In Q3 FY2022, Bar Harbor Bankshares reported revenue of $7,384,000, up 1.4% year-over-year. Net income reached $13,537,000, a significant increase of 32.6% from the prior year. Diluted EPS was $0.81, up 22.7% year-over-year.
•Revenue of $7.38M, up 1.4% YoY.
•Net income of $13.54M, up 32.6% YoY.
•Diluted EPS of $0.81, up 22.7% YoY.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Bar Harbor Bankshares is the holding company for Bar Harbor Bank & Trust that provides banking and nonbanking products and services primarily to consumers and businesses. The company offers deposit products, including interest-bearing and non-interest-bearing demand accounts, savings accounts, time deposits, and money market deposit accounts
Certificates of deposit, as well as commercial construction loans, such as raw land, land development, and construction of commercial and multifamily residential properties. Its portfolio also includes commercial real estate owner occupied and non-owner occupied loans, tax exempt loans to various state and municipal government entities, commercial and industrial loans
Including loans for the purpose of financing working capital and capital investment, residential real estate loans consists of one-to-four family homes, home equity loans, and consumer loans
Including personal lines of credit and amortizing loans to qualified individuals for various purposes, such as auto loans, recreational equipment, overdraft protection, and consumer loans Allowance for credit losses. Additionally, it provides life insurance, annuity, and retirement products.
Its portfolio also includes financial planning services, and third-party investment and insurance services trust and estate administration, wealth advisory, and investment management services to individuals, businesses, not-for-profit organizations, and municipalities
401(K) plan, financial, estate and charitable planning, investment management, family office, municipal, and tax services. Founded in 1887, Bar Harbor Bankshares is headquartered in Bar Harbor, Maine.
Bar Harbor Bankshares is the holding company for Bar Harbor Bank & Trust, providing a range of banking and nonbanking products and services to consumers and businesses. The company offers deposit products such as interest-bearing and non-interest-bearing demand accounts, savings accounts, time deposits, money market deposit accounts, and certificates of deposit. On the lending side, it provides commercial construction loans (including raw land, land development, and construction loans for commercial and multifamily residential properties), commercial real estate loans (both owner-occupied and non-owner occupied), tax-exempt loans to state and municipal entities, commercial and industrial loans for working capital and capital investment, residential real estate loans (one-to-four family homes and home equity loans), and consumer loans (personal lines of credit, auto loans, recreational equipment loans, overdraft protection). Additionally, it offers life insurance, annuity, and retirement products, along with financial planning services, third-party investment and insurance services, trust and estate administration, wealth advisory, investment management, and 401(K) plan services.
Where is Bar Harbor Bankshares (BHB) listed and in which currency?
Bar Harbor Bankshares is listed on the NYSE American exchange under the ticker symbol BHB. The company's financials are reported in US Dollars (USD), reflecting its operations in the United States. As a regional bank holding company, its stock trades on a major US exchange, providing liquidity and visibility to investors interested in the financial services sector.
What sector and industry does Bar Harbor Bankshares (BHB) belong to?
Bar Harbor Bankshares operates in the Financial Services sector, specifically within the Banks - Regional industry. This classification indicates that the company is a regional bank holding company, focusing on providing traditional banking services to local communities and businesses. Regional banks typically operate in specific geographic areas, offering deposit accounts, loans, and other financial services tailored to the needs of their local markets. As a regional bank, Bar Harbor Bankshares competes with both larger national banks and smaller community banks, emphasizing personalized service and local decision-making.
Where is Bar Harbor Bankshares (BHB) headquartered and what markets does it serve?
Bar Harbor Bankshares is headquartered in the United States, specifically in Bar Harbor, Maine, as implied by its name. The company serves consumers and businesses primarily in its regional market, which includes Maine and potentially surrounding areas. Through its subsidiary Bar Harbor Bank & Trust, it provides banking and nonbanking products to individuals, businesses, not-for-profit organizations, and municipalities. The company's focus on the US market aligns with its regional bank status, and it operates under US banking regulations. While specific branch locations are not detailed, the company's history and name suggest a strong presence in the Bar Harbor region and broader New England area.
How does Bar Harbor Bankshares (BHB) generate revenue?
Bar Harbor Bankshares generates revenue primarily through its banking operations, including net interest income from loans and deposits, as well as non-interest income from fees and services. On the lending side, it earns interest from a diversified loan portfolio comprising commercial construction loans, commercial real estate loans, tax-exempt loans to government entities, commercial and industrial loans, residential real estate loans, and consumer loans. On the deposit side, it uses customer deposits to fund lending activities. Additionally, the company earns non-interest income through financial planning services, third-party investment and insurance products, trust and estate administration, wealth advisory, investment management, and 401(K) plan services. It also generates revenue from life insurance, annuity, and retirement product sales. The allowance for credit losses is a key component in managing risk within its loan portfolio.