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Bar Harbor Bankshares operates as the holding company for Bar Harbor Bank & Trust that provides banking and nonbanking products and services primarily to consumers and businesses. The company offers 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. It also provides commercial construction loans, such as raw land, land development, and construction of commercial and multifamily residential properties; commercial real estate owner occupied and non-owner occupied loans; tax exempt loans to various state and municipal government entities; commercial and industrial loans, including loans for the purpose of financing working capital and capital investment; residential real estate loans consists of one-to-four family homes; home equity loans; and consumer loans, including personal lines of credit and amortizing loans to qualified individuals for various purposes, such as auto loans, recreational equipment, overdraft protection, and other consumer loans, as well as allowance for credit losses. In addition, the company provides life insurance, annuity, and retirement products; financial planning services; and third-party investment and insurance services. Further, it offers trust and estate administration, wealth advisory, and investment management services to individuals, businesses, not-for-profit organizations, and municipalities; and 401(K) plan, financial, estate and charitable planning, investment management, family office, municipal, and tax services. Bar Harbor Bankshares was founded in 1887 and is headquartered in Bar Harbor, Maine.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $168M | - | $37M | $43M | 6.9% | 12.5% | -15.2% |
| 2024 | $150M | - | $44M | $45M | 9.5% | -2.1% | -2.9% |
| 2023 | $153M | - | $45M | $41M | 10.4% | 3.0% | 3.0% |
| 2022 | $148M | - | $44M | $53M | 11.1% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 148.33 | 152.75 | 149.56 | 168.30 |
| Operating Revenue | - | 148.33 | 152.75 | 149.56 | 168.30 |
| Selling General And Administration | - | 51.24 | 55.96 | 58.67 | 64.49 |
| Interest Income | - | 126.53 | 174.18 | 188.72 | 209.52 |
| Interest Expense | - | 12.84 | 56.51 | 74.89 | 75.04 |
| Net Interest Income | - | 113.68 | 117.68 | 113.84 | 134.48 |
| Pretax Income | - | 54.84 | 57.12 | 52.61 | 45.94 |
| Tax Provision | - | 11.29 | 12.26 | 9.07 | 9.02 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.06 | -0.10 | 0.03 | -2.13 |
| Net Income Continuous Operations | - | 43.56 | 44.85 | 43.54 | 36.92 |
| Net Income From Continuing And Discontinued Operation | - | 43.56 | 44.85 | 43.54 | 36.92 |
| Net Income From Continuing Operation Net Minority Interest | - | 43.56 | 44.85 | 43.54 | 36.92 |
| Net Income | - | 43.56 | 44.85 | 43.54 | 36.92 |
| Net Income Common Stockholders | - | 43.56 | 44.85 | 43.54 | 36.92 |
| Net Income Including Noncontrolling Interests | - | 43.56 | 44.85 | 43.54 | 36.92 |
| Normalized Income | - | 43.78 | 45.22 | 43.40 | 45.64 |
| Diluted NI Availto Com Stockholders | - | 43.56 | 44.85 | 43.54 | 36.92 |
| Basic Average Shares | - | 15.04 | 15.14 | 15.24 | 15.89 |
| Diluted Average Shares | - | 15.11 | 15.20 | 15.31 | 15.96 |
| Reconciled Depreciation | - | 6.42 | 6.33 | 3.42 | 6.15 |
| Total Unusual Items | - | -0.28 | -0.46 | 0.17 | -10.85 |
| Total Unusual Items Excluding Goodwill | - | -0.28 | -0.46 | 0.17 | -10.85 |
| Special Income Charges | - | -0.28 | -0.46 | 0.17 | -10.85 |
| Other Special Charges | - | 0.01 | 0.18 | -0.19 | 0.26 |
| Restructuring And Mergern Acquisition | - | 0.27 | 0.28 | 0.02 | 10.59 |
| Gain On Sale Of Security | - | 0.36 | 0.44 | -0.19 | -3.95 |
| Depreciation Amortization Depletion Income Statement | - | 5.22 | 5.13 | 5.13 | 5.82 |
| Depreciation And Amortization In Income Statement | - | 5.22 | 5.13 | 5.13 | 5.82 |
| General And Administrative Expense | - | 49.68 | 54.26 | 56.66 | 62.46 |
| Other Gand A | 2.86 | - | - | - | - |
| Salaries And Wages | - | 48.66 | 52.52 | 54.85 | 60.53 |
| Insurance And Claims | - | 1.02 | 1.74 | 1.81 | 1.92 |
| Selling And Marketing Expense | - | 1.56 | 1.70 | 2.01 | 2.04 |
| Amortization | - | 0.93 | 0.93 | 0.93 | 1.51 |
| Amortization Of Intangibles Income Statement | - | 0.93 | 0.93 | 0.93 | 1.51 |
| Occupancy And Equipment | - | 13.28 | 13.39 | 13.79 | 14.53 |
| Depreciation Income Statement | - | 4.29 | 4.20 | 4.20 | 4.30 |
| Professional Expense And Contract Services Expense | - | 1.61 | 1.59 | 1.42 | 1.81 |
| Other Non Interest Expense | - | 17.19 | 16.29 | 17.92 | 19.43 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Bar Harbor Banksharesthis co. | BHB | $594M | 16.08↑ premium | 1.11 | 6.9% | - |
| Arrow Financial Corporation | AROW | $610M | 13.88 | 1.41 | 10.2% | - |
| Northpointe Bancshares, Inc. | NPB | $598M | 7.17 | 1.05 | 14.7% | - |
| Northfield Bancorp, Inc. | NFBK | $596M | 748.18 | 0.86 | 0.1% | - |
| Peoples Financial Services Corp. | PFIS |
| - |
| - |
| - |
| - |
| - |
| $596M |
| 10.06 |
| 1.15 |
| 11.4% |
| - |
| Red River Bancshares, Inc. | RRBI | $594M | 13.90 | 1.63 | 11.7% | - |
| Midland States Bancorp, Inc. | MSBI | $591M | -4.76 | 1.30 | -27.3% | - |
| AMERISAFE, Inc. | AMSF | $576M | 12.22 | 2.29 | 18.7% | - |
| PRA Group, Inc. | PRAA | $574M | -1.88 | 0.59 | -31.1% | - |
| Peer Median | - | 11.14 | 1.22 | 10.8% | - | |