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Financial Performance - Total interest and dividend income for Q3 2025 was $55,922, an increase of 15.2% compared to $48,580 in Q3 2024[11] - Net interest income after provision for credit losses for the nine months ended September 30, 2025, was $91,005, up 8.1% from $83,670 in the same period of 2024[11] - Non-interest income for Q3 2025 was $10,567, representing a 9.4% increase from $9,653 in Q3 2024[11] - Net income for Q3 2025 was $8,855, a decrease of 27.5% compared to $12,193 in Q3 2024[11] - Earnings per share (EPS) for Q3 2025 was $0.54, down from $0.80 in Q3 2024, reflecting a 32.5% decline[11] - Total non-interest expense for the nine months ended September 30, 2025, was $83,928, an increase of 16.4% from $72,102 in the same period of 2024[11] - The total comprehensive income for the nine months ended September 30, 2025, was $36,669, down from $39,322 in the same period of 2024[14] - Net income for the nine months ended September 30, 2025, was $25,158 thousand, a decrease of 22.8% compared to $32,545 thousand in the same period of 2024[19] Dividends - The company declared cash dividends of $0.30 per share in Q3 2024, totaling $4,530[16] - The company declared cash dividends of $0.32 per share, totaling $5,369 thousand[17] Credit Losses - The company reported a provision for credit losses on loans of $3,749 in Q3 2025, significantly higher than $228 in Q3 2024[11] - The company reported a provision for credit losses on loans of $4,220 thousand for the nine months ended September 30, 2025, compared to $1,102 thousand in 2024[19] - The Allowance for Credit Losses (ACL) at the end of the period was $33,940,000, reflecting a net increase of $1,055,000 from the previous period[68] - The ACL for commercial and industrial loans was $6,285,000, with charge-offs of $236,000 and recoveries of $12,000[68] Acquisitions - The acquisition of Guaranty Bancorp, Inc. was completed on July 31, 2025, with a total consideration of $39.2 million, representing 9% of the company's outstanding shares at the time[29] - The total assets acquired in the acquisition of Guaranty Bancorp, Inc. amounted to $580,531 thousand, with liabilities assumed totaling $641,177 thousand[20] - The total consideration paid for the acquisition of Guaranty was $39.220 million, which included $39.217 million in common stock and $3,000 in cash for fractional shares[31] - The company completed the acquisition of Woodsville, resulting in an increase in goodwill by $22.3 million, bringing the total goodwill to $141.8 million as of September 30, 2025[187] Cash Flow and Liquidity - The company reported net cash provided by operating activities of $31,121 thousand for the nine months ended September 30, 2025, compared to $39,113 thousand in 2024, reflecting a decrease of 20.4%[19] - Cash and cash equivalents at the end of the period were $136,714 thousand, an increase from $81,220 thousand at the end of September 2024[20] - The company experienced a net change in deposits of $149,219 thousand for the nine months ended September 30, 2025, compared to $119,929 thousand in 2024[19] Securities and Investments - The total available-for-sale debt securities amounted to $597.810 million as of September 30, 2025, with unrealized losses of $56.204 million[40] - The amortized cost of available-for-sale debt securities was $650.791 million as of September 30, 2025[40] - The fair value of available-for-sale securities as of September 30, 2025, included $254,939 thousand in mortgage-backed securities from US Government-sponsored enterprises[152] - The fair value of corporate bonds held as of September 30, 2025, was $2.2 million after recognizing impairment losses totaling $4.4 million and an allowance for credit losses of $1.2 million[153][154] Loans and Credit Quality - Total loans increased to $3.584 billion as of September 30, 2025, up from $3.147 billion at December 31, 2024, representing a growth of approximately 13.9%[58] - The allowance for credit losses increased to $33.940 million as of September 30, 2025, compared to $28.744 million at December 31, 2024[58] - Performing loans total $1,089,550,000, with nonperforming loans at $3,301,000[83] - The risk rating for total loans includes $54,383,000 in substandard loans and $70,927,000 in special mention loans[83] Interest Rate Risk - The Bank's interest rate sensitivity modeling indicates that the balance sheet was asset sensitive over the one- and two-year horizons as of September 30, 2025[276] - A 200 basis point decline in interest rates is projected to decrease net interest income by $9,288,000 (5.8%) over the first 12 months[276] - The sensitivity analysis shows that asset sensitivity has increased in both year one and year two compared to September 30, 2024[278] Non-Interest Income - Total non-interest income for the three months ended September 30, 2025, was $10.57 million, up from $9.65 million in the same period of 2024, representing a year-over-year increase of 9.4%[179] - Trust management fees for the three months ended September 30, 2025, were $3.4 million, slightly down from $3.5 million in 2024, while financial services fees decreased to $506 thousand from $653 thousand[179] - The company recognized total non-interest income within the scope of ASC 606 of $8.21 million for the three months ended September 30, 2025, compared to $7.92 million in 2024, marking a growth of 3.7%[179] Lease Obligations - The total future minimum lease payments as of September 30, 2025, are projected to be $11,450,000, with the present value of net future minimum lease payments at $10,277,000[194] - The weighted-average remaining lease term for operating leases is 11.05 years as of September 30, 2025, down from 11.74 years as of December 31, 2024[193] - For the three months ended September 30, 2025, total lease costs were $477,000, compared to $445,000 for the same period in 2024, reflecting a year-over-year increase of 7.2%[194]

Investors in Bar Harbor Bankshares (BHB) need to pay close attention to the stock based on moves in the options market lately. That is because the Jan. 16, 2026 $17.5 Put had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could a ...

