secwatch.observer — SEC 8-K summary
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Issuer:     BAR HARBOR BANKSHARES (BHB)
CIK:        0000743367
Form:       8-K
Filed at:   2024-01-23T23:59:59+00:00
Accession:  0001558370-24-000436
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/743367/000155837024000436/0001558370-24-000436-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/743367/000155837024000436/bhb-20240123x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-000436

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer