BAR HARBOR BANKSHARES
For the period ended Mar 31, 2024. Filed May 8, 2024.
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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.
Mar 31, 2024 · Filed May 8, 2024
BHB$41.01-0.6%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Selected Financial Data
The following summary data is based in part on the unaudited consolidated financial statements and accompanying notes and other information appearing elsewhere in this Form 10-Q or prior SEC filings.
| | | | | | | | |
|---|---|---|---|---|---|---|---|
| · · Three Months Ended · | |||||||
| · · March 31, · | |||||||
| · 2024 · 2023 | |||||||
| PER SHARE DATA | | | | | | | |
| Net earnings, diluted | | $0.66 | | $0.86 | | ||
| Adjusted earnings, diluted(1) | | 0.66 | | 0.86 | | ||
| Total book value | | 28.64 | | 27.00 | | ||
| Tangible book value per share(1) | | 20.48 | | 18.74 | | ||
| Market price at period end | | 26.48 | | 26.45 | | ||
| Dividends | | 0.28 | | 0.26 | | ||
| | | | | | | | |
| PERFORMANCE RATIOS(2) | | | | | | | |
| Return on assets | | 1.03% | 1.36% | ||||
| Adjusted return on assets(1) | | 1.03 | | 1.36 | | ||
| Pre-tax, pre-provision return on assets | | | 1.32 | | 1.81 | | |
| Adjusted pre-tax, pre-provision return on assets (1) | | | 1.32 | | 1.81 | | |
| Return on equity | | 9.32 | | 12.96 | | ||
| Adjusted return on equity(1) | | 9.32 | | 12.94 | | ||
| Return on tangible equity | | | 13.26 | | | 18.97 | |
| Adjusted return on tangible equity(1) | | 13.27 | | 18.94 | | ||
| Net interest margin, fully taxable equivalent(1) (3) | | 3.14 | | 3.54 | | ||
| Efficiency ratio(1) | | 62.91 | | 54.72 | | ||
| | | | | | | | |
| FINANCIAL DATA (In millions) | | | | | | | |
| Total assets | | $3,959 | | $3,928 | | ||
| Total earning assets(4) | | 3,663 | | 3,628 | | ||
| Total investments | | 538 | | 573 | | ||
| Total loans | | 3,012 | | 2,944 | | ||
| Allowance for credit losses | | 28 | | 27 | | ||
| Total goodwill and intangible assets | | 124 | | 125 | | ||
| Total deposits | | 3,127 | | 3,054 | | ||
| Total shareholders' equity | | 436 | | 408 | | ||
| Net income | | 10 | | 13 | | ||
| Adjusted income(1) | | 10 | | 13 | | ||
| | | | | | | | |
| ASSET QUALITY AND CONDITION RATIOS | | | | | | | |
| Net charge-offs (recoveries) (annualized)/average loans | | 0.01% | 0.01% | ||||
| Allowance for credit losses/total loans | | 0.94 | | 0.90 | | ||
| Loans/deposits | | 96 | | 96 | | ||
| Shareholders' equity to total assets | | 11.01 | | 10.40 | | ||
| Tangible shareholders' equity to total tangible assets(1) | | 8.13 | | 7.45 | | ||
| (1) | Non-GAAP financial measure. Refer to the Reconciliation of Non-GAAP Financial Measures section of the “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” in this Form 10-Q for additional information. |
| (2) | All performance ratios are annualized and are based on average balance sheet amounts, where applicable. |
| (3) | Fully taxable equivalent considers the impact of tax-advantaged investment securities and loans. |
| (4) | Earning assets includes non-accruing loans and securities are valued at amortized cost. |
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