BHB

BAR HARBOR, ME / ACCESS Newswire / October 22, 2026 / Bar Harbor Bankshares (NYSE American:BHB) (the "Company") reported third quarter 2026 GAAP net income of $16.1 million, or $0.96 per diluted share, and core earnings (Non-GAAP) of $17.5 million, or $1.04 per diluted share, compared to GAAP net income of $15.2 million, or $0.91 per diluted share, and core earnings (Non-GAAP) of $15.4 million, or $0.92 per diluted share, in the second quarter of 2026. THIRD QUARTER 2026 HIGHLIGHTS (all comparisons to second quarter 2026, unless otherwise noted) - Net interest margin of 3.77%, compared to 3.61% - 1.35% return on assets; 1.47% core return on assets (Non-GAAP) - 11.69% return on equity; 12.70% core return on equity (Non-GAAP) - 55.26% efficiency ratio (Non-GAAP), compared to 55.76% Bar Harbor Bankshares' President and Chief Executive Officer, Curtis C. Simard, stated, "We are pleased to announce another strong quarter of financial results. Our success reflects our commitment to performance metrics in all our core businesses, centered in exceptional service and targeted calling. Our Retail teams opened more than 1,600 new customer accounts during the quarter, demonstrating this calling culture and the effectiveness of our execution-focused approach to banking. Total deposits grew 9% on an annualized basis contributing to a lower overall cost of funds, reduced reliance on wholesale borrowings and increased profitability. Wealth management continues to be a significant contributor and meaningful part of our organization. This has never been more true as we are adding seasoned recruits to our commercial and industrial lending team who, in addition to building a robust pipeline, possess the trusted status with customers for a natural wealth referral. Our consistent financial performance reflects the disciplined execution of our strategy, the dedication of our employees and our unwavering focus on long-term shareholder value." DIVIDEND DECLARED The Board of Directors of the Company voted to declare a cash dividend of $0.34 per share to shareholders of record at the close of business on November 19, 2026, payable on December 18, 2026. The dividend equates to a 3.52% annualized yield based on the $38.69 closing share price of the Company's common stock on September 30, 2026, the last trading day of the third quarter 2026. FINANCIAL CONDITION (Quarter results for September 30, 2026 compared to June 30, 2026) Total assets decreased slightly to $4.7 billion at the end of the third quarter 2026. The decrease of less than 1% was primarily due to lower cash balances and a decrease in available-for-sale debt securities. Total cash and cash equivalents were $74.8 million at the end of the third quarter 2026, compared to $104.4 million at the end of the second quarter 2026. Interest-earning deposits with other banks decreased to $37.8 million at the end of the third quarter 2026, compared to $58.1 million at the end of the second quarter 2026. The decrease in cash and cash equivalents is primarily driven by paydowns of wholesale funds. Available-for-sale debt securities were $581.3 million compared to $601.8 million at the end of the second quarter 2026. Portfolio unrealized losses were $72.9 million at quarter-end compared to $45.0 million at the end of the second quarter 2026, the increase was driven by the current interest rate environment. During the quarter there were purchases of $31.3 million, paydowns and calls of $22.8 million and net accretion of $420 thousand. The quarter-to-date weighted average yield of the securities portfolio was 4.10% compared to 4.06% at the end of the second quarter 2026. As of the third quarter 2026 and the second quarter 2026, our securities portfolio had an average life of 8.0 years and 7.2 years respectively, with an effective duration of 5.5 years and 5.2 years, respectively. At the end of the third quarter 2026, all securities remain classified as available for sale. Federal Home Loan Bank stock decreased $5.5 million to $8.0 million at the end of the third quarter 2026 compared to $13.4 million at the end of the second quarter 2026, primarily driven by the decrease in wholesale borrowings. Total loans were remained steady at $3.6 billion in the third quarter 2026 as well as the second quarter 2026. Commercial real estate loans increased $21.9 million driven by $55.1 million in originations during the quarter, partially offset by $33.7 million in payoffs during the quarter. Commercial and industrial loans decreased $21.6 million and included $36.0 million in payoffs offset in part by $12.3 million of originations during the quarter. Residential real estate loans decreased $9.6 million during the quarter due to $31.0 million in payoffs and $2.9 million in paydowns, partially offset by $18.5 million in originations. Loans held for sale were $10.7 million in the third quarter 2026 compared to $10.2 million in the second quarter 2026 as we originated $36.8 million in loans held for sale and sold $35.5 million in loans during the quarter. The allowance for credit losses ("ACL") on loans was $31.8 million at the end of the third quarter 2026, compared to $32.2 million at the end of the second quarter 2026. Charge-offs were minimal with a net charge-off to average loans ratio of 0.03% for the third quarter 2026. Premises and equipment were $61.4 million at the end of the third quarter 2026 compared to $61.2 million at the end of the second quarter 2026 due to renovation projects. Other real estate owned decreased $1.0 million in the third quarter 2026 to $7.1 million due to the further write-down of one commercial property. Total deposits increased $84.0 million to $3.9 billion at the end of the third quarter 2026. The increase was driven by a $107.2 million increase in interest-bearing demand deposits and a $24.6 million increase in non-interest-bearing demand deposits in the third quarter 2026. Savings deposits increased $7.6 million in the third quarter 2026 and money market deposits increased $7.4 million in the third quarter 2026. Growth in non-maturity deposits included $31.7 million in new customer deposits. Time deposits decreased $62.8 million driven primarily by a $59.0 million reduction in brokered deposits. Total borrowings decreased $123.7 million in the third quarter 2026 to $157.4 million compared to $281.2 million in the second quarter 2026. The decrease was driven by paydowns of wholesale borrowings from loan payoffs as well as a $20.0 million subordinated debt redemption. The Company's book value per share was $31.95 at the end of the third quarter 2026 compared to $32.80 at the end of the second quarter 2026. Tangible book value per share (Non-GAAP) was $22.61 at the end of the third quarter 2026, compared to $23.43 at the end of the second quarter 2026. RESULTS OF OPERATIONS (Quarter results for September 30, 2026 compared to September 30, 2025) The net interest margin was 3.77% in the third quarter 2026 compared to 3.56% in the same quarter 2025. As loan balances grew year-over-year the yield on loans expanded 4 basis points to 5.64% compared to 5.60% in the same period of 2025. Interest-bearing deposit costs decreased year-over-year to 1.87% compared to 2.12% in the same period of 2025. Total interest and dividend income increased by 4% or $2.5 million to $58.4 million in the third quarter 2026 compared to $55.9 million in the third quarter 2025. Yields on earning assets grew to 5.39% in the third quarter 2026 compared to 5.36% in the third quarter 2025. The yield on available-for-sale debt securities decreased to 4.10% in the third quarter 2026 compared to 4.14% in the same period of 2025. The loan yield grew to 5.64% in the third quarter 2026 compared to 5.60% in the same period of 2025 driven by residential loan yield expansion to 4.81% for the third quarter 2026 from 4.42% in the third quarter of 2025. Total loan yield growth was partially offset by a decrease in the commercial and industrial yield to 6.11% for the third quarter 2026 from 6.45% in the third quarter 2025 driven by payoffs. Total interest expense decreased $1.3 million in the third quarter 2026 compared to the third quarter 2025. Deposit costs were down $1.3 million year-over-year as the cost of interest-bearing deposits decreased to 1.87% in the third quarter 2026 from 2.12% in the same period of 2025. Borrowing costs increased $34 thousand, or 1.3% year-over-year. The provision for credit losses on loans in the third quarter 2026 was a recapture of $167 thousand compared to a $3.7 million provision in the same period of 2025. The recapture was primarily due to the full payoff of a PCD relationship that previously carried significant reserves. Net charge-offs remained low at $303 thousand in the third quarter of 2026 compared to $316 thousand in the third quarter of 2025. The allowance for credit losses to total loans coverage ratio for the third quarter 2026 remains adequately reserved and was 0.88% compared to 0.95% in the third quarter of 2025. Non-interest income was $10.8 million in the third quarter 2026 compared to $10.6 million in the same quarter 2025. Trust and investment management fee income increased $283 thousand or 7% to $4.2 million in the third quarter 2026 compared to $3.9 million in the third quarter 2025 as assets under management grew 2.4% over the same periods. Customer service fees increased $255 thousand or 6% during the quarter to $4.6 million compared to $4.3 million in the third quarter 2025. Mortgage banking income increased to $766 thousand in the third quarter of 2026 compared to $423 thousand in the third quarter 2025 driven by higher gains due to the interest rate environment. The increases were offset in part by customer derivative income decreasing to $484 thousand from $962 thousand in the third quarter 2025 due to lower customer swap volume. Non-interest expenses decreased $1.4 million to $31.4 million in the third quarter 2026 compared to $32.7 million in the third quarter 2025. The decrease was due to acquisition expenses in the prior year. Salaries and employee benefit costs increased 3% to $16.4 million in the third quarter 2026 compared to $15.9 million in the third quarter 2025 driven by cost-of-living adjustments and increased full-time equivalents year-over-year. Occupancy and equipment increased $319 thousand driven primarily by higher operating costs due to the Woodsville acquisition. Amortization of intangible assets increased $116 thousand, reflecting incremental amortization associated with the Woodsville acquisition. Other expenses increased $1.2 million for the third quarter 2026 compared to the third quarter 2025 primarily due the aforementioned $1.0 million write-down on other real estate owned. Income tax expense was $4.3 million for the third quarter 2026 compared to $2.2 million for the third quarter of 2025. Our GAAP effective tax rate for the third quarter 2026 was 21.0% compared to 19.8% in the third quarter 2025. BACKGROUND Bar Harbor Bankshares (NYSE American:BHB) is the parent company of its wholly-owned subsidiary, Bar Harbor Bank & Trust. Founded in 1887, Bar Harbor Bank & Trust is a true community bank serving the financial needs of its clients for over 135 years. Bar Harbor Bank & Trust provides full-service community banking with office locations in all three Northern New England states of Maine, New Hampshire and Vermont. For more information, visit www.barharbor.bank. FORWARD-LOOKING STATEMENTS All statements, other than statements of historical fact, included in this release that address activities, events, or developments that the Company expects, believes, or anticipates will or may occur in the future are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. When used in this release the words "believe," "anticipate," "expect," "may," "will," "assume," "should," "predict," "could," "would," "intend," "targets," "estimates," "projects," "plans," and "potential," and other similar words and expressions of the future, are intended to identify such forward-looking statements, but other statements not based on historical information may also be considered forward-looking, including statements relating to Company's balance sheet management, our credit trends, our overall credit performance, and the Company's strategic plans, objectives, and intentions. All forward-looking statements are subject to risks, uncertainties, and other factors that may cause the actual results, performance, or achievements of the Company to differ materially from any results, performance, or achievements expressed or implied by such forward-looking statements. