Bar Harbor Bankshares (BHB)

Bar Harbor Bankshares Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	161.68	149.42	107.8	95.24	107.09	111.04
Interest Income on Investments	25.38	24.76	18.73	15.57	19.02	24.35
Total Interest Income	187.06	174.18	126.53	110.8	126.1	135.39
Interest Paid on Deposits	58.45	38.23	7.34	8.54	18.04	27.03
Interest Paid on Borrowings	15.04	18.28	5.5	6.69	8.88	18.55
Total Interest Expense	73.49	56.51	12.85	15.23	26.92	45.58
Net Interest Income	113.57	117.68	113.68	95.57	99.18	89.81
Net Interest Income Growth (YoY)	-6.79%	3.51%	18.95%	-3.64%	10.43%	-1.18%
Trust Income	15.39	14.28	14.57	15.18	13.38	12.06
Mortgage Banking Activities	2.01	1.59	1.58	6.54	6.88	1.63
Gain (Loss) on Sale of Assets	-0.02	-0.18	-0.01	-0.38	0.03	-0.02
Gain (Loss) on Sale of Investments	0.05	0.03	0.05	2.87	5.45	0.24
Other Non-Interest Income	19.49	19.93	19.12	17.68	17.25	15.14
Total Non-Interest Income	36.93	35.65	35.31	41.88	42.99	29.05
Non-Interest Income Growth (YoY)	4.82%	0.95%	-15.69%	-2.57%	47.97%	3.99%
Revenues Before Loan Losses	150.5	153.32	148.99	137.46	142.17	118.86
Provision for Loan Losses	1.79	2.91	2.9	-1.3	5.63	2.32
Revenue	148.71	150.41	146.09	138.76	136.54	116.54
Revenue Growth (YoY)	-3.54%	2.96%	5.28%	1.62%	17.16%	0.44%
Salaries and Employee Benefits	52.35	49.87	46.72	44.97	47.35	43.63
Occupancy Expenses	15.79	15.76	15.83	14.83	15.2	12.81
Amortization of Goodwill & Intangibles	0.93	0.93	0.93	0.94	1.02	0.86
Selling, General & Administrative	10.39	10.13	9.32	9.83	9.45	9.48
Other Non-Interest Expense	17.3	16.33	18.18	15.05	14.72	13.53
Total Non-Interest Expense	96.77	93.01	90.98	85.61	87.74	80.3
EBT Excluding Unusual Items	51.94	57.4	55.11	53.15	48.8	36.24
Other Unusual Items	-	-	-	-2.85	-1.35	-1.1
Pretax Income	51.65	57.12	54.85	48.63	41.65	26.83
Income Tax Expense	9.16	12.27	11.29	9.33	8.41	4.21
Net Income	42.49	44.85	43.56	39.3	33.24	22.62
Net Income to Common	42.49	44.85	43.56	39.3	33.24	22.62
Net Income Growth	-10.39%	2.97%	10.83%	18.21%	46.97%	-31.32%
Basic Shares Outstanding	15	15	15	15	15	16
Diluted Shares Outstanding	15	15	15	15	15	16
Shares Change (YoY)	0.62%	0.55%	0.44%	-1.48%	-2.02%	0.14%
EPS (Basic)	2.79	2.96	2.90	2.63	2.18	1.46
EPS (Diluted)	2.78	2.95	2.88	2.61	2.18	1.45
EPS Growth	-10.87%	2.43%	10.34%	19.72%	50.34%	-31.60%
Dividend Per Share	1.160	1.100	1.020	0.940	0.880	0.860
Dividend Growth	7.41%	7.84%	8.51%	6.82%	2.33%	8.86%
Effective Tax Rate	17.74%	21.47%	20.58%	19.18%	20.18%	15.69%

Source: S&P Capital IQ. Banks template. Financial Sources.