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Bar Harbor Bankshares Reports First Quarter 2025 Results; Declares 7% Increase in Dividend

1. BHB reported Q1 2025 net income of $10.2 million, slightly down from Q4 2024. 2. BHB signed a merger agreement with Woodsville Guaranty Bancorp, enhancing future growth.

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$28.9804/17 04:21 PM EDTEvent Start
$28.9804/18 10:29 PM EDTLatest Updated
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FAQ

Why Bullish?

The merger agreement indicates strategic growth, which could enhance BHB's market position. Historically, such mergers have resulted in increased stock prices for banks enhancing their asset management capabilities.

How important is it?

Merger announcements generally generate significant interest, indicating a strong potential for stock value appreciation. The combination of income stability and growth strategies adds substantial weight to BHB's market potential.

Why Long Term?

The merger and asset growth imply sustained improvements, benefiting investors over time. Similar past mergers have shown positive long-term impacts on stock performance.

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BAR HARBOR, ME / ACCESS Newswire / April 17, 2025 / Bar Harbor Bankshares (NYSE American:BHB) (the "Company") reported first quarter 2025 GAAP net income of $10.2 million or $0.66 per diluted share and core (Non-GAAP) net income of $10.5 million or $0.68 per diluted share compared to GAAP and core (Non-GAAP) net income of $11.0 million or $0.72 per diluted share in the fourth quarter of 2024 and $10.1 million or $0.66 per diluted share for the first quarter 2024. FIRST QUARTER 2025 HIGHLIGHTS (all comparisons to fourth quarter 2024, unless otherwise noted) Signed a Definitive Merger Agreement to acquire Woodsville Guaranty Bancorp, Inc. Net interest margin remains strong at 3.17% 6% growth in assets under management by wealth management 7% increase in dividend declared Bar Harbor Bankshares' President and Chief Executive Officer, Curtis C.

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