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause the actual results to differ materially from the statements, including, but not limited to: (1) changes in interest rates and the cost of deposits; (2) changes in general business and economic conditions on a national basis and in our markets throughout Northern New England; (3) changes in consumer behavior due to political, business, and economic conditions, including ongoing armed conflicts, inflation, future United States government shutdowns, and concerns about liquidity; (4) the possibility that our asset quality could decline or that we experience greater loan losses than anticipated; (5) the impact of liquidity needs on our results of operations and financial condition; (6) changes in the size and nature of our competition; (7) unanticipated weakness in loan demand, pricing, or collectability; (8) the possibility that future credit losses are higher than currently expected due to changes in economic assumptions or adverse economic developments; (9) operational risks including, but not limited to, changes in information technology, cybersecurity incidents, fraud, natural disasters, climate change, war, terrorism, civil unrest, and future pandemics; (10) lack of strategic growth opportunities or our failure to execute on available opportunities, (11) our ability to effectively manage problem credits; (12) our ability to successfully develop new products and implement efficiency initiatives on time and with the results projected; (13) our ability to retain executive officers and key employees and their customer and community relationships; (14) regulatory, litigation, and reputational risks and the applicability of insurance coverage; (15) changes in the reliability of our vendors, internal control systems, or information systems; (16) changes in legislation or regulation and accounting principles, policies, and guidelines; (17) reductions in the market value or outflows of wealth management assets under management; (18) the impacts of tariffs, sanctions, and other trade policies of the United States and its global trading counterparts; and (19) changes in the assumptions used in making such forward-looking statements. Additional factors which could affect the forward-looking statements can be found in the Company's annual report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K filed with the Securities and Exchange Commission (the "SEC") and available on the SEC's website at http://www.sec.gov. The Company believes the forward-looking statements contained herein are reasonable; however, many of such risks, uncertainties, and other factors are beyond the Company's ability to control or predict and undue reliance should not be placed on any forward-looking statements, which are based on current expectations and speak only as of the date that they are made. Therefore, the Company can give no assurance that its future results will be as estimated. The Company does not intend to, and disclaims any obligation to, update or revise any forward-looking statement. NON-GAAP FINANCIAL MEASURES This document contains certain non-GAAP financial measures in addition to results presented in accordance with accounting principles generally accepted in the United States of America ("GAAP"). These non-GAAP measures are intended to provide the reader with additional supplemental perspectives on operating results, performance trends, and financial condition. Non-GAAP financial measures are not a substitute for GAAP measures; they should be read and used in conjunction with the Company's GAAP financial information. Because non-GAAP financial measures presented in this document are not measurements determined in accordance with GAAP and are susceptible to varying calculations, these non-GAAP financial measures, as presented, may not be comparable to other similarly titled measures presented by other companies. A reconciliation of non-GAAP financial measures to GAAP measures is provided below. In all cases, it should be understood that non-GAAP measures do not depict amounts that accrue directly to the benefit of shareholders. An item which management excludes when computing non-GAAP core earnings can be of substantial importance to the Company's results for any particular quarter or year. Each non-GAAP measure used by the Company in this report as supplemental financial data should be considered in conjunction with the Company's GAAP financial information. The Company utilizes the non-GAAP measure of core earnings in evaluating operating trends, including components for core revenue and expense. These measures exclude amounts which the Company views as unrelated to its normalized operations, including gains/losses on securities, premises, equipment and other real estate owned, acquisition costs, restructuring costs, legal settlements, and systems conversion costs. Non-GAAP adjustments are presented net of an adjustment for income tax expense. The Company also calculates core earnings per share based on its measure of core earnings. The Company views these amounts as important to understanding its operating trends, particularly due to the impact of accounting standards related to acquisition activity. Analysts also rely on these measures in estimating and evaluating the Company's performance. Management also believes that the computation of non-GAAP core earnings and core earnings per share may facilitate the comparison of the Company to other companies in the financial services industry. The Company also adjusts certain equity related measures to exclude intangible assets due to the importance of these measures to the investment community. ### CONTACTS Josephine Iannelli; EVP, Chief Financial Officer & Treasurer; (207) 288-3314 | TABLE | INDEX | CONSOLIDATED FINANCIAL SCHEDULES (UNAUDITED) | | A | Selected Financial Highlights B | Balance Sheets C | Loan and Deposit Analysis D | Statements of Income E | Statements of Income (Five Quarter Trend) F | Average Yields and Costs G | Average Balances H | Asset Quality Analysis I-J | Reconciliation of Non-GAAP Financial Measures (Five Quarter Trend) and Supplementary Data BAR HARBOR BANKSHARES SELECTED FINANCIAL HIGHLIGHTS - UNAUDITED | | At or for the Quarters Ended | | | Sep 30, | | | Jun 30, | | | Mar 31, | | | Dec 31, | | | Sept 30, | | | 2026 | | | 2026 | | | 2026 | | | 2025 | | | 2025 | PER SHARE DATA | | | | | | | | | | | | | | | Net earnings, diluted | | $ | 0.96 | | | $ | 0.91 | | | $ | 0.81 | | | $ | 0.70 | | | $ | 0.54 | Core earnings, diluted (1) | | | 1.04 | | | | 0.92 | | | | 0.88 | | | | 0.93 | | | | 0.95 | Total book value | | | 31.95 | | | | 32.80 | | | | 32.13 | | | | 31.88 | | | | 31.22 | Tangible book value (1) | | | 22.61 | | | | 23.43 | | | | 22.71 | | | | 22.41 | | | | 21.70 | Market price at period end | | | 38.69 | | | | 37.76 | | | | 32.45 | | | | 31.05 | | | | 30.46 | Dividends | | | 0.34 | | | | 0.34 | | | | 0.32 | | | | 0.32 | | | | 0.32 | | | | | | | | | | | | | | | | | | | | | PERFORMANCE RATIOS (2) | | | | | | | | | | | | | | | | | | | | Return on assets | | | 1.35 | % | | | 1.31 | % | | | 1.18 | % | | | 1.00 | % | | | 0.78 | % Core return on assets (1) | | | 1.47 | | | | 1.33 | | | | 1.28 | | | | 1.32 | | | | 1.35 | Pre-tax, pre-provision return on assets (1) | | | 1.69 | | | | 1.76 | | | | 1.52 | | | | 1.29 | | | | 1.30 | Core pre-tax, pre-provision return on assets (1) | | | 1.85 | | | | 1.79 | | | | 1.65 | | | | 1.71 | | | | 1.71 | Return on equity | | | 11.69 | | | | 11.16 | | | | 10.13 | | | | 8.76 | | | | 6.99 | Core return on equity (1) | | | 12.70 | | | | 11.30 | | | | 11.03 | | | | 11.55 | | | | 12.16 | Return on tangible equity (1) | | | 16.84 | | | | 16.11 | | | | 14.77 | | | | 12.94 | | | | 10.07 | Core return on tangible equity (1) | | | 18.27 | | | | 16.31 | | | | 16.03 | | | | 16.91 | | | | 17.23 | Net interest margin, fully taxable equivalent (1) (3) | | | 3.77 | | | | 3.61 | | | | 3.54 | | | | 3.62 | | | | 3.56 | Efficiency ratio (1) | | | 55.26 | | | | 55.76 | | | | 56.92 | | | | 57.24 | | | | 56.70 | | | | | | | | | | | | | | | | | | | | | FINANCIAL DATA (In millions) | | | | | | | | | | | | | | | | | | | | Total assets | | $ | 4,704 | | | $ | 4,743 | | | $ | 4,676 | | | $ | 4,684 | | | $ | 4,717 | Total earning assets (4) | | | 4,324 | | | | 4,343 | | | | 4,297 | | | | 4,297 | | | | 4,336 | Total available-for-sale debt securities | | | 581 | | | | 602 | | | | 598 | | | | 597 | | | | 598 | Total loans | | | 3,614 | | | | 3,614 | | | | 3,585 | | | | 3,606 | | | | 3,584 | Allowance for credit losses | | | 32 | | | | 32 | | | | 34 | | | | 34 | | | | 34 | Total goodwill and intangible assets | | | 156 | | | | 157 | | | | 158 | | | | 158 | | | | 159 | Total deposits | | | 3,938 | | | | 3,854 | | | | 3,868 | | | | 3,821 | | | | 3,948 | Total shareholders' equity | | | 536 | | | | 550 | | | | 538 | | | | 533 | | | | 521 | Net income | | | 16 | | | | 15 | | | | 14 | | | | 12 | | | | 9 | Core earnings (1) | | | 17 | | | | 15 | | | | 15 | | | | 16 | | | | 15 | | | | | | | | | | | | | | | | | | | | | ASSET QUALITY AND CONDITION RATIOS | | | | | | | | | | | | | | | | | | | | Net charge-offs (recoveries)(5)/average loans | | | 0.03 | % | | | 0.37 | % | | | - | % | | | 0.03 | % | | | 0.04 | % Allowance for credit losses on loans/total loans | | | 0.88 | | | | 0.89 | | | | 0.96 | | | | 0.94 | | | | 0.95 | Loans/deposits | | | 92 | | | | 94 | | | | 93 | | | | 94 | | | | 91 | Shareholders' equity to total assets | | | 11.39 | | | | 11.59 | | | | 11.50 | | | | 11.37 | | | | 11.04 | Tangible shareholders' equity to tangible assets | | | 8.34 | | | | 8.56 | | | | 8.42 | | | | 8.27 | | | | 7.94 | _________________________________________ - Non-GAAP financial measure. Refer to the Reconciliation of Non-GAAP Financial Measures in tables I-J for additional information. - All performance ratios are based on average balance sheet amounts, where applicable. - Fully taxable equivalent considers the impact of tax-advantaged investment securities and loans. - Earning assets includes non-accruing loans and interest-bearing deposits with other banks. Securities are valued at amortized cost. - Current quarter annualized. BAR HARBOR BANKSHARES CONSOLIDATED BALANCE SHEETS - UNAUDITED | | Sep 30, | | | Jun 30, | | | Mar 31, | | | Dec 31, | | | Sept 30, | (in thousands) | | 2026 | | | 2026 | | | 2026 | | | 2025 | | | 2025 | Assets | | | | | | | | | | | | | | | Cash and due from banks | | $ | 37,039 | | | $ | 46,270 | | | $ | 35,595 | | | $ | 44,947 | | | $ | 42,743 | Interest-earning deposits with other banks | | | 37,778 | | | | 58,118 | | | | 46,620 | | | | 35,890 | | | | 93,971 | Total cash and cash equivalents | | | 74,817 | | | | 104,388 | | | | 82,215 | | | | 80,837 | | | | 136,714 | | | | | | | | | | | | | | | | | | | | | Available-for-sale debt securities | | | 581,297 | | | | 601,772 | | | | 597,977 | | | | 597,424 | | | | 597,810 | | | | | | | | | | | | | | | | | | | | | Federal Home Loan Bank stock | | | 7,968 | | | | 13,423 | | | | 9,567 | | | | 11,308 | | | | 8,560 | | | | | | | | | | | | | | | | | | | | | Loans held for sale | | | 10,740 | | | | 10,203 | | | | 11,534 | | | | 5,283 | | | | 5,545 | | | | | | | | | | | | | | | | | | | | | Total loans | | | 3,613,632 | | | | 3,614,180 | | | | 3,585,248 | | | | 3,605,859 | | | | 3,583,716 | Less: Allowance for credit losses on loans | | | (31,761 | ) | | | (32,231 | ) | | | (34,315 | ) | | | (34,052 | ) | | | (33,940 | ) Net loans | | | 3,581,871 | | | | 3,581,949 | | | | 3,550,933 | | | | 3,571,807 | | | | 3,549,776 | | | | | | | | | | | | | | | | | | | | | Premises and equipment, net | | | 61,407 | | | | 61,170 | | | | 58,914 | | | | 58,188 | | | | 58,828 | Other real estate owned | | | 7,146 | | | | 8,170 | | | | - | | | | - | | | | - | Goodwill | | | 141,819 | | | | 141,819 | | | | 141,819 | | | | 141,819 | | | | 141,819 | Other intangible assets | | | 14,659 | | | | 15,242 | | | | 15,824 | | | | 16,407 | | | | 16,989 | Cash surrender value of bank-owned life insurance | | | 89,420 | | | | 88,728 | | | | 89,817 | | | | 96,250 | | | | 95,554 | Deferred tax asset, net | | | 36,892 | | | | 28,859 | | | | 30,298 | | | | 29,926 | | | | 31,721 | Other assets | | | 95,828 | | | | 86,779 | | | | 87,330 | | | | 74,642 | | | | 73,936 | Total assets | | $ | 4,703,864 | | | $ | 4,742,502 | | | $ | 4,676,228 | | | $ | 4,683,891 | | | $ | 4,717,252 | | | | | | | | | | | | | | | | | | | | | Liabilities and shareholders' equity | | | | | | | | | | | | | | | | | | | | Non-interest bearing demand | | $ | 702,668 | | | $ | 678,081 | | | $ | 651,282 | | | $ | 670,786 | | | $ | 692,780 | Interest-bearing demand | | | 1,248,282 | | | | 1,141,043 | | | | 1,152,888 | | | | 1,137,730 | | | | 1,137,362 | Savings | | | 642,937 | | | | 635,316 | | | | 649,302 | | | | 635,329 | | | | 647,428 | Money market | | | 489,193 | | | | 481,815 | | | | 493,432 | | | | 464,843 | | | | 488,633 | Time | | | 854,869 | | | | 917,694 | | | | 920,811 | | | | 912,594 | | | | 981,993 | Total deposits | | | 3,937,949 | | | | 3,853,949 | | | | 3,867,715 | | | | 