Bar Harbor Bankshares (BHB)

Bar Harbor Bankshares Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	163.85	149.42	107.8	95.24	107.09
Interest Income on Investments	24.88	24.76	18.73	15.57	19.02
Total Interest Income	188.72	174.18	126.53	110.8	126.1
Interest Paid on Deposits	61.7	38.23	7.34	8.54	18.04
Interest Paid on Borrowings	13.19	18.28	5.5	6.69	8.88
Total Interest Expense	74.89	56.51	12.85	15.23	26.92
Net Interest Income	113.84	117.68	113.68	95.57	99.18
Net Interest Income Growth (YoY)	-3.26%	3.51%	18.95%	-3.64%	10.43%
Trust Income	15.7	14.28	14.57	15.18	13.38
Mortgage Banking Activities	2.09	1.59	1.58	6.54	6.88
Gain (Loss) on Sale of Assets	0.19	-0.18	-0.01	-0.38	0.03
Gain (Loss) on Sale of Investments	0.05	0.03	0.05	2.87	5.45
Other Non-Interest Income	19.04	19.17	18.44	17.68	17.25
Total Non-Interest Income	37.08	34.89	34.64	41.88	42.99
Non-Interest Income Growth (YoY)	6.27%	0.73%	-17.30%	-2.57%	47.97%
Revenues Before Loan Losses	150.92	152.57	148.32	137.46	142.17
Provision for Loan Losses	2.13	2.91	2.9	-1.3	5.63
Revenue	148.79	149.66	145.41	138.76	136.54
Revenue Growth (YoY)	-0.58%	2.92%	4.80%	1.62%	17.16%
Salaries and Employee Benefits	51.56	49.87	46.72	44.97	47.35
Occupancy Expenses	16.32	15.76	15.83	14.83	15.2
Federal Deposit Insurance	1.81	1.74	1.02	-	-
Amortization of Goodwill & Intangibles	0.93	0.93	0.93	0.94	1.02
Selling, General & Administrative	10.71	10.13	9.32	9.83	9.45
Other Non-Interest Expense	14.83	13.83	16.49	15.05	14.72
Total Non-Interest Expense	96.16	92.26	90.3	85.61	87.74
EBT Excluding Unusual Items	52.63	57.4	55.11	53.15	48.8
Other Unusual Items	-	-	-	-2.85	-1.35
Pretax Income	52.61	57.12	54.85	48.63	41.65
Income Tax Expense	9.07	12.27	11.29	9.33	8.41
Net Income	43.54	44.85	43.56	39.3	33.24
Net Income to Common	43.54	44.85	43.56	39.3	33.24
Net Income Growth	-2.92%	2.97%	10.84%	18.21%	46.97%
Basic Shares Outstanding	15	15	15	15	15
Diluted Shares Outstanding	15	15	15	15	15
Shares Change (YoY)	0.76%	0.55%	0.44%	-1.48%	-2.02%
EPS (Basic)	2.86	2.96	2.90	2.63	2.18
EPS (Diluted)	2.84	2.95	2.88	2.61	2.18
EPS Growth	-3.73%	2.43%	10.35%	19.73%	50.34%
Dividend Per Share	1.180	1.100	1.020	0.940	0.880
Dividend Growth	7.27%	7.84%	8.51%	6.82%	2.33%
Effective Tax Rate	17.24%	21.47%	20.58%	19.18%	20.18%

Updated Mar 11, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q