Bar Harbor Bankshares Stock News

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BAR HARBOR, ME / ACCESSWIRE / 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 ...

The loan growth outlook is positive thanks to interest rate cuts, stability in housing prices, and New England's consistently low unemployment rates. Interest rate cuts will likely pressurize the margin. I've reduced my margin estimate following the first half's disappointing performance. The December 2025 target price suggests a small price upside. Further, BHB is offering an attractive divide...

Bar Harbor Bankshares is a stable regional bank at a 52-week high, with a reliable dividend for income investors. Revenues are stabilizing, with loan growth in the commercial segment driving positive results in a tough macro environment. Return metrics are strong, with improving return on assets and equity and a decreasing non-performing asset ratio, making the bank a quality investment option.

BAR HARBOR, ME / ACCESSWIRE / July 18, 2024 / Bar Harbor Bankshares (NYSE American:BHB) (the "Company") reported second quarter 2024 GAAP net income of $10.3 million and $0.67 per diluted share and core (Non-GAAP) net income of $10.0 million or $0.66 per diluted share compared to GAAP and core (Non-GAAP) net income $10.8 million or $0.71 per diluted share in the same quarter of 2023. SECOND QUA...