Third Quarter 2025 Overview Bar Harbor Bankshares reported strong Q3 2025 financial performance, completed the Woodsville acquisition, and declared a cash dividend [Q3 2025 Performance Summary](index=1&type=section&id=Q3%202025%20Performance%20Summary) Bar Harbor Bankshares reported strong Q3 2025 GAAP net income of $8.9 million ($0.54 diluted EPS) and core earnings of $15.4 million ($0.95 diluted EPS), significantly up from Q2 2025 Q3 2025 Financial Performance (vs Q2 2025) | Metric | Q3 2025 | Q2 2025 | | :-------------------------- | :------ | :------ | | GAAP Net Income | $8.9 million | $6.1 million | | GAAP Diluted EPS | $0.54 | $0.40 | | Core Earnings (Non-GAAP) | $15.4 million | $10.8 million | | Core Diluted EPS (Non-GAAP) | $0.95 | $0.70 | - Net interest margin expanded to **3.56%** from 3.23% (QoQ)[7](index=7&type=chunk) - Efficiency ratio improved to **56.70%** compared to 62.10% in the prior quarter[7](index=7&type=chunk) - Annualized quarter-to-date deposit growth was **16%**[7](index=7&type=chunk) - Non-accruing loans to total loans declined to **0.27%** from 0.31%[7](index=7&type=chunk) [Acquisition of Guaranty Bancorp, Inc.](index=1&type=section&id=Acquisition%20of%20Guaranty%20Bancorp%2C%20Inc.) The company completed the acquisition of Woodsville on August 1, 2025, integrating its systems and branches by mid-October, adding significant assets, loans, and deposits to the balance sheet - Acquisition of Guaranty Bancorp, Inc. (Woodsville) completed on August 1, 2025, with customer integration in mid-October 2025[4](index=4&type=chunk)[7](index=7&type=chunk) Acquisition Impact on Balance Sheet | Item | Amount (in millions) | | :-------------------------------- | :------------------- | | Total Assets Added | $658.1 | | Loans Added | $413.4 | | Deposits Added | $531.3 | | Borrowings and Subordinated Debt Added | $109.2 | | Goodwill Recorded | $22.3 | | Core Deposit Intangibles Recorded | $14.0 | Allowance for Credit Losses (ACL) from Acquisition | Item | Amount (in millions) | | :-------------------------------- | :------------------- | | Initial ACL | $5.6 | | ACL for Purchased Credit Deteriorated (PCD) Loans | $1.6 | | ACL for Non-PCD Loans (through provision expense) | $4.0 | | Total CECL Reserve (acquired portfolio, as of Sep 30, 2025) | $4.6 | [Dividend Declared](index=1&type=section&id=Dividend%20Declared) The Board of Directors declared a cash dividend of $0.32 per share, representing a 4.20% annualized yield Dividend Declaration Details | Item | Value | | :-------------------- | :---- | | Dividend per share | $0.32 | | Record Date | November 20, 2025 | | Payable Date | December 19, 2025 | | Annualized Yield (based on Sep 30, 2025 price) | 4.20% | Financial Condition (Q3 2025 vs Q2 2025) The company's Q3 2025 financial condition improved with significant balance sheet growth from the Woodsville acquisition [Balance Sheet Overview](index=3&type=section&id=Balance%20Sheet%20Overview) Total assets increased by $610 million (15%) to $4.7 billion at the end of Q3 2025, primarily driven by the Woodsville acquisition - Total assets increased **$610 million** or **15%** to **$4.7 billion** at the end of Q3 2025, primarily due to the acquisition of Woodsville[8](index=8&type=chunk) - The Company strategically optimized deposits and cash to pay down wholesale borrowings while onboarding deposits from Woodsville[8](index=8&type=chunk) [Assets Analysis](index=3&type=section&id=Assets%20Analysis) Cash, debt securities, and total loans increased significantly, largely due to the Woodsville acquisition, while commercial loans showed strong organic growth Key Asset Changes (Q3 2025 vs Q2 2025) | Asset Category | Q3 2025 (in millions) | Q2 2025 (in millions) | Change (in millions) | Primary Driver | | :---------------------------------- | :-------------------- | :-------------------- | :------------------- | :------------- | | Total cash and cash equivalents | $141.3 | $87.0 | +$54.3 | Woodsville acquisition | | Available-for-sale debt securities | $597.8 | $528.7 | +$69.1 | Acquired securities ($115.6M) | | Federal Home Loan Bank ("FHLB") stock | $8.6 | $12.7 | -$4.1 | Pay