earnings
confidence high
sentiment positive
materiality 0.75
Bar Harbor Bankshares Q3 net income $12.1M, EPS $0.80 up 9% YoY; declares $0.30 dividend
BAR HARBOR BANKSHARES
2024-Q3 EPS reported
$2.13
- GAAP net income $12.1M ($0.80 diluted EPS) vs $11.1M ($0.73) in Q3 2023; core (non-GAAP) EPS also $0.80.
- Board declared $0.30 quarterly dividend, payable Dec 13, record Nov 14; 3.89% annualized yield based on $30.84 close.
- Core deposit growth 18% annualized; total deposits up $120.6M to $3.3B; non-maturity deposits up 15% annualized.
- Net interest margin 3.15% vs 3.18% a year ago; loan yield rose 52bps to 5.54%; cost of interest-bearing deposits up 64bps to 2.45%.
- Wealth management fee income up 17% YoY to $4.1M; assets under management grew 20% to $2.8B.