3,821,282 | | | | 3,948,196 | | | | | | | | | | | | | | | | | | | | | Senior borrowings | | | 123,798 | | | | 227,541 | | | | 162,297 | | | | 216,818 | | | | 139,956 | Subordinated borrowings | | | 33,620 | | | | 53,620 | | | | 53,420 | | | | 52,825 | | | | 52,229 | Total borrowings | | | 157,418 | | | | 281,161 | | | | 215,717 | | | | 269,643 | | | | 192,185 | | | | | | | | | | | | | | | | | | | | | Other liabilities | | | 72,888 | | | | 57,840 | | | | 54,859 | | | | 60,425 | | | | 55,916 | Total liabilities | | | 4,168,255 | | | | 4,192,950 | | | | 4,138,291 | | | | 4,151,350 | | | | 4,196,297 | | | | | | | | | | | | | | | | | | | | | Total shareholders' equity | | | 535,609 | | | | 549,552 | | | | 537,937 | | | | 532,541 | | | | 520,955 | Total liabilities and shareholders' equity | | $ | 4,703,864 | | | $ | 4,742,502 | | | $ | 4,676,228 | | | $ | 4,683,891 | | | $ | 4,717,252 | | | | | | | | | | | | | | | | | | | | | Net shares outstanding | | | 16,766 | | | | 16,754 | | | | 16,742 | | | | 16,702 | | | | 16,689 | BAR HARBOR BANKSHARES CONSOLIDATED LOAN & DEPOSIT ANALYSIS - UNAUDITED LOAN ANALYSIS | | | | | | | | | | | | Annualized | | | | | | | | | | | | | Growth % | | | Sep 30, | | Jun 30, | | Mar 31, | | Dec 31, | | Sept 30, | | Quarter | | Year | (in thousands) | | 2026 | | 2026 | | 2026 | | 2025 | | 2025 | | to Date | | to Date | Commercial real estate | | $ | 2,010,609 | | $ | 1,988,695 | | $ | 1,968,403 | | $ | 1,998,603 | | $ | 1,942,659 | | | 4 | | | 1 | % Commercial and industrial | | | 411,766 | | | 433,371 | | | 417,657 | | | 393,851 | | | 405,759 | | | (20 | ) | | 6 | Total commercial loans | | | 2,422,375 | | | 2,422,066 | | | 2,386,060 | | | 2,392,454 | | | 2,348,418 | | | - | | | 2 | | | | | | | | | | | | | | | | | | | | | | | Residential real estate | | | 973,648 | | | 983,274 | | | 993,636 | | | 1,001,769 | | | 1,025,266 | | | (4 | ) | | (4 | ) Consumer | | | 135,243 | | | 132,570 | | | 127,681 | | | 128,029 | | | 126,345 | | | 8 | | | 8 | Tax exempt and other | | | 82,366 | | | 76,270 | | | 77,871 | | | 83,607 | | | 83,687 | | | 32 | | | (2 | ) Total loans | | $ | 3,613,632 | | $ | 3,614,180 | | $ | 3,585,248 | | $ | 3,605,859 | | $ | 3,583,716 | | | - | % | | - | % DEPOSIT ANALYSIS | | | | | | | | | | | | Annualized | | | | | | | | | | | | | Growth % | | | Sep 30, | | Jun 30, | | Mar 31, | | Dec 31, | | Sept 30, | | Quarter | | Year | (in thousands) | | 2026 | | 2026 | | 2026 | | 2025 | | 2025 | | to Date | | to Date | Non-interest bearing demand | | $ | 702,668 | | $ | 678,081 | | $ | 651,282 | | $ | 670,786 | | $ | 692,780 | | | 15 | % | | 6 | % Interest-bearing demand | | | 1,248,282 | | | 1,141,043 | | | 1,152,888 | | | 1,137,730 | | | 1,137,362 | | | 38 | | | 13 | Savings | | | 642,937 | | | 635,316 | | | 649,302 | | | 635,329 | | | 647,428 | | | 5 | | | 2 | Money market | | | 489,193 | | | 481,815 | | | 493,432 | | | 464,843 | | | 488,633 | | | 6 | | | 7 | Total non-maturity deposits | | | 3,083,080 | | | 2,936,255 | | | 2,946,904 | | | 2,908,688 | | | 2,966,203 | | | 20 | | | 8 | Time | | | 854,869 | | | 917,694 | | | 920,811 | | | 912,594 | | | 981,993 | | | (27 | ) | | (8 | ) Total deposits | | $ | 3,937,949 | | $ | 3,853,949 | | $ | 3,867,715 | | $ | 3,821,282 | | $ | 3,948,196 | | | 9 | % | | 4 | % BAR HARBOR BANKSHARES CONSOLIDATED STATEMENTS OF INCOME - UNAUDITED | | Three Months Ended | | | Nine Months Ended | | | September 30, | | | September 30, | (in thousands, except per share data) | | 2026 | | | 2025 | | | 2026 | | | 2025 | Interest and dividend income | | | | | | | | | | | | Loans | | $ | 51,111 | | | $ | 48,426 | | | $ | 148,920 | | | $ | 132,956 | Securities and other | | | 6,527 | | | | 6,355 | | | | 19,050 | | | | 17,112 | Federal Home Loan Bank stock | | | 193 | | | | 217 | | | | 531 | | | | 566 | Interest-earning deposits with other banks | | | 561 | | | | 924 | | | | 1,047 | | | | 1,514 | Total interest and dividend income | | | 58,392 | | | | 55,922 | | | | 169,548 | | | | 152,148 | Interest expense | | | | | | | | | | | | | | | | Deposits | | | 15,103 | | | | 16,419 | | | | 44,630 | | | | 47,442 | Borrowings | | | 2,578 | | | | 2,544 | | | | 9,416 | | | | 8,845 | Total interest expense | | | 17,681 | | | | 18,963 | | | | 54,046 | | | | 56,287 | Net interest income | | | 40,711 | | | | 36,959 | | | | 115,502 | | | | 95,861 | Provision for credit losses on available-for-sale debt securities | | | - | | | | - | | | | - | | | | 636 | Provision (benefit) for credit losses on loans | | | (167 | ) | | | 3,749 | | | | 1,388 | | | | 4,220 | Net interest income after provision for credit losses | | | 40,878 | | | | 33,210 | | | | 114,114 | | | | 91,005 | Non-interest income | | | | | | | | | | | | | | | | Trust and investment management fee income | | | 4,186 | | | | 3,903 | | | | 12,878 | | | | 12,082 | Customer service fees | | | 4,566 | | | | 4,311 | | | | 13,383 | | | | 11,425 | (Loss) gain on available-for-sale debt securities, net | | | 69 | | | | 41 | | | | (964 | ) | | | (4,901 | ) Mortgage banking income | | | 766 | | | | 423 | | | | 2,189 | | | | 1,484 | Bank-owned life insurance income | | | 693 | | | | 665 | | | | 4,097 | | | | 1,881 | Customer derivative income | | | 484 | | | | 962 | | | | 889 | | | | 1,278 | Other income | | | 83 | | | | 262 | | | | 521 | | | | 882 | Total non-interest income | | | 10,847 | | | | 10,567 | | | | 32,993 | | | | 24,131 | Non-interest expense | | | | | | | | | | | | | | | | Salaries and employee benefits | | | 16,393 | | | | 15,939 | | | | 48,999 | | | | 43,946 | Occupancy and equipment | | | 4,198 | | | | 3,879 | | | | 12,526 | | | | 10,750 | Depreciation | | | 1,194 | | | | 1,078 | | | | 3,416 | | | | 3,150 | Loss (gain) on premises and equipment, net | | | 47 | | | | (206 | ) | | | 181 | | | | (113 | ) Outside services | | | 762 | | | | 514 | | | | 1,754 | | | | 1,453 | Professional services | | | 503 | | | | 296 | | | | 1,240 | | | | 1,402 | Communication | | | 207 | | | | 246 | | | | 666 | | | | 606 | Marketing | | | 705 | | | | 655 | | | | 1,880 | | | | 1,855 | Amortization of intangible assets | | | 582 | | | | 466 | | | | 1,746 | | | | 932 | FDIC assessment | | | 528 | | | | 462 | | | | 1,642 | | | | 1,382 | Acquisition, conversion and other expenses | | | 610 | | | | 4,978 | | | | 2,029 | | | | 6,422 | Provision for unfunded commitments | | | 180 | | | | 145 | | | | (696 | ) | | | 71 | Other expenses | | | 5,458 | | | | 4,287 | | | | 14,993 | | | | 12,072 | Total non-interest expense | | | 31,367 | | | | 32,739 | | | | 90,376 | | | | 83,928 | Income before income taxes | | | 20,358 | | | | 11,038 | | | | 56,731 | | | | 31,208 | Income tax expense | | | 4,269 | | | | 2,183 | | | | 11,884 | | | | 6,050 | Net income | | $ | 16,089 | | | $ | 8,855 | | | $ | 44,847 | | | $ | 25,158 | Earnings per share: | | | | | | | | | | | | | | | | Basic | | $ | 0.96 | | | $ | 0.55 | | | $ | 2.68 | | | $ | 1.61 | Diluted | | | 0.96 | | | | 0.54 | | | | 2.67 | | | | 1.60 | Weighted average shares outstanding: | | | | | | | | | | | | | | | | Basic | | | 16,765 | | | | 16,231 | | | | 16,748 | | | | 15,622 | Diluted | | | 16,828 | | | | 16,284 | | | | 16,814 | | | | 15,685 | BAR HARBOR BANKSHARES CONSOLIDATED STATEMENTS OF INCOME (5 Quarter Trend) - UNAUDITED | | Sep 30, | | | Jun 30, | | | Mar 31, | | | Dec 31, | | | Sept 30, | (in thousands, except per share data) | | 2026 | | | 2026 | | | 2026 | | | 2025 | | | 2025 | Interest and dividend income | | | | | | | | | | | | | | | Loans | | $ | 51,111 | | | $ | 49,151 | | | $ | 48,658 | | | $ | 50,164 | | | $ | 48,426 | Securities and other | | | 6,527 | | | | 6,319 | | | | 6,204 | | | | 6,327 | | | | 6,355 | Federal Home Loan Bank stock | | | 193 | | | | 183 | | | | 155 | | | | 235 | | | | 217 | Interest-earning deposits with other banks | | | 561 | | | | 253 | | | | 233 | | | | 645 | | | | 924 | Total interest and dividend income | | | 58,392 | | | | 55,906 | | | | 55,250 | | | | 57,371 | | | | 55,922 | Interest expense | | | | | | | | | | | | | | | | | | | | Deposits | | | 15,103 | | | | 14,638 | | | | 14,889 | | | | 16,083 | | | | 16,419 | Borrowings | | | 2,578 | | | | 3,349 | | | | 3,489 | | | | 2,671 | | | | 2,544 | Total interest expense | | | 17,681 | | | | 17,987 | | | | 18,378 | | | | 18,754 | | | | 18,963 | Net interest income | | | 40,711 | | | | 37,919 | | | | 36,872 | | | | 38,617 | | | | 36,959 | Provision for credit losses on available-for-sale debt securities | | | - | | | | - | | | | - | | | | - | | | | - | Provision (benefit) for credit losses on loans | | | (167 | ) | | | 1,250 | | | | 305 | | | | 416 | | | | 3,749 | Net interest income after provision for credit losses | | | 40,878 | | | | 36,669 | | | | 36,567 | | | | 38,201 | | | | 33,210 | Non-interest income | | | | | | | | | | | | | | | | | | | | Trust and investment management fee income | | | 4,186 | | | | 4,577 | | | | 4,115 | | | | 3,984 | | | | 3,903 | Customer service fees | | | 4,566 | | | | 4,715 | | | | 4,102 | | | | 4,528 | | | | 4,311 | (Loss) gain on available-for-sale debt securities, net | | | 69 | | | | (25 | ) | | | (1,008 | ) | | | (428 | ) | | | 41 | Mortgage banking income | | | 766 | | | | 741 | | | | 682 | | | | 485 | | | | 423 | Bank-owned life insurance income | | | 693 | | | | 1,417 | | | | 1,987 | | | | 695 | | | | 665 | Customer derivative income | | | 484 | | | | 76 | | | | 329 | | | | 735 | | | | 962 | Other income | | | 83 | | | | 231 | | | | 207 | | | | 326 | | | | 262 | Total non-interest income | | | 10,847 | | | | 11,732 | | | | 10,414 | | | | 10,325 | | | | 10,567 | Non-interest expense | | | | | | | | | | | | | | | | | | | | Salaries and employee benefits | | | 16,393 | | | | 16,833 | | | | 15,773 | | | | 16,588 | | | | 15,939 | Occupancy and equipment | | | 4,198 | | | | 4,292 | | | | 4,036 | | | | 3,780 | | | | 3,879 | Depreciation | | | 1,194 | | | | 1,088 | | | | 1,134 | | | | 1,153 | | | | 1,078 | Loss (gain) on premises and equipment, net | | | 47 | | | | - | | | | 134 | | | | 370 | | | | (206 | ) Outside services | | | 762 | | | | 528 | | | | 464 | | | | 564 | | | | 514 | Professional services | | | 503 | | | | 388 | | | | 349 | | | | 407 | | | | 296 | Communication | | | 207 | | | | 211 | | | | 248 | | | | 271 | | | | 246 | Marketing | | | 705 | | | | 570 | | | | 605 | | | | 181 | | | | 655 | Amortization of intangible assets | | | 582 | | | | 582 | | | | 582 | | | | 582 | | | | 466 | FDIC assessment | | | 528 | | | | 537 | | | | 577 | | | | 539 | | | | 462 | Acquisition, conversion and other expenses | | | 610 | | | | (36 | ) | | | 1,455 | | | | 4,170 | | | | 4,978 | Provision for unfunded commitments | | | 180 | | | | (650 | ) | | | (226 | ) | | | 725 | | | | 145 | Other expenses | | | 5,458 | | | | 4,839 | | | | 4,696 | | | | 4,469 | | | | 4,287 | Total non-interest expense | | | 31,367 | | | | 29,182 | | | | 29,827 | | | | 33,799 | | | | 32,739 | Income before income taxes | | | 20,358 | | | | 19,219 | | | | 17,154 | | | | 14,727 | | | | 11,038 | Income tax expense | | | 4,269 | | | | 3,998 | | | | 3,617 | | | | 2,966 | | | | 2,183 | Net income | | $ | 16,089 | | | $ | 15,221 | | | $ | 13,537 | | | $ | 11,761 | | | $ | 8,855 | Earnings per share: | | | | | | | | | | | | | | | | | | | | Basic | | $ | 0.96 | | | $ | 0.91 | | | $ | 0.81 | | | $ | 0.70 | | | $ | 0.55 | Diluted | | | 0.96 | | | | 0.91 | | | | 0.81 | | | | 0.70 | | | | 0.54 | Weighted average shares outstanding: | | | | | | | | | | | | | | | | | | | | Basic | | | 16,765 | | | | 16,751 | | | | 16,728 | | | | 16,696 | | | | 16,231 | Diluted | | | 16,828 | | | | 16,808 | | | | 16,804 | | | | 16,757 | | | | 16,284 | BAR HARBOR BANKSHARES AVERAGE YIELDS AND COSTS (Fully Taxable Equivalent (Non-GAAP) - Annualized) - UNAUDITED | | Quarters Ended | | | Sep 30, | | | Jun 30, | | | Mar 31, | | | Dec 31, | | | Sept 30, | | | 2026 | | | 2026 | | | 2026 | | | 2025 | | | 2025 | Earning assets | | | | | | | | | | | | | | | Interest-earning deposits with other banks | | | 3.82 | % | | | 3.92 | % | | | 3.90 | % | | | 4.53 | % | | | 4.49 | % Available-for-sale debt securities | | | 4.10 | | | | 4.06 | | | | 4.05 | | | | 4.03 | | | | 4.14 | Federal Home Loan Bank stock | | | 7.96 | | | | 6.33 | | | | 5.68 | | | | 10.72 | | | | 7.71 | Loans: | | | | | | | | | | | | | | | | | | | | Commercial real estate | | | 5.82 | | | | 5.72 | | | | 5.68 | | | | 5.74 | | | | 5.88 | Commercial and industrial | | | 6.11 | | | | 6.17 | | | | 6.13 | | | | 6.34 | | | | 6.45 | Residential real estate | | | 4.81 | | | | 4.62 | | | | 4.64 | | | | 4.75 | | | | 4.42 | Consumer | | | 7.28 | | | | 7.05 | | | | 6.90 | | | | 7.27 | | | | 7.23 | Total loans | | | 5.64 | | | | 5.52 | | | | 5.50 | | | | 5.59 | | | | 5.60 | Total earning assets | | | 5.39 | % | | | 5.29 | % | | | 5.27 | % | | | 5.36 | % | | | 5.36 | % | | | | | | | | | | | | | | | | | | | | Funding liabilities | | | | | | | | | | | | | | | | | | | | Deposits: | | | | | | | | | | | | | | | | | | | | Interest-bearing demand | | | 1.36 | % | | | 1.32 | % | | | 1.30 | % | | | 1.39 | % | | | 1.42 | % Savings | | | 0.52 | | | | 0.50 | | | | 0.56 | | | | 0.54 | | | | 0.64 | Money market | | | 2.37 | | | | 2.33 | | | | 2.28 | | | | 2.43 | | | | 2.59 | Time | | | 3.27 | | | | 3.32 | | | | 3.41 | | | | 3.53 | | | | 3.64 | Total interest-bearing deposits | | | 1.87 | | | | 1.88 | | | | 1.91 | | | | 2.01 | | | | 2.12 | Borrowings | | | 4.98 | | | | 5.05 | | | | 5.62 | | | | 5.43 | | | | 4.04 | Total interest-bearing liabilities | | | 2.05 | % | | | 2.13 | % | | | 2.19 | % | | | 2.20 | % | | | 2.27 | % | | | | | | | | | | | | | | | | | | | | Net interest spread | | | 3.34 | | | | 3.16 | | | | 3.08 | | | | 3.16 | | | | 3.09 | Net interest margin, fully taxable equivalent(1) | | | 3.77 | | | | 3.61 | | | | 3.54 | | | | 3.62 | | | | 3.56 | - Non-GAAP financial measure. Refer to the Reconciliation of Non-GAAP Financial Measures in tables I-J for additional information. BAR HARBOR BANKSHARES AVERAGE BALANCES - UNAUDITED | | Quarters Ended | | | Sep 30, | | | Jun 30, | | | Mar 31, | | | Dec 31, | | | Sept 30, | (in thousands) | | 2026 | | | 2026 | | | 2026 | | | 2025 | | | 2025 | Assets | | | | | | | | | | | | | | | Interest-earning deposits with other banks (1) | | $ | 58,265 | | | $ | 25,896 | | | $ | 24,230 | | | $ | 56,502 | | | $ | 81,709 | Available-for-sale debt securities (2) | | | 654,636 | | | | 647,755 | | | | 643,647 | | | | 644,929 | | | | 631,572 | Federal Home Loan Bank stock | | | 9,619 | | | | 11,592 | | | | 11,062 | | | | 8,696 | | | | 11,168 | Loans: | | | | | | | | | | | | | | | | | | | | Commercial real estate | | | 1,990,307 | | | | 1,975,080 | | | | 2,001,851 | | | | 1,954,841 | | | | 1,887,267 | Commercial and industrial | | | 504,422 | | | | 492,195 | | | | 486,295 | | | | 480,529 | | | | 483,380 | Residential real estate | | | 991,993 | | | | 993,933 | | | | 998,862 | | | | 1,021,309 | | | | 963,311 | Consumer | | | 133,538 | | | | 130,890 | | | | 127,693 | | | | 126,953 | | | | 120,941 | Total loans (3) | | | 3,620,260 | | | | 3,592,098 | | | | 3,614,701 | | | | 3,583,632 | | | | 3,454,899 | Total earning assets | | | 4,342,780 | | | | 4,277,341 | | | | 4,293,640 | | | | 4,293,759 | | | | 4,179,348 | Cash and due from banks | | | 39,817 | | | | 37,089 | | | | 36,278 | | | | 40,291 | | | | 38,709 | Allowance for credit losses | | | (32,194 | ) | | | (33,242 | ) | | | (34,195 | ) | | | (33,905 | ) | | | (31,246 | ) Goodwill and other intangible assets | | | 156,762 | | | | 157,345 | | | | 157,921 | | | | 158,507 | | | | 139,822 | Other assets | | | 223,750 | | | | 215,460 | | | | 215,852 | | | | 211,317 | | | | 191,446 | Total assets | | $ | 4,730,915 | | | $ | 4,653,993 | | | $ | 4,669,496 | | | $ | 4,669,969 | | | $ | 4,518,079 | | | | | | | | | | | | | | | | | | | | | Liabilities and shareholders' equity | | | | | | | | | | | | | | | | | | | | Deposits: | | | | | | | | | | | | | | | | | | | | Interest-bearing demand | | $ | 1,215,024 | | | $ | 1,119,195 | | | $ | 1,121,021 | | | $ | 1,127,456 | | | $ | 1,059,214 | Savings | | | 640,517 | | | | 640,852 | | | | 642,717 | | | | 640,577 | | | | 617,314 | Money market | | | 473,298 | | | | 463,296 | | | | 469,496 | | | | 473,574 | | | | 432,952 | Time | | | 883,465 | | | | 902,363 | | | | 922,180 | | | | 939,353 | | | | 961,054 | Total interest-bearing deposits | | | 3,212,304 | | | | 3,125,706 | | | | 3,155,414 | | | | 3,180,960 | | | | 3,070,534 | Borrowings | | | 205,558 | | | | 265,929 | | | | 251,985 | | | | 195,139 | | | | 250,110 | Total interest-bearing liabilities | | | 3,417,862 | | | | 3,391,635 | | | | 3,407,399 | | | | 3,376,099 | | | | 3,320,644 | Non-interest bearing demand deposits | | | 696,843 | | | | 657,470 | | | | 659,506 | | | | 705,245 | | | | 647,981 | Other liabilities | | | 70,114 | | | | 57,702 | | | | 60,814 | | | | 56,025 | | | | 46,962 | Total liabilities | | | 4,184,819 | | | | 4,106,807 | | | | 4,127,719 | | | | 4,137,369 | | | | 4,015,587 | Total shareholders' equity | | | 546,096 | | | | 547,186 | | | | 541,777 | | | | 532,600 | | | | 502,492 | Total liabilities and shareholders' equity | | $ | 4,730,915 | | | $ | 4,653,993 | | | $ | 4,669,496 | | | $ | 4,669,969 | | | $ | 4,518,079 | _____________________________________ - Total average interest-bearing deposits with other banks is net of Federal Reserve daily cash letter. - Average balances for available-for-sale debt securities are based on amortized cost. - Total average loans include non-accruing loans and loans held for sale. BAR HARBOR BANKSHARES ASSET QUALITY ANALYSIS - UNAUDITED | | At or for the Quarters Ended | | | Sep 30, | | | Jun 30, | | | Mar 31, | | | Dec 31, | | | Sept 30, | (in thousands) | | 2026 | | | 2026 | | | 2026 | | | 2025 | | | 2025 | NON-PERFORMING ASSETS | | | | | | | | | | | | | | | Non-accruing loans: | | | | | | | | | | | | | | | Commercial real estate | | $ | 1,034 | | | $ | 902 | | | $ | 12,620 | | | $ | 1,497 | | | $ | 697 | Commercial and industrial | | | 817 | | | | 1,003 | | | | 1,139 | | | | 1,113 | | | | 1,221 | Residential real estate | | | 8,266 | | | | 8,314 | | | | 8,206 | | | | 7,719 | | | | 6,541 | Consumer | | | 1,114 | | | | 1,199 | | | | 1,176 | | | | 1,265 | | | | 1,051 | Total non-accruing loans | | | 11,231 | | | | 11,418 | | | | 23,141 | | | | 11,594 | | | | 9,510 | Non-performing available-for-sale debt securities | | | 1,329 | | | | 1,329 | | | | 1,329 | | | | 2,203 | | | | 2,203 | Other real estate owned | | | 7,146 | | | | 8,170 | | | | - | | | | - | | | | - | Total non-performing assets | | $ | 19,706 | | | $ | 20,917 | | | $ | 24,470 | | | $ | 13,797 | | | $ | 11,713 | | | | | | | | | | | | | | | | | | | | | Total non-accruing loans/total loans | | | 0.31 | % | | | 0.32 | % | | | 0.65 | % | | | 0.32 | % | | | 0.27 | % Total non-performing assets/total assets | | | 0.42 | | | | 0.44 | | | | 0.52 | | | | 0.29 | | | | 0.25 | | | | | | | | | | | | | | | | | | | | | PROVISION AND ALLOWANCE FOR CREDIT LOSSES ON LOANS | | | | | | | | | | | | | | | | | | | | Balance at beginning of period | | $ | 32,231 | | | $ | 34,315 | | | $ | 34,052 | | | $ | 33,940 | | | $ | 28,885 | Charged-off loans | | | (315 | ) | | | (3,463 | ) | | | (97 | ) | | | (318 | ) | | | (353 | ) Recoveries on charged-off loans | | | 12 | | | | 57 | | | | 55 | | | | 14 | | | | 37 | Net loans (charged-off) recovered | | | (303 | ) | | | (3,406 | ) | | | (42 | ) | | | (304 | ) | | | (316 | ) ACL established on PCD loans | | | - | | | | - | | | | - | | | | - | | | | 1,622 | ACL established on purchased seasoned loans | | | - | | | | 72 | | | | - | | | | - | | | | - | Provision for credit losses on loans | | | (167 | ) | | | 1,250 | | | | 305 | | | | 416 | | | | 3,749 | Balance at end of period | | $ | 31,761 | | | $ | 32,231 | | | $ | 34,315 | | | $ | 34,052 | | | $ | 33,940 | | | | | | | | | | | | | | | | | | | | | Allowance for credit losses/total loans | | | 0.88 | % | | | 0.89 | % | | | 0.96 | % | | | 0.94 | % | | | 0.95 | % Allowance for credit losses/non-accruing loans | | | 283 | | | | 282 | | | | 148 | | | | 294 | | | | 357 | | | | | | | | | | | | | | | | | | | | | NET LOAN (CHARGE-OFFS) RECOVERIES | | | | | | | | | | | | | | | | | | | | Commercial real estate | | $ | (239 | ) | | $ | (3,283 | ) | | $ | - | | | $ | - | | | $ | (224 | ) Commercial and industrial | | | 3 | | | | (15 | ) | | | 35 | | | | (256 | ) | | | 18 | Residential real estate | | | (70 | ) | | | (21 | ) | | | 8 | | | | 8 | | | | (112 | ) Consumer | | | 3 | | | | (87 | ) | | | (85 | ) | | | (56 | ) | | | 2 | Total, net | | $ | (303 | ) | | $ | (3,406 | ) | | $ | (42 | ) | | $ | (304 | ) | | $ | (316 | ) | | | | | | | | | | | | | | | | | | | | Net charge-offs (recoveries) (QTD annualized)/average loans | | | 0.03 | % | | | 0.37 | % | | | - | % | | | 0.03 | % | | | 0.04 | % Net charge-offs (recoveries) (YTD annualized)/average loans | | | 0.14 | | | | 0.19 | | | | - | | | | 0.03 | | | | 0.02 | | | | | | | | | | | | | | | | | | | | | PROVISION AND ALLOWANCE FOR CREDIT LOSSES ON AVAILABLE-FOR-SALE DEBT SECURITIES | | | | | | | | | | | | | | | | | | | | Balance at beginning of period | | $ | - | | | $ | - | | | $ | - | | | $ | - | | | $ | - | Charged-off interest receivable on available-for-sale debt securities | | | - | | | | - | | | | - | | | | - | | | | - | Provision (benefit) for credit losses on available-for-sale debt securities | | | - | | | | - | | | | - | | | | - | | | | - | Charged-off previously provisioned allowance for credit loss | | | - | | | | - | | | | - | | | | - | | | | - | Balance at end of period | | $ | - | | | $ | - | | | $ | - | | | $ | - | | | $ | - | BAR HARBOR BANKSHARES RECONCILIATION OF NON-GAAP FINANCIAL MEASURES AND SUPPLEMENTARY DATA - UNAUDITED | | | At or for the Quarters Ended | | | | Sep 30, | | | Jun 30, | | | Mar 31, | | | Dec 31, | | | Sept 30, | (in thousands) | | | 2026 | | | 2026 | | | 2026 | | | 2025 | | | 2025 | Net income | (R) | | $ | 16,089 | | | $ | 15,221 | | | $ | 13,537 | | | $ | 11,761 | | | $ | 8,855 | Non-core items: | | | | | | | | | | | | | | | | | | | | | Loss (gain) on available-for-sale debt securities, net | | | | (69 | ) | | | 25 | | | | - | | | | 428 | | | | (41 | ) Loss (gain) on premises and equipment, net | | | | 47 | | | | - | | | | 134 | | | | 370 | | | | (206 | ) (Gain) loss and other expenses on other real estate owned | | | | 1,267 | | | | 273 | | | | - | | | | - | | | | - | Provision on non-PCD acquired loans | | | | - | | | | - | | | | - | | | | - | | | | 3,954 | Acquisition, conversion and other expenses | | | | 610 | | | | (36 | ) | | | 1,455 | | | | 4,170 | | | | 4,978 | Income tax expense (1) | | | | (457 | ) | | | (65 | ) | | | (392 | ) | | | (1,225 | ) | | | (2,141 | ) Total non-core items (2) | | | | 1,398 | | | | 197 | | | | 1,197 | | | | 3,743 | | | | 6,544 | Core earnings (2) | (A) | | $ | 17,487 | | | $ | 15,418 | | | $ | 14,734 | | | $ | 15,504 | | | $ | 15,399 | | | | | | | | | | | | | | | | | | | | | Net interest income | (B) | | $ | 40,711 | | | $ | 37,919 | | | $ | 36,872 | | | $ | 38,617 | | | $ | 36,959 | Non-interest income | | | | 10,847 | | | | 11,732 | | | | 10,414 | | | | 10,325 | | | | 10,567 | Total revenue | | | | 51,558 | | | | 49,651 | | | | 47,286 | | | | 48,942 | | | | 47,526 | Loss (gain) on available-for-sale debt securities, net | | | | (69 | ) | | | 25 | | | | - | | | | 428 | | | | (41 | ) Total core revenue (2) | (C) | | $ | 51,489 | | | $ | 49,676 | | | $ | 47,286 | | | $ | 49,370 | | | $ | 47,485 | | | | | | | | | | | | | | | | | | | | | Total non-interest expense | | | | 31,367 | | | | 29,182 | | | | 29,827 | | | | 33,799 | | | | 32,739 | Non-core expenses: | | | | | | | | | | | | | | | | | | | | | (Loss) gain on premises and equipment, net | | | | (47 | ) | | | - | | | | (134 | ) | | | (370 | ) | | | 206 | Gain (loss) and other expenses on other real estate owned | | | | (1,267 | ) | | | (273 | ) | | | - | | | | - | | | | - | Acquisition, conversion and other expenses | | | | (610 | ) | | | 36 | | | | (1,455 | ) | | | (4,170 | ) | | | (4,978 | ) Total non-core expenses (2) | | | | (1,924 | ) | | | (237 | ) | | | (1,589 | ) | | | (4,540 | ) | | | (4,772 | ) Core non-interest expense (2) | (D) | | $ | 29,443 | | | $ | 28,945 | | | $ | 28,238 | | | $ | 29,259 | | | $ | 27,967 | | | | | | | | | | | | | | | | | | | | | Total revenue | | | | 51,558 | | | | 49,651 | | | | 47,286 | | | | 48,942 | | | | 47,526 | Total non-interest expense | | | | 31,367 | | | | 29,182 | | | | 29,827 | | | | 33,799 | | | | 32,739 | Pre-tax, pre-provision net revenue(2) | (S) | | $ | 20,191 | | | $ | 20,469 | | | $ | 17,459 | | | $ | 15,143 | | | $ | 14,787 | | | | | | | | | | | | | | | | | | | | | Core revenue(2) | | | | 51,489 | | | | 49,676 | | | | 47,286 | | | | 49,370 | | | | 47,485 | Core non-interest expense(2) | | | | 29,443 | | | | 28,945 | | | | 28,238 | | | | 29,259 | | | | 27,967 | Core pre-tax, pre-provision net revenue(2) | (U) | | $ | 22,046 | | | $ | 20,731 | | | $ | 19,048 | | | $ | 20,111 | | | $ | 19,518 | | | | | | | | | | | | | | | | | | | | | (in millions) | | | | | | | | | | | | | | | | | | | | | Average earning assets | (E) | | $ | 4,343 | | | $ | 4,277 | | | $ | 4,294 | | | $ | 4,294 | | | $ | 4,179 | Average assets | (F) | | | 4,731 | | | | 4,654 | | | | 4,669 | | | | 4,670 | | | | 4,518 | Average shareholders' equity | (G) | | | 546 | | | | 547 | | | | 542 | | | | 533 | | | | 502 | Average tangible shareholders' equity (2) (3) | (H) | | | 389 | | | | 390 | | | | 384 | | | | 374 | | | | 360 | Tangible shareholders' equity, period-end (2) (3) | (I) | | | 379 | | | | 392 | | | | 380 | | | | 374 | | | | 362 | Tangible assets, period-end (2) (3) | (J) | | | 4,547 | | | | 4,585 | | | | 4,519 | | | | 4,526 | | | | 4,563 | BAR HARBOR BANKSHARES RECONCILIATION OF NON-GAAP FINANCIAL MEASURES AND SUPPLEMENTARY DATA - UNAUDITED | | | At or for the Quarters Ended | | | | Sep 30, | | Jun 30, | | Mar 31, | | Dec 31, | | Sept 30, | (in thousands) | | | 2026 | | 2026 | | 2026 | | 2025 | | 2025 | Common shares outstanding, period-end | (K) | | | 16,766 | | | 16,754 | | | 16,742 | | | 16,702 | | | 16,689 | Average diluted shares outstanding | (L) | | | 16,828 | | | 16,808 | | | 16,804 | | | 16,757 | | | 16,284 | | | | | | | | | | | | | | | | | | Core earnings per share, diluted (2) | (A/L) | | $ | 1.04 | | $ | 0.92 | | $ | 0.88 | | $ | 0.93 | | $ | 0.95 | Tangible book value per share, period-end (2) | (I/K) | | | 22.61 | | | 23.43 | | | 22.71 | | | 22.41 | | | 21.70 | Tangible shareholders' equity/total tangible assets (2) | (I/J) | | | 8.34 | | | 8.56 | | | 8.42 | | | 8.27 | | | 7.94 | | | | | | | | | | | | | | | | | | Performance ratios (4) | | | | | | | | | | | | | | | | | GAAP return on assets | | | | 1.35 | | | 1.31 | % | | 1.18 | % | | 1.00 | % | | 0.78 | % Core return on assets (2) | (A/F) | | | 1.47 | | | 1.33 | | | 1.28 | | | 1.32 | | | 1.35 | Pre-tax, pre-provision return on assets(2) | (S/F) | | | 1.69 | | | 1.76 | | | 1.52 | | | 1.29 | | | 1.30 | Core pre-tax, pre-provision return on assets (2) | (U/F) | | | 1.85 | | | 1.79 | | | 1.65 | | | 1.71 | | | 1.71 | GAAP return on equity | | | | 11.69 | | | 11.16 | | | 10.13 | | | 8.76 | | | 6.99 | Core return on equity (2) | (A/G) | | | 12.70 | | | 11.30 | | | 11.03 | | | 11.55 | | | 12.16 | Return on tangible equity (1) (2) | (R+Q)/H | | | 16.84 | | | 16.11 | | | 14.77 | | | 12.94 | | | 10.07 | Core return on tangible equity (1) (2) | (A+Q)/H | | | 18.27 | | | 16.31 | | | 16.03 | | | 16.91 | | | 17.23 | Efficiency ratio (2) (5) | (D-O-Q)/(C+N) | | 55.26 | | | 55.76 | | | 56.92 | | | 57.24 | | | 56.70 | Net interest margin, fully taxable equivalent (2) | (B+P)/E | | | 3.77 | | | 3.61 | | | 3.54 | | | 3.62 | | | 3.56 | | | | | | | | | | | | | | | | | | Supplementary data (in thousands) | | | | | | | | | | | | | | | | | Taxable equivalent adjustment for efficiency ratio | (N) | | $ | 736 | | $ | 905 | | $ | 1,044 | | $ | 766 | | $ | 738 | Franchise taxes included in non-interest expense | (O) | | | 1 | | | 159 | | | 146 | | | (22 | ) | | 158 | Tax equivalent adjustment for net interest margin | (P) | | | 565 | | | 556 | | | 554 | | | 595 | | | 574 | Intangible amortization | (Q) | | | 582 | | | 582 | | | 582 | | | 582 | | | 466 | _____________________________________ - Assumes a marginal tax rate of 24.65% for the first, second and third quarters of 2026 and third and fourth quarters of 2025. - Non-GAAP financial measure. - Tangible shareholders' equity is computed by taking total shareholders' equity less the intangible assets at period-end. Tangible assets is computed by taking total assets less the intangible assets at period-end. - All performance ratios are based on average balance sheet amounts, where applicable. - Efficiency ratio is computed by dividing core non-interest expense net of franchise taxes and intangible amortization divided by core revenue on a fully taxable equivalent basis. SOURCE: Bar Harbor Bank & Trust View the original press release on ACCESS Newswire

Bar Harbor Bankshares (BHB) came out with quarterly earnings of $1.04 per share, beating the Zacks Consensus Estimate of $0.93 per share. This compares to earnings of $0.95 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +11.83%. A quarter ago, it was expected that this bank would post earnings of $0.92 per share when it actually produced earnings of $0.92, delivering no surprise. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Bar Harbor, which belongs to the Zacks Banks - Northeast industry, posted revenues of $51.56 million for the quarter ended September 2026, surpassing the Zacks Consensus Estimate by 3.36%. This compares to year-ago revenues of $47.53 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Bar Harbor shares have added about 24.5% since the beginning of the year versus the S&P 500's gain of 13.3%. While Bar Harbor has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Bar Harbor was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.92 on $50.14 million in revenues for the coming quarter and $3.60 on $195.98 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 26% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Merchants Bancorp (MBIN), has yet to report results for the quarter ended September 2026. The results are expected to be released on October 28. This bank holding company is expected to post quarterly earnings of $1.39 per share in its upcoming report, which represents a year-over-year change of +43.3%. The consensus EPS estimate for the quarter has been revised 0.5% higher over the last 30 days to the current level. Merchants Bancorp's revenues are expected to be $184.13 million, up 7.6% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Bar Harbor Bankshares, Inc. (BHB) : Free Stock Analysis Report Merchants Bancorp (MBIN) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Bar Harbor Bankshares (BHB) came out with quarterly earnings of $0.92 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.7 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this bank would post earnings of $0.87 per share when it actually produced earnings of $0.88, delivering a surprise of +1.15%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Bar Harbor, which belongs to the Zacks Banks - Northeast industry, posted revenues of $49.65 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.90%. This compares to year-ago revenues of $34.54 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Bar Harbor shares have added about 22.2% since the beginning of the year versus the S&P 500's gain of 8.7%. While Bar Harbor has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Bar Harbor was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.94 on $50.26 million in revenues for the coming quarter and $3.67 on $197.15 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Esquire Financial Holdings, Inc. (ESQ), has yet to report results for the quarter ended June 2026. The results are expected to be released on July 23. This company is expected to post quarterly earnings of $1.55 per share in its upcoming report, which represents a year-over-year change of +12.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Esquire Financial Holdings, Inc.'s revenues are expected to be $40.91 million, up 14.2% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Bar Harbor Bankshares, Inc. (BHB) : Free Stock Analysis Report Esquire Financial Holdings, Inc. (ESQ) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

BAR HARBOR, ME / ACCESS Newswire / July 21, 2026 / Bar Harbor Bankshares (NYSE American:BHB) (the "Company") reported second quarter 2026 GAAP net income of $15.2 million, or $0.91 per diluted share, and core earnings (Non-GAAP) of $15.4 million, or $0.92 per diluted share, compared to GAAP net income of $13.5 million, or $0.81 per diluted share, and core earnings (Non-GAAP) of $14.7 million, or $0.88 per diluted share, in the first quarter of 2026. SECOND QUARTER 2026 HIGHLIGHTS (all comparisons to first quarter 2026, unless otherwise noted) Net interest margin of 3.61%, compared to 3.54% 1.31% return on assets; 1.33% core return on assets (Non-GAAP) 11.16% return on equity; 11.30% core return on equity (Non-GAAP) 55.76% efficiency ratio (Non-GAAP), compared to 56.92% Bar Harbor Bankshares' President and Chief Executive Officer, Curtis C. Simard, stated, "During the quarter we affirmed our commitment to consistently delivering strong financial results and long-term shareholder value while remaining dedicated to our customers. This commitment is clear not only in our results, but has also gained us recognition by Forbes Magazine as one of America's "Best-in-State Banks" for the fifth consecutive year. We continue to grow capital organically and have essentially earned back our dilution from our acquisition last year within a year. Halfway through 2026, we are proud of what we have accomplished so far and are well-positioned for what's ahead." DIVIDEND DECLAREDThe Board of Directors of the Company voted to declare a cash dividend of $0.34 per share to shareholders of record at the close of business on August 20, 2026, payable on September 18, 2026. The dividend equates to a 3.60% annualized yield based on the $37.76 closing share price of the Company's common stock on June 30, 2026, the last trading day of the second quarter 2026. FINANCIAL CONDITION (Quarter results for June 30, 2026 compared to March 31, 2026)Total assets increased slightly to $4.7 billion at the end of the second quarter 2026, the 1% increase was primarily due to loan growth as well as increased interest-earning deposits with other banks. Total cash and cash equivalents were $104.4 million at the end of the second quarter 2026, compared to $82.2 million at the end of the first quarter 2026. Interest-earning deposits with other banks increased to $58.1 million at the end of the second quarter 2026, compared to $46.6 million at the end of the first quarter 2026. While end of quarter balances were higher due to timing, averages remained consistent with a yield of 3.92% and 3.90%, respectively. Available-for-sale debt securities were $601.8 million compared to $598.0 million at the end of the first quarter 2026. Portfolio unrealized losses were $45.0 million at quarter-end compared to $45.7 million at the end of the first quarter 2026. During the quarter there were purchases of $27.4 million, paydowns and calls of $21.0 million and net accretion of $429 thousand. The quarter-to-date weighted average yield of the securities portfolio was 4.06% compared to 4.05% at the end of the first quarter 2026. As of the second quarter 2026 and the first quarter 2026, our securities portfolio had an average life of 7.2 years and 7.6 years respectively, with an effective duration of 5.2 years and 5.4 years, respectively. At the end of the second quarter 2026, all securities remain classified as available for sale. Federal Home Loan Bank stock increased $3.8 million to $13.4 million at the end of the second quarter 2026 compared to $9.6 million at the end of the first quarter 2026, primarily driven by the increase in wholesale borrowings. Total loans increased $28.9 million to $3.6 billion in the second quarter 2026 compared to the first quarter 2026 driven primarily by an increase in commercial real estate loans. Commercial real estate loans increased $20.3 million driven by $59.0 million in originations during the quarter, partially offset by $18.3 million in loans that matured and paid off during the quarter. Commercial and industrial loans increased $15.7 million and included $33.4 million of originations during the quarter. Residential real estate loans decreased $10.4 million during the quarter due to $29.1 million in payoffs and $11.0 million in paydowns, partially offset by $29.7 million in originations. Loans held for sale were $10.2 million in the second quarter 2026 compared to $11.5 million in the first quarter 2026 as we originated $24.9 million in loans held for sale and sold $26.2 million in loans during the quarter. The allowance for credit losses ("ACL") on loans was $32.2 million at the end of the second quarter 2026, compared to $34.3 million at the end of the first quarter 2026. The change in the allowance was primarily driven by a $3.3 million partial charge-off related to a previously non-accruing relationship that was moved into other real estate owned and that carried significant specific reserves at the end of the first quarter 2026. Premises and equipment increased in the second quarter 2026 to $61.2 million compared to $58.9 million at the end of the first quarter 2026, driven by on-going renovation projects. Bank owned life insurance decreased $1.1 million primarily reflecting the recognition of a death benefit during the quarter. Total deposits remained consistent at $3.9 billion at the end of the second quarter 2026. During the quarter we witnessed a shift in our deposit mix from interest-bearing accounts to non-interest bearing demand deposits. Non-interest bearing demand deposits increased $26.8 million driven by 1,893 new account openings. Interest-bearing deposits decreased across all categories primarily driven by seasonality and tax payments. Total borrowings increased $65.5 million in the second quarter 2026 to $281.2 million compared to $215.7 million in the first quarter 2026. The increase was driven by higher wholesale borrowings to fund loan originations. The Company's book value per share was $32.80 at the end of the second quarter 2026 compared to $32.13 at the end of the first quarter 2026. Tangible book value per share (non-GAAP) was $23.43 at the end of the