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

1. BHB reported Q1 2025 earnings, showing stable net income and strong margins. 2. The company signed a merger agreement to acquire Woodsville Guaranty Bancorp.

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FAQ

Why Bullish?

The merger indicates strategic growth, potentially enhancing revenue and market position. Historically, successful mergers lead to increased stock prices as seen in similar banking acquisitions.

How important is it?

The merger and improvements in earnings metrics signal strong growth potential for BHB, drawing investor interest. Additionally, a dividend increase can boost investor confidence and attract income-focused investors.

Why Short Term?

The immediate effects of the merger and earnings report will likely influence investor sentiment quickly. Market reactions to merger news are often swift, providing short-term price movement.

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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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