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    Bar Harbor Bankshares (BHB)

    Market Price (7/23/2026): $38.205 | Market Cap: $639.1 MilSector: Financials | Industry: Regional Banks

    Bar Harbor Bankshares (BHB)

    Market Price (7/23/2026): $38.205
    Market Cap: $639.1 Mil
    Sector: Financials
    Industry: Regional Banks

    Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

    0

    Attractive yield
    Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.6%, Dividend Yield is 3.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.2%, FCF Yield is 6.0%

    Attractive cash flow generation
    CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 25%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 22%

    Low stock price volatility
    Vol 12M is 27%

    Megatrend and thematic drivers
    Megatrends include Fintech & Digital Payments. Themes include Digital Payments, and Online Banking & Lending.

    Trading close to highs
    Dist 52W High is -2.1%, Dist 3Y High is -2.1%

    Weak multi-year price returns
    2Y Excs Rtn is -3.7%

    Key risks
    BHB key risks include [1] narrowing profit margins and slower revenue growth, Show more.

    0 Attractive yield
    Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.6%, Dividend Yield is 3.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.2%, FCF Yield is 6.0%
    1 Attractive cash flow generation
    CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 25%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 22%
    2 Low stock price volatility
    Vol 12M is 27%
    3 Megatrend and thematic drivers
    Megatrends include Fintech & Digital Payments. Themes include Digital Payments, and Online Banking & Lending.
    4 Trading close to highs
    Dist 52W High is -2.1%, Dist 3Y High is -2.1%
    5 Weak multi-year price returns
    2Y Excs Rtn is -3.7%
    6 Key risks
    BHB key risks include [1] narrowing profit margins and slower revenue growth, Show more.

    BHB in ETFs

    Weight = BHB's share of each fund

    VTI0.00%
    ITOT0.00%
    IWM0.02%
    KRE0.12%
    IWN0.04%
    AVUV0.03%
    VTWO0.02%
    DFAS0.01%
    +2 more covered ETFs

    Valuation & Metrics

    FYE: 12/31BHB [1]S&P 500 [2]
    REVENUE GROWTH
    LTM Revenue [3]$178.3 Mil—
    FY 2026 Sales$198.1 Mil—
    FY 2027 Sales$208.5 Mil—
    FY 2026 Sales Growth11.1%—
    FY 2027 Sales Growth5.2%8.1%
    EARNINGS
    LTM Net Income (GAAP) [3]$40.2 Mil—
    FY 2026 Net Income (Non-GAAP)$61.3 Mil—
    FY 2027 Net Income (Non-GAAP)$64.8 Mil—
    FY 2027 Net Income Growth5.7%16.1%
    FY 2026 EPS (Non-GAAP)$3.66—
    FY 2027 EPS (Non-GAAP)$3.88—
    FY 2027 EPS Growth6.0%—
    VALUATION
    FY 2026 P/S3.23.3
    FY 2027 P/S3.1—
    FY 2026 P/E10.419.8
    FY 2027 P/E9.9—

    [1] BHB forward figures are analyst consensus for the next two fiscal years (fiscal year end 12/31). Net Income and EPS are non-GAAP (adjusted) consensus. P/S and P/E divide the current market cap by the consensus figure.
    [2] S&P 500 figures are the SPY ETF's holdings-weighted forward aggregate. P/S and P/E reflect FY1/FY2 consensus blended to the 12-month window ending 7/31/27 (~one year forward), shown when ≥90% of index weight has estimates. Growth is the aggregate next-fiscal-year vs current-fiscal-year (FY1→FY2) change. Index-level dollar Sales, Net Income and EPS are not applicable.
    [3] LTM = reported trailing-twelve-month actuals (GAAP).
    BHBS&P 500
    REVENUE GROWTHGOOD
    Rev LTM ($ Bil)0.2
    Rev Chg Q26.8%8.9%
    Rev Chg LTM18.5%7.5%
    Rev Chg 3Y Avg5.2%5.9%
    PROFITABILITYGOOD
    Op Inc LTM ($ Bil)�
    CFO LTM ($ Bil)0.0
    Net Inc LTM ($ Bil)0.0
    CFO/Rev LTM24.7%21.4%
    Net Inc Mgn22.6%13.0%
    VALUATIONMODERATE
    P/S3.63.3
    P/CFO14.515.2
    P/FCF16.520.0
    P/E15.924.3

    AI Analysis | Feedback

    MetricValueDateSource
    Non-brokerage assets under management2.8 billion4172025Link
    Number of Branchesmore than 504012024Link

    Price Chart

    Upcoming
    7/21/2026Earnings ReleaseRev: $49 Mil (A) vs. $49 Mil (E)
    EPS: 0.92 (A) vs. $0.90 (E)
    8/20/2026DividendAmount: $0.34
    Payment On: 9/18/2026
    10/20/2026Earnings ReleaseRev: $50 Mil (E)
    EPS: $0.94 (E)

    Why The Stock Moved

    Qualitative Assessment

    AI Analysis | Feedback

    Updated on 7/16/2026

    Bar Harbor Bankshares (BHB) stock has gained about 20% since 3/31/2026 because of the following key factors:

    1. Strong Fiscal Q1 2026 Earnings Beat and Positive Financial Metrics. Bar Harbor Bankshares reported robust results for its fiscal Q1 2026, announced on April 21, 2026. The company's diluted earnings per share (EPS) of $0.88 surpassed the consensus estimate of $0.86 by $0.02. Additionally, quarterly revenue was reported as $47.29 million, exceeding analysts' expectations. Key financial highlights included a solid net interest margin of 3.54%, a 1.18% return on assets, and a 10.13% return on equity. The CEO noted a "strong start to the year" and a "commitment to profitable growth and maintaining a stable net interest margin."

