secwatch.observer — SEC 8-K summary
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Issuer:     BAR HARBOR BANKSHARES (BHB)
CIK:        0000743367
Form:       8-K
Filed at:   2024-04-18T23:59:59+00:00
Accession:  0001558370-24-005310
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bar Harbor Q1 GAAP EPS $0.66 vs $0.86 YoY; dividend raised 7% to $0.30; authorizes 5% stock buyback
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- Q1 GAAP net income $10.1M ($0.66 diluted EPS), down from $13.0M ($0.86) in Q1 2023.
- Board declared $0.30 quarterly dividend (+7% YoY), payable June 14, 2024 to holders of record May 16, 2024.
- Authorized repurchase of up to 5% of outstanding shares (~761,000) within 12 months.
- Net interest margin compressed to 3.14% from 3.54% a year ago; commercial loans grew 7% annualized.
- Wealth management AUM surpassed $3.0B; non-accruing loans remain low at 0.23% of total loans.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/743367/000155837024005310/0001558370-24-005310-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/743367/000155837024005310/bhb-20240418x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-005310

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