earnings
confidence high
sentiment neutral
materiality 0.50
Bar Harbor Bankshares Q3 net income $11.1M ($0.73/share); declares $0.28 dividend
BAR HARBOR BANKSHARES
2023-Q3 EPS reported
$2.30
- Net income $11.1M ($0.73 diluted EPS) vs $11.4M ($0.76) in Q3 2022.
- Net interest margin 3.18%, down 29 bps YoY; loan yield expanded to 5.11% from 4.04%.
- Allowance for credit losses rose to 0.94% of loans (from 0.91%); NPAs remain low at 0.17%.
- Dividend $0.28/share, payable Dec 15, record Nov 16; 4.74% annualized yield at $23.63 close.
- Loans flat at $3.0B, deposits flat at $3.1B; loan-to-deposit ratio improved to 95% from 97%.