Bar Harbor Bankshares (BHB) came out with quarterly earnings of $0.68 per share, missing the Zacks Consensus Estimate of $0.69 per share. This compares to earnings of $0.66 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1.45%. A quarter ago, it was expected that this bank would post earnings of $0.69 per share when it actually produced earnings of $0.72, delivering a surprise of 4.35%.Over the last four quarters, the company ...

Financial Performance - Bar Harbor Bankshares reported Q1 2025 GAAP net income of $10.2 million or $0.66 per diluted share, compared to $11.0 million or $0.72 per diluted share in Q4 2024[1][2]. - Net income for the quarter was $10,211,000, a slight increase from $10,095,000 in the previous year, representing a growth of 1.15%[44]. - Core earnings for Q1 2025 were reported at $10 million, consistent with $11 million in Q4 2024, showing resilience in core operations[35]. - Core earnings per share, diluted, decreased to $0.68 in Q1 2025 from $0.72 in Q4 2024, representing a decline of 5.56%[54]. - Basic earnings per share increased to $0.67, up from $0.66 in the same quarter last year[44]. Asset and Loan Management - Total assets remained stable at $4.1 billion, with total loans at $3.1 billion, reflecting a slight annualized decrease of 3%[5][7]. - Total loans decreased by 3% to $3,124 million compared to $3,147 million in Q4 2024, with commercial real estate loans growing by 5%[41]. - Total loans reached $3,153,902 thousand, an increase of 1.8% from $3,098,082 thousand in the previous quarter[49]. - Non-accruing loans totaled $8,086 thousand, up from $6,994 thousand in the previous quarter, indicating a rise of 15.6%[52]. - Total non-performing assets increased to $13,046 thousand, compared to $12,754 thousand at December 31, 2024, reflecting a growth of 2.3%[52]. Income and Revenue - Non-interest income grew to $8.9 million, with wealth management income increasing by 6.7% to $3.9 million[21]. - Net interest income rose to $29,007,000, up from $28,055,000 in the same quarter last year, reflecting a growth of 3.4%[44]. - Total interest and dividend income reached $47,538,000, compared to $45,823,000 in the prior year, indicating a growth of 3.7%[44]. - Total revenue for the quarter was $37,925 thousand, down from $38,459 thousand in the previous quarter, representing a decline of 1.4%[53]. Dividends and Shareholder Equity - The company declared a cash dividend increase to $0.32 per share, raising the annualized yield from 3.92% to 4.34%[4]. - Total shareholders' equity increased to $467 million from $458 million in Q4 2024, reflecting a solid capital position[39]. - Tangible book value per share increased to $22.47 in Q1 2025, up from $21.93 in Q4 2024, reflecting a growth of 2.46%[54]. - Common shares outstanding at the end of Q1 2025 were 15,317 thousand, an increase from 15,280 thousand in Q4 2024[54]. Efficiency and Ratios - The efficiency ratio for Q1 2025 was 62.00%, slightly higher than 59.84% in Q4 2024, indicating a decrease in operational efficiency[35]. - Return on assets for Q1 2025 was 1.02%, down from 1.09% in Q4 2024, while core return on assets remained at 1.04%[35]. - GAAP return on assets for Q1 2025 was 1.02%, down from 1.09% in Q4 2024, indicating a decrease of 6.42%[54]. - Core return on equity for Q1 2025 was 9.09%, slightly down from 9.57% in Q4 2024, a decline of 5.01%[54]. - The allowance for credit losses on loans decreased to $28.6 million, with a coverage ratio of 0.92%[13]. Deposits - Total deposits remained flat at $3.3 billion, with a 16% annualized increase in time deposits to $863 million[14]. - Total deposits increased to $3,297 million from $3,268 million in Q4 2024, reflecting a growth in non-interest bearing demand deposits[39]. - Total deposits increased by 4% year-over-year to $3,296,811,000 as of March 31, 2025[43]. - Total non-maturity deposits decreased by 1% year-over-year to $2,434,038,000[43]. - Time deposits increased by 16% year-over-year to $862,773,000[43]. Mergers and Acquisitions - The company signed a definitive merger agreement to acquire Guaranty Bancorp, Inc., enhancing its presence in northern New England[3].

It's been a tough year for bank stocks so far as fears mount that the economy is headed for a tariff-induced slowdown. One name that has held up relatively well is Bar Harbor Bankshares (NYSE: BHB ), with this smallI like to take a long term, buy-and-hold approach to investing, with a bias toward stocks that can sustainably post high quality earnings. Mostly found in the dividend and income section. Blog about various US/Canadian stocks at 'The Compound Investor', and predominantly UK names on 'The UK Incom ...