down FHLB advances | | Total loans | $3,600 | $3,200 | +$400 | Woodsville acquisition ($413.4M) | | Allowance for credit losses on loans | $33.9 | $28.9 | +$5.1 | Woodsville acquisition reserves | | Premises and equipment | $58.8 | $52.6 | +$6.2 | Acquired assets ($6.6M) | | Goodwill | $141.8 | $119.5 | +$22.3 | Woodsville acquisition | | Other intangible assets | $17.0 | $3.5 | +$13.5 | Core deposit intangible | | Cash surrender value of BOLI | $95.6 | $83.1 | +$12.5 | Acquired BOLI ($11.8M) | - Commercial loans saw **$34.8 million** in organic growth, equating to an annualized growth rate of **5%**[12](index=12&type=chunk) - The allowance for credit losses to total loans coverage ratio increased to **0.95%** from 0.92% (QoQ)[13](index=13&type=chunk) [Liabilities Analysis](index=3&type=section&id=Liabilities%20Analysis) Total deposits grew substantially from the Woodsville acquisition and organic growth, while senior borrowings decreased due to strategic paydowns Key Liability Changes (Q3 2025 vs Q2 2025) | Liability Category | Q3 2025 (in millions) | Q2 2025 (in millions) | Change (in millions) | Primary Driver | | :---------------------------------- | :-------------------- | :-------------------- | :------------------- | :------------- | | Total deposits | $4,000 | $3,292 | +$708 | Woodsville acquisition ($531.3M) + organic growth | | Senior borrowings | $140.0 | $256.5 | -$116.5 | Strategic paydowns | | Subordinated debt | $52.2 | $40.6 | +$11.6 | Woodsville acquisition ($11.2M) | - Total deposits grew by **16%** annualized quarter-to-date organically, driven primarily by non-interest bearing demand and money market accounts[17](index=17&type=chunk) - The company paid down **$201 million** of its senior borrowings within the quarter[18](index=18&type=chunk) [Shareholders' Equity and Book Value](index=3&type=section&id=Shareholders%27%20Equity%20and%20Book%20Value) Book value per share increased to $31.22, while tangible book value per share decreased to $21.70 due to new intangible assets Book Value per Share (Q3 2025 vs Q2 2025) | Metric | Q3 2025 | Q2 2025 | | :-------------------------- | :------ | :------ | | Book value per share | $31.22 | $30.60 | | Tangible book value per share (Non-GAAP) | $21.70 | $22.58 | Results of Operations (Q3 2025 vs Q3 2024) Q3 2025 operations showed net interest margin expansion and non-interest income growth, despite increased expenses and taxes [Net Interest Income and Margin](index=5&type=section&id=Net%20Interest%20Income%20and%20Margin) Net interest margin expanded to 3.56% in Q3 2025, driven by increased interest income from loans and lower borrowing costs - Net interest margin increased to **3.56%** in Q3 2025 compared to 3.15% in Q3 2024[20](index=20&type=chunk) Interest Income and Expense Changes (Q3 2025 vs Q3 2024) | Item | Q3 2025 (in millions) | Q3 2024 (in millions) | Change (in millions) | | :---------------------------------- | :-------------------- | :-------------------- | :------------------- | | Total interest and dividend income | $55.9 | $48.6 | +$7.3 (15.1% increase) | | Loan income | +$6.4 | - | - | | Total interest expense | $19.0 | $19.6 | -$0.7 (3.3% decrease) | | Deposit costs | +$0.2 | - | - | | Borrowing costs | -$0.9 | - | - | - Yields on earning assets grew to **5.36%** compared to 5.24% in Q3 2024[21](index=21&type=chunk) - Borrowing costs decreased **$904 thousand** or **26.2%** due to paydowns and lower borrowing rates (4.04% in Q3 2025 vs 4.38% in Q3 2024)[22](index=22&type=chunk) [Non-Interest Income](index=5&type=section&id=Non-Interest%20Income) Non-interest income increased by $914 thousand, primarily due to higher customer service fees and derivative income from the acquisition Non-Interest Income Changes (Q3 2025 vs Q3 2024) | Item | Q3 2025 (in millions) | Q3 2024 (in millions) | Change (in millions) | | :---------------------------------- | :-------------------- | :-------------------- | :------------------- | | Total non-interest income | $10.6 | $9.7 | +$0.9 (9.5% increase) | | Customer service fees | +$0.5 | - | - | | Customer Derivative income | +$0.7 | - | - | | Trust management fee income | -$0.2 | - | - | [Non-Interest Expenses](index=5&type=section&id=Non-Interest%20Expenses) Non-interest expenses rose by $8.0 million, largely due to acquisition-related costs and increased salaries and benefits Non-Interest Expense Changes (Q3 2025 vs Q3 2024) | Item | Q3 2025 (in millions) | Q3 2024 (in millions) | Change (in millions) | | :---------------------------------- | :-------------------- | :-------------------- | :------------------- | | Total non-interest expenses | $32.7 | $24.8 | +$8.0 (32.3% increase) | | Acquisition expenses | +$4.9 | - | - | | Salaries and benefits | +$1.6 | - | - | | Occupancy and equipment | +$0.5 | - | - | | Amortization of intangibles | +$0.2 | - | - | | Other expenses | +$0.5 | - | - | - Salaries and benefits increased due to cost-of-living adjustments, additional salary associated with retained Woodsville personnel, and employee insurance costs[25](index=25&type=chunk) [Income Tax Expense](index=5&type=section&id=Income%20Tax%20Expense) Income tax expense increased to $2.2 million, with the GAAP effective tax rate rising to 20% due to prior year adjustments Income Tax Expense (Q3 2025 vs Q3 2024) | Item | Q3 2025 (in millions) | Q3 2024 (in millions) | | :-------------------- | :-------------------- | :-------------------- | | Income tax expense | $2.2 | $1.4 | | GAAP effective tax rate | 20% | 10% | | Core effective tax rate (Non-GAAP) | 22% | 20% | - The increase in taxes and tax rate is driven by a prior year one-time multiple year tax refund on tax exempt loan income and a state apportionment adjustment[26](index=26&type=chunk) Additional Information This section covers company background, forward-looking statement disclaimers, and explanations of non-GAAP financial measures [Company Background](index=5&type=section&id=BACKGROUND) Bar Harbor Bankshares is the parent company of Bar Harbor Bank & Trust, a community bank serving Maine, New Hampshire, and Vermont - Bar Harbor Bankshares is the parent company of Bar Harbor Bank & Trust, a community bank founded in 1887[27](index=27&type=chunk) - Bar Harbor Bank & Trust serves clients in Maine, New Hampshire, and Vermont[27](index=27&type=chunk) [Forward-Looking Statements](index=5&type=section&id=FORWARD-LOOKING%20STATEMENTS) The report contains forward-looking statements subject to various risks and uncertainties, with no obligation for the company to update them - All statements regarding future activities, events, or developments are considered 'forward-looking statements' and are subject to risks, uncertainties, and other factors[28](index=28&type=chunk)[29](index=29&type=chunk) - Potential risks include changes in business and economic conditions, consumer behavior, asset quality decline, liquidity needs, competition, interest rate increases, operational risks (e.g., cybersecurity, natural disasters), regulatory changes, and the ability to execute strategic plans[30](index=30&type=chunk) - The Company disclaims any obligation to update or revise any forward-looking statement[30](index=30&type=chunk) [Non-GAAP Financial Measures Explanation](index=8&type=section&id=NON-GAAP%20FINANCIAL%20MEASURES) The company utilizes non-GAAP financial measures like core earnings and tangible book value to offer supplemental insights into performance - Non-GAAP financial measures provide supplemental perspectives on operating results, performance trends, and financial condition, but are not substitutes for GAAP measures[32](index=32&type=chunk) - Core earnings exclude amounts viewed as unrelated to normalized operations, such as gains/losses on securities, acquisition costs, restructuring costs, and legal settlements[33](index=33&type=chunk) - Management believes non-GAAP measures facilitate understanding operating trends and comparison to other companies in the financial services industry[34](index=34&type=chunk) Consolidated Financial Schedules (Unaudited) This section presents unaudited consolidated financial schedules, detailing financial highlights, balance sheets, income, and asset quality [Selected Financial Highlights](index=10&type=section&id=Table%20A%20Selected%20Financial%20Highlights) This table provides a five-quarter overview of key financial metrics, including per share data, performance ratios, and financial data Selected Financial Highlights (Q3 2025 vs Q2 2025 vs Q3 2024) | Metric | Sept 30, 2025 | Jun 30, 2025 | Sep 30, 2024 | | :--------------------------------- | :------------ | :----------- | :----------- | | **PER SHARE DATA** | | | | | Net earnings, diluted | $0.54 | $0.40 | $0.80 | | Core earnings, diluted (Non-GAAP) | $0.95 | $0.70 | $0.80 | | Total book value | $31.22 | $30.60 | $30.12 | | Tangible book value (Non-GAAP) | $21.70 | $22.58 | $22.02 | | Dividends | $0.32 | $0.32 | $0.30 | | **PERFORMANCE RATIOS** | | | | | Return on assets | 0.78 % | 0.60 % | 1.20 % | | Core return on assets (Non-GAAP) | 1.35 % | 1.06 % | 1.20 % | | Net interest margin, fully taxable equivalent (Non-GAAP) | 3.56 % | 3.23 % | 3.15 % | | Efficiency ratio (Non-GAAP) | 56.70 % | 62.10 % | 62.09 % | | **FINANCIAL DATA (In millions)** | | | | | Total assets | $4,722 | $4,112 | $4,030 | | Total loans | $3,584 | $3,153 | $3,082 | | Total deposits | $3,953 | $3,292 | $3,261 | | Net income | $9 | $6 | $12 | | Core earnings (Non-GAAP) | $15 | $11 | $12 | | **ASSET QUALITY AND CONDITION RATIOS** | | | | | Allowance for credit losses on loans/total loans | 0.95 % | 0.92 % | 0.94 % | | Total non-accruing loans/total loans | 0.27 % | 0.31 % | 0.23 % | [Consolidated Balance Sheets](index=12&type=section&id=Table%20B%20Balance%20Sheets) This table presents the consolidated balance sheet for five quarters, detailing assets, liabilities, and shareholders' equity Consolidated Balance Sheets (Selected Items, in thousands) | Item | Sept 30, 2025 (in thousands) | Jun 30, 2025 (in thousands) | Mar 31, 2025 (in thousands) | Dec 31, 2024 (in thousands) | Sep 30, 2024 (in thousands) | | :---------------------------------- | :------------ | :----------- | :----------- | :----------- | :----------- | | Total cash and cash equivalents | $141,291 | $87,035 | $88,131 | $72,162 | $81,220 | | Net available-for-sale debt securities | $597,810 | $528,690 | $512,757 | $520,450 | $535,892 | | Net loans | $3,549,776 | $3,123,779 | $3,095,626 | $3,118,352 | $3,052,712 | | Goodwill | $141,819 | $119,477 | $119,477 | $119,477 | $119,477 | | Other intangible assets | $16,989 | $3,472 | $3,705 | $3,938 | $4,171 | | Total assets | $4,721,829 | $4,112,005 | $4,063,226 | $4,083,327 | $4,029,927 | | Total deposits | $3,952,773 | $3,291,988 | $3,296,811 | $3,267,688 | $3,261,086 | | Senior borrowings | $139,956 | $256,441 | $199,982 | $249,981 | $186,207 | | Subordinated borrowings | $52,229 | $40,620 | $40,620 | $40,620 | $60,580 | | Total shareholders' equity | $520,955 | $468,860 | $467,311 | $458,428 | $459,916 | [Loan and Deposit Analysis](index=14&type=section&id=Table%20C%20Loan%20and%20Deposit%20Analysis) This table breaks down the composition and growth of the loan and deposit portfolios, highlighting acquired and organic balances Loan Analysis (in thousands) | Loan Type | Sept 30, 2025 (in thousands) | Acquired WGSB Balances (1) (in thousands) | Jun 30, 2025 (in thousands) | Organic Annualized Growth % (Quarter to Date) | | :---------------------- | :------------ | :------------------------- | :----------- | :-------------------------------------------- | | Commercial real estate | $1,942,659 | $117,832 | $1,767,206 | 13 % | | Commercial and industrial | $405,759 | $25,651 | $400,908 | (21) % | | Total commercial loans | $2,348,418 | $143,483 | $2,168,114 | 7 % | | Residential real estate | $1,025,266 | $248,484 | $796,184 | (10) % | | Consumer | $126,345 | $16,215 | $111,036 | (3) % | | Tax exempt and other | $83,687 | $5,226 | $77,330 | 6 % | | Total loans | $3,583,716 | $413,408 | $3,152,664 | 2 % | Deposit Analysis (in thousands) | Deposit Type | Sept 30, 2025 (in thousands) | Acquired WGSB Balances (1) (in thousands) | Jun 30, 2025 (in thousands) | Organic Annualized Growth % (Quarter to Date) | | :---------------------- | :------------ | :------------------------- | :----------- | :-------------------------------------------- | | Non-interest bearing demand | $697,357 | $89,274 | $552,074 | 41 % | | Interest bearing demand | $1,137,362 | $185,802 | $931,854 | 8 % | | Savings | $647,428 | $104,792 | $542,579 | — % | | Money market | $488,633 | $52,470 | $370,709 | 71 % | | Total non-maturity deposits | $2,970,780 | $432,338 | $2,397,216 | 24 % | | Time | $981,993 | $98,951 | $894,772 | (5) % | | Total deposits | $3,952,773 | $531,289 | $3,291,988 | 16 % | [Consolidated Statements of Income](index=16&type=section&id=Table%20D%20Statements%20of%20Income) This table provides the consolidated statements of income for the three and nine months ended September 30, 2025, and 2024 Consolidated Statements of Income (Three Months Ended September 30, in thousands) | Item | 2025 (in thousands) | 2024 (in thousands) | Change (2025 vs 2024) (in thousands) | | :---------------------------------- | :----- | :----- | :-------------------- | | Total interest and dividend income | $55,922 | $48,580 | +$7,342 | | Total interest expense | $18,963 | $19,622 | -$659 | | Net interest income | $36,959 | $28,958 | +$8,001 | | Provision for credit losses on loans | $3,749 | $228 | +$3,521 | | Total non-interest income | $10,567 | $9,653 | +$914 | | Total non-interest expense | $32,739 | $24,772 | +$7,967 | | Income before income taxes | $11,038 | $13,611 | -$2,573 | | Income tax expense | $2,183 | $1,418 | +$765 | | Net income | $8,855 | $12,193 | -$3,338 | | Diluted EPS | $0.54 | $0.80 | -$0.26 | [Consolidated Statements of Income (Five Quarter Trend)](index=17&type=section&id=Table%20E%20Statements%20of%20Income%20%28Five%20Quarter%20Trend%29) This table presents the consolidated statements of income across five quarters, offering a detailed view of financial performance Consolidated Statements of Income (Selected Items, in thousands) | Item | Sept 30, 2025 (in thousands) | Jun 30, 2025 (in thousands) | Mar 31, 2025 (in thousands) | Dec 31, 2024 (in thousands) | Sep 30, 2024 (in thousands) | | :---------------------------------- | :------------ | :----------- | :----------- | :----------- | :----------- | | Total interest and dividend income | $55,922 | $48,688 | $47,538 | $47,483 | $48,580 | | Total interest expense | $18,963 | $18,793 | $18,531 | $18,416 | $19,622 | | Net interest income | $36,959 | $29,895 | $29,007 | $29,067 | $28,958 | | Provision for credit losses on loans | $3,749 | $528 | -$57 | -$147 | $228 | | Total non-interest income | $10,567 | $4,646 | $8,918 | $9,392 | $9,653 | | Total non-interest expense | $32,739 | $26,538 | $24,651 | $23,885 | $24,772 | | Net income | $8,855 | $6,092 | $10,211 | $10,999 | $12,193 | | Diluted EPS | $0.54 | $0.40 | $0.66 | $0.72 | $0.80 | [Average Yields and Costs (Fully Taxable Equivalent)](index=18&type=section&id=Table%20F%20Average%20Yields%20and%20Costs) This table details the annualized average yields on earning assets and costs on funding liabilities for five quarters Average Yields and Costs (Selected Items, Annualized) | Item | Sept 30, 2025 (%) | Jun 30, 2025 (%) | Mar 31, 2025 (%) | Dec 31, 2024 (%) | Sep 30, 2024 (%) | | :---------------------------------- | :------------ | :----------- | :----------- | :----------- | :----------- | | **Earning assets** | | | | | | | Interest-earning deposits with other banks | 4.49 % | 4.68 % | 4.55 % | 4.92 % | 5.54 % | | Available-for-sale debt securities | 4.14 % | 3.86 % | 3.80 % | 3.69 % | 3.86 % | | Federal Home Loan Bank stock | 7.71 % | 7.20 % | 4.78 % | 12.07 % | 10.10 % | | Total loans | 5.60 % | 5.48 % | 5.42 % | 5.40 % | 5.49 % | | Total earning assets | 5.36 % | 5.23 % | 5.16 % | 5.14 % | 5.24 % | | **Funding liabilities** | | | | | | | Total interest-bearing deposits | 2.12 % | 2.28 % | 2.31 % | 2.41 % | 2.45 % | | Borrowings | 4.04 % | 4.85 % | 4.61 % | 4.20 % | 4.38 % | | Total interest-bearing liabilities | 2.27 % | 2.51 % | 2.52 % | 2.54 % | 2.66 % | | Net interest spread | 3.09 % | 2.72 % | 2.64 % | 2.60 % | 2.58 % | | Net interest margin, fully taxable equivalent (Non-GAAP) | 3.56 % | 3.23 % | 3.17 % | 3.17 % | 3.15 % | [Average Balances](index=19&type=section&id=Table%20G%20Average%20Balances) This table presents the average balances for assets, liabilities, and shareholders' equity