earnings
confidence high
sentiment positive
materiality 0.60
Bar Harbor Bankshares Q1 2022 net income $9.1M ($0.60 EPS); dividend raised $0.02 to $0.26
BAR HARBOR BANKSHARES
2022-Q1 EPS reported
$0.60
revenue$7,370,000
- Q1 2022 net income $9.1M, $0.60 diluted EPS vs $0.63 in Q1 2021; core EPS $0.62.
- Net interest margin expanded to 2.95% from 2.88%; commercial loans grew 21% annualized.
- Fee-based revenue up 11% YoY; mortgage banking income fell to $624K from $2.6M.
- Credit quality improved: NPA ratio 0.25% vs 0.38%; net recoveries of $95K.
- Dividend increased $0.02 to $0.26/share, payable June 17; yield 3.63%.