BAR HARBOR BANKSHARES

For the period ended Jun 30, 2024. Filed Aug 7, 2024.

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, 2024 · Filed Aug 7, 2024

BHB$41.01-0.6%Stored close · as of Nov 6, 2026

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Contents

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 · · · Six Months Ended
· · June 30, · · · June 30,
· 2024 · 2023 · · 2024 · 2023
PER SHARE DATA
Net earnings, diluted	$0.67	$0.71	$1.33	$1.57
Adjusted earnings, diluted(1)	0.66	0.71	1.31	1.56
Total book value	28.81	27.12	28.81	27.11
Tangible book value per share(1)	20.68	18.88	20.68	18.87
Market price at period end	26.88	24.64	26.88	24.64
Dividends	0.30	0.28	0.58	0.54

PERFORMANCE RATIOS(2)
Return on assets	1.04%	1.10%	1.04%	1.23%
Adjusted return on assets(1)	1.02	1.09	1.02	1.22
Pre-tax, pre-provision return on assets	1.36	1.47	1.34	1.64
Adjusted pre-tax, pre-provision return on assets (1)	1.33	1.46	1.32	1.63
Return on equity	9.46	10.49	9.39	11.71
Adjusted return on equity(1)	9.25	10.42	9.22	11.67
Return on tangible equity	13.44	15.28	13.35	17.10
Adjusted return on tangible equity(1)	13.15	15.19	13.12	17.04
Net interest margin, fully taxable equivalent(1) (3)	3.09	3.22	3.12	3.39
Efficiency ratio(1)	62.96	60.25	62.93	57.40

FINANCIAL DATA (In millions)
Total assets	$4,034	$4,029	$4,034	$4,029
Total earning assets(4)	3,726	3,716	3,726	3,716
Total investments	528	556	528	556
Total loans	3,064	3,007	3,064	3,007
Allowance for credit losses	29	27	29	27
Total goodwill and intangible assets	124	125	124	125
Total deposits	3,140	3,090	3,140	3,090
Total shareholders' equity	439	411	439	411
Net income	10	11	20	24
Adjusted income(1)	10	11	20	24

ASSET QUALITY AND CONDITION RATIOS
Net charge-offs (recoveries) (annualized)/average loans	0.01%	—%	0.01%	0.01%
Allowance for credit losses/total loans	0.94	0.91	0.94	0.91
Loans/deposits	98	97	98	97
Shareholders' equity to total assets	10.88	10.20	10.88	10.20
Tangible shareholders' equity to total tangible assets(1)	8.06	7.32	8.06	7.32

(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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