second quarter 2026, compared to $22.71 at the end of the first quarter 2026. RESULTS OF OPERATIONS (Quarter results for June 30, 2026 compared to June 30, 2025)The net interest margin was 3.61% in the second quarter 2026 compared to 3.23% in the same quarter 2025. As loan balances grew year-over-year the yield on loans expanded 4 basis points to 5.52% compared to 5.48% in the same period of 2025. Interest-bearing deposit costs decreased year-over-year to 1.88% compared to 2.28% in the same period of 2025. Total interest and dividend income increased by 15% or $7.2 million to $55.9 million in the second quarter 2026 compared to $48.7 million in the second quarter 2025. Yields on earning assets grew to 5.29% in the second quarter 2026 compared to 5.23% in the second quarter 2025. The increase is driven by the securities yield expansion of 20 basis points to 4.06% in the second quarter 2026 compared to 3.86% in the same period of 2025. The increase is primarily due to $115.6 million in acquired investments from the acquisition of Woodsville Guaranty Savings Bank ("Woodsville"). The loan yield increased in part due to the acquisition of $413.4 million in loans from Woodsville but also includes $48.1 million in organic growth. Residential loan yield expansion was the primary driver as the yield increased to 4.62% for the second quarter 2026 from 4.14% in the second quarter of 2025. Total loan yield growth was partially offset by a decrease in the commercial and industrial yield to 6.17% for the second quarter 2026 from 6.41% in the second quarter 2025 driven by the decrease in rates of adjustable-rate loans. Total interest expense decreased $806 thousand in the second quarter 2026 compared to the second quarter 2025. Deposit costs were down $873 thousand year-over-year as the cost of interest-bearing deposits decreased to 1.88% in the second quarter 2026 from 2.28% in the same period of 2025. Borrowing costs increased $67 thousand, or 2% year-over-year, driven by the subordinated debt acquired from Woodsville. The provision for credit losses on loans in the second quarter 2026 was $1.3 million compared to $528 thousand in the same period of 2025. The allowance for credit losses to total loans coverage ratio for the second quarter 2026 remains well-funded and was 0.89% compared to 0.96% in the first quarter of 2026 and 0.92% in the second quarter of 2025. Non-interest income increased $7.1 million in the second quarter 2026 to $11.7 million compared to $4.6 million in the same quarter 2025. The increase was primarily driven by increases in customer service fees in the second quarter 2026 compared to the same period of 2025 and a loss on sales of securities of $25 thousand compared to $4.9 million for the same period of 2025. Trust management fee income increased $314 thousand driven by the 12%, or $330.0 million, increase in assets under management compared to the same period of 2025. Bank owned life insurance income increased $815 thousand in the second quarter of 2026 compared to the second quarter of 2025 primarily due to a death benefit during the quarter. Non-interest expenses increased $2.7 million to $29.2 million in the second quarter 2026 compared to $26.5 million in the second quarter 2025. The increase was driven by higher salaries and employee benefits costs of $16.8 million in the second quarter 2026 compared to $14.3 million in the second quarter 2025 as full-time equivalents increased to 530 from 455 as of June 30, 2025. Occupancy and equipment increased $746 thousand driven primarily by higher maintenance contract costs from the acquisition of Woodsville. Amortization of intangible assets increased $349 thousand, reflecting incremental amortization associated with the Woodsville acquisition. Acquisition, conversion and other expenses decreased $1.2 million from the second quarter of 2025 as expenses related to the acquisition neared completion. Other expenses increased $896 thousand for the second quarter 2026 compared to the second quarter 2025 primarily due to expenses related to other real estate owned. Income tax expense was $4.0 million for the second quarter 2026 compared to $1.4 million for the second quarter of 2025. Our GAAP effective tax rate for the second quarter 2026 was 20.8% and 18.5% in the second quarter 2025. BACKGROUNDBar Harbor Bankshares (NYSE American: BHB) is the parent company of its wholly-owned subsidiary, Bar Harbor Bank & Trust. Founded in 1887, Bar Harbor Bank & Trust is a true community bank serving the financial needs of its clients for over 135 years. Bar Harbor Bank & Trust provides full-service community banking with office locations in all three Northern New England states of Maine, New Hampshire and Vermont. For more information, visit www.barharbor.bank. FORWARD-LOOKING STATEMENTSAll statements, other than statements of historical fact, included in this release that address activities, events, or developments that the Company expects, believes, or anticipates will or may occur in the future are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. When used in this release the words "believe," "anticipate," "expect," "may," "will," "assume," "should," "predict," "could," "would," "intend," "targets," "estimates," "projects," "plans," and "potential," and other similar words and expressions of the future, are intended to identify such forward-looking statements, but other statements not based on historical information may also be considered forward-looking, including statements relating to Company's balance sheet management, our credit trends, our overall credit performance, and the Company's strategic plans, objectives, and intentions. All forward-looking statements are subject to risks, uncertainties, and other factors that may cause the actual results, performance, or achievements of the Company to differ materially from any results, performance, or achievements expressed or implied by such forward-looking statements. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause the actual results to differ materially from the statements, including, but not limited to: (1) changes in general business and economic conditions on a national basis and in our markets throughout Northern New England; (2) changes in consumer behavior due to political, business, and economic conditions, including ongoing armed conflicts, inflation, future United States government shutdowns, and concerns about liquidity; (3) the possibility that our asset quality could decline or that we experience greater loan losses than anticipated; (4) the impact of liquidity needs on our results of operations and financial condition; (5) changes in the size and nature of our competition; (6) the effect of interest rate increases on the cost of deposits; (7) unanticipated weakness in loan demand, pricing, or collectability; (8) the possibility that future credit losses are higher than currently expected due to changes in economic assumptions or adverse economic developments; (9) operational risks including, but not limited to, changes in information technology, cybersecurity incidents, fraud, natural disasters, climate change, war, terrorism, civil unrest, and future pandemics; (10) lack of strategic growth opportunities or our failure to execute on available opportunities, (11) our ability to effectively manage problem credits; (12) our ability to successfully develop new products and implement efficiency initiatives on time and with the results projected; (13) our ability to retain executive officers and key employees and their customer and community relationships; (14) regulatory, litigation, and reputational risks and the applicability of insurance coverage; (15) changes in the reliability of our vendors, internal control systems, or information systems; (16) changes in legislation or regulation and accounting principles, policies, and guidelines; (17) reductions in the market value or outflows of wealth management assets under management; (18) the impacts of tariffs, sanctions, and other trade policies of the United States and its global trading counterparts; and (19) changes in the assumptions used in making such forward-looking statements. Additional factors which could affect the forward-looking statements can be found in the Company's annual report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K filed with the Securities and Exchange Commission (the "SEC") and available on the SEC's website at http://www.sec.gov. The Company believes the forward-looking statements contained herein are reasonable; however, many of such risks, uncertainties, and other factors are beyond the Company's ability to control or predict and undue reliance should not be placed on any forward-looking statements, which are based on current expectations and speak only as of the date that they are made. Therefore, the Company can give no assurance that its future results will be as estimated. The Company does not intend to, and disclaims any obligation to, update or revise any forward-looking statement. NON-GAAP FINANCIAL MEASURESThis document contains certain non-GAAP financial measures in addition to results presented in accordance with accounting principles generally accepted in the United States of America ("GAAP"). These non-GAAP measures are intended to provide the reader with additional supplemental perspectives on operating results, performance trends, and financial condition. Non-GAAP financial measures are not a substitute for GAAP measures; they should be read and used in conjunction with the Company's GAAP financial information. Because non-GAAP financial measures presented in this document are not measurements determined in accordance with GAAP and are susceptible to varying calculations, these non-GAAP financial measures, as presented, may not be comparable to other similarly titled measures presented by other companies. A reconciliation of non-GAAP financial measures to GAAP measures is provided below. In all cases, it should be understood that non-GAAP measures do not depict amounts that accrue directly to the benefit of shareholders. An item which management excludes when computing non-GAAP core earnings can be of substantial importance to the Company's results for any particular quarter or year. Each non-GAAP measure used by the Company in this report as supplemental financial data should be considered in conjunction with the Company's GAAP financial information. The Company utilizes the non-GAAP measure of core earnings in evaluating operating trends, including components for core revenue and expense. These measures exclude amounts which the Company views as unrelated to its normalized operations, including gains/losses on securities, premises, equipment and other real estate owned, acquisition costs, restructuring costs, legal settlements, and systems conversion costs. Non-GAAP adjustments are presented net of an adjustment for income tax expense. The Company also calculates core earnings per share based on its measure of core earnings. The Company views these amounts as important to understanding its operating trends, particularly due to the impact of accounting standards related to acquisition activity. Analysts also rely on these measures in estimating and evaluating the Company's performance. Management also believes that the computation of non-GAAP core earnings and core earnings per share may facilitate the comparison of the Company to other companies in the financial services industry. The Company also adjusts certain equity related measures to exclude intangible assets due to the importance of these measures to the investment community. ### CONTACTSJosephine Iannelli; EVP, Chief Financial Officer & Treasurer; (207) 288-3314 BAR HARBOR BANKSHARESSELECTED FINANCIAL HIGHLIGHTS - UNAUDITED (1) Non-GAAP financial measure. Refer to the Reconciliation of Non-GAAP Financial Measures in tables I-J for additional information.(2) All performance ratios are based on average balance sheet amounts, where applicable.(3) Fully taxable equivalent considers the impact of tax-advantaged investment securities and loans.(4) Earning assets includes non-accruing loans and interest-bearing deposits with other banks. Securities are valued at amortized cost.(5) Current quarter annualized. BAR HARBOR BANKSHARESCONSOLIDATED BALANCE SHEETS - UNAUDITED BAR HARBOR BANKSHARESCONSOLIDATED LOAN & DEPOSIT ANALYSIS - UNAUDITED LOAN ANALYSIS Acquired Woodsville Guaranty Savings Bank (WGSB) Balances are as of August 1, 2025. DEPOSIT ANALYSIS Acquired Woodsville Guaranty Savings Bank (WGSB) Balances are as of August 1, 2025. BAR HARBOR BANKSHARESCONSOLIDATED STATEMENTS OF INCOME - UNAUDITED BAR HARBOR BANKSHARESCONSOLIDATED STATEMENTS OF INCOME (5 Quarter Trend) - UNAUDITED (1) The $4.9 million loss in June 2025 includes a $4.5 million loss on corporate debt securities and $549 thousand on a matured debt security. BAR HARBOR BANKSHARESAVERAGE YIELDS AND COSTS (Fully Taxable Equivalent (Non-GAAP) - Annualized) - UNAUDITED (1) Non-GAAP financial measure. Refer to the Reconciliation of Non-GAAP Financial Measures in tables I-J for additional information. BAR HARBOR BANKSHARESAVERAGE BALANCES - UNAUDITED (1) Total average interest-bearing deposits with other banks is net of Federal Reserve daily cash letter.(2) Average balances for available-for-sale debt securities are based on amortized cost.(3) Total average loans include non-accruing loans and loans held for sale. BAR HARBOR BANKSHARESASSET QUALITY ANALYSIS - UNAUDITED BAR HARBOR BANKSHARESRECONCILIATION OF NON-GAAP FINANCIAL MEASURES AND SUPPLEMENTARY DATA - UNAUDITED BAR HARBOR BANKSHARESRECONCILIATION OF NON-GAAP FINANCIAL MEASURES AND SUPPLEMENTARY DATA - UNAUDITED (1) Assumes a marginal tax rate of 24.65% for the first and second quarters of 2026 and third and fourth quarters of 2025 and 24.26% in the second quarter of 2025.(2) Non-GAAP financial measure.(3) Tangible shareholders' equity is computed by taking total shareholders' equity less the intangible assets at period-end. Tangible assets is computed by taking total assets less the intangible assets at period-end.(4) All performance ratios are based on average balance sheet amounts, where applicable.(5) Efficiency ratio is computed by dividing core non-interest expense net of franchise taxes and intangible amortization divided by core revenue on a fully taxable equivalent basis.(6) The $4.9 million loss in the second quarter 2025 includes a $4.5 million loss on corporate debt securities and $549 thousand on a matured debt security. SOURCE: Bar Harbor Bank & Trust View the original press release on ACCESS Newswire

