Bar Harbor Bankshares Q2 net income $10.8M, EPS $0.71, assets $4.0B; declares $0.28 dividend

BAR HARBOR BANKSHARES

2023-Q2 EPS reported $1.57

Q2 2023 net income $10.8M, diluted EPS $0.71 vs $10.5M / $0.70 in Q2 2022; NIM 3.22% vs 3.19%.
Total assets reach record $4.0B; commercial loans grew $56.4M, total loans up $63.5M.
Book value per share $27.12 (vs $26.09 at Q4 2022); tangible book value $18.88 (vs $17.78).
Quarterly cash dividend $0.28/share, payable Sept 15, 2023, record Aug 16, 2023; 4.55% annualized yield.
Non-performing assets ratio improved to 0.17% from 0.21%; allowance for credit losses $27.4M (0.91% of loans).

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 June 30, 2023 results: EPS $0.71 per diluted share.

Period: quarter ended June 30, 2023
EPS: $0.71 per diluted share
Result: reported results

Exact text from the filing

Bar Harbor Bankshares (NYSE American: BHB) (the "Company") reported second quarter 2023 net income of $10.8 million, or $0.71 per diluted share

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Source: SEC EDGAR

accession 0001558370-23-012013

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