earnings
confidence high
sentiment positive
materiality 0.75
Bar Harbor Bankshares Q3 net income $11M ($0.73 EPS); declares $0.24 dividend
BAR HARBOR BANKSHARES
2021-Q3 EPS reported
$1.96
revenue$21,077,000
- Net income $11.0M ($0.73 diluted EPS) vs $8.4M ($0.56) in Q3 2020; core EPS $0.73.
- Net interest margin expanded to 3.02% from 2.90%; cost of funds fell to 0.50%.
- Commercial loan growth ex-PPP was 10% annualized; core deposits grew 32% annualized.
- Balance sheet deleveraged: prepaid $89M FHLB advances, sold $44M securities.
- Board declared $0.24/share quarterly dividend, payable Dec 17, 2021 (record Nov 17).