Bar Harbor Bankshares Q4 net income falls to $9.9M from $12.5M; NIM shrinks to 3.17%

BAR HARBOR BANKSHARES

2023-FY EPS reported $2.95

GAAP diluted EPS $0.65 vs $0.83 in Q4 2022; core EPS $0.68.
Net interest margin 3.17% (down from 3.76%) driven by higher funding costs; deposit beta 31%.
Credit stable: NPL ratio 0.18%, net charge-offs 7 bps; provision $687K flat.
Quarter-end book value $28.48, tangible book $20.28; dividend reaffirmed at $0.28/share.
Wealth AUM $2.5B (+$143M YoY); mortgage banking income $515K vs $153K.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BAR HARBOR BANKSHARES reported financial results for the quarter ended December 31, 2023.

Period: the quarter ended December 31, 2023
Result: reported results

Exact text from the filing

On January 23, 2024, we issued a press release reporting our financial results for the quarter ended December 31, 2023

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Source: SEC EDGAR

accession 0001558370-24-000436

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