Bar Harbor Bankshares Q3 net income $11.4M ($0.76 EPS) vs $11.0M ($0.73 EPS) year ago

BAR HARBOR BANKSHARES

2022-Q3 EPS reported $2.06 revenue$22,239,000

Net income $11.4M, diluted EPS $0.76; up from $11.0M, $0.73 EPS in Q3 2021.
Net interest margin expanded to 3.47% from 3.02% in Q3 2021.
Annualized loan growth 18%; commercial loans increased $106.4M from Q2 2022.
Declared quarterly dividend $0.26/share, payable Dec 16, 2022 to holders of record Nov 16, 2022.
Core deposits grew 12% annualized; efficiency ratio improved to 58% from 59%.

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