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 ...

Exhibit 99.1 2024 Annual Meeting olders BAR HARBOR BAR HARBOR WEALTH MANAGEMENT BANK & TRUST BAR HARBOR BANKSHARES BAR HARBOR FINANCIAL SERVICES acultur (fund Broad Millers, Inc., Formal This presentation, including any oral statements made regarding the contents of this presentation, contains certain statements that are not historical facts that may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange A ...