Bar Harbor Bankshares (BHB) Q4 2025 earnings summary

Executive summary

• Reported Q4 2025 GAAP net income of $11.8M ($0.70/diluted share) and core earnings of $15.5M ($0.93/diluted share), up from $8.9M GAAP net income in Q3 2025.

• Achieved 8% annualized growth in commercial loans and 6% annualized YTD growth, excluding acquired loans.

• Completed and integrated the Woodsville acquisition, contributing to loan and fee income growth.

• Declared a $0.32/share dividend, yielding 4.12% annualized based on year-end share price.

Financial highlights

• Net interest margin expanded to 3.62% from 3.56% sequentially and 3.17% year-over-year.

• Total loans increased $22.1M to $3.6B, driven by commercial real estate growth.

• Total deposits decreased to $3.8B, mainly due to seasonality, tax payments, and brokered deposit maturities.

• Non-interest income rose $933K year-over-year to $10.3M, led by customer service fees and trust management income.

• Non-interest expenses increased $9.9M year-over-year to $33.8M, with $4.2M related to the Woodsville acquisition.

• Book value per share rose to $31.88; tangible book value per share to $22.41.

Outlook and guidance

• Management states the company is well-positioned for 2026, focusing on customer needs and shareholder value.