    2. Increased Shareholder Returns through Dividend Hike and Share Repurchase Program. Concurrent with its fiscal Q1 2026 earnings report, Bar Harbor Bankshares demonstrated a commitment to returning value to shareholders. The Board of Directors declared an increased cash dividend of $0.34 per share, a 6% rise from the previous quarter's $0.32 per share, payable on June 18, 2026. Furthermore, the company approved an annual resolution for a stock buyback program, authorizing the repurchase of up to 5% of its total outstanding shares.

    Show more
    Updated on 7/16/2026

    Bar Harbor Bankshares (BHB) stock has gained about 20% since 3/31/2026 because of the following key factors:

    1. Strong Fiscal Q1 2026 Earnings Beat and Positive Financial Metrics. Bar Harbor Bankshares reported robust results for its fiscal Q1 2026, announced on April 21, 2026. The company's diluted earnings per share (EPS) of $0.88 surpassed the consensus estimate of $0.86 by $0.02. Additionally, quarterly revenue was reported as $47.29 million, exceeding analysts' expectations. Key financial highlights included a solid net interest margin of 3.54%, a 1.18% return on assets, and a 10.13% return on equity. The CEO noted a "strong start to the year" and a "commitment to profitable growth and maintaining a stable net interest margin."

    2. Increased Shareholder Returns through Dividend Hike and Share Repurchase Program. Concurrent with its fiscal Q1 2026 earnings report, Bar Harbor Bankshares demonstrated a commitment to returning value to shareholders. The Board of Directors declared an increased cash dividend of $0.34 per share, a 6% rise from the previous quarter's $0.32 per share, payable on June 18, 2026. Furthermore, the company approved an annual resolution for a stock buyback program, authorizing the repurchase of up to 5% of its total outstanding shares.

    3. Enhanced Balance Sheet Strength and Operational Growth. The company showcased improved financial health in fiscal Q1 2026, with total borrowings decreasing by $53.9 million to $215.7 million compared to the previous quarter. This reduction was primarily driven by cash inflows from loan payoffs and an increase in deposits. Bar Harbor Bankshares also reported growth in its customer base, with over 1,500 new customer accounts opened during the quarter, reflecting successful strategic execution and a strong "calling culture."

    4. Favorable Broader Regional Banking Sector Performance. The overall regional banking sector has experienced a period of stabilization and recovery. Industry trends since early 2026 indicate moderating deposit costs, which benefit net interest margins for banks. Analysts project the Regional Banks sub-industry within the S&P 500 Financials sector to report significant year-over-year earnings growth of 17% for fiscal Q2 2026, contributing to positive market sentiment for regional banks like Bar Harbor Bankshares.

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    Stock Movement Drivers

    Fundamental Drivers

    The 19.0% change in BHB stock from 3/31/2026 to 7/22/2026 was primarily driven by a 9.3% change in the company's P/E Multiple.
    (LTM values as of)33120267222026Change
    Stock Price ($)32.1338.2419.0%
    Change Contribution By: 
    Total Revenues ($ Mil)1681785.9%
    Net Income Margin (%)21.9%22.6%2.9%
    P/E Multiple14.515.99.3%
    Shares Outstanding (Mil)1717-0.1%
    Cumulative Contribution19.0%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    3/31/2026 to 7/22/2026
    ReturnCorrelation
    BHB19.0% 
    Market (SPY)14.9%3.0%
    Sector (XLF)13.5%43.4%

    Fundamental Drivers

    The 25.5% change in BHB stock from 12/31/2025 to 7/22/2026 was primarily driven by a 16.2% change in the company's P/E Multiple.
    (LTM values as of)123120257222026Change
    Stock Price ($)30.4638.2425.5%
    Change Contribution By: 
    Total Revenues ($ Mil)15717813.8%
    Net Income Margin (%)23.1%22.6%-2.2%
    P/E Multiple13.715.916.2%
    Shares Outstanding (Mil)1617-3.0%
    Cumulative Contribution25.5%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    12/31/2025 to 7/22/2026
    ReturnCorrelation
    BHB25.5% 
    Market (SPY)9.9%21.4%
    Sector (XLF)2.9%54.0%

    Fundamental Drivers

    The 32.9% change in BHB stock from 6/30/2025 to 7/22/2026 was primarily driven by a 57.6% change in the company's P/E Multiple.
    (LTM values as of)63020257222026Change
    Stock Price ($)28.7838.2432.9%
    Change Contribution By: 
    Total Revenues ($ Mil)15017818.5%
    Net Income Margin (%)29.0%22.6%-22.2%
    P/E Multiple10.115.957.6%
    Shares Outstanding (Mil)1517-8.5%
    Cumulative Contribution32.9%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    6/30/2025 to 7/22/2026
    ReturnCorrelation
    BHB32.9% 
    Market (SPY)22.0%24.2%
    Sector (XLF)8.3%50.2%

