Bar Harbor Bankshares (BHB) Investor Presentation summary

Strategic vision and business model

• Operates as a community bank with over 50 locations across Maine, New Hampshire, and Vermont, focusing on commercial, retail, and wealth management services.

• Emphasizes employee and customer experience, risk management, and a service-driven culture to drive core business growth.

• Maintains prudent growth, prioritizing core lending over investment portfolio expansion and avoiding excessive portfolio concentrations.

• Cross-selling, especially to the wealth management unit, is fundamental to the business strategy.

• Recognized for superior service, tailored solutions, and convenience through its branch network and digital capabilities.

Financial performance and key metrics

• As of June 30, 2024: $4.0B in assets, $3.1B in net loans, $3.1B in deposits, and $439M in shareholder equity.

• Return on average assets at 1.04%, return on average equity at 9.46%, and net interest margin at 3.09%.

• Efficiency ratio at 63%, non-performing assets at 0.16% of total assets, and book value per share of $28.81.

• Maintains a strong capital position with total capital and CET1 ratios above regulatory minimums.

• Closing stock price of $26.88 and market cap of $409M as of June 30, 2024.

Growth, diversification, and recognition

• Achieved 4% annualized total loan growth and 11% annualized commercial loan growth year-to-date.

• Commercial loans now represent 69% of the loan portfolio, up from 50% in 2019.

• Non-interest income is diversified, with trust and wealth management contributing 44% in Q2 2024.

• Recognized by Forbes and Newsweek as a top bank regionally and nationally in 2022–2024.

• Wealth management AUM exceeds $3.1B, with continued customer growth despite market volatility.