---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-006330"
form_type: "8-K"
ticker: "BHB"
cik: "0000743367"
company_name: "BAR HARBOR BANKSHARES"
filed_at: "2023-04-20T23:59:59+00:00"
generated_at: "2026-06-16T23:03:30.209968+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-23-006330
- form_type: 8-K
- ticker: BHB
- cik: 0000743367
- company_name: BAR HARBOR BANKSHARES
- filed_at: 2023-04-20T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/743367/000155837023006330/0001558370-23-006330-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/743367/000155837023006330/bhb-20230420x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-006330
- JSON: https://secwatch.observer/filing/0001558370-23-006330.json
- Plain text: https://secwatch.observer/filing/0001558370-23-006330.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/743367/000155837023006330/0001558370-23-006330-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.