    Fundamental Drivers

    The 75.4% change in BHB stock from 6/30/2023 to 7/22/2026 was primarily driven by a 129.0% change in the company's P/E Multiple.
    (LTM values as of)63020237222026Change
    Stock Price ($)21.8038.2475.4%
    Change Contribution By: 
    Total Revenues ($ Mil)15517815.2%
    Net Income Margin (%)30.7%22.6%-26.4%
    P/E Multiple6.915.9129.0%
    Shares Outstanding (Mil)1517-9.7%
    Cumulative Contribution75.4%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    6/30/2023 to 7/22/2026
    ReturnCorrelation
    BHB75.4% 
    Market (SPY)74.6%37.6%
    Sector (XLF)73.7%56.3%

    Return vs. Risk

    Price Returns Compared

     202120222023202420252026Total [1]
    Returns
    BHB Return32%15%-4%9%6%25%108%
    Peers Return25%-3%-11%17%4%24%64%
    S&P 500 Return27%-19%24%23%16%10%100%

    Monthly Win Rates [3]
    BHB Win Rate58%50%42%58%58%86% 
    Peers Win Rate63%43%40%52%53%77% 
    S&P 500 Win Rate75%42%67%75%67%57% 

    Max Drawdowns [4]
    BHB Max Drawdown-19%-22%-32%-20%-17%-12% 
    Peers Max Drawdown-21%-19%-39%-22%-23%-14% 
    S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 

    [1] Cumulative total returns since the beginning of 2021
    [2] Peers: CAC, EBC, INDB, NBTB, CBU.
    [3] Win Rate = % of calendar months in which monthly returns were positive
    [4] Max drawdown represents maximum peak-to-trough decline within a year
    [5] 2026 data is for the year up to 7/22/2026 (YTD)

    How Low Can It Go

    EventBHBS&P 500
    2025 US Tariff Shock
      % Loss-17.4%-18.8%
      % Gain to Breakeven21.1%23.1%
      Time to Breakeven154 days79 days
    2023 SVB Regional Banking Crisis
      % Loss-30.2%-6.7%
      % Gain to Breakeven43.3%7.1%
      Time to Breakeven439 days31 days
    2022 Inflation Shock & Fed Tightening
      % Loss-15.1%-24.5%
      % Gain to Breakeven17.8%32.4%
      Time to Breakeven41 days427 days
    2020 COVID-19 Crash
      % Loss-39.1%-33.7%
      % Gain to Breakeven64.2%50.9%
      Time to Breakeven69 days140 days
    Q4 2018 Fed Policy Error / Growth Scare
      % Loss-21.6%-19.2%
      % Gain to Breakeven27.6%23.8%
      Time to Breakeven788 days105 days
    2015-2016 China Devaluation / Global Growth Scare
      % Loss-10.6%-12.2%
      % Gain to Breakeven11.8%13.9%
      Time to Breakeven21 days62 days

    Compare to CAC, EBC, INDB, NBTB, CBU

    In The Past

    Bar Harbor Bankshares's stock fell -17.4% during the 2025 US Tariff Shock. Such a loss loss requires a 21.1% gain to breakeven.

    Preserve Wealth

    Limiting losses and compounding gains is essential to preserving wealth.

    Asset Allocation

    Actively managed asset allocation strategies protect wealth. Learn more.

    EventBHBS&P 500
    2023 SVB Regional Banking Crisis
      % Loss-30.2%-6.7%
      % Gain to Breakeven43.3%7.1%
      Time to Breakeven439 days31 days
    2020 COVID-19 Crash
      % Loss-39.1%-33.7%
      % Gain to Breakeven64.2%50.9%
      Time to Breakeven69 days140 days
    Q4 2018 Fed Policy Error / Growth Scare
      % Loss-21.6%-19.2%
      % Gain to Breakeven27.6%23.8%
      Time to Breakeven788 days105 days
    2008-2009 Global Financial Crisis
      % Loss-39.8%-53.4%
      % Gain to Breakeven66.1%114.4%
      Time to Breakeven109 days1085 days

    Compare to CAC, EBC, INDB, NBTB, CBU

    In The Past

    Bar Harbor Bankshares's stock fell -17.4% during the 2025 US Tariff Shock. Such a loss loss requires a 21.1% gain to breakeven.

    Preserve Wealth

    Limiting losses and compounding gains is essential to preserving wealth.

    Asset Allocation

    Actively managed asset allocation strategies protect wealth. Learn more.

    About Bar Harbor Bankshares (BHB)

    Bar Harbor Bankshares (BHB) is a bank holding company that operates Bar Harbor Bank & Trust, providing a comprehensive range of commercial, lending, retail, and wealth management banking services. Founded in 1887 and headquartered in Bar Harbor, Maine, the company maintains 53 branch locations across Maine, New Hampshire, and Vermont, serving individuals, businesses, not-for-profit organizations, and municipalities in these regional markets.

    The company's core offerings include various deposit products such as checking, savings, money market accounts, and certificates of deposit. On the lending front, BHB provides a diverse portfolio of loans, including commercial real estate loans (e.g., multi-family, construction, land development), commercial and industrial loans for businesses and agricultural entities, residential mortgages for 1-4 family homes, and consumer loans like home equity, auto, and other installment financing.

