297			4,336			3,789
Total available-for-sale debt securities			602			598			597			598			529
Total loans			3,614			3,585			3,606			3,584			3,153
Allowance for credit losses			32			34			34			34			29
Total goodwill and intangible assets			157			158			158			159			123
Total deposits			3,854			3,868			3,821			3,948			3,292
Total shareholders' equity			550			538			533			521			469
Net income			15			14			12			9			6
Core earnings⁽¹⁾			15			15			16			15			11

ASSET QUALITY AND CONDITION RATIOS
Net charge-offs (recoveries)⁽⁵⁾/average loans			0.38	%		—	%		0.03	%		0.04	%		0.03	%
Allowance for credit losses on loans/total loans			0.89			0.96			0.94			0.95			0.92
Loans/deposits			94			93			94			91			96
Shareholders' equity to total assets			11.59			11.50			11.37			11.04			11.40
Tangible shareholders' equity to tangible assets			8.56			8.42			8.27			7.94			8.67

(1)	Non-GAAP financial measure. Refer to the Reconciliation of Non-GAAP Financial Measures in tables I-J for additional information.

(2)	All performance ratios are based on average balance sheet amounts, where applicable.

(3)	Fully taxable equivalent considers the impact of tax-advantaged investment securities and loans.

(4)	Earning assets includes non-accruing loans and interest-bearing deposits with other banks. Securities are valued at amortized cost.

(5)	Current quarter annualized.

BAR HARBOR BANKSHARES

CONSOLIDATED BALANCE SHEETS - UNAUDITED


		Jun 30,			Mar 31,			Dec 31,			Sept 30,			Jun 30,
(in thousands)		2026			2026			2025			2025			2025
Assets
Cash and due from banks		$	46,270		$	35,595		$	44,947		$	42,743		$	50,948
Interest-earning deposits with other banks			58,118			46,620			35,890			93,971			36,087
Total cash and cash equivalents			104,388			82,215			80,837			136,714			87,035

Available-for-sale debt securities			601,772			597,977			597,424			597,810			528,690

Federal Home Loan Bank stock			13,423			9,567			11,308			8,560			12,695

Loans held for sale			10,203			11,534			5,283			5,545			2,829

Total loans			3,614,180			3,585,248			3,605,859			3,583,716			3,152,664
Less: Allowance for credit losses on loans			(32,231)			(34,315)			(34,052)			(33,940)			(28,885)
Net loans			3,581,949			3,550,933			3,571,807			3,549,776			3,123,779

Premises and equipment, net			61,170			58,914			58,188			58,828			52,647
Other real estate owned			8,170			—			—			—			—
Goodwill			141,819			141,819			141,819			141,819			119,477
Other intangible assets			15,242			15,824			16,407			16,989			3,472
Cash surrender value of bank-owned life insurance			88,728			89,817			96,250			95,554			83,074
Deferred tax asset, net			28,859			30,298			29,926			31,721			23,290
Other assets			86,779			87,330			74,642			73,936			75,017
Total assets		$	4,742,502		$	4,676,228		$	4,683,891		$	4,717,252		$	4,112,005

Liabilities and shareholders' equity
Non-interest bearing demand		$	678,081		$	651,282		$	670,786		$	692,780		$	552,074
Interest-bearing demand			1,141,043			1,152,888			1,137,730			1,137,362			931,854
Savings			635,316			649,302			635,329			647,428			542,579
Money market			481,815			493,432			464,843			488,633			370,709
Time			917,694			920,811			912,594			981,993			894,772
Total deposits			3,853,949			3,867,715			3,821,282			3,948,196			3,291,988

Senior borrowings			227,541			162,297			216,818			139,956			256,441
Subordinated borrowings			53,620			53,420			52,825			52,229			40,620
Total borrowings			281,161			215,717			269,643			192,185			297,061

Other liabilities			57,840			54,859			60,425			55,916			54,096
Total liabilities			4,192,950			4,138,291			4,151,350			4,196,297			3,643,145

