Bar Harbor Bankshares (BHB) 10-Year Financial Performance & Capital Metrics

BHB • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingNortheast Community Banks

AboutBar Harbor Bankshares operates as the holding company for Bar Harbor Bank & Trust that provides commercial, lending, retail, and wealth management banking services. It accepts various deposit products, including interest-bearing and non-interest-bearing demand accounts, savings accounts, time deposits, and money market deposit accounts, as well as certificates of deposit. The company also provides commercial real estate loans, such as multi-family, commercial construction and land development, and other commercial real estate classes; commercial and industrial loans, including loans to commercial and agricultural businesses, and tax exempt entities; residential real estate loans consists of mortgages for 1-4 family housing; and consumer loans comprises home equity loans, lines of credit, auto, and other installment lending. In addition, it provides life insurance, annuity, and retirement products, as well as financial planning services; and third-party investment and insurance services. Further, the company offers trust and estate administration, wealth advisory, and investment management services to individuals, businesses, not-for-profit organizations, and municipalities; and 401K plan, financial, estate and charitable planning, investment management, family office, municipal, and tax services. It operates 53 locations across Maine, New Hampshire, and Vermont. The company was founded in 1887 and is based in Bar Harbor, Maine.Show more

Net Interest Income $114M -3.3%
Total Revenue $224M +49.2%
Net Income $44M -2.9%
Return on Equity 9.78% -10.0%
Net Interest Margin 2.79% -5.9%
Efficiency Ratio 43.11% -14.4%
ROA 1.08% -5.0%
Equity / Assets 11.23% +3.2%
Book Value per Share 29.94 +5.3%
Tangible BV/Share 21.88 +8.0%
Debt/Equity 0.63 -9.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 43.1% efficiency ratio
✓14 consecutive years of dividend growth
✓Well capitalized: 11.2% equity/assets
✓Healthy dividend yield of 3.5%
✓Trading at only 1.1x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y13.91%

5Y6.42%

3Y13.61%

TTM-

Profit (Net Income) CAGR

10Y11.54%

5Y14%

3Y3.48%

TTM-14.9%

EPS CAGR

10Y5.71%

5Y14.39%

3Y2.86%

TTM-16.55%

ROCE

10Y Avg6.27%

5Y Avg7.33%

3Y Avg10.79%

Latest9.11%

Peer Comparison

Northeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DCOMDime Community Bancshares, Inc.	1.37B	31.13	56.60	0.1%	4.5%	4.02%	6.79%	0.70
EBCEastern Bankshares, Inc.	4.4B	19.56	29.64	91.64%	11.17%	1.3%	6.14%	0.01
LYGLloyds Banking Group plc	80.5B	5.48	21.92	10.79%	11.75%	9.93%		1.76
CFGCitizens Financial Group, Inc.	26.03B	60.61	20.00	1.31%	12.22%	6.6%	7.22%	0.51
PFSProvident Financial Services, Inc.	2.65B	20.29	19.32	63.91%	10.13%	7.51%	16.04%	0.93
CBUCommunity Bank System, Inc.	3.3B	62.73	18.24	24.44%	19.4%	10.34%	6.71%	0.57
VLYValley National Bancorp	6.7B	12.02	17.42	6.51%	10.65%	6.53%	8.18%	0.50
INDBIndependent Bank Corp.	3.8B	76.62	16.95	6.89%	19.72%	7.76%	5.51%	0.23