    Beyond traditional banking, Bar Harbor Bankshares also specializes in extensive wealth management services. These services include trust and estate administration, wealth advisory, and investment management, alongside 401K plans and financial, estate, and charitable planning. Additionally, the company offers life insurance, annuity, and retirement products, as well as third-party investment and insurance services, positioning itself as a full-service financial partner in its operating regions.

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    It's like a regional version of Bank of America for customers in Maine, New Hampshire, and Vermont.

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    • Deposit Accounts: Provides a range of deposit products including checking, savings, money market accounts, and certificates of deposit for individuals and businesses.
    • Lending Services: Offers various loan types such as commercial real estate, commercial and industrial, residential mortgages, and consumer loans (e.g., home equity, auto).
    • Wealth Management & Advisory Services: Delivers financial planning, investment management, trust and estate administration, and insurance products to diverse clients.

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    Major Customers of Bar Harbor Bankshares (BHB)

    Bar Harbor Bankshares (BHB), as a diversified financial institution, serves a broad base of customers rather than relying on a few major corporate clients. Its customer base can be categorized as follows:

    • Individual Customers: This category includes individuals utilizing retail banking services such as checking and savings accounts, residential real estate loans (mortgages for 1-4 family housing), consumer loans (home equity, lines of credit, auto, and other installment lending), life insurance, annuity, and retirement products, as well as financial planning, trust and estate administration, and wealth management services.
    • Commercial and Agricultural Business Customers: This comprises commercial and agricultural businesses that utilize commercial real estate loans (including multi-family, commercial construction and land development), commercial and industrial loans, deposit accounts, and business-focused wealth management and retirement planning services (e.g., 401K plans).
    • Not-for-profit Organizations and Municipalities: These entities are customers for services such as commercial and industrial loans, deposit accounts, trust and estate administration, wealth advisory, investment management, and specialized municipal services.

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    Fiserv, Inc. (FI)

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    Curtis C. Simard President and Chief Executive Officer

    Curtis C. Simard has served as President and Chief Executive Officer of Bar Harbor Bankshares and its subsidiary Bar Harbor Bank & Trust since August 2013. Prior to joining Bar Harbor Bankshares, he was Senior Vice President and Managing Director of Corporate Banking for TD Bank from 2002 to 2013. He also held various roles at First New Hampshire Bank/Citizens Bank from 1992 to 2002. Mr. Simard is also a director of the company since 2013 and has served as Chairman of the Maine Bankers Association.

    Josephine Iannelli Executive Vice President, Chief Financial Officer and Treasurer

    Josephine Iannelli joined Bar Harbor Bankshares in December 2016 as Executive Vice President, Chief Financial Officer, and Treasurer. Before this role, she served as Senior Executive Vice President, CFO, and Treasurer of Berkshire Hills Bancorp. Her career includes experience at KPMG, various regional financial institutions, and owning her own consulting company, providing expertise in areas such as financial planning & analytics, treasury, investor relations, and M&A.

    Jason P. Edgar President, Bar Harbor Wealth Management

    Jason P. Edgar became President of Bar Harbor Wealth Management in May 2022, following the merger of Bar Harbor Trust Services and Charter Trust Company, where he had served as President since joining Bar Harbor Bankshares in 2019. He brings over 20 years of experience in wealth management, including senior leadership positions at Berkshire Hills Bancorp and Enterprise Bank.

    John M. Mercier Executive Vice President and Chief Lending Officer

    John M. Mercier serves as the Executive Vice President and Chief Lending Officer for Bar Harbor Bank & Trust.

    Joseph Schmitt Senior Vice President, Chief Marketing Officer

    Joseph Schmitt joined Bar Harbor Bankshares in September 2017 as Senior Vice President, Chief Marketing Officer. He has over 25 years of experience in marketing and product management, with previous roles including Head of Product Marketing at Santander and Chief Marketing Officer at Brookline Bank. He also worked at BankBoston.

    ```

    AI Analysis | Feedback

    The key risks to Bar Harbor Bankshares (BHB) include:
    1. Credit Risk and Regional Economic Downturns: As a commercial, lending, retail, and wealth management bank with a significant portfolio of commercial real estate, commercial and industrial, residential real estate, and consumer loans, Bar Harbor Bankshares is highly susceptible to credit risk. A severe economic downturn or adverse business conditions in its primary operating regions of Maine, New Hampshire, and Vermont could lead to increased loan defaults, higher loan loss provisions, and a deterioration in asset quality, significantly impacting the bank's profitability and financial health.
    2. Interest Rate Risk: Bar Harbor Bankshares' profitability is heavily dependent on its net interest margin, which is the difference between the interest earned on its assets (like loans) and the interest paid on its liabilities (like deposits). Significant or rapid fluctuations in market interest rates could adversely affect this margin. For instance, a sudden increase in interest rates could raise the cost of its deposits and other funding sources more quickly than the yields on its loan portfolio, thereby compressing profitability.
    3. Competition and Market Saturation: Operating in specific regional markets (Maine, New Hampshire, and Vermont), Bar Harbor Bankshares faces intense competition for deposits, loans, and wealth management clients from a variety of financial institutions, including larger national banks, other regional and community banks, credit unions, and emerging financial technology companies. This competitive landscape can limit growth opportunities, constrain pricing power, and increase the costs associated with attracting and retaining customers, potentially impacting market share and profitability.

