Bar Harbor Bankshares Reports First Quarter 2024 Results; Declares Increased Dividend; Announces Share Repurchase Plan [Yahoo! Finance]
Bar Harbor Bankshares, Inc. (BHB)
NASDAQ:AMEX Investor Relations:
bhbt.com/shareholder-relations
Company Research
Source: Yahoo! Finance
core (Non-GAAP) net income of $10.1 million or $0.66 per diluted share compared to $13.0 million or $0.86 per diluted share in the same quarter of 2023. FIRST QUARTER 2024 HIGHLIGHTS • Return on assets of 1.03% • Commercial loan growth of 7% annualized • Net interest margin of 3.14% • Non-accruing loans to total loans ratio of 0.23% Bar Harbor Bankshares' President and Chief Executive Officer, Curtis C. Simard, stated, "We are pleased to announce our financial results for the first quarter, as we deliver stable earnings which are in line with expectations. We continue to see yield expansion across all earning asset classes. Our liquidity and capital levels remain robust, and our credit metrics are strong with nominal charge-offs. Despite an uncertain economic environment, our performance in the first quarter reflects the strength of our balance sheet and our teams as we execute on our strategy to grow profitably while continuing to conservatively sustain the level of our a
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BHB
Earnings
- 4/18/24 - Beat
BHB
Sec Filings
- 4/25/24 - Form 4
- 4/25/24 - Form 4
- 4/25/24 - Form 4
- BHB's page on the SEC website