BAR HARBOR BANKSHARES

Listed Company

BHBCIK 0000743367NYSEAcceleratedState Commercial BanksMaineFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$36.92M

Total Assets

$4.68B

Equity

$532.54M

Shares Out

16.74M

Op. Cash Flow

$48.28M

Business

BAR HARBOR BANKSHARES is the parent company of Bar Harbor Bank & Trust and provides regional community banking and related financial services across Northern New England. It offers commercial and consumer lending, deposit accounts, treasury and cash management, mortgage banking, investment securities, interest rate derivatives, trust and wealth management, and retail brokerage and insurance products. Its principal operating units include the Bank, Bar Harbor Wealth Management, Cottage Street Corporation, and third‑party brokerage arrangements (Osaic). The company distributes services through branch offices, wealth offices, digital channels, a commercial loan production office, secondary mortgage market sales, and third‑party broker‑dealer relationships in Maine, New Hampshire, and Vermont.

Summary from filing dated 2025-03-11

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Loans	183	164	149	108	95
Securities and other	23	22	22	19	16
Federal Home Loan Bank stock	801,000	958,000	1	—	—
Interest-earning deposits with other banks	2	2	2	—	—
Total interest and dividend income	210	189	174	127	111
Deposits	64	62	38	7	9
Borrowings	12	13	18	6	7
Total interest expense	75	75	57	—	—
Net interest income	134	114	118	114	96
Provision for credit losses on available-for-sale debt securities	636,000	1	—	—	—
Provision for credit losses on loans	5	955,000	3	3	−1
Net interest income after provision for credit losses	129	112	115	111	97
Trust and investment management fee income	16	16	14	15	15
Customer service fees	16	15	15	15	13
(Loss) gain on available-for-sale debt securities, net	−5	50,000	34,000	—	—
Mortgage banking income	2	2	2	2	7
Bank-owned life insurance income	3	2	3	2	2
Customer derivative income	2	928,000	409,000	310,000	1
Other income	1	973,000	893,000	1	1
Total non-interest income	34	37	35	35	42
Salaries and employee benefits	61	55	53	49	47
Occupancy and equipment	15	14	13	13	16
Depreciation	4	4	4	4	—
Gain (loss) on premises and equipment, net	257,000	−192,000	182,000	10,000	378,000
Outside services	2	2	2	2	2
Professional services	2	1	2	2	2
Communication	877,000	759,000	697,000	880,000	912,000
Marketing	2	2	2	2	2
Amortization of intangible assets	2	932,000	932,000	932,000	940,000
FDIC assessment	2	2	2	1	—
Acquisition, conversion and other expenses	11	20,000	283,000	266,000	2
Provision (credit) for unfunded commitments	796,000	−775,000	−85,000	2	177,000
Other expenses	17	16	14	15	15
Total non-interest expense	118	96	93	91	91
Income before income taxes	46	53	57	55	49
Income tax expense	9	9	12	11	9
Net income	37	44	45	44	39
Basic (in dollars per share)	2.32	2.86	2.96	2.9	2.63
Diluted (in dollars per share)	2.31	2.84	2.95	2.88	2.61
Basic (in shares)	16	15	15	15	15
Diluted (in shares)	16	15	15	15	15

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and due from banks	45	34	42	40	34
Interest-earning deposits with other banks	36	38	53	52	217
Total cash and cash equivalents	81	72	95	92	250
Available-for-sale debt securities	597	521	535	560	—
Less: Allowance for credit losses on available-for-sale debt securities	—	−568,000	0	—	—
Net securities	597	520	547	—	—
Federal Home Loan Bank stock	11	12	13	15	7
Loans held for sale	5	1	2	0	6
Total loans held for investment	3,606	3,147	2,999	2,903	—
Less: Allowance for credit losses	−34	−29	−28	−26	−23
Net loans held for investment	3,572	3,118	2,971	2,877	—
Premises and equipment, net	58	51	48	48	49
Other real estate owned	0	0	—	—	—
Goodwill	142	119	119	119	119
Other intangible assets	16	4	5	6	7
Cash surrender value of bank-owned life insurance	96	82	80	81	79
Deferred tax assets, net	30	23	23	24	6
Other assets	75	79	80	88	58
Total assets	4,684	4,083	3,971	3,910	3,709
Non-interest bearing demand	671	576	570	676	664
Interest-bearing demand	1,138	910	947	—	—
Savings	635	546	554	665	629
Money market	465	406	370	478	389
Time	913	830	700	323	426
Total deposits	3,821	3,268	3,141	3,043	3,049
Senior	217	250	271	334	118
Subordinated	53	41	60	60	60
Total borrowings	270	291	332	394	179
Other liabilities	60	67	66	79	58
Total liabilities	4,151	3,625	3,539	3,516	3,285
Capital stock, par value $2.00; authorized 30,000,000 and 20,000,000 shares; issued 17,734,817 and 16,428,388 shares; outstanding 16,702,063 shares and 15,279,783 shares at December 31, 2025 and December 31, 2024, respectively	35	33	33	33	33
Additional paid-in capital	233	195	193	192	191
Retained earnings	314	298	272	244	216
Accumulated other comprehensive loss	−35	−52	−50	−58	2
Less: 1,032,754 and 1,148,605 shares of treasury stock, at cost, at December 31, 2025 and December 31, 2024, respectively	−15	−15	−16	−17	—
Total shareholders' equity	533	458	432	393	424
Total liabilities and shareholders' equity	4,684	4,083	3,971	3,910	3,709

