secwatch.observer — SEC 8-K summary
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Issuer:     BAR HARBOR BANKSHARES (BHB)
CIK:        0000743367
Form:       8-K
Filed at:   2021-10-21T23:59:59+00:00
Accession:  0000743367-21-000023
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bar Harbor Bankshares Q3 net income $11M ($0.73 EPS); declares $0.24 dividend
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/743367/000074336721000023/0000743367-21-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/743367/000074336721000023/bhb-20211021x8k.htm
  HTML page:      https://secwatch.observer/filing/0000743367-21-000023

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer