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]

Financial Performance - Fourth quarter 2024 GAAP and core net income was $11.0 million or $0.72 per diluted share, up from $9.9 million or $0.65 per diluted share in Q4 2023[1]. - Net earnings per diluted share for Q4 2024 were $0.72, a decrease of 10% from $0.80 in Q3 2024[33]. - Core earnings per diluted share for Q4 2024 were also $0.72, compared to $0.80 in Q3 2024, indicating a consistent performance trend[33]. - Net income for Q4 2024 was $10,999,000, a decrease of 9.8% from $12,193,000 in Q3 2024[44]. - Basic earnings per share for Q4 2024 was $0.72, down from $0.80 in Q3 2024, representing a decline of 10%[44]. - Total revenue for the quarter was $38,459,000, slightly down from $38,611,000 in the previous quarter, a decrease of 0.4%[52]. Asset and Loan Growth - Total assets increased to $4.1 billion at the end of Q4 2024, compared to $4.0 billion at the end of Q3 2024, primarily due to steady loan growth[8]. - Total assets increased to $4,083 million in Q4 2024 from $4,030 million in Q3 2024, reflecting a growth of 1.3%[33]. - Total loans reached $3,147 million in Q4 2024, up from $3,082 million in Q3 2024, marking a growth of 2.1%[33]. - Total loans increased to $3,098,082,000 in Q4 2024 from $3,071,638,000 in Q3 2024, reflecting a growth of 0.9%[48]. - Commercial loan growth was 14% annualized, with total loans growing by $65.4 million or 8% on an annualized basis[6][10]. - Commercial real estate loans grew by 15% quarter-over-quarter, reaching $1,741,223 thousand[39]. Income and Revenue - Total interest and dividend income rose by 3.7% to $47.5 million in Q4 2024, driven by the repricing of adjustable-rate loans[18]. - Total interest and dividend income for Q4 2024 was $47,483,000, a slight decrease from $48,580,000 in Q3 2024[44]. - Net interest income for the quarter was $29,067 thousand, slightly up from $28,793 thousand in the previous year[43]. - Net interest income after provision for credit losses was $28,043,000 in Q4 2024, compared to $28,730,000 in Q3 2024, reflecting a decrease of 2.4%[44]. - Non-interest income increased to $9.4 million in Q4 2024, with wealth management income growing 9.1% year-over-year[21]. - Non-interest income totaled $9,392 thousand for the quarter, up from $8,696 thousand in the previous year[43]. Dividends and Shareholder Equity - The Board declared a cash dividend of $0.30 per share, equating to a 3.92% annualized yield based on the closing share price of $30.58 on December 31, 2024[5]. - Total shareholders' equity increased to $458 million in Q4 2024 from $460 million in Q3 2024, reflecting a minor decrease of 0.4%[33]. Credit Quality and Allowance for Losses - The allowance for credit losses on loans decreased to $28.7 million, reflecting strong asset quality metrics and a stable coverage ratio of 0.91%[13]. - The allowance for credit losses as a percentage of total loans was 0.91%, consistent with the previous quarter[51]. - The provision for credit losses on loans was $(147,000) in Q4 2024, a significant improvement from $228,000 in Q3 2024[44]. - Total non-performing assets increased to $12,754,000 from $7,100,000 in the previous quarter, representing an increase of 79.5%[51]. Efficiency and Cost Management - The efficiency ratio improved to 59.84% in Q4 2024 from 62.09% in Q3 2024, suggesting better cost management[33]. - Total non-interest expense for the quarter was $23,885,000, a decrease from $24,772,000 in the previous quarter, reflecting a reduction of 3.6%[52]. - The net interest margin remained stable at 3.17% in Q4 2024, with the yield on loans increasing to 5.40% from 5.24% in Q4 2023[17]. - The net interest margin for Q4 2024 was 3.17%, slightly up from 3.15% in Q3 2024, indicating stable interest income generation[33].

Core Viewpoint - Bar Harbor Bankshares (BHB) has experienced an 8.7% decline in share price over the past two weeks, but the formation of a hammer chart pattern suggests a potential trend reversal due to increased buying interest and support from bulls [1]. Group 1: Technical Analysis - The hammer chart pattern indicates a potential bottoming out of the stock, suggesting that selling pressure may be subsiding [1]. - A hammer pattern forms when there is a small candle body with a long lower wick, signaling that bears may be losing control during a downtrend [2]. - The occurrence of a hammer pattern at the bottom of a downtrend can signal a potential trend reversal, as buying interest emerges after reaching a new low [2]. Group 2: Fundamental Analysis - There has been a positive trend in earnings estimate revisions for BHB, with the consensus EPS estimate increasing by 5.2% over the last 30 days, indicating strong agreement among analysts about the company's improved earnings potential [3]. - BHB holds a Zacks Rank of 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which typically outperform the market [3]. - The Zacks Rank serves as a timing indicator, suggesting that BHB's prospects are beginning to improve, reinforcing the bullish case for the stock [3].