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	44.83M	45.37M	92.16M	90.88M	89.81M	99.18M	95.57M	113.68M	117.67M	113.84M
NII Growth %	0.03%	0.01%	1.03%	-0.01%	-0.01%	0.1%	-0.04%	0.19%	0.04%	-0.03%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	55.22M	57.49M	116.07M	127.45M	135.39M	126.1M	110.8M	126.53M	174.18M	188.72M
Interest Expense	10.39M	12.11M	23.91M	36.57M	45.58M	26.92M	15.23M	12.85M	56.51M	74.89M
Loan Loss Provision	1.78M	979K	2.79M	2.78M	2.32M	5.67M	-1.13M	4.66M	-56.51M	180K
Non-Interest Income+	8.98M	12.35M	25.98M	27.93M	29.07M	42.96M	42.26M	34.65M	-23.77M	35.72M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	64.2M	69.84M	142.05M	155.39M	164.46M	169.06M	153.06M	161.17M	150.41M	224.44M
Revenue Growth %	0.05%	0.09%	1.03%	0.09%	0.06%	0.03%	-0.09%	0.05%	-0.07%	0.49%
Non-Interest Expense	30.91M	35.94M	72.73M	75.54M	89.73M	94.81M	90.33M	88.82M	75.75M	96.76M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	21.12M	20.81M	42.62M	40.5M	26.83M	41.65M	48.63M	54.84M	74.66M	52.61M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.03%	-0.01%	1.05%	-0.05%	-0.34%	0.55%	0.17%	0.13%	0.36%	-0.3%
Pretax Income+	21.12M	20.81M	42.62M	40.5M	26.83M	41.65M	48.63M	54.84M	57.12M	52.61M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	5.97M	5.88M	16.63M	7.56M	4.21M	8.41M	9.33M	11.29M	12.27M	9.07M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	15.15M	14.93M	25.99M	32.94M	22.62M	33.24M	39.3M	43.56M	44.85M	43.54M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.04%	-0.01%	0.74%	0.27%	-0.31%	0.47%	0.18%	0.11%	0.03%	-0.03%
Net Income (Continuing)	15.15M	14.93M	25.99M	32.94M	22.62M	33.24M	39.3M	43.56M	44.85M	43.54M
EPS (Diluted)+	1.67	1.63	1.70	2.12	1.45	2.18	2.61	2.88	2.95	2.84
EPS Growth %	0.02%	-0.02%	0.04%	0.25%	-0.32%	0.5%	0.2%	0.1%	0.02%	-0.04%
EPS (Basic)	1.69	1.65	1.71	2.13	1.46	2.18	2.63	2.90	2.96	2.86
Diluted Shares Outstanding	9.09M	9.14M	15.29M	15.56M	15.59M	15.27M	15.05M	15.11M	15.2M	15.31M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	9.72M	8.44M	90.69M	98.75M	56.91M	226.01M	250.39M	92.3M	94.84M	72.16M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	1.49B	1.65B	3.19B	3.2B	3.29B	1.17B	3.13B	3.44B	3.51B	3.64B
Investments Growth %	0.08%	0.11%	0.94%	0%	0.03%	-0.64%	1.68%	0.1%	0.02%	0.04%
Long-Term Investments	980.63M	1.12B	2.47B	2.48B	2.63B	585.05M	2.51B	2.88B	2.97B	3.12B
Accounts Receivables	0	0	0	0	0	0	0	0	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	4.93M	4.93M	100.08M	100.08M	118.65M	119.48M	119.48M	119.48M	119.48M	119.48M
Intangible Assets	0	377K	8.38M	7.46M	8.64M	7.67M	6.73M	5.8M	4.87M	3.94M
PP&E (Net)	20.67M	23.42M	47.71M	48.8M	51.2M	52.46M	49.38M	47.62M	48.29M	51.24M
Other Assets	59.13M	64.69M	120.61M	141.67M	140.89M	-1.75M	144.71M	183.82M	172.76M	173.15M
Total Current Assets	514.69M	537.29M	807.93M	824.59M	720.14M	811.05M	868.66M	651.81M	629.42M	592.61M
Total Non-Current Assets	1.07B	1.22B	2.76B	2.78B	2.95B	764.65M	2.84B	3.26B	3.34B	3.49B
Total Assets+	1.58B	1.76B	3.57B	3.61B	3.67B	3.73B	3.71B	3.91B	3.97B	4.08B
Asset Growth %	0.08%	0.11%	1.03%	0.01%	0.02%	0.02%	-0%	0.05%	0.02%	0.03%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	474.79M	931.08M	829.72M	723.8M	531.32M	336.02M	178.52M	394.25M	301.5M	290.6M
Net Debt	465.07M	922.64M	739.04M	625.04M	474.41M	110.02M	-71.86M	301.95M	206.66M	218.44M
Long-Term Debt	140.88M	536.6M	829.72M	723.8M	183.2M	242.57M	83.72M	62.88M	60.74M	40.89M
Short-Term Debt	333.91M	394.48M	0	0	348.12M	93.45M	94.8M	331.37M	240.76M	249.71M
Other Liabilities	8.32M	-382.77M	28.74M	30.87M	45.65M	0	58.02M	78.68M	96.16M	66.61M
Total Current Liabilities	1.28B	1.44B	2.35B	2.48B	3.04B	93.45M	3.14B	3.37B	3.38B	3.52B
Total Non-Current Liabilities	149.21M	153.83M	858.46M	754.67M	228.85M	242.57M	141.74M	141.55M	156.9M	107.5M