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    The rise of fintech companies and digital-only banks represents an emerging threat. These entities operate with significantly lower overhead due to minimal or no physical branch networks, allowing them to offer more competitive interest rates on deposits and loans, and a superior digital customer experience. This poses a direct threat to Bar Harbor Bankshares' ability to attract and retain customers for its deposit products and various lending services (commercial, residential, consumer), particularly as customer preferences shift towards digital-first solutions over traditional brick-and-mortar banking. Furthermore, the proliferation of robo-advisors and automated investment platforms poses a threat to Bar Harbor Bankshares' wealth management, financial planning, and investment management services. These platforms offer algorithm-driven investment solutions at significantly lower costs, potentially attracting clients who seek efficient, accessible, and cost-effective alternatives to traditional human advisory services.

    AI Analysis | Feedback

    The addressable markets for Bar Harbor Bankshares' main products and services in Maine, New Hampshire, and Vermont are sized as follows:

    Deposits

    • Maine: The total deposits for all 29 retail banks in Maine were $41.9 billion as of June 30, 2021.
    • New Hampshire: Total deposits across all banks in New Hampshire were $47.7 billion as of the second quarter of 2024.
    • Vermont: Total deposits held at community bank branches in Vermont amounted to $8.74 billion as of December 13, 2024.

    Lending Services

    Commercial Real Estate Loans

    • Maine: Commercial real estate loans for banks headquartered in Maine were $9.08 billion during the first six months of 2021. The Real Estate Loans & Collateralized Debt industry in Maine experienced an average annual growth rate of 10.1% from 2020 to 2025.
    • New Hampshire: Banks in New Hampshire lent $2.15 billion in mortgages in 2024, which can include commercial real estate. The Real Estate Loans & Collateralized Debt industry in New Hampshire grew at an average annual rate of 12.1% from 2020 to 2025.
    • Vermont: Nonresidential real estate loans in Vermont were $161 million in the second quarter of 2025. Vermont Federal Credit Union granted $103 million in real estate loans in 2024, which may include commercial real estate.

    Commercial and Industrial (C&I) Loans

    • Maine: Commercial and industrial (C&I) loans for banks headquartered in Maine were $3.64 billion during the first six months of 2021.
    • New Hampshire: Banks in New Hampshire provided $619 million in small business lending in 2024. In 2024, small business loans totaled $2.4 billion.
    • Vermont: Total new lending to businesses with revenues of $1 million or less was $376.5 million in 2023. Vermont Federal Credit Union funded $23 million in business loans in 2024.

    Residential Real Estate Loans

    • Maine: Residential 1-4 family loans for banks headquartered in Maine amounted to $10.38 billion during the first six months of 2021.
    • New Hampshire: New home loans booked in New Hampshire totaled $4.3 billion in 2024.
    • Vermont: Residential real estate loans in Vermont were $379 million in the second quarter of 2025. Vermont Federal Credit Union granted $103 million in real estate loans in 2024.

    Consumer Loans

    • Maine: Consumer loans for banks headquartered in Maine were $276 million during the first six months of 2021.
    • Vermont: Consumer loans in Vermont were $10 million in the second quarter of 2025. Vermont Federal Credit Union provided $105 million in consumer loans in 2024.

    Wealth Management Banking Services

    • No specific addressable market size (e.g., total assets under management or total revenue) for wealth management services in Maine, New Hampshire, or Vermont was explicitly identified in the provided information.

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    Expected Drivers of Future Revenue Growth for Bar Harbor Bankshares (BHB)

    • Loan Growth, particularly in Commercial and Specialized Lending: Bar Harbor Bankshares anticipates revenue growth through expanding its lending portfolio, with a specific focus on commercial and consumer loans. The company has established new teams dedicated to renewable energy and healthcare infrastructure lending, aiming to capitalize on significant regional investment flows and diversify its loan mix. This is expected to drive loan growth, as evidenced by total loans reaching $3.61 billion at year-end 2025, up from $3.15 billion in 2024.
    • Expansion of Wealth Management Services: The growth of Bar Harbor Wealth Management is a key driver for increasing non-interest income. The company has actively embedded advisors within its branches to enhance fee income. Initiatives such as the "Wealth Management Reimagined" launch in 2024–2025 specifically targeted intergenerational wealth transfer in Northern New England, contributing to a 12 percent rise in assets under management within the wealth division. Assets under management were approximately $3.0 billion as of December 31, 2025, up from $2.8 billion a year earlier.
    • Strategic Mergers & Acquisitions and Geographic Expansion: Bar Harbor Bankshares strategically targets community banks with assets between $200 million and $500 million for bolt-on acquisitions, seeking geographic synergy, low-cost deposits, and rapid earnings accretion. The acquisition of Guaranty Bancorp, Inc., parent company of Woodsville Guaranty Savings Bank, in Q2 2025, exemplifies this strategy, strengthening Bar Harbor Bankshares' presence in key markets and expanding its operational scale and service offerings. The bank concentrates its organic expansion efforts on higher-growth areas like Southern New Hampshire and the Burlington, Vermont metro area.
    • Organic Deposit Growth and Digital Channel Enhancement: The company is focused on attracting organic deposit growth, particularly in targeted high-growth metropolitan areas. Furthermore, investments in digital channels are a significant factor, with Bar Harbor Online and Mobile platforms handling over 70% of routine transaction volume. The bank's omnichannel sales strategy, which blends its physical branch network with a rapidly expanding digital ecosystem, coupled with data-driven marketing, is crucial for customer acquisition and commercial growth.