Interest Rate Risk Management - As of September 30, 2024, the bank's net interest income sensitivity analysis indicates a potential deterioration of $5,070,000 (4.1%) over the next 12 months if interest rates decline by 200 basis points [274]. - If interest rates increase by 200 basis points, net interest income is expected to improve by $5,162,000 (4.2%) over the next 12 months [275]. - The bank's balance sheet was asset sensitive over the one- and two-year horizons as of September 30, 2024, indicating increased asset sensitivity compared to the previous year [274]. - The bank's Asset Liability Management Policy establishes interest rate risk limits to control variability of net interest income under different rate scenarios [269]. - Interest rate risk management is overseen by the Asset and Liability Committee (ALCO), which meets regularly to review balance sheet structure and formulate strategies [266]. - The bank utilizes a widely recognized interest rate risk model to simulate the behavior of interest income and expense under various interest rate scenarios [270]. - As of September 30, 2023, a 200 basis point decline in interest rates would result in a deterioration of net interest income by $4,125,000 (3.2%) over the next 12 months [278]. - The bank's interest rate risk sensitivity modeling incorporates various assumptions about the balance sheet's evolution and interest rate environments [271]. Internal Control and Litigation - There were no changes in internal control over financial reporting that materially affected the bank's financial reporting during the last fiscal quarter [281]. - Management believes the likelihood of adverse effects from ongoing litigation is remote, but acknowledges potential costs and reputational impacts [282].

Company Performance - Bar Harbor Bankshares (BHB) reported quarterly earnings of $0.80 per share, exceeding the Zacks Consensus Estimate of $0.68 per share, and up from $0.73 per share a year ago, representing an earnings surprise of 17.65% [1] - The bank's revenues for the quarter ended September 2024 were $38.61 million, surpassing the Zacks Consensus Estimate by 3.52%, and compared to $38 million in the same quarter last year [1] - Over the last four quarters, Bar Harbor has surpassed consensus EPS estimates three times and has topped consensus revenue estimates three times as well [1] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.68 on revenues of $37.6 million, and for the current fiscal year, it is $2.68 on revenues of $148 million [4] - The estimate revisions trend for Bar Harbor is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [4] Industry Context - The Banks - Northeast industry, to which Bar Harbor belongs, is currently in the top 21% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [5] - Another bank in the same industry, Northeast Community Bancorp (NECB), is expected to report quarterly earnings of $0.91 per share, reflecting a year-over-year increase of 13.8%, with a 29.9% upward revision in the consensus EPS estimate over the last 30 days [5]

Exhibit 99.1 Bar Harbor Bankshares Reports Third Quarter 2024 Results; Declares Dividend BAR HARBOR, MAINE – October 22, 2024 - Bar Harbor Bankshares (NYSE American: BHB) (the "Company") reported third quarter 2024 GAAP and core (Non-GAAP) net income of $12.1 million or $0.80 per diluted share compared to GAAP and core (Non-GAAP) net income of $11.1 million or $0.73 per diluted share in the same quarter of 2023. THIRD QUARTER 2024 HIGHLIGHTS • Return on assets of 1.20% • Core deposit growth of 18% annualize ...

Earnings of Bar Harbor Bankshares (NYSE: NYSE: BHB ) will likely decline this year on the back of margin compression. However, close-to-normal loan growth will likely lift earnings soon. Overall, I'm expecting the company to report earnings of $2.67 per share for 2024, down 10% year-over-year. Compared Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article my ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: June 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-13349 BAR HARBOR BANKSHARES (Exact name of registrant as specified in its charter) Maine 01-0393663 (State or other jurisdi ...

Bar Harbor Bankshares (NYSE:BHB) is a regional bank in the New England area and a stock that has been relatively stable. Now, along with many in the sector, it is at a 52-week-high. At these levels, we are neutral on the bank, but we do like that the bank continues to raise its dividend (apart from in the pandemic-impacted year), making it attractive for dividend growth investors. Seeking Alpha BHB Dividend History In its just-announced quarter, Bar Harbor saw revenues that were down slightly from last year ...

Bar Harbor Bankshares (BHB) came out with quarterly earnings of $0.66 per share, missing the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.71 per share a year ago. These figures are adjusted for non-recurring items. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Bar Harbor shares have added about 8% since the beginning of the year versus the S&P 500's gain of 17.2%. There are no easy answers to this key question, but one reliable me ...