Total shareholders’ equity			549,552			537,937			532,541			520,955			468,860
Total liabilities and shareholders’ equity		$	4,742,502		$	4,676,228		$	4,683,891		$	4,717,252		$	4,112,005

Net shares outstanding			16,754			16,742			16,702			16,689			15,322

BAR HARBOR BANKSHARES

CONSOLIDATED LOAN & DEPOSIT ANALYSIS - UNAUDITED

LOAN ANALYSIS


																		Organic Annualized
																		Growth %
		Jun 30,		Mar 31,			Dec 31,		Sept 30,			Acquired WGSB			Jun 30,			Quarter		Year
(in thousands)		2026		2026			2025		2025			Balances⁽¹⁾			2025			to Date		to Date
Commercial real estate		$	1,988,695	$	1,968,403		$	1,998,603	$	1,942,659		$	117,832		$	1,767,206		4		(1)	%
Commercial and industrial			433,371		417,657			393,851		405,759			25,651			400,908		15		20
Total commercial loans			2,422,066		2,386,060			2,392,454		2,348,418			143,483			2,168,114		6		2

Residential real estate			983,274		993,636			1,001,769		1,025,266			248,484			796,184		(4)		(4)
Consumer			132,570		127,681			128,029		126,345			16,215			111,036		15		7
Tax exempt and other			76,270		77,871			83,607		83,687			5,226			77,330		(8)		(18)
Total loans		$	3,614,180	$	3,585,248		$	3,605,859	$	3,583,716		$	413,408		$	3,152,664		3	%	—	%

1.	Acquired Woodsville Guaranty Savings Bank (WGSB) Balances are as of August 1, 2025.

DEPOSIT ANALYSIS


																		Organic Annualized
																		Growth %
		Jun 30,		Mar 31,			Dec 31,		Sept 30,			Acquired WGSB			Jun 30,			Quarter		Year
(in thousands)		2026		2026			2025		2025			Balances⁽¹⁾			2025			to Date		to Date
Non-interest bearing demand		$	678,081	$	651,282		$	670,786	$	692,780		$	89,274		$	552,074		16	%	2	%
Interest-bearing demand			1,141,043		1,152,888			1,137,730		1,137,362			185,802			931,854		(4)		1
Savings			635,316		649,302			635,329		647,428			104,792			542,579		(9)		—
Money market			481,815		493,432			464,843		488,633			52,470			370,709		(9)		7
Total non-maturity deposits			2,936,255		2,946,904			2,908,688		2,966,203			432,338			2,397,216		(1)		2
Time			917,694		920,811			912,594		981,993			98,951			894,772		(1)		1
Total deposits		$	3,853,949	$	3,867,715		$	3,821,282	$	3,948,196		$	531,289		$	3,291,988		(1)	%	2	%

1.	Acquired Woodsville Guaranty Savings Bank (WGSB) Balances are as of August 1, 2025.

BAR HARBOR BANKSHARES

CONSOLIDATED STATEMENTS OF INCOME – UNAUDITED


		Three Months Ended						Six Months Ended
		June 30,						June 30,
(in thousands, except per share data)		2026			2025			2026			2025
Interest and dividend income
Loans		$	49,151		$	42,726		$	97,809		$	84,530
Securities available for sale			6,319			5,474			12,523			10,757
Federal Home Loan Bank stock			183			212			338			349
Interest-earning deposits with other banks			253			276			486			590
Total interest and dividend income			55,906			48,688			111,156			96,226
Interest expense
Deposits			14,638			15,511			29,527			31,023
Borrowings			3,349			3,282			6,838			6,301
Total interest expense			17,987			18,793			36,365			37,324
Net interest income			37,919			29,895			74,791			58,902
Provision for credit losses on available-for-sale debt securities			—			—			—			636
Provision for credit losses on loans			1,250			528			1,555			471
Net interest income after provision for credit losses			36,669			29,367			73,236			57,795
Non-interest income
Trust and investment management fee income			4,577			4,263			8,692			8,179
Customer service fees			4,715			3,589			8,817			7,114
(Loss) gain on available-for-sale debt securities, net			(25)			(4,942)			(1,033)			(4,942)
Mortgage banking income			741			605			1,423			1,061
Bank-owned life insurance income			1,417			602			3,404			1,216
Customer derivative income			76			104			405			316
Other income			231			425			438			620
Total non-interest income			11,732			4,646			22,146			13,564
Non-interest expense
Salaries and employee benefits			16,833			14,274			32,606			28,007
Occupancy and equipment			4,292			3,546			8,328			6,871
Depreciation			1,088			1,023			2,222			2,072
Loss (gain) on premises and equipment, net			—			3			134			93
Outside services			528			457			992			939
Professional services			388			514			737			1,106
Communication			211			194			459			360
Marketing			570			682			1,175			1,200
Amortization of intangible assets			582			233			1,164			466
FDIC assessment			537			464			1,114			920
Acquisition, conversion and other expenses			(36)			1,205			1,419			1,444
Provision for unfunded commitments			(650)			—			(876)			(74)
Other expenses			4,839			3,943			9,535			7,785
Total non-interest expense			29,182			26,538			59,009			51,189
Income before income taxes			19,219			7,475			36,373			20,170
Income tax expense			3,998			1,383			7,615			3,867
Net income		$	15,221		$	6,092		$	28,758		$	16,303
Earnings per share:
Basic		$	0.91		$	0.40		$	1.72		$	1.06
Diluted			0.91			0.40			1.71			1.06
Weighted average shares outstanding:
Basic			16,751			15,321			16,740			15,312
Diluted			16,808			15,372			16,806			15,382

BAR HARBOR BANKSHARES

CONSOLIDATED STATEMENTS OF INCOME (5 Quarter Trend) - UNAUDITED


		Jun 30,			Mar 31,			Dec 31,			Sept 30,			Jun 30,
(in thousands, except per share data)		2026			2026			2025			2025			2025
Interest and dividend income
Loans		$	49,151		$	48,658		$	50,164		$	48,426		$	42,726
Securities and other			6,319			6,204			6,327			6,355			5,474
Federal Home Loan Bank stock			183			155			235			217			212
Interest-earning deposits with other banks			253			233			645			924			276
Total interest and dividend income			55,906			55,250			57,371			55,922			48,688
Interest expense
Deposits			14,638			14,889			16,083			16,419			15,511
Borrowings			3,349			3,489			2,671			2,544			3,282
Total interest expense			17,987			18,378			18,754			18,963			18,793
Net interest income			37,919			36,872			38,617			36,959			29,895
Provision for credit losses on available-for-sale debt securities			—			—			—			—			—
Provision (benefit) for credit losses on loans			1,250			305			416			3,749			528
Net interest income after provision for credit losses			36,669			36,567			38,201			33,210			29,367
Non-interest income
Trust and investment management fee income			4,577			4,115			3,984			3,903			4,263
Customer service fees			4,715			4,102			4,528			4,311			3,589
(Loss) gain on available-for-sale debt securities, net ⁽¹⁾			(25)			(1,008)			(428)			41			(4,942)
Mortgage banking income			741			682			485			423			605
Bank-owned life insurance income			1,417			1,987			695			665			602
Customer derivative income			76			329			735			962			104
Other income			231			207			326			262			425
Total non-interest income			11,732			10,414			10,325			10,567			4,646
Non-interest expense
Salaries and employee benefits			16,833			15,773			16,588			15,939			14,274
Occupancy and equipment			4,292			4,036			3,780			3,879			3,546
Depreciation			1,088			1,134			1,153			1,078			1,023
Loss (gain) on premises and equipment, net			—			134			370			(206)			3
Outside services			528			464			564			514			457
Professional services			388			349			407			296			514
Communication			211			248			271			246			194
Marketing			570			605			181			655			682
Amortization of intangible assets			582			582			582			466			233
FDIC assessment			537			577			539			462			464
Acquisition, conversion and other expenses			(36)			1,455			4,170			4,978			1,205
Provision for unfunded commitments			(650)			(226)			725			145			—
Other expenses			4,839			4,696			4,469			4,287			3,943
Total non-interest expense			29,182			29,827			33,799			32,739			26,538
Income before income taxes			19,219			17,154			14,727			11,038			7,475
Income tax expense			3,998			3,617			2,966			2,183			1,383
Net income		$	15,221		$	13,537		$	11,761		$	8,855		$	6,092
Earnings per share:
Basic		$	0.91		$	0.81		$	0.70		$	0.55		$	0.40
Diluted			0.91			0.81			0.70			0.54			0.40
Weighted average shares outstanding:
Basic			16,751			16,728			16,696			16,231			15,321
Diluted			16,808			16,804			16,757			16,284			15,372

(1)	The $4.9 million loss in June 2025 includes a $4.5 million loss on corporate debt securities and $549 thousand on a matured debt security.

BAR HARBOR BANKSHARES

AVERAGE YIELDS AND COSTS (Fully Taxable Equivalent (Non-GAAP) - Annualized) - UNAUDITED


		Quarters Ended
		Jun 30,		Mar 31,		Dec 31,		Sept 30,		Jun 30,
		2026		2026		2025		2025		2025
Earning assets
Interest-earning deposits with other banks		3.92	%	3.90	%	4.53	%	4.49	%	4.68	%
Available-for-sale debt securities		4.06		4.05		4.03		4.14		3.86
Federal Home Loan Bank stock		6.33		5.68		10.72		7.71		7.20
Loans:
Commercial real estate		5.72		5.68		5.74		5.88		5.76
Commercial and industrial		6.17		6.13		6.34		6.45		6.41
Residential real estate		4.62		4.64		4.75		4.42		4.14
Consumer		7.05		6.90		7.27		7.23		6.98
Total loans		5.52		5.50		5.59		5.60		5.48
Total earning assets		5.29	%	5.27	%	5.36	%	5.36	%	5.23	%

Funding liabilities
Deposits:
Interest-bearing demand		1.32	%	1.30	%	1.39	%	1.42	%	1.44	%
Savings		0.50		0.56		0.54		0.64		0.71
Money market		2.33		2.28		2.43		2.59		2.75
Time		3.32		3.41		3.53		3.64		3.91
Total interest-bearing deposits		1.88		1.91		2.01		2.12		2.28
Borrowings		5.05		5.62		5.43		4.04		4.85
Total interest-bearing liabilities		2.13	%	2.19	%	2.20	%	2.27	%	2.51	%

Net interest spread		3.16		3.08		3.16		3.09		2.72
Net interest margin, fully taxable equivalent⁽¹⁾		3.61		3.54		3.62		3.56		3.23

(1)	Non-GAAP financial measure. Refer to the Reconciliation of Non-GAAP Financial Measures in tables I-J for additional information.

BAR HARBOR BANKSHARES

AVERAGE BALANCES - UNAUDITED


	Quarters Ended
	Jun 30,		Mar 31,		Dec 31,		Sept 30,		Jun 30,
(in thousands)	2026		2026		2025		2025		2025
Assets
Interest-earning deposits with other banks⁽¹⁾	$	25,896	$	24,230	$	56,502	$	81,709	$	23,643
Available-for-sale debt securities ⁽²⁾		647,755		643,647		644,929		631,572		591,462
Federal Home Loan Bank stock		11,592		11,062		8,696		11,168		11,804
Loans:
Commercial real estate		1,975,080		2,001,851		1,954,841		1,887,267		1,766,720
Commercial and industrial		492,195		486,295		480,529		483,380		469,816
Residential real estate		993,933		998,862		1,021,309		963,311		804,469
Consumer		130,890		127,693		126,953		120,941		109,023
Total loans ⁽³⁾		3,592,098		3,614,701		3,583,632		3,454,899		3,150,028
Total earning assets		4,277,341		4,293,640		4,293,759		4,179,348		3,776,937
Cash and due from banks		37,089		36,278		40,291		38,709		29,861
Allowance for credit losses		(33,242)		(34,195)		(33,905)		(31,246)		(28,786)
Goodwill and other intangible assets		157,345		157,921		158,507		139,822		123,062
Other assets		215,460		215,852		211,317		191,446		169,540
Total assets	$	4,653,993	$	4,669,496	$	4,669,969	$	4,518,079	$	4,070,614

Liabilities and shareholders' equity
Deposits:
Interest-bearing demand	$	1,119,195	$	1,121,021	$	1,127,456	$	1,059,214	$	906,557
Savings		640,852		642,717		640,577		617,314		545,304
Money market		463,296		469,496		473,574		432,952		392,034
Time		902,363		922,180		939,353		961,054		883,491
Total interest-bearing deposits		3,125,706		3,155,414		3,180,960		3,070,534		2,727,386
Borrowings		265,929		251,985		195,139		250,110		271,410
Total interest-bearing liabilities		3,391,635		3,407,399		3,376,099		3,320,644		2,998,796
Non-interest bearing demand deposits		657,470		659,506		705,245		647,981		545,308
Other liabilities		57,702		60,814		56,025		46,962		57,268
Total liabilities		4,106,807		4,127,719		4,137,369		4,015,587		3,601,372
Total shareholders' equity		547,186		541,777		532,600		502,492		469,242
Total liabilities and shareholders' equity	$	4,653,993	$	4,669,496	$	4,669,969	$	4,518,079	$	4,070,614

(1)	Total average interest-bearing deposits with other banks is net of Federal Reserve daily cash letter.

(2)	Average balances for available-for-sale debt securities are based on amortized cost.

(3)	Total average loans include non-accruing loans and loans held for sale.

BAR HARBOR BANKSHARES

ASSET QUALITY ANALYSIS - UNAUDITED


		At or for the Quarters Ended
		Jun 30,			Mar 31,			Dec 31,			Sept 30,			Jun 30,
(in thousands)		2026			2026			2025			2025			2025
NON-PERFORMING ASSETS
Non-accruing loans:
Commercial real estate		$	902		$	12,620		$	1,497		$	697		$	1,033
Commercial and industrial			1,003			1,139			1,113			1,221			1,344
Residential real estate			8,314			8,206			7,719			6,541			6,411
Consumer			1,199			1,176			1,265			1,051			944
Total non-accruing loans			11,418			23,141			11,594			9,510			9,732
Non-performing available-for-sale debt securities			1,329			1,329			2,203			2,203			2,403
Other real estate owned			8,170			—			—			—			—
Total non-performing assets		$	20,917		$	24,470		$	13,797		$	11,713		$	12,135

Total non-accruing loans/total loans			0.32	%		0.65	%		0.32	%		0.27	%		0.31	%
Total non-performing assets/total assets			0.44			0.52			0.29			0.25			0.30

PROVISION AND ALLOWANCE FOR CREDIT LOSSES ON LOANS
Balance at beginning of period		$	34,315		$	34,052		$	33,940		$	28,885		$	28,614
Charged-off loans			(3,463)			(97)			(318)			(353)			(266)
Recoveries on charged-off loans			57			55			14			37			9
Net loans (charged-off) recovered			(3,406)			(42)			(304)			(316)			(257)
ACL established on PCD loans			—			—			—			1,622			—
ACL established on purchased seasoned loans			72			—			—			—			—
Provision for credit losses on loans			1,250			305			416			3,749			528
Balance at end of period		$	32,231		$	34,315		$	34,052		$	33,940		$	28,885

Allowance for credit losses/total loans			0.89	%		0.96	%		0.94	%		0.95	%		0.92	%
Allowance for credit losses/non-accruing loans			282			148			294			357			297