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    Share Repurchases

    • Bar Harbor Bankshares announced a share repurchase plan in the first quarter of 2024.

    Share Issuance

    • The company completed the acquisition of Guaranty Bancorp, Inc. in June 2025, involving stock consideration as part of the merger structure. This acquisition added $658.1 million of total assets.
    • In February 2026, restricted stock shares were granted to several executives as equity-based compensation, including 3,174 shares to an Executive Vice President, 2,150 shares to an officer, 2,598 shares to another Executive Vice President, 4,697 shares to the EVP, CFO & Treasurer, and 2,962 shares to a Senior Vice President.

    Outbound Investments

    • Bar Harbor Bankshares acquired Guaranty Bancorp, Inc., with the merger completing in June 2025. The consideration paid for the acquisition was $39.2 million.
    • The acquisition resulted in the addition of $658.1 million in total assets, which included $413.4 million in loans, and $641.2 million in total liabilities, primarily comprising $531.3 million in deposits and $109.2 million in borrowings and subordinated debt.

    Capital Expenditures

    • Bar Harbor Bankshares invested $1.1 million in capital expenditures during Q3 2025, primarily for funding long-term assets and infrastructure.
    • Capital expenditures were approximately $1.10 million in a recent period, $1.99 million in a preceding period, and $1.54 million before that.

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    Financials

    BHBCACEBCINDBNBTBCBUMedian
    NameBar Harb.Camden N.Eastern .Independ.NBT Banc.Communit. 
    Mkt Price38.2453.6322.5785.2951.7367.2152.68
    Mkt Cap0.60.95.04.22.73.53.1
    Rev LTM1782531,049919724836780
    Op Inc LTM-------
    FCF LTM3977355339229242235
    FCF 3Y Avg3961275258191217204
    CFO LTM4483376355246311279
    CFO 3Y Avg4566289275204256230

    Growth & Margins

    BHBCACEBCINDBNBTBCBUMedian
    NameBar Harb.Camden N.Eastern .Independ.NBT Banc.Communit. 
    Rev Chg LTM18.5%33.2%104.0%33.2%23.1%9.2%28.1%
    Rev Chg 3Y Avg5.2%13.8%55.3%8.6%12.1%9.1%10.6%
    Rev Chg Q26.8%7.5%630.3%42.1%19.4%8.8%23.1%
    QoQ Delta Rev Chg LTM5.9%1.8%46.6%8.8%4.3%2.1%5.1%
    Op Inc Chg LTM-------
    Op Inc Chg 3Y Avg-------
    Op Mgn LTM-------
    Op Mgn 3Y Avg-------
    QoQ Delta Op Mgn LTM-------
    CFO/Rev LTM24.7%32.8%35.8%38.6%34.0%37.2%34.9%
    CFO/Rev 3Y Avg28.6%33.8%41.3%35.3%33.1%33.1%33.4%
    FCF/Rev LTM21.7%30.5%33.8%36.9%31.7%28.9%31.1%
    FCF/Rev 3Y Avg24.4%31.3%39.4%33.1%30.9%28.3%31.1%

    Valuation

    BHBCACEBCINDBNBTBCBUMedian
    NameBar Harb.Camden N.Eastern .Independ.NBT Banc.Communit. 
    Mkt Cap0.60.95.04.22.73.53.1
    P/S3.63.64.84.53.74.24.0
    P/Op Inc-------
    P/EBIT-------
    P/E15.911.413.517.414.716.215.3
    P/CFO14.511.013.311.810.911.411.6
    Total Yield9.6%11.9%9.6%8.4%9.6%8.9%9.6%
    Dividend Yield3.3%3.1%2.2%2.6%2.8%2.8%2.8%
    FCF Yield 3Y Avg8.0%9.3%8.2%9.0%9.0%7.3%8.6%
    D/E0.30.30.10.20.10.10.2
    Net D/E-0.1-0.80.1-0.1-0.3-0.7-0.2

    Returns

    BHBCACEBCINDBNBTBCBUMedian
    NameBar Harb.Camden N.Eastern .Independ.NBT Banc.Communit. 
    1M Rtn5.4%4.2%8.8%5.6%9.4%5.8%5.7%
    3M Rtn12.7%9.5%12.3%9.8%16.6%8.4%11.0%
    6M Rtn14.0%15.3%13.0%9.2%16.4%6.5%13.5%
    12M Rtn26.1%31.9%43.5%28.6%26.1%24.3%27.3%
    3Y Rtn68.1%85.2%81.2%71.6%61.5%49.6%69.8%
    1M Excs Rtn5.0%3.9%8.5%5.2%9.0%5.5%5.4%
    3M Excs Rtn7.6%3.8%5.4%4.5%9.5%1.8%4.9%
    6M Excs Rtn10.4%11.9%9.2%4.6%11.8%1.6%9.8%
    12M Excs Rtn7.4%12.6%24.8%9.3%5.7%0.8%8.3%
    3Y Excs Rtn4.8%33.2%19.3%26.6%4.6%-5.1%12.1%

