Bar Harbor Bankshares: Upgrading To Buy, Earnings Likely To Recover Next Year

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 ...