over five quarters Average Balances (Selected Items, in thousands) | Item | Sept 30, 2025 (in thousands) | Jun 30, 2025 (in thousands) | Mar 31, 2025 (in thousands) | Dec 31, 2024 (in thousands) | Sep 30, 2024 (in thousands) | | :---------------------------------- | :------------ | :----------- | :----------- | :----------- | :----------- | | Total earning assets | $4,179,348 | $3,776,937 | $3,781,402 | $3,720,560 | $3,728,024 | | Total assets | $4,518,079 | $4,070,614 | $4,077,003 | $4,019,188 | $4,027,041 | | Total loans | $3,454,899 | $3,150,028 | $3,153,902 | $3,098,082 | $3,071,638 | | Total interest-bearing deposits | $3,070,534 | $2,727,386 | $2,718,174 | $2,678,942 | $2,621,842 | | Borrowings | $250,110 | $271,410 | $265,780 | $208,990 | $312,891 | | Total liabilities | $4,018,639 | $3,601,372 | $3,610,853 | $3,559,482 | $3,572,892 | | Total shareholders' equity | $499,440 | $469,242 | $466,150 | $459,706 | $454,149 | [Asset Quality Analysis](index=20&type=section&id=Table%20H%20Asset%20Quality%20Analysis) This table provides a detailed analysis of asset quality, including non-performing assets, provision for credit losses, and net loan charge-offs Asset Quality Analysis (Selected Items, in thousands) | Item | Sept 30, 2025 (in thousands) | Jun 30, 2025 (in thousands) | Mar 31, 2025 (in thousands) | Dec 31, 2024 (in thousands) | Sep 30, 2024 (in thousands) | | :---------------------------------- | :------------ | :----------- | :----------- | :----------- | :----------- | | **NON-PERFORMING ASSETS** | | | | | | | Total non-accruing loans | $9,510 | $9,732 | $8,086 | $6,994 | $7,100 | | Total non-performing assets | $11,913 | $12,135 | $13,046 | $12,754 | $7,100 | | Total non-accruing loans/total loans | 0.27 % | 0.31 % | 0.26 % | 0.22 % | 0.23 % | | Total non-performing assets/total assets | 0.25 % | 0.30 % | 0.32 % | 0.31 % | 0.18 % | | **PROVISION AND ALLOWANCE FOR CREDIT LOSSES ON LOANS** | | | | | | | Balance at beginning of period | $28,885 | $28,614 | $28,744 | $29,023 | $28,855 | | ACL established on PCD loans | $1,622 | — | — | — | — | | Provision for credit losses on loans | $3,749 | $528 | -$57 | -$147 | $228 | | Balance at end of period | $33,940 | $28,885 | $28,614 | $28,744 | $29,023 | | Allowance for credit losses/total loans | 0.95 % | 0.92 % | 0.92 % | 0.91 % | 0.94 % | | **NET LOAN (CHARGE-OFFS) RECOVERIES** | | | | | | | Total, net | -$316 | -$257 | -$73 | -$132 | -$60 | | Net charge-offs (recoveries) (QTD annualized)/average loans | 0.04 % | 0.03 % | 0.01 % | 0.02 % | 0.01 % | [Reconciliation of Non-GAAP Financial Measures and Supplementary Data](index=22&type=section&id=Table%20I-J%20Reconciliation%20of%20Non-GAAP%20Financial%20Measures) This table offers a detailed reconciliation of non-GAAP financial measures to their GAAP equivalents, along with supplementary data Reconciliation of Non-GAAP Financial Measures (Selected Items, in thousands) | Item | Sept 30, 2025 (in thousands) | Jun 30, 2025 (in thousands) | Mar 31, 2025 (in thousands) | Dec 31, 2024 (in thousands) | Sep 30, 2024 (in thousands) | | :---------------------------------- | :------------ | :----------- | :----------- | :----------- | :----------- | | Net income (GAAP) | $8,855 | $6,092 | $10,211 | $10,999 | $12,193 | | Total non-core items | $6,544 | $4,658 | $249 | $54 | — | | Core earnings (Non-GAAP) | $15,399 | $10,750 | $10,460 | $11,053 | $12,193 | | Total revenue (GAAP) | $47,526 | $34,541 | $37,925 | $38,459 | $38,611 | | Total core revenue (Non-GAAP) | $47,485 | $39,483 | $37,925 | $38,459 | $38,611 | | Total non-interest expense (GAAP) | $32,739 | $26,538 | $24,651 | $23,885 | $24,772 | | Core non-interest expense (Non-GAAP) | $27,967 | $25,330 | $24,322 | $23,814 | $24,772 | | Core earnings per share, diluted (Non-GAAP) | $0.95 | $0.70 | $0.68 | $0.72 | $0.80 | | Tangible book value per share, period end (Non-GAAP) | $21.70 | $22.58 | $22.47 | $21.93 | $22.02 | | Core return on assets (Non-GAAP) | 1.35 % | 1.06 % | 1.04 % | 1.09 % | 1.20 % | | Core return on equity (Non-GAAP) | 12.23 % | 9.19 % | 9.09 % | 9.57 % | 10.68 % | | Efficiency ratio (Non-GAAP) | 56.70 % | 62.10 % | 62.00 % | 59.84 % | 62.09 % |