    Comparison Analyses

    null

    Financials

    $ Mil | FY: 12/312026Q12025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q2
    Period End3/31/202612/31/20259/30/20256/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/20236/30/2023
    Filing Date5/5/20263/13/202611/6/20258/6/20255/8/20253/11/202511/7/20248/7/20245/8/20243/11/202411/7/20238/7/2023
    Key Financials Quarterly            
    Total Revenue474948353737393736373838
    Net Income1412961011121010101111
    EPS0.810.700.550.400.670.720.800.670.660.660.730.71
    Key Financials TTM            
    Total Revenue TTM178168157148150150150149149153156157
    Net Income TTM403736394444424142454748
    Growth Rates Quarterly            
    Total Revenue Growth26.8%31.3%23.1%-7.2%2.3%-0.5%2.2%-1.5%-9.1%-7.5%-2.4%6.5%
    Net Income Growth32.6%6.9%-27.4%-40.6%1.1%10.6%9.8%-4.9%-22.4%-20.5%-2.9%2.7%
    Margins Quarterly            
    Net Income Margin28.6%24.0%18.6%17.6%27.4%29.5%31.6%27.6%27.7%26.5%29.4%28.6%
    Cash & Debt            
    Total Cash247678663559407593617615604629632662
    Total Debt213270185292241291195315257302367459
    Net Debt / (Cash)-34-409-478-267-166-302-422-300-347-328-265-203
    Cash Flows Quarterly            
    FCF from Operations51717591324791619-5
    Cash Flows TTM            
    FCF from Operations TTM444844515352555139474850
    Returns to Shareholders Quarterly            
    Dividends555555554444
    Share Repurchases-0-0-0-0-0-0-0-0-0-0-0-0
    Return on Invested Capital (ROIC) Quarterly            
    ROIC32.6%-----------
    Return on Invested Capital (ROIC) TTM            
    ROIC TTM24.2%-----------

    Segment Financials

    Revenue by Segment
    $ Mil20252024202320222021
    Banking operations168150153149138
    Total168150153149138


    Price Behavior

    Price Behavior
    Market Price$38.24 
    Market Cap ($ Bil)0.6 
    First Trading Date09/23/1997 
    Distance from 52W High-2.1% 
       50 Days200 Days
    DMA Price$36.27$32.77
    DMA Trendupup
    Distance from DMA5.4%16.7%
     3M1YR
    Volatility23.3%27.4%
    Downside Capture-27.7741.85
    Upside Capture33.1260.07
    Correlation (SPY)-8.3%23.1%
    BHB Betas & Captures as of 6/30/2026

     1M2M3M6M1Y3Y
    Beta-0.58-0.27-0.000.400.530.80
    Up Beta-1.11-0.670.090.240.560.85
    Down Beta-0.39-0.36-0.560.260.420.76
    Up Capture-5%27%38%64%57%57%
    Bmk +ve Days11244067140429
    Stock +ve Days11213365130378
    Down Capture-93%-54%-29%36%53%91%
    Bmk -ve Days10172358112321
    Stock -ve Days10203060122368

    [1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
    Based On 1-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with BHB
    BHB26.4%27.3%0.84-
    Sector ETF (XLF)8.3%14.6%0.3348.8%
    Equity (SPY)20.0%12.6%1.1623.0%
    Gold (GLD)21.2%28.1%0.670.4%
    Commodities (DBC)33.0%19.1%1.36-21.1%
    Real Estate (VNQ)13.9%14.0%0.7040.3%
    Bitcoin (BTCUSD)-43.6%42.9%-1.2117.0%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How
    Based On 5-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with BHB
    BHB10.9%32.9%0.37-
    Sector ETF (XLF)10.8%18.5%0.4556.0%
    Equity (SPY)12.8%17.1%0.5841.6%
    Gold (GLD)17.3%18.4%0.760.4%
    Commodities (DBC)9.3%19.5%0.378.6%
    Real Estate (VNQ)2.7%18.9%0.0443.3%
    Bitcoin (BTCUSD)15.2%53.5%0.4618.6%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How
    Based On 10-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with BHB
    BHB8.2%38.0%0.32-
    Sector ETF (XLF)13.5%22.0%0.5662.9%
    Equity (SPY)15.1%17.9%0.7248.9%
    Gold (GLD)11.5%16.1%0.58-2.7%
    Commodities (DBC)7.1%17.9%0.3113.5%
    Real Estate (VNQ)5.0%20.7%0.2047.2%
    Bitcoin (BTCUSD)58.5%66.2%0.9915.4%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How

    Short Interest

    Short Interest: As Of Date6302026
    Short Interest: Shares Quantity0.7 Mil
    Short Interest: % Change Since 6152026166.5%
    Average Daily Volume0.2 Mil
    Days-to-Cover Short Interest2.9 days
    Basic Shares Quantity16.7 Mil
    Short % of Basic Shares4.1%