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net income	37	44	45	44	39
Provision for credit losses on loans	5	955,000	3	3	−1
Provision for credit losses on available-for-sale debt securities	636,000	1	—	—	—
Net (accretion) amortization of securities	−399,000	2	2	3	4
Deferred tax (benefit) expense	−64,000	−366,000	−686,000	−707,000	427,000
Change in unamortized net loan costs and premiums	−53,000	−1	−145,000	170,000	−1
Premises and equipment depreciation	4	4	4	4	5
Stock-based compensation expense	3	3	3	2	2
Accretion of purchase accounting entries, net	−3	—	—	—	—
Amortization of other intangibles	2	932,000	932,000	932,000	940,000
Income from cash surrender value of bank-owned life insurance policies	−3	−2	−3	−2	−2
Loss (gain) on available-for-sale debt securities	5	−50,000	−34,000	—	—
Decrease (increase) right-of-use lease assets	336,000	−2	1	1	1
(Decrease) increase in lease liabilities	−421,000	2	−1	−1	−984,000
Loss (gain) on premises and equipment, net	257,000	−192,000	182,000	10,000	378,000
Originations of loans held for sale	−58	−54	−41	−33	−171
Proceeds from loans held for sale	53	55	39	—	—
Net change in other assets and liabilities	2	−565,000	−5	−4	−2
Net cash provided by operating activities	48	52	47	56	59
Proceeds from maturities, calls and prepayments of available-for-sale debt securities	100	64	42	81	204
Proceeds from sales of available-for-sale debt securities	44	—	—	7	93
Purchases of available-for-sale debt securities	−91	−53	−8	−109	−250
Net change in loans	−42	−147	−97	−371	—
Purchase of Federal Home Loan Bank stock	−12	−21	−18	−11	−3
Proceeds from redemption of Federal Home Loan Bank stock	17	22	20	4	9
Purchase of premises and equipment	−5	−7	−7	−3	−2
Proceeds from sale of premises held for sale	406,000	1	413,000	—	288,000
Proceeds from death benefit of bank-owned life insurance policy	—	—	4	—	1
Cash received from acquisitions, net	78	—	—	—	—
Net cash provided by (used in) investing activities	89	−142	−62	−409	−5
Net change in deposits	22	127	98	−5	142
Net change in short-term borrowings	−115	−21	−61	236	1
Repayments of long-term borrowings	−14	−10,000	−2	−20	—
Net change in subordinated debt	—	159,000	—	—	—
Repayments of subordinated debt	—	−20	—	—	—
Net issuance to employee stock plans	−827,000	−1	−805,000	−215,000	−615,000
Cash dividends paid on common stock	−20	−18	−17	−15	−14
Net cash (used in) provided by financing activities	−128	67	17	195	−30
Net change in cash and cash equivalents	9	−23	3	−158	24
Interest paid	73	73	52	12	16
Income taxes paid, net	7	10	15	11	9
Transfer of non-cash assets	1	—	—	—	—
Assets acquired in acquisition of Guaranty Bancorp, Inc., excluding cash received	581	—	—	—	—
Liabilities assumed in acquisition of Guaranty Bancorp, Inc.	641	—	—	—	—
Common stock issued for Acquisition of Guaranty Bancorp, Inc.	39	—	—	—	—

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