BHB - Dividend announcements

BAR HARBOR, ME / ACCESSWIRE / October 22, 2024 / Bar Harbor Bankshares (NYSE: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 HIGHLIGHTSReturn on assets of 1.20%Core deposit growth of 18% annualizedNet interest margin of 3.15%Non-accruing loans to total loans ratio of 0.23%Wealth management related fee income growth of 17% year over yearBar Harbor Bankshares' President and Chief Executive Officer, Curtis C. Simard, stated, "Our teams continue to deliver consistent and resilien

BAR HARBOR, ME / ACCESSWIRE / July 18, 2024 / Bar Harbor Bankshares (NYSE: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 QUARTER 2024 HIGHLIGHTSReturn on assets of 1.04%Commercial loan growth of 14% annualizedNet interest margin ("NIM") of 3.09%Non-accruing loans to total loans ratio of 0.20%14% growth in trust and investment fee incomeBar Harbor Bankshares' President and Chief Executive Officer, Curtis C. Simard, stated, "We deliver

BAR HARBOR, ME / ACCESSWIRE / April 18, 2024 / Bar Harbor Bankshares (NYSE:BHB) (the "Company") reported first quarter 2024 GAAP and core (Non-GAAP) net income of $10.1 million or $0.66 per diluted share compared to $13.0 million or $0.86 per diluted share in the same quarter of 2023.FIRST QUARTER 2024 HIGHLIGHTS• Return on assets of 1.03%• Commercial loan growth of 7% annualized• Net interest margin of 3.14%• Non-accruing loans to total loans ratio of 0.23%Bar Harbor Bankshares' President and Chief Executive Officer, Curtis C. Simard, stated, "We are pleased to announce our financial results for the first quarter, as we deliver stable earnings which are in line with expectations. We continu

BAR HARBOR, ME / ACCESSWIRE / January 23, 2024 / Bar Harbor Bankshares (NYSE:BHB) (the "Company") reported fourth quarter 2023 net income of $9.9 million or $0.65 per diluted share compared to $12.5 million or $0.83 per diluted share in the same quarter of 2022. Core net income (Non-GAAP) in the fourth quarter 2023 was $10.4 million or $0.68 per diluted share compared to $12.5 million or $0.83 per diluted share in the same quarter of 2022. For the full year of 2023, net income was $44.9 million or $2.95 per diluted share compared to $43.6 million and $2.88 per diluted share for 2022.FOURTH QUARTER 2023 HIGHLIGHTS (all comparisons to the fourth quarter 2022)• Return on assets of 1.00% compare

BAR HARBOR, ME / ACCESSWIRE / January 16, 2024 / Bar Harbor Bankshares (NYSE:BHB) (the "Company") announced that its Board of Directors declared at its January 16, 2024 meeting, a quarterly cash dividend of $0.28 per share of common stock to Company shareholders of record at the close of business on February 15, 2024, payable on March 15, 2024. This dividend equates to a 3.81% annualized yield based on the $29.36 closing price of the Company's common stock on December 29, 2023, the last day of trading in 2023.BACKGROUNDBar Harbor Bankshares is the parent company of its wholly owned subsidiary, Bar Harbor Bank & Trust. Founded in 1887, Bar Harbor Bank & Trust is a true community bank serving

BAR HARBOR, ME / ACCESSWIRE / October 17, 2023 / Bar Harbor Bankshares (NYSE:BHB) (the "Company") reported third quarter 2023 net income of $11.1 million or $0.73 per diluted share compared to $11.4 million or $0.76 per diluted share in the same quarter of 2022.THIRD QUARTER 2023 HIGHLIGHTS (all comparisons to the third quarter 2022, unless otherwise noted)1.11% return on assets, 10.72% return on equity10% annualized increase in non-interest bearing deposits4.90% yield on earning assets, compared to 3.84%59% efficiency ratio, compared to 58%0.17% non-performing assets ratio to total assetsBar Harbor Bankshares' President and Chief Executive Officer, Curtis C. Simard, stated, "We delivered an

BAR HARBOR, ME / ACCESSWIRE / July 20, 2023 / Bar Harbor Bankshares (NYSE:BHB) (the "Company") reported second quarter 2023 net income of $10.8 million, or $0.71 per diluted share, compared to $10.5 million, or $0.70 per diluted share, in the same quarter of 2022.SECOND QUARTER 2023 HIGHLIGHTS (all comparisons to the second quarter 2022, unless otherwise noted)$4.0 billion total assets (Company record)1.10% return on assets; 10.49% return on equity12% annualized commercial loan growth3.22% net interest margin ("NIM"), compared to 3.19%0.17% non-performing assets ratio to total assets, compared to 0.21%$27.12 book value per share, compared to $26.09 in the fourth quarter of 2022Bar Harbor Ban

BAR HARBOR, ME / ACCESSWIRE / April 20, 2023 / Bar Harbor Bankshares (NYSE:BHB) (the "Company") reported first quarter 2023 net income of $13.0 million or $0.86 per diluted share compared to $9.1 million or $0.60 per diluted share in the same quarter of 2022.FIRST QUARTER 2023 HIGHLIGHTS (all comparisons to the first quarter 2022, unless otherwise noted)1.36% return on assets, compared to 1.00%12.96% return on equity, compared to 8.89%8% annualized commercial loan growth3.54% net interest margin ("NIM"), compared to 2.95%55% efficiency ratio, compared to 62%0.20% non-performing assets ratio to total assets, compared to 0.25%Book value per share of $27.00, compared with $26.09 in the fourth q

BAR HARBOR, ME / ACCESSWIRE / January 19, 2023 / Bar Harbor Bankshares (NYSE:BHB) (the "Company") reported fourth quarter 2022 net income of $12.5 million or $0.83 per diluted share compared to $9.8 million or $0.65 per diluted share in the same quarter of 2021. Earnings per share in the prior year quarter included a $0.05 per diluted share benefit from Paycheck Protection Program ("PPP") loans. For the full year of 2022, net income was $43.6 million or $2.88 per diluted share compared to $39.3 million and $2.61 per diluted share for 2021, an increase of 11%.FOURTH QUARTER HIGHLIGHTS (all comparisons to the fourth quarter 2021 unless otherwise noted)1.30% return on assets, compared to 1.02%1

BAR HARBOR, ME / ACCESSWIRE / October 19, 2022 / Bar Harbor Bankshares (NYSE:BHB) reported third quarter 2022 net income of $11.4 million or $0.76 per diluted share compared to $11.0 million or $0.73 per diluted share in the same quarter of 2021. Earnings per share in the prior year quarter included a $0.14 per diluted share benefit from Paycheck Protection Program (PPP) loans.THIRD QUARTER HIGHLIGHTS (all comparisons to the third quarter 2021)1.20% return on assets, compared to 1.16%18% annualized loan growth12% annualized core deposit growth3.47% net interest margin, compared to 3.02%58% efficiency ratio, compared to 59%0.20% non-performing assets ratio to total assets, compared to 0.33%Pr

BAR HARBOR, ME / ACCESSWIRE / July 21, 2022 / Bar Harbor Bankshares (NYSE:BHB) reported second quarter 2022 net income of $10.5 million or $0.70 per diluted share compared to $9.0 million or $0.60 per diluted share in the same quarter of 2021. Earnings per share in the prior year quarter included a $0.05 benefit from Paycheck Protection Program (PPP) loans offset by $0.03 of non-core items (non-GAAP).SECOND QUARTER HIGHLIGHTS (ratios compared to the second quarter 2021)1.14% return on assets, compared to 0.97%11% annualized loan growth9% annualized core deposit growth3.19% net interest margin, compared to 2.74%59% efficiency ratio, compared to 63%0.21% non-performing asset ratio to total ass

BAR HARBOR, ME / ACCESSWIRE / April 21, 2022 / Bar Harbor Bankshares (NYSE:BHB) reported first quarter 2022 net income of $9.1 million or $0.60 per diluted share compared to $9.5 million or $0.63 per diluted share in the same quarter of 2021. Paycheck Protection Program (PPP) accretion contributed $0.01 per share in the first quarter of 2022 compared to $0.07 in the same quarter of 2021. Core earnings per diluted share (non-GAAP) for the same periods were $0.62 and $0.68, which excludes one-time severance and contract negotiation costs.FIRST QUARTER HIGHLIGHTS (ratios compared to the first quarter 2021)1.00% return on assets or 1.02% on a core basis (non-GAAP)21% annualized commercial loan g

