Bar Harbor Bankshares (BHB) Surpasses Q3 Earnings and Revenue Estimates

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$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$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]