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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, up from $9.9 million last year. 2. Return on assets is strong at 1.09%, indicating good financial health.

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FAQ

Why Bullish?

The increase in net income and loan growth signals operational strength. Historically, similar indicators positively influenced BHB's stock price.

How important is it?

Strong financial performance often leads to increased investor interest and stock price appreciation.

Why Short Term?

Immediate market reactions to quarterly results typically affect stock prices quickly. Previous earnings reports have shown short-term positive price movements.

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NYSE American:BHBGOOGAAPL
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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