BAR HARBOR, ME / ACCESSWIRE / January 20, 2022 / Bar Harbor Bankshares (NYSE American:BHB) reported fourth quarter 2021 net income of $9.8 million or $0.65 per diluted share, up from $8.6 million or $0.58 per diluted share in the same quarter of 2020. Core earnings per share (non-GAAP) in the fourth quarter of 2021 was $0.68 compared to $0.62 per share for the same period of 2020.FOURTH QUARTER HIGHLIGHTS (ratios compared to the fourth quarter 2020)1.02% return on assets or 1.07% on a core basis (non-GAAP)13% growth in core pre-tax, pre-provision net revenue, excluding Paycheck Protection Program (PPP) loans13% annualized commercial loan growth, excluding PPP loans13% annualized core deposit

BAR HARBOR, ME / ACCESSWIRE / October 21, 2021 / Bar Harbor Bankshares (NYSE American:BHB) reported third quarter 2021 net income of $11.0 million or $0.73 per diluted share, up from $8.4 million or $0.56 per diluted share in the same quarter of 2020. Core earnings (non-GAAP) were also $11.0 million or $0.73 per diluted share in the third quarter of 2021, compared to $9.2 million, or $0.61 per share for the same period of 2020.THIRD QUARTER HIGHLIGHTS (ratios compared to the third quarter 2020)1.16% return on assets, for both GAAP and non-GAAP measures10% annualized commercial loan growth, excluding Paycheck Protection Program (PPP) loans32% annualized core deposit growth3.02% net interest m

BAR HARBOR, ME / ACCESSWIRE / July 21, 2021 / Bar Harbor Bankshares (NYSE:BHB) reported second quarter 2021 net income of $9.0 million or $0.60 per share from $8.5 million or $0.55 per share in the same quarter of 2020, an increase of 9% in earnings per share. Core earnings (non-GAAP) were $9.4 million, or $0.63 per share, compared to $8.6 million, or $0.56 per share for the same periods. Non-core items (non-GAAP) reduced net income in the second quarter 2021 by $384 thousand, or $0.02 per share.SECOND QUARTER FINANCIAL HIGHLIGHTS (compared to the second quarter 2020, unless otherwise noted)9% growth in earnings per share, 13% growth in core earnings (non-GAAP)0.97% return on assets; 1.01% c

BAR HARBOR, ME / ACCESSWIRE / April 27, 2021 / Bar Harbor Bankshares (NYSE American:BHB) reported a 26% increase in earnings for the first quarter 2021 compared to the same quarter of 2020. Net income in the first quarter 2021 was $9.5 million, or $0.63 per share, compared to $7.7 million, or $0.50 per share in the same quarter of 2020. For the same periods, core earnings (non-GAAP) were $10.2 million, or $0.68 per share, compared to $7.8 million, or $0.50 per share. Non-core charges (non-GAAP) in the first quarter 2021 included a reduction in workforce charges totaling $900 thousand, or $0.05 per share.FIRST QUARTER FINANCIAL HIGHLIGHTS (compared to the first quarter 2020, unless otherwise

BAR HARBOR, ME / ACCESSWIRE / April 22, 2021 / Bar Harbor Bankshares (NYSE American: BHB or the "Company"), announced that its Board of Directors voted at its April 20, 2021 meeting, to increase the quarterly cash dividend by $0.02 per share, or 9%, to $0.24 per share, and declared a dividend of $0.24 to shareholders of record at the close of business May 18, 2021, payable on June 18, 2021. The dividend equates to a 3.26% annualized yield based on a $29.42 closing price of the Company's common stock at the end of the first quarter 2021. Bar Harbor Bankshares is the parent company of its wholly owned subsidiary, Bar Harbor Bank & Trust. Founded in 1887, Bar Harbor Bank & Trust is a true commu

BAR HARBOR, ME / ACCESSWIRE / January 28, 2021 / Bar Harbor Bankshares (NYSE American:BHB) reported fourth quarter 2020 net income of $8.6 million, or $0.58 per share, compared to $4.2 million, or $0.27 per share, in the same quarter of 2019. Core earnings (non-GAAP) in the fourth quarter 2020 increased to $9.2 million compared to $8.8 million in the fourth quarter of 2019, or increased 11% to $0.62 per share, compared to $0.56 per share, respectively. Non-core expenses (non-GAAP) in the fourth quarter 2020 included swap termination costs and profitability initiative costs while the same quarter of 2019 included acquisition, conversion and balance sheet optimization costs. FOURTH QUARTER