Bar Harbor Bankshares (BHB) Misses Q1 Earnings and Revenue Estimates

Group 1 - Bar Harbor Bankshares (BHB) reported quarterly earnings of $0.68 per share, missing the Zacks Consensus Estimate of $0.69 per share, but showing an increase from $0.66 per share a year ago, resulting in an earnings surprise of -1.45% [1] - The company posted revenues of $37.93 million for the quarter ended March 2025, which was below the Zacks Consensus Estimate by 0.46%, and an increase from $36.64 million year-over-year [2] - Bar Harbor has surpassed consensus EPS estimates two times over the last four quarters and topped consensus revenue estimates three times during the same period [2] Group 2 - The stock has lost approximately 6.7% since the beginning of the year, while the S&P 500 has declined by 10.3% [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 next quarter is $0.71 on revenues of $38.7 million, and for the current fiscal year, it is $2.84 on revenues of $155.4 million [7] Group 3 - The Zacks Industry Rank indicates that the Banks - Northeast sector is currently in the top 23% of over 250 Zacks industries, suggesting a favorable outlook for stocks in this category [8] - The estimate revisions trend for Bar Harbor is mixed, resulting in a Zacks Rank 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6]