BAR HARBOR BANKSHARES

For the period ended Jun 30, 2026. Filed Aug 5, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2026 · Filed Aug 5, 2026

BHB$41.33-0.8%Stored close · as of Nov 10, 2026

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Contents

Reconciliation of Non-GAAP Financial Measures

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES** (UNAUDITED)**

The following reconciliation table provides a more detailed analysis of these, and reconciliation for, each of non-GAAP financial measures:


· · · · Three Months Ended June 30, · · Six Months Ended June 30,
(in thousands) · · Calculations · · 2026 · · 2025 · · 2026 · · 2025
Net income	(R)	$15,221	$6,092	$28,758	$16,303
Non-recurring items:
Loss (gain) on available-for-sale debt securities		25	4,942	25	4,942
Gain on sale of premises and equipment, net		—	3	134	93
(Gain) loss and other expenses on other real estate owned		273	—	273	—
Acquisition, conversion and other expenses		(36)	1,205	1,419	1,444
Income tax expense (1)		(65)	(1,492)	(456)	(1,572)
Total non-recurring items		197	4,658	1,395	4,907
Total adjusted income(2)	(A)	$15,418	$10,750	$30,153	$21,210

Net interest income	(B)	$37,919	$29,895	$74,791	$58,902
Plus: Non-interest income		11,732	4,646	22,146	13,564
Total Revenue		49,651	34,541	96,937	72,466
Loss (gain) on available-for-sale debt securities		25	4,942	25	4,942
Total adjusted revenue(2)	(C)	$49,676	$39,483	$96,962	$77,408

Total non-interest expense		$29,182	$26,538	$59,009	$51,189
Non-recurring expenses:
Gain on sale of premises and equipment, net		—	(3)	(134)	(93)
Gain (loss) and other expenses on other real estate owned		(273)	—	(273)	—
Acquisition, conversion and other expenses		36	(1,205)	(1,419)	(1,444)
Total non-recurring expenses		(237)	(1,208)	(1,826)	(1,537)
Adjusted non-interest expense(2)	(D)	$28,945	$25,330	$57,183	$49,652

Total revenue		49,651	34,541	96,937	72,466
Total non-interest expense		29,182	26,538	59,009	51,189
Pre-tax, pre-provision net revenue(2)	(S)	$20,469	$8,003	$37,928	$21,277

Adjusted revenue(2)		49,676	39,483	96,962	77,408
Adjusted non-interest expense(2)		28,945	25,330	57,183	49,652
Adjusted pre-tax, pre-provision net revenue(2)	(U)	$20,731	$14,153	$39,779	$27,756

(in millions)
Average earning assets	(E)	$4,277	$3,777	$4,288	$3,780
Average assets	(F)	4,654	4,071	4,665	4,075
Average shareholders' equity	(G)	547	469	545	468
Average tangible shareholders' equity(2)(3)	(H)	390	346	388	345
Tangible shareholders' equity, period-end(2)(3)	(I)	392	346	392	346
Tangible assets, period-end(2)(3)	(J)	4,585	3,989	4,585	3,989


· · · · Three Months Ended June 30, · · Six Months Ended June 30,
· · Calculations · · 2026 · · 2025 · · 2026 · · 2025
(in thousands) · · · · · · · · ·
Common shares outstanding, period-end	(K)	16,754	15,322	16,754	15,322
Average diluted shares outstanding	(L)	16,808	15,372	16,806	15,382

Adjusted earnings per share, diluted(2)	(A/L)	$0.92	$0.70	$1.79	$1.38
Tangible book value per share, period-end(2)	(I/K)	23.43	22.58	23.43	22.58
Total tangible shareholders' equity/total tangible assets(2)	(I/J)	8.56	8.67	8.56	8.67

Performance ratios(4)
Return on assets		1.31%	0.60	1.24%	0.81
Adjusted return on assets(2)	(A/F)	1.33	1.06	1.30	1.05
Pre-tax, pre-provision return on assets(2)	(S/F)	1.76	0.79	1.64	1.05
Adjusted pre-tax, pre-provision return on assets(2)	(U/F)	1.79	1.39	1.72	1.37
Return on equity		11.16	5.21	10.63	7.03
Adjusted return on equity(2)	(A/G)	11.30	9.19	11.15	9.14
Return on tangible equity (1) (2)	(R+Q)/H	16.11	7.26	15.41	9.74
Adjusted return on tangible equity(1)(2)	(A+Q)/H	16.31	12.66	16.14	12.61
Efficiency ratio(1)(2)(5)	(D-O-Q)/(C+N)	55.76	62.10	56.33	62.05
Net interest margin, fully taxable equivalent(2)	(B+P)/E	3.61	3.23	3.57	3.20

Supplementary data (in thousands)
Taxable equivalent adjustment for efficiency ratio	(N)	$905	$706	$1,949	$1,423
Franchise taxes included in non-interest expense	(O)	159	141	305	272
Tax equivalent adjustment for net interest margin	(P)	556	560	1,110	1,128
Intangible amortization	(Q)	582	233	1,164	466

(1)	Assumes a marginal tax rate of 24.65% in the first and second quarter of 2026 and 24.26% in the first and second quarter of 2025.

(2)	Non-GAAP financial measure.

(3)	Tangible shareholders' equity is computed by taking total shareholders' equity less the intangible assets at period-end. Tangible assets is computed by taking total assets less the intangible assets at period-end.

(4)	All performance ratios are based on average balance sheet amounts, where applicable.

(5)	Efficiency ratio is computed by dividing adjusted non-interest expense net of franchise taxes and intangible amortization divided by adjusted revenue on a fully taxable equivalent basis.

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