earnings
confidence high
sentiment positive
materiality 0.65
Bar Harbor reports Q4 net income $9.8M ($0.65 EPS), declares $0.24 dividend
BAR HARBOR BANKSHARES
2021-FY EPS reported
$2.61
revenue$28,391,000
- Q4 net income $9.8M ($0.65 diluted EPS) vs $8.6M ($0.58) YoY; core EPS $0.68 vs $0.62.
- Dividend declared $0.24/share, payable Mar 17, 2022 to holders of record Feb 17, 2022; 3.32% annualized yield.
- Net interest margin 2.79% vs 3.02% YoY; normalized NIM expanded to 2.99% from 2.94%.
- Prepaid $70M FHLB borrowings, sold $19M securities; net effect expected to add $0.02 core EPS in Q1 2022.
- Core deposits grew 13% annualized; commercial loans ex-PPP up $49.2M; non-performing loans down to $10.2M.