Total Liabilities	1.43B	1.6B	3.21B	3.24B	3.27B	3.31B	3.29B	3.52B	3.54B	3.62B
Total Equity+	154.15M	156.74M	354.64M	370.58M	396.41M	411.34M	424.15M	393.45M	432.06M	458.43M
Equity Growth %	0.05%	0.02%	1.26%	0.04%	0.07%	0.04%	0.03%	-0.07%	0.1%	0.06%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.1%	0.1%	0.1%	0.09%	0.06%	0.08%	0.09%	0.11%	0.11%	0.1%
Book Value per Share	16.96	17.14	23.19	23.81	25.43	26.94	28.19	26.04	28.43	29.94
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	13.58M	13.58M	32.86M	32.86M	32.86M	32.86M	32.86M	32.86M	32.86M	32.86M
Additional Paid-in Capital	21.62M	23.03M	186.7M	187.65M	188.54M	190.08M	190.88M	191.92M	193.11M	194.61M
Retained Earnings	122.26M	130.49M	144.98M	166.53M	175.78M	195.61M	215.59M	243.81M	272.1M	297.86M
Accumulated OCI	3.63M	-4.33M	-4.55M	-11.8M	3.91M	11.02M	2.3M	-58.34M	-49.86M	-51.54M
Treasury Stock	-6.94M	-6.03M	-5.34M	-4.66M	-4.68M	-18.22M	-17.48M	-16.8M	-16.15M	-15.36M
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	20.33M	16.79M	40.13M	37.72M	30.07M	38.17M	60.48M	57.6M	47.4M	52.37M
Operating CF Growth %	0.31%	-0.17%	1.39%	-0.06%	-0.2%	0.27%	0.58%	-0.05%	-0.18%	0.1%
Net Income	15.15M	14.93M	25.99M	32.94M	22.62M	33.24M	39.3M	43.56M	44.85M	43.54M
Depreciation & Amortization	1.8M	1.64M	4.37M	4.53M	5M	5.8M	5.54M	5.17M	6.31M	3.42M
Deferred Taxes	142K	470K	6.89M	-443K	1.02M	-38K	427K	-707K	-686K	-366K
Other Non-Cash Items	2.25M	-807K	2.27M	2.32M	-6.58M	282K	13.45M	9.42M	452K	1.24M
Working Capital Changes	170K	-726K	-654K	-2.97M	6.65M	-2.68M	-382K	-1.78M	-6.18M	1.25M
Cash from Investing+	-127.98M	-181.89M	-159.01M	-43.96M	-78.65M	142.75M	-6.06M	-410.58M	-62.29M	-141.88M
Purchase of Investments	-168.43M	-210.82M	-172.12M	-147.35M	-129.21M	-218.32M	-250.91M	-110.71M	-7.52M	-53.5M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	39.54M	0	-18.38M	-340K	34.6M	0	0	0
Other Investing	-87.24M	-142.73M	-146.45M	-16.56M	-129.52M	63.15M	7.68M	-378.22M	-90.42M	-152.78M
Cash from Financing+	107.57M	163.81M	201.12M	14.31M	6.73M	-11.82M	-30.03M	194.88M	17.43M	66.83M
Dividends Paid	-6.04M	-6.58M	-11.51M	-12.18M	-13.37M	-13.42M	-14.07M	-15.33M	-16.57M	-17.79M
Share Repurchases	-24K	-497K	-282K	-324K	-239K	-14.19M	-1.53M	0	0	0
Stock Issued	0	0	0	0	0	0	1.53M	-215K	-805K	-1M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	1000K	-1000K	-1000K	-1000K	-1000K	1000K	-1000K	-1000K
Other Financing	87.05M	109.08M	152.87M	132.6M	211.72M	211.08M	142.33M	-5.11M	97.73M	126.53M
Net Change in Cash+	-80K	-1.28M	82.25M	8.07M	-41.84M	169.1M	24.38M	-158.09M	2.55M	-22.68M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	9.8M	9.72M	8.44M	90.69M	98.75M	56.91M	226.01M	250.39M	92.3M	94.84M
Cash at End	9.72M	8.44M	90.69M	98.75M	56.91M	226.01M	250.39M	92.3M	94.84M	72.16M
Interest Paid	10.36M	11.94M	21.4M	36.51M	45.76M	27.42M	16.35M	12.45M	51.97M	12.45M
Income Taxes Paid	5.57M	6.29M	9.08M	9.89M	2.37M	10.04M	8.86M	10.6M	15.03M	9.86M
Free Cash Flow+	18.46M	12.49M	36.98M	32.93M	20.89M	31.4M	58.76M	55.08M	40.87M	44.98M
FCF Growth %	0.36%	-0.32%	1.96%	-0.11%	-0.37%	0.5%	0.87%	-0.06%	-0.26%	0.1%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	10.09%	9.61%	10.17%	9.08%	5.9%	8.23%	9.41%	10.65%	10.87%	9.78%
Return on Assets (ROA)	1%	0.9%	0.98%	0.92%	0.62%	0.9%	1.06%	1.14%	1.14%	1.08%
Net Interest Margin	2.84%	2.58%	2.58%	2.52%	2.45%	2.66%	2.58%	2.91%	2.96%	2.79%
Efficiency Ratio	48.14%	51.46%	51.2%	48.61%	54.56%	56.08%	59.01%	55.11%	50.36%	43.11%
Equity / Assets	9.76%	8.93%	9.95%	10.27%	10.8%	11.04%	11.43%	10.06%	10.88%	11.23%
Book Value / Share	16.96	17.14	23.19	23.81	25.43	26.94	28.19	26.04	28.43	29.94
NII Growth	3.01%	1.2%	103.1%	-1.38%	-1.18%	10.43%	-3.64%	18.95%	3.51%	-3.26%
Dividend Payout	39.86%	44.04%	44.26%	36.99%	59.09%	40.36%	35.81%	35.2%	36.93%	40.85%

