Bar Harbor Bankshares Q1 net income rises 43% to $0.86 EPS; NIM 3.54%; dividend $0.28

BAR HARBOR BANKSHARES

2023-Q1 EPS reported $0.86

Net income of $13.0M ($0.86 diluted EPS) vs $9.1M ($0.60) a year ago; includes $0.04 one-time BOLI benefit.
Net interest margin expanded to 3.54% from 2.95% as variable-rate loans repriced higher.
Total loans grew $41.3M to $2.9B, led by commercial growth of $35.3M.
Deposits increased $10.4M to $3.1B; non-interest bearing deposits fell $39.6M, with time deposits rising $81.0M.
Board declared $0.28 quarterly dividend (4.23% annualized yield) payable June 16; book value per share $27.00.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BAR HARBOR BANKSHARES reported quarter ended March 31, 2023 results: net income $13.0 million, EPS $0.86 per diluted share.

Period: quarter ended March 31, 2023
Net income: $13.0 million
EPS: $0.86 per diluted share
Result: reported results

Exact text from the filing

Bar Harbor Bankshares (NYSE American: BHB) (the “Company”) reported first quarter 2023 net income of $13.0 million or $0.86 per diluted share compared to $9.1 million or $0.60 per diluted share in the same quarter of 2022.

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Source: SEC EDGAR

accession 0001558370-23-006330

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