Loan Portfolio - Total loans increased to $3,147,096 thousand in 2024, up from $2,999,049 thousand in 2023, representing a growth of 4.9%[35] - The commercial real estate non-owner occupied loans accounted for 43% of the total loan portfolio in 2024, compared to 38% in 2023[35] - The average loan size in the commercial real estate segment is approximately $2.1 million, with delinquencies at less than 0.02%[38] - The top 10 loans in the non-owner occupied commercial real estate portfolio represent approximately 12.7% of total commercial real estate loans outstanding[38] - The weighted average loan-to-value ratio for the top 10 loans within the non-owner occupied segment was 60.7% as of December 31, 2024[38] - The total commercial loan exposure was $2,156,635 thousand in 2024, an increase from $1,963,200 thousand in 2023[36] - Non-performing loans increased to 0.22% of total loans in 2024, up from 0.18% in 2023, indicating a rise in problem assets[43] - The allowance for credit losses (ACL) stands at $28,744 thousand, representing 0.91% of total loans, slightly down from 0.94% in 2023[48] - The company reported net charge-offs of $353 thousand in 2024, compared to $626 thousand in 2023, reflecting improved loan performance[46] - The total non-performing assets increased to $12,754 thousand in 2024, up from $5,528 thousand in 2023, highlighting a significant rise in distressed assets[43] Deposits and Liquidity - As of December 31, 2024, total deposits amounted to $3.17 billion, with a weighted average rate of 1.94%, compared to $3.05 billion and 1.25% in 2023[57][58] - Non-interest bearing demand deposits decreased from $618.7 million (20% of total) in 2023 to $570.8 million (18% of total) in 2024[57] - Interest-bearing demand deposits increased to $886.3 million with a weighted average rate of 1.41%, up from $900.0 million at 0.98% in 2023[57] - Savings deposits decreased from $594.9 million (20% of total) in 2023 to $546.5 million (17% of total) in 2024, with an increase in the average rate from 0.39% to 0.67%[57] - Money market deposits decreased from $406.8 million (13% of total) in 2023 to $380.0 million (12% of total) in 2024, with the average rate increasing from 2.48% to 3.02%[57] - Time deposits increased significantly from $533.0 million (17% of total) in 2023 to $791.2 million (25% of total) in 2024, with the average rate rising from 3.19% to 4.30%[57] - Estimated uninsured non-maturity deposits were $404.7 million in 2024, down from $525.3 million in 2023[59] Financial Performance - Total interest and dividend income for 2024 increased to $188,724 thousand, up 8.8% from $174,182 thousand in 2023[317] - Net interest income after provision for credit losses was $111,713 thousand in 2024, a decrease of 2.0% compared to $114,767 thousand in 2023[317] - Non-interest income rose to $36,888 thousand in 2024, reflecting an increase of 5.2% from $35,073 thousand in 2023[317] - Total non-interest expense increased to $95,987 thousand in 2024, up 3.3% from $92,723 thousand in 2023[317] - Net income for 2024 was $43,544 thousand, a slight decrease of 2.9% from $44,852 thousand in 2023[318] - Earnings per share (EPS) for 2024 was $2.86, down from $2.96 in 2023, representing a decline of 3.4%[317] - Total comprehensive income for 2024 was $41,870 thousand, down from $53,330 thousand in 2023, indicating a decrease of 21.5%[318] - Cash dividends declared per share increased to $1.18 in 2024 from $1.10 in 2023, marking a rise of 7.3%[320] Capital and Regulatory Compliance - The Bank is required to maintain a minimum common equity Tier 1 capital to risk-weighted assets ratio of 4.5%[107] - The Bank is considered "well capitalized" if it has a total capital to risk-weighted assets ratio of 10.0% or greater[109] - The capital conservation buffer for "adequately capitalized" institutions is more than 2.5% of total risk-weighted assets[108] - The Bank's capital adequacy rules require a minimum Tier 1 capital to risk-weighted assets ratio of 6.0%[107] - The FDIC's Deposit Insurance Fund insures deposits up to $250,000 per depositor[92] - The Bank achieved a "satisfactory" rating on its most recent Community Reinvestment Act examination[102] Interest Rate Risk Management - Interest rate risk is the most significant market risk affecting the Company, managed by the Asset and Liability Committee (ALCO)[288] - The ALCO meets regularly to review balance sheet structure and formulate strategies in response to economic conditions[289] - Interest rate risk is evaluated quarterly, with limits established for variability of net interest income under different rate scenarios[293] - The Company utilizes a widely recognized interest rate risk model to simulate interest income and expense under various scenarios[294] - A parallel shift in interest rates of +200 basis points is expected to improve net interest income by $5,127 (4.2%) over the first 12 months and by $10,880 (8.2%) over the next 13-24 months[299] Community Engagement and Employee Information - The company is committed to community engagement, having provided charitable donations to over 450 organizations across Maine, New Hampshire, and Vermont[76] - The company had 458 full-time equivalent employees as of December 31, 2024, with no union representation[68]

