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Bar Harbor Bankshares  (BHB)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 
Price: $25.3900 $-0.70 -2.683%
Day's High: $26.005 Week Perf: -2.04 %
Day's Low: $ 25.25 30 Day Perf: -6.65 %
Volume (M): 35 52 Wk High: $ 30.61
Volume (M$): $ 876 52 Wk Avg: $25.84
Open: $25.81 52 Wk Low: $19.55



 Market Capitalization (Millions $) 386
 Shares Outstanding (Millions) 15
 Employees 205
 Revenues (TTM) (Millions $) 154
 Net Income (TTM) (Millions $) 47
 Cash Flow (TTM) (Millions $) 41
 Capital Exp. (TTM) (Millions $) 4

Bar Harbor Bankshares
Retail Products and Services: The Bank offers a variety of consumer financial products and services designed to satisfy the deposit and borrowing needs of its retail customers. The Bank’s retail deposit products and services include checking accounts, interest bearing NOW accounts, money market accounts, savings accounts, club accounts, short-term and long-term certificates of deposit, Health Savings Accounts, and Individual Retirement Accounts. Credit products and services include home mortgages, residential construction loans, home equity loans and lines of credit, credit cards, installment loans, and overdraft protection services. The Bank provides secured and unsecured installment loans for new or used automobiles, boats, recreational vehicles, mobile homes and other personal needs. The Bank also offers other customary products and services such as safe deposit box rentals, wire transfers, check collection services, foreign currency exchange, money orders, and U.S. Savings Bonds redemptions.

The Bank staffs a call center, providing customers with telephone and e-mail responses to their questions and needs. The Bank also offers free banking-by-mail services.

Retail Brokerage Services: The Bank retains Infinex Investments, Inc., (“Infinex”) as a full service third-party broker-dealer, conducting business under the assumed business name “Bar Harbor Financial Services.” Bar Harbor Financial Services is a branch office of Infinex, an independent registered broker-dealer offering securities and insurance products that is not affiliated with the Company or its subsidiaries. These products are not deposits, are not insured by the FDIC or any other government agency, are not guaranteed by the Bank or any affiliate, and may be subject to investment risk, including possible loss of value.

Bar Harbor Financial Services principally serves the brokerage needs of individuals, from first-time purchasers, to sophisticated investors. It also offers a line of life insurance, annuity, and retirement products, as well as financial planning services. Infinex was formed by a group of member banks, and is one of the largest providers of third party investment and insurance services to banks and their customers in New England. Through Infinex, the Bank is able to take advantage of the expertise, capabilities, and experience of a well-established third-party broker-dealer in a cost effective manner.

Electronic Banking Services: The Bank continues to offer free Internet banking services, including consumer remote deposit capture, e-statements, free check images, and electronic bill payment, through its dedicated website at www.bhbt.com. Additionally, the Bank offers telephone banking, an interactive voice response system through which customers can check account balances and activity, as well as initiate money transfers between their accounts. Customers can also monitor their accounts with free mobile banking access via text messaging, browser or “Apps”, and they can receive alerts, view accounts, transfer funds and pay bills. The Bank also offers Popmoney®, an innovative personal payment service that eliminates the need for checks and cash by allowing customers to send and receive money as easily as they send and receive e-mail and text messages.

Automated Teller Machines (ATMs) are located at each of the Bank’s fifteen (15) branch locations. The Bank is also a member of Maine Cash Access, providing customers with surcharge-free access to over 225 ATMs throughout the state of Maine. Visa debit cards are also offered, providing customers with free access to their deposit account balances at point of sale locations throughout most of the world.


Commercial Products and Services: The Bank serves the small business market throughout downeast, midcoast and central Maine. It offers business loans to individuals, partnerships, corporations, and other business entities for capital construction, real estate and equipment financing, working capital, real estate development, and a broad range of other business purposes. Business loans are provided primarily to organizations and sole proprietors in the tourism, hospitality, healthcare, blueberry, boatbuilding, biological research, and fishing industries, as well as to other small and mid-size businesses associated with coastal communities.

