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Bar Harbor Bankshares Reports Fourth Quarter 2024 Results; Declares Dividend

1. BHB's Q4 2024 net income rose to $11 million, reflecting strong loan growth. 2. BHB achieved 14% annualized commercial loan growth, indicating robust performance.

Earnings
+0.32%Current Return
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-0.29%S&P 500
$3101/23 04:19 PM EDTEvent Start
$31.101/24 10:46 PM EDTLatest Updated
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FAQ

Why Bullish?

BHB's income growth and loan performance may attract investor interest, similar to past quarters with strong earnings driving stock growth.

How important is it?

Strong earnings and loan growth are crucial indicators for BHB's financial health and stock performance.

Why Short Term?

Immediate positive financial results can lead to short-term stock price gains, as observed in similar financial announcements.

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BHB
BAR HARBOR, ME / ACCESS Newswire / January 23, 2025 / Bar Harbor Bankshares (NYSE American:BHB) (the "Company") reported fourth quarter 2024 GAAP and core (Non-GAAP) net income of $11.0 million or $0.72 per diluted share compared to GAAP and core (Non-GAAP) net income of $9.9 million or $0.65 per diluted share in the same quarter of 2023. FOURTH QUARTER 2024 HIGHLIGHTS Return on assets of 1.09% Commercial loan growth of 14% annualized Net interest margin of 3.17% Non-accruing loans to total loans ratio of 0.22% Wealth management related fee income growth of 9% year over year Bar Harbor Bankshares' President and Chief Executive Officer, Curtis C.

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