    Returns Analyses

    Earnings Returns History

    Updated 7/21/2026
    Expand for More
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    4/21/20260.9%3.7%1.6%
    1/22/2026-2.5%-2.3%-3.1%
    10/21/20252.6%0.7%-1.5%
    7/22/2025-2.3%-5.2%-1.7%
    5/14/20250.7%-4.6%-6.8%
    1/23/20250.0%3.4%3.2%
    10/22/20248.3%8.0%15.4%
    7/18/2024-0.8%7.2%-3.1%
    ...
    SUMMARY STATS   
    # Positive131512
    # Negative11912
    Median Positive1.7%3.1%7.5%
    Median Negative-2.4%-3.6%-3.1%
    Max Positive8.3%8.7%32.3%
    Max Negative-5.3%-6.2%-9.7%
     Collapse to Preview
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    4/21/20260.9%3.7%1.6%
    1/22/2026-2.5%-2.3%-3.1%
    10/21/20252.6%0.7%-1.5%
    7/22/2025-2.3%-5.2%-1.7%
    5/14/20250.7%-4.6%-6.8%
    1/23/20250.0%3.4%3.2%
    10/22/20248.3%8.0%15.4%
    7/18/2024-0.8%7.2%-3.1%
    5/16/20241.7%-0.7%-5.7%
    1/23/2024-2.4%0.4%-7.9%
    10/17/20231.3%-3.6%8.7%
    7/20/2023-3.1%0.4%-2.0%
    4/20/2023-5.3%-6.2%-6.7%
    1/19/20232.6%0.2%1.8%
    10/19/20224.6%6.9%11.3%
    7/21/2022-1.6%3.0%6.7%
    4/21/2022-2.5%-5.3%-9.7%
    1/20/20220.1%-0.2%-2.6%
    10/21/20213.3%3.1%8.4%
    7/21/20212.1%3.6%-3.2%
    4/27/2021-2.3%-1.5%3.1%
    1/28/2021-1.3%8.7%32.3%
    10/27/2020-3.9%2.9%15.9%
    7/27/20200.8%1.8%3.9%
    SUMMARY STATS   
    # Positive131512
    # Negative11912
    Median Positive1.7%3.1%7.5%
    Median Negative-2.4%-3.6%-3.1%
    Max Positive8.3%8.7%32.3%
    Max Negative-5.3%-6.2%-9.7%

    SEC Filings

    Expand for More
    Report DateFiling DateFiling
    03/31/202605/05/202610-Q
    12/31/202503/13/202610-K
    09/30/202511/06/202510-Q
    06/30/202508/06/202510-Q
    03/31/202505/08/202510-Q
    12/31/202403/11/202510-K
    09/30/202411/07/202410-Q
    06/30/202408/07/202410-Q
    03/31/202405/08/202410-Q
    12/31/202303/11/202410-K
    09/30/202311/07/202310-Q
    06/30/202308/07/202310-Q
    03/31/202305/08/202310-Q
    12/31/202203/14/202310-K
    09/30/202211/04/202210-Q
    06/30/202208/03/202210-Q
     Collapse to Preview
    Report DateFiling DateFiling
    03/31/202605/05/202610-Q
    12/31/202503/13/202610-K
    09/30/202511/06/202510-Q
    06/30/202508/06/202510-Q
    03/31/202505/08/202510-Q
    12/31/202403/11/202510-K
    09/30/202411/07/202410-Q
    06/30/202408/07/202410-Q
    03/31/202405/08/202410-Q
    12/31/202303/11/202410-K
    09/30/202311/07/202310-Q
    06/30/202308/07/202310-Q
    03/31/202305/08/202310-Q
    12/31/202203/14/202310-K
    09/30/202211/04/202210-Q
    06/30/202208/03/202210-Q
    03/31/202205/05/202210-Q
    12/31/202103/14/202210-K
    09/30/202111/08/202110-Q
    06/30/202108/03/202110-Q
    03/31/202105/05/202110-Q
    12/31/202003/10/202110-K
    09/30/202011/05/202010-Q
    06/30/202008/05/202010-Q
    03/31/202005/08/202010-Q
    12/31/201903/10/202010-K
    09/30/201911/04/201910-Q
    06/30/201908/05/201910-Q

    Insider Activity

    Updated 6/23/2026
    Expand for More
    #OwnerTitleHoldingActionFiling DatePriceSharesTransacted
    Value    		Value of
    Held Shares    		Form
    1Caras, Matthew LDirectBuy428202634.6876026,357793,962Form
    2Colter, David MDirectBuy303202632.5450016,270412,843Form
    3Caras, Matthew LDirectBuy1103202529.1258016,890597,644Form
    4Shaw, Brian DDirectBuy911202532.0910,000320,850560,318Form
     Collapse to Preview
    #OwnerTitleHoldingActionFiling DatePriceSharesTransacted
    Value    		Value of
    Held Shares    		Form
    1Caras, Matthew LDirectBuy428202634.6876026,357793,962Form
    2Colter, David MDirectBuy303202632.5450016,270412,843Form
    3Caras, Matthew LDirectBuy1103202529.1258016,890597,644Form
    4Shaw, Brian DDirectBuy911202532.0910,000320,850560,318Form

    Industry Resources

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    Core Cache Last Updated: 7/22/2026