Bar Harbor Bankshares (A:BHB)

Sector:  Financials Industry:  Banks
See Regulatory Filings on SEC
Company Contact
Address: 82 Main St
PO Box 400
BAR HARBOR ME 04609-0400
Tel: N/A
Website: N/A
Key People
David B. Woodside
Independent Chairman of the Board
Curtis C. Simard
President, Chief Executive Officer, Director
Josephine Iannelli
Chief Financial Officer, Executive Vice President, Treasurer
Jason Edgar
President - BHTS and CTC
Richard B. Maltz
Chief Operating Officer, Executive Vice President, Chief Risk Officer
Jennifer Svenson
Chief Human Resource Officer, Senior Vice President
Marion Colombo
Executive Vice President - Director of Retail Delivery
John M. Mercier
Executive Vice President, Chief Lending Officer
Business Overview
Bar Harbor Bankshares is a bank holding company. The Company's operating subsidiary, Bar Harbor Bank & Trust (the Bank), is a community bank, which offers a range of deposit, loan and related banking products, as well as brokerage services provided through a third-party brokerage arrangement. In addition, the Company offers trust and investment management services through its second tier subsidiary, Bar Harbor Trust Services, a Maine chartered non-depository trust company. The Bank offers a range of consumer financial products and services for the deposit and borrowing needs of its retail customers. The Bank's retail deposit products and services include checking accounts, interest bearing negotiable order of withdrawal accounts, money market accounts, savings accounts, club accounts, short-term and long-term certificates of deposits, health savings accounts and individual retirement accounts.
Financial Overview
For the three months ended 31 March 2020, Bar Harbor Bankshares interest income increased 1% to $33.5M. Net interest income after loan loss provision increased 9% to $23.5M. Net income increased 6% to $7.7M. Net interest income after loan loss provision reflects Net Interest Margin, Total - % increase of 10% to 3.06%, Net Interest Spread, Total - % increase of 13% to 2.86%, Interest & Fees on Loans increase of 4% to $28M.
Employees: 460 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $389.92M as of Mar 31, 2020
Annual revenue (TTM): $135.66M as of Mar 31, 2020
EBITDA (TTM): $58.56M as of Mar 31, 2020
Net annual income (TTM): $23.06M as of Mar 31, 2020
Free cash flow (TTM): $13.44M as of Mar 31, 2020
Net Debt Last Fiscal Year: $84.37M as of Mar 31, 2020
Shares outstanding: 15,533,659 as of Apr 30, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization