secwatch.observer — SEC 8-K summary
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Issuer:     BAR HARBOR BANKSHARES (BHB)
CIK:        0000743367
Form:       8-K
Filed at:   2024-10-22T23:59:59+00:00
Accession:  0001558370-24-013453
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bar Harbor Bankshares Q3 net income $12.1M, EPS $0.80 up 9% YoY; declares $0.30 dividend
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/743367/000155837024013453/0001558370-24-013453-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/743367/000155837024013453/bhb-20241022x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-013453

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