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
Curtis C. Simard
President, Chief Executive Officer, Director
Josephine Iannelli
Chief Financial Officer, Executive Vice President, Treasurer
Richard B. Maltz
Chief Operating Officer, Executive Vice President, Chief Risk Officer
Marion Colombo
Executive Vice President - Director of Retail Delivery
JOHN M. Mercier
Executive Vice President and 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 fiscal year ended 31 December 2019, Bar Harbor Bankshares interest income increased 6% to $135.4M. Net interest income after loan loss provision decreased 1% to $87.5M. Net income decreased 31% to $22.6M. Net interest income after loan loss provision reflects Net Interest Margin, Total - % decrease of 3% to 2.78%, Net Interest Spread, Total - % decrease of 4% to 2.56%.
Employees: 460 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $299.12M as of Dec 31, 2019
Annual revenue (TTM): $135.39M as of Dec 31, 2019
EBITDA (TTM): $59.80M as of Dec 31, 2019
Net annual income (TTM): $22.62M as of Dec 31, 2019
Free cash flow (TTM): $13.85M as of Dec 31, 2019
Net Debt Last Fiscal Year: $67.49M as of Dec 31, 2019
Shares outstanding: 15,587,359 as of Mar 6, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization