earnings
confidence high
sentiment positive
materiality 0.75
Bar Harbor Bankshares Q4 net income $12.5M ($0.83 EPS), up 28% YoY; declares $0.26 dividend
BAR HARBOR BANKSHARES
2022-FY EPS reported
$2.88
revenue$29,364,000
- Q4 2022 net income $12.5M ($0.83 diluted EPS) vs $9.8M ($0.65) in Q4 2021, a 28% increase.
- Net interest margin expanded 97 bps to 3.76% from 2.79%; commercial loans grew 11% annualized.
- Non-performing assets ratio improved to 0.17% from 0.27%; net recovery of $155k on charged-off loans.
- Board declared $0.26 per share cash dividend, record Feb 16, payable Mar 16, 2023; 3.25% yield.