Bar Harbor Q2 profit rises as securities losses ease

Bar Harbor Bankshares, Inc.

Bar Harbor Bankshares, Inc.

BHB

0.00


Overview

  • US community bank's Q2 net income and EPS rose sequentially from prior quarter

  • Net interest margin improved to 3.61% from 3.54% in Q1 2026

  • Company raised quarterly dividend to $0.34 per share from $0.32 in Q1


Outlook

  • Company did not provide specific guidance or forecasts for the current or future periods


Result Drivers

  • LOAN GROWTH - Higher loan balances, especially in commercial real estate and commercial and industrial segments, drove increased interest income

  • NON-INTEREST INCOME - Higher customer service fees and a smaller loss on securities sales boosted non-interest income

  • LOWER DEPOSIT COSTS - Decreased interest-bearing deposit costs supported net interest margin expansion


Company press release: ID:nACSVZGLHa


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 EPS

Beat

$0.91

$0.90 (2 Analysts)

Q2 Net Income

Slight Beat*

$15.20 mln

$15.05 mln (2 Analysts)

Q2 Adjusted ROE

11.30%

Q2 Credit Loss Allowance

$32.20 mln

Q2 Net Interest Margin

3.61%

Q2 ROE

11.16%

*Applies to a deviation of less than 1%; not applicable for per-share numbers.


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the banks peer group is "buy"

  • Wall Street's median 12-month price target for Bar Harbor Bankshares is $38.50, about 1.5% above its July 20 closing price of $37.94

  • The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago


Reuters Recommended Reads

  • July 21 - Southern First Bancshares' Q2 profit rises on loan growth and margin expansion

  • July 21 - FVCBankcorp Q2 net income rises on higher loan yields, lower costs

  • July 21 - Century Next Financial Q2 net income rises on net interest margin expansion


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


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