BAR HARBOR, ME / ACCESS Newswire / October 21, 2025 / Bar Harbor Bankshares (NYSE American:BHB) (the "Company") reported third quarter 2025 GAAP net income of $8.9 million or $0.54 per diluted share and core earnings (Non-GAAP) of $15.4 million or $0.95 per diluted share compared to GAAP net income of $6.1 million or $0.40 per diluted share and core earnings (Non-GAAP) of $10.8 or 0.70 per diluted share in the second quarter of 2025. THIRD QUARTER 2025 HIGHLIGHTS (all comparisons to second quarter 2025, unl ...

Core Insights - The article emphasizes the growing interest in various asset classes, including cryptocurrencies, gold, silver, and rare-earth elements, among investors and financial media [1]. Group 1: Company and Analyst Background - Austin Rogers is identified as a REIT specialist with a professional background in commercial real estate, focusing on high-quality dividend growth stocks to generate a stable passive income stream [1]. - The investing group High Yield Landlord, which Austin contributes to, is noted as one of the largest real estate investment communities on Seeking Alpha, providing exclusive research on the global REIT sector and multiple real money portfolios [1].

Bar Harbor Bankshares (BHB) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the sys ...

Core Insights - Bank stocks are a significant indicator of the health of the American economy, often referred to as the economy's circulatory system, facilitating capital flow across various sectors [1][4] - The article discusses the characteristics of bank stocks, their importance to investors, and how to identify the best bank stocks to buy [5][17] Group 1: Definition and Importance of Bank Stocks - Bank stocks represent companies in the banking sector and are classified under the broader category of financial stocks, which includes various financial services [7][8] - They are divided into two sub-categories: diversified banks, which have a national footprint and offer a wide range of services, and regional banks, which operate in limited geographic areas [13] Group 2: Investment Rationale - Investors are drawn to bank stocks due to their critical role in the economy, although their performance can be cyclical, reflecting economic conditions [9][10] - Banks primarily earn through the interest-rate spread, charging higher interest on loans than they pay on deposits, making economic activity a key factor in their profitability [10][11] Group 3: Characteristics of Bank Stocks - Diversified banks may offer more stability due to their varied operations, while regional banks can be more volatile but may provide better short-term opportunities for active investors [14][15] - The consolidation trend in the banking industry presents potential for growth, with over 4,600 banks in the U.S. indicating room for mergers and acquisitions [16][17] Group 4: Criteria for Selecting Bank Stocks - Ideal bank stocks should be part of the S&P Composite 1500, have a long-term EPS growth rate of at least 5%, and a trailing-12-month return on equity of at least 10% [18][19][20] - Stocks should also have at least five covering analysts and a consensus Buy rating, indicating strong market interest and positive outlook [21][22]

Technical Analysis - Bar Harbor Bankshares, Inc. (BHB) has reached a significant support level, indicating a potential investment opportunity from a technical perspective [1] - BHB's 50-day simple moving average has recently crossed above its 200-day moving average, forming a "golden cross," which is a bullish signal [1][2] Stock Performance - Over the past four weeks, BHB shares have increased by 12.7%, suggesting positive momentum [3] - The company currently holds a 2 (Buy) rating on the Zacks Rank, indicating potential for further price appreciation [3] Earnings Outlook - There has been one upward revision in earnings estimates for BHB over the past 60 days, with no downward revisions, reflecting a positive earnings outlook for the current quarter [3][5] - The Zacks Consensus Estimate for BHB has also increased, reinforcing the bullish sentiment around the stock [3]