Bar Harbor Bankshares Q2 net income $9.0M ($0.60 EPS), up 9% YoY; declares $0.24 dividend

BAR HARBOR BANKSHARES

2021-Q2 EPS reported $1.23 revenue$13,694,000

Net income $9.0M ($0.60 EPS) vs $8.5M ($0.55) in Q2 2020; core EPS $0.63.
Quarterly dividend $0.24/share, payable Sept 17, record Aug 17; 3.35% yield.
Provision benefit of $765K vs $1.4M expense last year; credit quality strong.
Non-interest income ex securities gains up 13%; wealth AUM $2.4B (+12% YoY).
Salaries and benefits down 5% on workforce reduction; annual cost savings >$3.0M.

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