Bar Harbor Bankshares (BHB) investor relations material

Executive summary

• Net income for Q1 2026 was $13.5 million, up from $10.2 million in Q1 2025, with diluted EPS of $0.81 versus $0.66 year-over-year; core earnings were $14.7 million ($0.88/diluted share).

• Total assets reached $4.7 billion, and total deposits grew to $3.9 billion, reflecting 5% annualized growth from the prior year.

• The efficiency ratio improved to 56.92% from 62.00%, and net interest margin expanded to 3.54% from 3.17%.

• Dividend increased by 6% year-over-year to $0.34/share; new share repurchase plan for up to 5% of outstanding shares.

Financial highlights

• Interest and dividend income rose 16% to $55.3 million, driven by loan yield expansion and the Woodsville acquisition.

• Net interest income increased to $36.9 million, with loan yields at 5.50% and deposit costs down to 2.19%.

• Non-interest income grew by $1.5 million, mainly from a $1.3 million gain on bank-owned life insurance; total non-interest income reached $10.4 million.

• Non-interest expense rose $5.2 million to $29.8 million, largely due to acquisition-related costs and higher salaries.

• Book value per share at quarter-end was $32.13; tangible book value per share was $22.71.

Outlook and guidance

• Management expects continued dividend payments and profitable growth, subject to board discretion and regulatory compliance.

• Liquidity remains strong, with $1.0 billion in available same-day liquidity and robust borrowing capacity.

• The company is well-positioned for the year ahead, focusing on shareholder value and operational stability.