secwatch.observer — SEC 8-K summary
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Issuer:     BAR HARBOR BANKSHARES (BHB)
CIK:        0000743367
Form:       8-K
Filed at:   2023-04-20T23:59:59+00:00
Accession:  0001558370-23-006330
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/743367/000155837023006330/0001558370-23-006330-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/743367/000155837023006330/bhb-20230420x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-006330

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