The Bank offers a variety of commercial deposit accounts, most notably business checking and tiered money market accounts. These accounts are typically used as operating accounts or short-term savings vehicles. The Bank’s cash management services provide business customers with short-term investment opportunities through a cash management sweep program, whereby excess operating funds over established thresholds are swept into overnight securities sold under agreements to repurchase. The Bank also offers Business On-Line Direct (“BOLD”) an Internet banking service for businesses. This service allows business clients to view their account histories, print statements, view check images, order stop payments, transfer funds between accounts, and transmit Automated Clearing House (ACH) files. The Bank also offers remote deposit capture, enabling its business customers to deposit checks remotely. Other commercial banking services include merchant credit card processing provided through a third party vendor, night depository, and coin and currency handling.



   Company Address: PO Box 400 Bar Harbor 4609 ME
   Company Phone Number: 288-3314   Stock Exchange / Ticker: NYSEAMER BHB
   BHB is expected to report next financial results on March 13, 2024.


Customers Net Income fell by BHB's Customers Net Profit Margin fell to

-5.8 %

17.2 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BK        1.82% 
CFG   -2.05%    
FCNCA        1.54% 
FITB        2.99% 
MTB        3.49% 
NTRS        2.76% 
• View Complete Report
   



Bar Harbor Bankshares

Bar Harbor Bankshares: Overcoming Third Quarter Income Drop with Strategic Growth Prospects

Despite the disappointing earnings announcement by Bar Harbor Bankshares, there are several key factors that suggest a bullish outlook for the company in the long run.
Firstly, it is important to note that while Bar Harbor Bankshares reported a decrease in earnings per share (EPS) and a slump in revenue for the third quarter of 2023, the company's performance should be evaluated in the context of the overall industry. The fact that the revenue decrease is in contrast to the rest of the Regional Banks industry, which recorded a top-line gain during the same period, indicates that Bar Harbor Bankshares' performance may be an outlier rather than indicative of a broader industry trend.

Bar Harbor Bankshares

Bar Harbor Bankshares Shows Strong Sales Growth in Q2 2023, EPS Climbs Too

Exciting Growth on the Horizon for Bar Harbor Bankshares
Bar Harbor Bankshares, a prominent player in the Regional Banks sector, recently released its second-quarter financial report for 2023, and the results paint a promising picture. While revenue growth was slightly below sector expectations, Bar Harbor Bankshares managed to make significant strides in improving its sales and increasing operating earnings.
Revenue for the second quarter of 2023 increased by a respectable 5.935% compared to the same period last year, reaching an impressive $37.02 million. Although this growth was not as high as the Regional Banks sector's average of 12.54%, it still showcases Bar Harbor Bankshares' ability to adapt and thrive in a competitive market. Moreover, this growth in revenue was further complemented by a moderate increase in earnings per share (EPS), which rose by 1.43% to $0.71.

Bar Harbor Bankshares

Bar Harbor Bankshares Sees Exponential Growth with 43.33% Profit Per Share Surge and $39.29 Million Revenue Increase in FY 2023

Investors, rejoice! The stock market has some exciting news to share with you. Regional Banks Company just had a remarkable fiscal time-frame ending March 31, 2023. The company has reported an impressive profit per share jump of 43.33% to $0.86 per share, followed by an increase in revenue of 18.243% to $39.29 million compared to the prior year period.
The company's income has also improved from the previous financial reporting period by 4.6% from $0.82 per share, while its revenue decreased by only -2.971% from $40.50 million. What's more, Regional Banks Company's net income in the fiscal time-frame ending March 31, 2023, has increased by a whopping 42.8% from net earnings of $9.112 million reported in the fiscal time-frame ending March 31, 2022.






 

Bar Harbor Bankshares's Segments
 
 
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