Revenue by Segment

	2018	2019	2020	2021	2022
Trust management fees	-	-	-	13.49M	13.02M
Trust management fees Growth	-	-	-	-	-3.51%
Interchange fees	-	-	-	7.37M	7.74M
Interchange fees Growth	-	-	-	-	4.99%
Customer deposit fees	-	-	-	4.91M	5.93M
Customer deposit fees Growth	-	-	-	-	21.00%
Financial services fees	-	-	-	1.68M	1.55M
Financial services fees Growth	-	-	-	-	-7.90%
Other customer service fees	-	-	-	939K	1.12M
Other customer service fees Growth	-	-	-	-	19.28%
Fiduciary And Trust	-	-	12.25M	-	-
Fiduciary And Trust Growth	-	-	-	-	-
Debit Card	-	-	6.67M	-	-
Debit Card Growth	-	-	-	-	-
Deposit Account	-	-	3.75M	-	-
Deposit Account Growth	-	-	-	-	-
Investment Advisory Management And Administrative Service	-	-	1.13M	-	-
Investment Advisory Management And Administrative Service Growth	-	-	-	-	-
Financial Service Other	-	-	913K	-	-
Financial Service Other Growth	-	-	-	-	-
Fiduciary and Trust	11.02M	11.1M	-	-	-
Fiduciary and Trust Growth	-	0.74%	-	-	-
Credit Card Interchange Fees	4.43M	4.9M	-	-	-
Credit Card Interchange Fees Growth	-	10.49%	-	-	-
Customer Deposit Fees	3.8M	4.28M	-	-	-
Customer Deposit Fees Growth	-	12.66%	-	-	-
Financial Service	968K	966K	-	-	-
Financial Service Growth	-	-0.21%	-	-	-
Other Customer Service Fee	1.3M	946K	-	-	-
Other Customer Service Fee Growth	-	-27.45%	-	-	-

Frequently Asked Questions

Valuation & Price

Bar Harbor Bankshares (BHB) has a price-to-earnings (P/E) ratio of 11.6x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Bar Harbor Bankshares (BHB) grew revenue by 49.2% over the past year. This is strong growth.

Yes, Bar Harbor Bankshares (BHB) is profitable, generating $36.2M in net income for fiscal year 2024 (19.4% net margin).

Dividend & Returns

Yes, Bar Harbor Bankshares (BHB) pays a dividend with a yield of 3.53%. This makes it attractive for income-focused investors.

Bar Harbor Bankshares (BHB) has a return on equity (ROE) of 9.8%. This is below average, suggesting room for improvement.

Industry Metrics

Bar Harbor Bankshares (BHB) has a net interest margin (NIM) of 2.8%. NIM has been under pressure due to interest rate environment.

Bar Harbor Bankshares (BHB) has an efficiency ratio of 43.1%. This is excellent, indicating strong cost control.

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