Bar Harbor Bankshares (A:BHB)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 82 Main Street BAR HARBOR ME 04609 |
| Tel: | N/A |
| Website: | https://www.barharbor.bank/about-us/shareholder-relations/shareholder-relations |
| IR: | See website |
| Key People | ||
| Curtis C. Simard President, Chief Executive Officer, Director | Josephine Iannelli Chief Financial Officer, Executive Vice President, Treasurer | Jason Edgar President of BHWM |
| Marion Colombo Executive Vice President, Director - Retail Delivery of BHBT | John M. Mercier Executive Vice President, Chief Lending Officer of BHBT | Joseph P. Scully Senior Vice President, Chief Information Officer, Director - Operations of BHBT | John M. Williams Senior Vice President, Chief Risk Officer of BHBT |
| Business Overview |
| Bar Harbor Bankshares is the parent company of its wholly-owned subsidiary, Bar Harbor Bank & Trust (the Bank). The Bank is a regional community bank. The Company offers a variety of financial products and services designed around its customers in order to serve their banking and financial needs. The Company operates within community banking industry and includes traditional community banking services, including lending activities, acceptance of demand, savings and time deposits, business services, investment management, trust and third-party brokerage services. The Bank provides full-service community banking with office locations in all three Northern New England states of Maine, New Hampshire and Vermont. The Company has around 22 full-service branches in operation and two wealth management offices located in the regions of downeast, midcoast, and central Maine. It has around 21 full-service branches in operation and five wealth management offices in New Hampshire. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Bar Harbor Bankshares interest income increased 38% to $174.2M. Net interest income after loan loss provision increased 4% to $114.8M. Net income increased 3% to $44.9M. Net interest income after loan loss provision reflects Community Banking Industry segment increase of 4% to $114.8M. Dividend per share increased from $1.02 to $1.10. |
| Employees: | 462 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $419.32M as of Dec 31, 2023 |
| Annual revenue (TTM): | $174.18M as of Dec 31, 2023 |
| EBITDA (TTM): | $80.97M as of Dec 31, 2023 |
| Net annual income (TTM): | $44.85M as of Dec 31, 2023 |
| Free cash flow (TTM): | $24.30M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $56.71M as of Dec 31, 2023 |
| Shares outstanding: | 15,185,021 as of Mar 8, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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