earnings
confidence high
sentiment neutral
materiality 0.65
BHB reports Q2 net income $10.3M, EPS $0.67 vs $10.8M, $0.71 YoY; dividend $0.30
BAR HARBOR BANKSHARES
2024-Q2 EPS reported
$1.33
- GAAP net income $10.3M ($0.67 diluted) vs $10.8M ($0.71) in Q2 2023; core net income $10.0M ($0.66).
- Net interest margin 3.09%, down from 3.22% a year ago; loan yield up 42bp to 5.41%.
- Commercial loan growth 14% annualized; trust/investment fee income up 14% to $4.2M.
- Non-accruing loans to total loans 0.20%; provision for credit losses $585k vs $750k YoY.
- Board declares $0.30/share dividend (4.46% yield), payable Sep 13 to holders of record Aug 15.