Bar Harbor Bankshares (BHB) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $0.68 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +1.15%. A quarter ago, it was expected that this bank would post earnings of $0.89 per share when it actually produced earnings of $0.93, delivering a surprise of +4.49%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Bar Harbor, which belongs to the Zacks Banks - Northeast industry, posted revenues of $47.29 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 1.69%. This compares to year-ago revenues of $37.92 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Bar Harbor shares have added about 11.2% since the beginning of the year versus the S&P 500's gain of 3.9%. While Bar Harbor has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Bar Harbor was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.89 on $49.05 million in revenues for the coming quarter and $3.60 on $197.8 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the bottom 42% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Camden National (CAC), another stock in the same industry, has yet to report results for the quarter ended March 2026. The results are expected to be released on April 28. This bank is expected to post quarterly earnings of $1.27 per share in its upcoming report, which represents a year-over-year change of +33.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Camden National's revenues are expected to be $66.04 million, up 10% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Bar Harbor Bankshares, Inc. (BHB) : Free Stock Analysis Report Camden National Corporation (CAC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

BAR HARBOR, ME / ACCESS Newswire / April 21, 2026 / Bar Harbor Bankshares (NYSE American:BHB) (the "Company") reported first quarter 2026 GAAP net income of $13.5 million or $0.81 per diluted share and core earnings (Non-GAAP) of $14.7 million or $0.88 per diluted share compared to GAAP net income of $11.8 million or $0.70 per diluted share and core earnings (Non-GAAP) of $15.5 million or $0.93 per diluted share in the fourth quarter of 2025. FIRST QUARTER 2026 HIGHLIGHTS (all comparisons to fourth quarter 2025, unless otherwise noted) Net interest margin of 3.54% 1.18% return on assets; 1.28% core return on assets (Non-GAAP) 10.13% return on equity; 11.03% core return on equity (Non-GAAP) 56.92% efficiency ratio(Non-GAAP), compared to 57.24% Bar Harbor Bankshares' President and Chief Executive Officer, Curtis C. Simard, stated, "We are pleased to announce our first quarter financial results that showcase a strong start to the year. We continue our commitment to profitable growth and maintaining a stable net interest margin. Our calling culture continues to pay off, as we saw over 1,500 accounts to new customer opened during the quarter. The Company continues to build long-term shareholder value which has once again enabled us to increase our dividend per share by 6% over last year's dividend amount, and approve our annual resolution for a stock buyback program of up to 5% of the total outstanding shares. We are well-positioned and looking forward to the rest of the year ahead." DIVIDEND DECLARED AND STOCK REPURCHASE PLAN APPROVED The Board of Directors of the Company voted to declare a cash dividend of $0.34 per share to shareholders of record at the close of business on May 21, 2026, payable on June 18, 2026. This represents an increase in the cash dividend of $0.02 per share from $0.32 per share last quarter. The dividend equates to a 4.19% annualized yield based on the $32.45 closing share price of the Company's common stock on March 31, 2026, the last trading day of the first quarter 2026. Additionally, the Board authorized the repurchase of up to 5% of the Company's outstanding common stock, representing approximately 837,000 shares as of March 31, 2026 under a share repurchase plan (the "Plan"). The Plan, which remains subject to regulatory approval, is authorized to last no longer than twelve months. FINANCIAL CONDITION (Quarter results for March 31, 2026 compared to December 31, 2025) Total assets remained constant at $4.7 billion at the end of the first quarter 2026, the less than 1% change was primarily due to increased deposits offset by paydowns in total borrowings and loans during the quarter. Total cash and cash equivalents were $82.2 million at the end of the first quarter 2026, compared to $80.8 million at the end of the fourth quarter 2025. Interest-earning deposits with other banks increased to $46.6 million at the end of the first quarter 2026, compared to $35.9 million at the end of the fourth quarter 2025 and yielded 3.90% and 4.53%, respectively. The increase in cash balances was driven primarily by loan payoffs during the quarter. Available-for-sale debt securities were $598.0 million compared to $597.4 million at the end of the fourth quarter 2025. Portfolio unrealized losses increased to $45.7 million at quarter-end compared to $41.7 million at the end of the fourth quarter 2025 due to the interest rate environment. During the quarter there were purchases of $25.2 million, paydowns and calls of $19.3 million and net accretion of $411 thousand. The quarter-to-date weighted average yield of the securities portfolio was 4.05% compared to 4.03% at the end of the fourth quarter 2025. As of the first quarter 2026 and the fourth quarter 2025, our securities portfolio had an average life of 7.6 years and 7.1 years respectively, with an effective duration of 5.4 years and 5.2 years, respectively. At the end of the first quarter 2026 all securities remain classified as available for sale. Federal Home Loan Bank stock decreased $1.7 million to $9.6 million at the end of the first quarter 2026 compared to $11.3 million at the end of the fourth quarter 2025 primarily driven by the decrease in wholesale borrowings. Total loans decreased $20.6 million to $3.6 billion in the first quarter 2026 compared to the fourth quarter 2025 driven primarily by commercial real estate payoffs. Commercial real estate loans decreased $30.2 million primarily due to one early payoff of $14.4 million and $24.4 million in loans that matured and paid off during the quarter. Commercial and industrial loans increased 24% on an annualized basis and included $16.6 million of originations during the quarter. Residential real estate loans decreased $8.1 million during the quarter primarily driven by increased prepayment activity and offset in part by a $12.0 million residential loan purchase. Loans held for sale were $11.5 million in the first quarter 2026 compared to $5.3 million in the fourth quarter 2025 as we originated $23.6 million in loans held for sale and sold $16.2 million in loans during the quarter. The allowance for credit losses ("ACL") on loans remained stable at $34.3 million at the end of the first quarter 2026 compared to $34.1 million at the end of the fourth quarter 2025. The allowance for credit losses to total loans coverage ratio for the first quarter 2026 was in line with the fourth quarter 2025 at 0.96% versus 0.94%. Premises and equipment increased in the first quarter 2026 to $58.9 million compared to $58.2 million at the end of the fourth quarter 2025 driven by renovation projects. Bank owned life insurance decreased $6.4 million or 7% driven by death benefit pay outs that occurred at the end of the first quarter 2026 offset by increases in cash surrender value. Total deposits were $3.9 billion at the end of the first quarter 2026 compared to $3.8 billion at the end of the fourth quarter of 2025. The increase was driven primarily by $17.2 million in new customer non-maturity deposits. Time deposits increased $8.2 million during the quarter due to $4.8 million in new customer time deposits and an $18.0 million increase in brokered deposits, which was offset in part by maturities. Total borrowings decreased $53.9 million in the first quarter 2026 to $215.7 million compared to $269.6 million in the fourth quarter 2025. The decrease was driven by cash inflows from loan payoffs and increased deposits. The Company's book value per share was $32.13 at the end of the first quarter 2026 compared to $31.88 at the end of the fourth quarter 2025. Tangible book value per share (non-GAAP) was $22.71 at the end of the first quarter 2026, compared to $22.41 at the end of the fourth quarter 2025. RESULTS OF OPERATIONS (Quarter results for March 31, 2026 compared to March 31, 2025) The net interest margin was 3.54% in the first quarter 2026 compared to 3.17% in the same quarter 2025. As loan balances grew year-over-year the yield on loans expanded 8 basis points to 5.50% compared to 5.42% in the same period of 2025. Interest-bearing deposit costs decreased year-over-year to 2.19% compared to 2.52% in the same period of 2025. Total interest and dividend income increased by 16% or $7.7 million to $55.3 million in the first quarter 2026 compared to $47.5 million in the prior year. Yields on earning assets grew to 5.27% in the first quarter 2026 compared to 5.16% in the first quarter 2025. The increase is driven by year-over-year loan yield expansion primarily due to the acquisition of $413.4 million in loans from the acquisition of Woodsville Guaranty Savings Bank ("Woodsville"). The yield on commercial real estate loans grew to 5.68% in the first quarter 2026 from 5.58% in the first quarter 2025. The residential loan yield increased to 4.64% for the first quarter 2026 from 4.22% in the first quarter of 2025. Total loan yield growth was partially offset by a decrease in the commercial and industrial yield to 6.13% for the first quarter 2026 from 6.57% in the first quarter 2025 driven by the decrease in rates of adjustable-rate loans. Total interest expense decreased $153 thousand in the first quarter 2026 compared to the first quarter 2025. Deposit costs were down $623 thousand year-over-year. Borrowing costs increased $470 thousand, or 16% year-over-year, driven by the subordinated debt acquired from Woodsville. The provision for credit losses on loans in the first quarter 2026 was $305 thousand compared to a recapture of $57 thousand in the same period of 2025. The provision reflects minimal net charge-offs of $42 thousand while credit quality remains strong. There was no provision for investment losses in the current year compared to a $636 thousand provision in the first quarter 2025. We had a loss on available-for-sale debt securities of $1.0 million during the first quarter 2026. The loss relates to a write-down on a previously identified corporate bond with continued deteriorated credit quality that the Company does not intend to hold until recovery of the amortized cost basis. Non-interest income increased $1.5 million in the first quarter 2026 to $10.4 million compared to $8.9 million in the same quarter 2025 primarily driven by a $1.3 million gain on death benefit from bank owned life insurance. Trust management fee income increased $199 thousand driven by the 7%, or $183.5 million, increase in assets under management compared to the same period of 2025. As noted above there was an additional write-down on one corporate debt security resulting in a loss on available-for-sale debt securities of $1.0 million during the first quarter 2026. Non-interest expenses increased $5.2 million to $29.8 million in the first quarter 2026 compared to $24.7 million in the first quarter 2025 driven by $1.5 million in expenses related to the Woodsville acquisition. Salaries and benefits increased $2.0 million to $15.8 million in the first quarter 2026 compared to $13.7 million in the first quarter 2025 primarily due to additional salary costs associated with the retained Woodsville personnel. Occupancy and equipment increased $711 thousand driven primarily by higher maintenance contract costs from the acquisition of Woodsville. Amortization of intangibles increased $349 thousand due to the acquisition of Woodsville. Other expenses increased $854 thousand for the first quarter 2026 compared to the first quarter 2025 primarily due to increases in software expenses. Loss on sale of premises and equipment was $134 thousand in the first quarter 2026 driven by a building sale. Income tax expense was $3.6 million for the first quarter 2026 compared to $2.5 million for the first quarter of 2025, respectively. Our GAAP effective tax rate for the first quarter 2026 was 21.09% and 19.57% in the first quarter 2025 and the effective tax rate on core earnings (Non-GAAP) was 21.89% and 22.98%, respectively. BACKGROUND Bar Harbor Bankshares (NYSE American:BHB) is the parent company of its wholly-owned subsidiary, Bar Harbor Bank & Trust. Founded in 1887, Bar Harbor Bank & Trust is a true community bank serving the financial needs of its clients for over 135 years. Bar Harbor Bank & Trust provides full-service community banking with office locations in all three Northern New England states of Maine, New Hampshire and Vermont. For more information, visit www.barharbor.bank. FORWARD-LOOKING STATEMENTS All statements, other than statements of historical fact, included in this release that address activities, events, or developments that the Company expects, believes, or anticipates will or may occur in the future are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. When used in this release the words "believe," "anticipate," "expect," "may," "will," "assume," "should," "predict," "could," "would," "intend," "targets," "estimates," "projects," "plans," and "potential," and other similar words and expressions of the future, are intended to identify such forward-looking statements, but other statements not based on historical information may also be considered forward-looking, including statements relating to Company's balance sheet management, our credit trends, our overall credit performance, and the Company's strategic plans, objectives, and intentions. All forward-looking statements are subject to risks, uncertainties, and other factors that may cause the actual results, performance, or achievements of the Company to differ materially from any results, performance, or achievements expressed or implied by such forward-looking statements. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause the actual results to differ materially from the statements, including, but not limited to: (1) changes in general business and economic conditions on a national basis and in our markets throughout Northern New England; (2) changes in consumer behavior due to political, business, and economic conditions, including ongoing armed conflicts, inflation, current or future United States government shutdowns, and concerns about liquidity; (3) the possibility that our asset quality could decline or that we experience greater loan losses than anticipated; (4) the impact of liquidity needs on our results of operations and financial condition; (5) changes in the size and nature of our competition; (6) the effect of interest rate increases on the cost of deposits; (7) unanticipated weakness in loan demand, pricing, or collectability; (8) the possibility that future credit losses are higher than currently expected due to changes in economic assumptions or adverse economic developments; (9) operational risks including, but not limited to, changes in information technology, cybersecurity incidents, fraud, natural disasters, climate change, war, terrorism, civil unrest, and future pandemics; (10) lack of strategic growth opportunities or our failure to execute on available opportunities, (11) our ability to effectively manage problem credits; (12) our ability to successfully develop new products and implement efficiency initiatives on time and with the results projected; (13) our ability to retain executive officers and key employees and their customer and community relationships; (14) regulatory, litigation, and reputational risks and the applicability of insurance coverage; (15) changes in the reliability of our vendors, internal control systems, or information systems; (16) changes in legislation or regulation and accounting principles, policies, and guidelines; (17) reductions in the market value or outflows of wealth management assets under management; (18) the impacts of tariffs, sanctions, and other trade policies of the United States and its global trading counterparts; and (19) changes in the assumptions used in making such forward-looking statements. Additional factors which could affect the forward-looking statements can be found in the Company's annual report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K filed with the Securities and Exchange Commission (the "SEC") and available on the SEC's website at http://www.sec.gov. The Company believes the forward-looking statements contained herein are reasonable; however, many of such risks, uncertainties, and other factors are beyond the Company's ability to control or predict and undue reliance should not be placed on any forward-looking statements, which are based on current expectations and speak only as of the date that they are made. Therefore, the Company can give no assurance that its future results will be as estimated. The Company does not intend to, and disclaims any obligation to, update or revise any forward-looking statement. NON-GAAP FINANCIAL MEASURES This document contains certain non-GAAP financial measures in addition to results presented in accordance with accounting principles generally accepted in the United States of America ("GAAP"). These non-GAAP measures are intended to provide the reader with additional supplemental perspectives on operating results, performance trends, and financial condition. Non-GAAP financial measures are not a substitute for GAAP measures; they should be read and used in conjunction with the Company's GAAP financial information. Because non-GAAP financial measures presented in this document are not measurements determined in accordance with GAAP and are susceptible to varying calculations, these non-GAAP financial measures, as presented, may not be comparable to other similarly titled measures presented by other companies. A reconciliation of non-GAAP financial measures to GAAP measures is provided below. In all cases, it should be understood that non-GAAP measures do not depict amounts that accrue directly to the benefit of shareholders. An item which management excludes when computing non-GAAP core earnings can be of substantial importance to the Company's results for any particular quarter or year. Each non-GAAP measure used by the Company in this report as supplemental financial data should be considered in conjunction with the Company's GAAP financial information. The Company utilizes the non-GAAP measure of core earnings in evaluating operating trends, including components for core revenue and expense. These measures exclude amounts which the Company views as unrelated to its normalized operations, including gains/losses on securities, premises, equipment and other real estate owned, acquisition costs, restructuring costs, legal settlements, and systems conversion costs. Non-GAAP adjustments are presented net of an adjustment for income tax expense. The Company also calculates core earnings per share based on its measure of core earnings. The Company views these amounts as important to understanding its operating trends, particularly due to the impact of accounting standards related to acquisition activity. Analysts also rely on these measures in estimating and evaluating the Company's performance. Management also believes that the computation of non-GAAP core earnings and core earnings per share may facilitate the comparison of the Company to other companies in the financial services industry. The Company also adjusts certain equity related measures to exclude intangible assets due to the importance of these measures to the investment community. ### CONTACTS Josephine Iannelli; EVP, Chief Financial Officer & Treasurer; (207) 288-3314 BAR HARBOR BANKSHARES SELECTED FINANCIAL HIGHLIGHTS - UNAUDITED BAR HARBOR BANKSHARES CONSOLIDATED BALANCE SHEETS - UNAUDITED BAR HARBOR BANKSHARES CONSOLIDATED LOAN & DEPOSIT ANALYSIS - UNAUDITED LOAN ANALYSIS DEPOSIT ANALYSIS BAR HARBOR BANKSHARES CONSOLIDATED STATEMENTS OF INCOME - UNAUDITED BAR HARBOR BANKSHARES CONSOLIDATED STATEMENTS OF INCOME (5 Quarter Trend) - UNAUDITED BAR HARBOR BANKSHARES AVERAGE YIELDS AND COSTS (Fully Taxable Equivalent (Non-GAAP) - Annualized) - UNAUDITED BAR HARBOR BANKSHARES AVERAGE BALANCES - UNAUDITED BAR HARBOR BANKSHARES ASSET QUALITY ANALYSIS - UNAUDITED BAR HARBOR BANKSHARES RECONCILIATION OF NON-GAAP FINANCIAL MEASURES AND SUPPLEMENTARY DATA - UNAUDITED BAR HARBOR BANKSHARES RECONCILIATION OF NON-GAAP FINANCIAL MEASURES AND SUPPLEMENTARY DATA - UNAUDITED SOURCE: Bar Harbor Bank & Trust View the original press release on ACCESS Newswire

The market expects HBT Financial (HBT) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. This bank holding company is expected to post quarterly earnings of $0.62 per share in its upcoming report, which represents a year-over-year change of +1.6%. Revenues are expected to be $67.05 million, up 15.6% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 17.19% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For HBT Financial, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +1.61%. On the other hand, the stock currently carries a Zacks Rank of #2. So, this combination indicates that HBT Financial will most likely beat the consensus EPS estimate. While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that HBT Financial would post earnings of $0.64 per share when it actually produced earnings of $0.64, delivering no surprise. Over the last four quarters, the company has beaten consensus EPS estimates three times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. HBT Financial appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Among the stocks in the Zacks Banks - Northeast industry, Bar Harbor Bankshares (BHB), is soon expected to post earnings of $0.87 per share for the quarter ended March 2026. This estimate indicates a year-over-year change of +27.9%. This quarter's revenue is expected to be $48.1 million, up 26.9% from the year-ago quarter. Over the last 30 days, the consensus EPS estimate for Bar Harbor has remained unchanged. Nevertheless, the company now has an Earnings ESP of 0.00%, reflecting an equal Most Accurate Estimate. This Earnings ESP, combined with its Zacks Rank #3 (Hold), makes it difficult to conclusively predict that Bar Harbor will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates two times. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report HBT Financial, Inc. (HBT) : Free Stock Analysis Report Bar Harbor Bankshares, Inc. (BHB) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

The market expects Bar Harbor Bankshares (BHB) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. This bank is expected to post quarterly earnings of $0.87 per share in its upcoming report, which represents a year-over-year change of +27.9%. Revenues are expected to be $48.1 million, up 26.9% from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Bar Harbor, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%. On the other hand, the stock currently carries a Zacks Rank of #3. So, this combination makes it difficult to conclusively predict that Bar Harbor will beat the consensus EPS estimate. While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Bar Harbor would post earnings of $0.89 per share when it actually produced earnings of $0.93, delivering a surprise of +4.49%. Over the last four quarters, the company has beaten consensus EPS estimates two times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Bar Harbor doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Bar Harbor Bankshares, Inc. (BHB) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research