Company Overview - Bar Harbor Bankshares (BHB) is headquartered in Bar Harbor and operates in the Finance sector [3] - The stock has experienced a price change of 4.68% since the beginning of the year [3] Dividend Information - BHB currently pays a dividend of $0.3 per share, resulting in a dividend yield of 3.75% [3] - This yield is significantly higher than the Banks - Northeast industry's yield of 2.6% and the S&P 500's yield of 1.54% [3] - The company's annualized dividend of $1.20 has increased by 1.7% from the previous year [4] - Over the past five years, BHB has raised its dividend four times, averaging an annual increase of 7.72% [4] - The current payout ratio is 42%, indicating that 42% of its trailing 12-month EPS is distributed as dividends [4] Earnings Growth - BHB is projected to see earnings growth this fiscal year, with the Zacks Consensus Estimate for 2025 at $2.84 per share, reflecting a year-over-year growth rate of 0.35% [5] Investment Appeal - BHB is considered an attractive dividend investment and is rated with a Zacks Rank of 2 (Buy) [7] - The company is viewed as a compelling investment opportunity due to its secure profits and dividend offerings [7]

Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its di ...

Group 1 - The stock of Bar Harbor Bankshares (BHB) is experiencing significant attention due to high implied volatility in the options market, particularly for the April 14, 2025 $25 Call option [1] - Implied volatility indicates the market's expectation of future price movement, suggesting that investors anticipate a significant change in Bar Harbor Bankshares' stock price, possibly due to an upcoming event [2] - Bar Harbor Bankshares holds a Zacks Rank 2 (Buy) in the Banks – Northeast industry, which is in the top 9% of the Zacks Industry Rank, indicating a positive outlook [3] Group 2 - Over the past 60 days, one analyst has raised the earnings estimates for Bar Harbor Bankshares for the current quarter, increasing the Zacks Consensus Estimate from 68 cents to 69 cents per share [3] - The high implied volatility may signal a developing trading opportunity, as options traders often seek to sell premium on options with elevated implied volatility, aiming to benefit from price stability [4]

Company Overview - Bar Harbor Bankshares (BHB) is headquartered in Bar Harbor and operates in the Finance sector [3] - The stock has experienced a price change of 1.7% since the beginning of the year [3] Dividend Information - Bar Harbor Bankshares currently pays a dividend of $0.3 per share, resulting in a dividend yield of 3.86% [3] - This yield is significantly higher than the Banks - Northeast industry's yield of 2.62% and the S&P 500's yield of 1.49% [3] - The annualized dividend of $1.20 has increased by 1.7% from the previous year [4] - Over the last 5 years, the company has increased its dividend 4 times year-over-year, averaging an annual increase of 7.72% [4] - The current payout ratio is 42%, indicating that the company paid out 42% of its trailing 12-month EPS as dividends [4] Earnings Growth Expectations - For the fiscal year, Bar Harbor Bankshares anticipates solid earnings growth, with the Zacks Consensus Estimate for 2025 at $2.84 per share, reflecting a year-over-year growth rate of 0.35% [5] Investment Considerations - Dividends are favored by investors as they enhance stock investing profits, reduce overall portfolio risk, and offer tax advantages [6] - High-yielding stocks may face challenges during periods of rising interest rates, but Bar Harbor Bankshares is positioned as an attractive dividend play and a compelling investment opportunity, holding a Zacks Rank of 2 (Buy) [7]

Group 1: Earnings Performance - Bar Harbor Bankshares (BHB) reported quarterly earnings of $0.72 per share, exceeding the Zacks Consensus Estimate of $0.69 per share, and up from $0.68 per share a year ago, representing an earnings surprise of 4.35% [1] - The company posted revenues of $38.46 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 0.42%, compared to year-ago revenues of $37.64 million [2] - Over the last four quarters, Bar Harbor has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [2] Group 2: Stock Performance and Outlook - Bar Harbor shares have declined approximately 0.1% since the beginning of the year, while the S&P 500 has gained 3.5% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the coming quarter is $0.68 on revenues of $38.5 million, and $2.80 on revenues of $156 million for the current fiscal year [7] Group 3: Industry Context - The Zacks Industry Rank indicates that the Banks - Northeast sector is currently in the top 20% of over 250 Zacks industries, suggesting a favorable environment for stocks in this category [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5] - The current estimate revisions trend for Bar Harbor is mixed, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6]

Exhibit 99.1 BHB - Bar Harbor Bankshares Page 1 www.barharbor.bank FINANCIAL CONDITION (Quarter results for December 31, 2024 compared to September 30, 2024) Bar Harbor Bankshares Reports Fourth Quarter 2024 Results; Declares Dividend BAR HARBOR, MAINE – January 23, 2025 - Bar Harbor Bankshares (NYSE American: BHB) (the "Company") reported fourth quarter 2024 GAAP and core (Non-GAAP) net income of $11.0 million or $0.72 per diluted share compared to GAAP and core (Non-GAAP) net income of $9.9 million or $0. ...