earnings
confidence high
sentiment positive
materiality 0.75
Bar Harbor Q2 EPS $0.70, up 17% YoY; NIM 3.19%, loan growth 11% annualized
BAR HARBOR BANKSHARES
2022-Q2 EPS reported
$1.30
revenue$14,855,000
- Net income $10.5M ($0.70 diluted) vs $9.0M ($0.60) in Q2 2021; core EPS $0.70.
- Net interest margin 3.19% vs 2.74% YoY; efficiency ratio improved to 59.25% from 63.45%.
- Annualized loan growth 11%, core deposit growth 9%; NPA ratio fell to 0.21% from 0.37%.
- Dividend of $0.26/share declared, payable Sep 16 to holders of record Aug 16, ~4% yield.
- Board authorized stock repurchase up to 5% of shares (~751k); no repurchases in Q2.