NET LOAN (CHARGE-OFFS) RECOVERIES
Commercial real estate		$	(3,283)		$	—		$	—		$	(224)		$	—
Commercial and industrial			(15)			35			(256)			18			(204)
Residential real estate			(21)			8			8			(112)			6
Consumer			(87)			(85)			(56)			2			(59)
Total, net		$	(3,406)		$	(42)		$	(304)		$	(316)		$	(257)

Net charge-offs (recoveries) (QTD annualized)/average loans			0.38	%		—	%		0.03	%		0.04	%		0.03	%
Net charge-offs (recoveries) (YTD annualized)/average loans			0.19			—			0.03			0.02			0.02

PROVISION AND ALLOWANCE FOR CREDIT LOSSES ON AVAILABLE-FOR-SALE DEBT SECURITIES
Balance at beginning of period		$	—		$	—		$	—		$	—		$	1,204
Charged-off interest receivable on available-for-sale debt securities			—			—			—			—			—
Provision for credit losses on available-for-sale debt securities			—			—			—			—			—
Charged-off previously provisioned allowance for credit loss			—			—			—			—			(1,204)
Balance at end of period		$	—		$	—		$	—		$	—		$	—

BAR HARBOR BANKSHARES

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES AND SUPPLEMENTARY DATA – UNAUDITED


			At or for the Quarters Ended
			Jun 30,			Mar 31,			Dec 31,			Sept 30,			Jun 30,
(in thousands)			2026			2026			2025			2025			2025
Net income	(R)		$	15,221		$	13,537		$	11,761		$	8,855		$	6,092
Non-core items:
Loss (gain) on available-for-sale debt securities, net⁽⁶⁾				25			—			428			(41)			4,942
Loss (gain) on premises and equipment, net				—			134			370			(206)			3
(Gain) loss and other expenses on other real estate owned				273			—			—			—			—
Provision on non-PCD acquired loans				—			—			—			3,954			—
Acquisition, conversion and other expenses				(36)			1,455			4,170			4,978			1,205
Income tax expense ⁽¹⁾				(65)			(392)			(1,225)			(2,141)			(1,492)
Total non-core items⁽²⁾				197			1,197			3,743			6,544			4,658
Core earnings ⁽²⁾	(A)		$	15,418		$	14,734		$	15,504		$	15,399		$	10,750

Net interest income	(B)		$	37,919		$	36,872		$	38,617		$	36,959		$	29,895
Non-interest income				11,732			10,414			10,325			10,567			4,646
Total revenue				49,651			47,286			48,942			47,526			34,541
Loss (gain) on available-for-sale debt securities, net⁽⁶⁾				25			—			428			(41)			4,942
Total core revenue ⁽²⁾	(C)		$	49,676		$	47,286		$	49,370		$	47,485		$	39,483

Total non-interest expense				29,182			29,827			33,799			32,739			26,538
Non-core expenses:
(Loss) gain on premises and equipment, net				—			(134)			(370)			206			(3)
Gain (loss) and other expenses on other real estate owned				(273)			—			—			—			—
Acquisition, conversion and other expenses				36			(1,455)			(4,170)			(4,978)			(1,205)
Total non-core expenses ⁽²⁾				(237)			(1,589)			(4,540)			(4,772)			(1,208)
Core non-interest expense ⁽²⁾	(D)		$	28,945		$	28,238		$	29,259		$	27,967		$	25,330

Total revenue				49,651			47,286			48,942			47,526			34,541
Total non-interest expense				29,182			29,827			33,799			32,739			26,538
Pre-tax, pre-provision net revenue⁽²⁾	(S)		$	20,469		$	17,459		$	15,143		$	14,787		$	8,003

Core revenue⁽²⁾				49,676			47,286			49,370			47,485			39,483
Core non-interest expense⁽²⁾				28,945			28,238			29,259			27,967			25,330
Core pre-tax, pre-provision net revenue⁽²⁾	(U)		$	20,731		$	19,048		$	20,111		$	19,518		$	14,153

(in millions)
Average earning assets	(E)		$	4,277		$	4,294		$	4,294		$	4,179		$	3,777
Average assets	(F)			4,654			4,669			4,670			4,518			4,071
Average shareholders' equity	(G)			547			542			533			502			469
Average tangible shareholders' equity ^{(2) (3)}	(H)			390			384			374			360			346
Tangible shareholders' equity, period-end ^{(2) (3)}	(I)			392			380			374			362			346
Tangible assets, period-end ^{(2) (3)}	(J)			4,585			4,519			4,526			4,563			3,989

BAR HARBOR BANKSHARES

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES AND SUPPLEMENTARY DATA – UNAUDITED


			At or for the Quarters Ended
			Jun 30,			Mar 31,			Dec 31,			Sept 30,			Jun 30,
(in thousands)			2026			2026			2025			2025			2025
Common shares outstanding, period-end	(K)			16,754			16,742			16,702			16,689			15,322
Average diluted shares outstanding	(L)			16,808			16,804			16,757			16,284			15,372

Core earnings per share, diluted ⁽²⁾	(A/L)		$	0.92		$	0.88		$	0.93		$	0.95		$	0.70
Tangible book value per share, period-end ⁽²⁾	(I/K)			23.43			22.71			22.41			21.70			22.58
Tangible shareholders' equity/total tangible assets ⁽²⁾	(I/J)			8.56			8.42			8.27			7.94			8.67

Performance ratios ⁽⁴⁾
GAAP return on assets				1.31	%		1.18	%		1.00	%		0.78	%		0.60	%
Core return on assets ⁽²⁾	(A/F)			1.33			1.28			1.32			1.35			1.06
Pre-tax, pre-provision return on assets⁽²⁾	(S/F)			1.76			1.52			1.29			1.30			0.79
Core pre-tax, pre-provision return on assets⁽²⁾	(U/F)			1.79			1.65			1.71			1.71			1.39
GAAP return on equity				11.16			10.13			8.76			6.99			5.21
Core return on equity ⁽²⁾	(A/G)			11.30			11.03			11.55			12.16			9.19
Return on tangible equity⁽¹⁾ ⁽²⁾	(R+Q)/H			16.11			14.77			12.94			10.07			7.26
Core return on tangible equity ^{(1) (2)}	(A+Q)/H			16.31			16.03			16.91			17.23			12.66
Efficiency ratio ^{(2) (5)}	(D-O-Q)/(C+N)			55.76			56.92			57.24			56.70			62.10
Net interest margin, fully taxable equivalent ⁽²⁾	(B+P)/E			3.61			3.54			3.62			3.56			3.23

Supplementary data (in thousands)
Taxable equivalent adjustment for efficiency ratio	(N)		$	905		$	1,044		$	766		$	738		$	706
Franchise taxes included in non-interest expense	(O)			159			146			(22)			158			141
Tax equivalent adjustment for net interest margin	(P)			556			554			595			574			560
Intangible amortization	(Q)			582			582			582			466			233

(1)	Assumes a marginal tax rate of 24.65% for the first and second quarters of 2026 and third and fourth quarters of 2025 and 24.26% in the second quarter of 2025.

(2)	Non-GAAP financial measure.

(3)	Tangible shareholders' equity is computed by taking total shareholders' equity less the intangible assets at period-end. Tangible assets is computed by taking total assets less the intangible assets at period-end.

(4)	All performance ratios are based on average balance sheet amounts, where applicable.

(5)	Efficiency ratio is computed by dividing core non-interest expense net of franchise taxes and intangible amortization divided by core revenue on a fully taxable equivalent basis.

(6)	The $4.9 million loss in the second quarter 2025 includes a $4.5 million loss on corporate debt securities and $549 thousand on a matured debt security.

Source: View Original Filing on SEC EDGAR

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