BHB

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

BAR HARBOR, ME / ACCESS Newswire / January 22, 2026 / Bar Harbor Bankshares (NYSE American:BHB) (the "Company") reported fourth quarter 2025 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 compared to GAAP net income of $8.9 million or $0.54 per diluted share and core earnings (Non-GAAP) of $15.4 million or $0.95 per diluted share in the third quarter of 2025. FOURTH QUARTER 2025 HIGHLIGHTS (all comparisons to third quarter 2025, unless otherwise noted) 8% annualized fourth quarter growth in commercial loans; 6% annualized year-to-date growth, excluding acquired loans Net interest margin expanded to 3.62% from 3.56% 1.00% return on assets; 1.32% core return on assets (Non-GAAP) 57.24% efficiency ratio Bar Harbor Bankshares' President and Chief Executive Officer, Curtis C. Simard, stated, "We are proud of all our accomplishments in 2025, notably the successful completion and integration of the Woodsville acquisition, but also our commitment to balancing growth with earnings as is evidenced by our strong fourth quarter results. We continue to deliver consistent profitability metrics and a top-tier margin of 3.62% when compared to our peers. Our wealth management team, including brokerage, hit an impressive milestone of $3.5 billion in assets under management. This growth further boosts overall fee income which supports our strong return on assets for the Company. Going into 2026, we are well-positioned for the future as we remain committed to the needs of our customers while delivering value for our shareholders." DIVIDEND DECLARED The Board of Directors of the Company voted to declare a cash dividend of $0.32 per share to shareholders of record at the close of business on February 20, 2026, payable on March 20, 2026. This dividend equates to a 4.12% annualized yield based on the $31.05 closing share price of the Company's common stock on December 31, 2025, the last trading day of the fourth quarter 2025. FINANCIAL CONDITION (Quarter results for December 31, 2025 compared to September 30, 2025) Total assets remained constant at $4.7 billion at the end of the fourth quarter 2025, primarily due to reduced interest-earning deposits with other banks, offset by total loan growth. Total cash and cash equivalents were $80.8 million at the end of the fourth quarter 2025, compared to $136.7 million at the end of the third quarter 2025. Interest-earning deposits with other banks decreased to $35.9 million at the end of the fourth quarter 2025, compared to $94.0 million at the end of the third quarter 2025 and yielded 4.53% and 4.49%, respectively. The decrease in cash balances was driven primarily by the maturity of brokered time deposits within the quarter and loan originations. Available-for-sale debt securities were $597.4 million compared to $597.8 million at the end of the third quarter 2025. Fair value adjustments decreased to $47.5 million at quarter-end compared to $53.0 million at the end of the third quarter 2025. During the quarter we had sales of $2.6 million and paydowns and calls of $26.6 million, partially offset by purchases of $23.3 million of available-for-sale debt securities. We had a had a loss on sale of available-for-sale debt securities of $428 thousand during the fourth quarter 2025, compared to a gain of $41 thousand in the third quarter 2025. The quarter-to-date weighted average yield of the securities portfolio was 4.03% compared to 4.14% at the end of the third quarter 2025 driven by the call of higher-yielding corporate securities as a result of the interest-rate environment. As of fourth and third quarter 2025, our securities portfolio had an average life of 7.1 years and 7.4 years respectively, with an effective duration of 5.2 years and 5.3 years, respectively. At the end of the fourth quarter 2025 all securities remain classified as available for sale. Federal Home Loan Bank ("FHLB") stock increased $2.7 million to $11.3 million at the end of the fourth quarter 2025 compared to $8.6 million at the end of the third quarter 2025 primarily driven by the increase in wholesale borrowings. Total loans increased $22.1 million to $3.6 billion in the fourth quarter 2025 compared to the third quarter 2025 driven primarily by commercial loans which grew 8% on an annualized basis. Commercial real estate loans increased $55.9 million which was partially offset by a decrease in commercial and industrial loans of $11.9 million. Residential real estate loans decreased $23.5 million during the quarter primarily driven by increased prepayment activity. Loans held for sale were $5.3 million in the fourth quarter 2025 compared to $5.5 million in the third quarter 2025. The allowance for credit losses ("ACL") on loans remained stable at $34.1 million at the end of the fourth quarter 2025 compared to $34.0 million at the end of the third quarter 2025. The allowance for credit losses to total loans coverage ratio for the fourth quarter 2025 was in line with the third quarter 2025 at 0.94% versus 0.95%. Changes in the allowance for credit losses were driven by updated modeling assumptions and shifts in portfolio mix. Premises and equipment decreased in the fourth quarter 2025 to $58.2 million compared to $58.8 million at the end of the third quarter 2025 driven by the disposal of assets acquired from Woodsville Guaranty Savings Bank ("Woodsville") resulting in a $370 thousand loss. Total deposits were $3.8 billion at the end of the fourth quarter 2025 compared to $3.9 billion at the end of the third quarter of 2025. The decrease was driven primarily by seasonality, tax payment timing, and $86.0 million in brokered deposit maturities. Total borrowings increased $77.5 million in the fourth quarter 2025 to $269.6 million compared to $192.2 million in the third quarter 2025. The increase was driven by senior borrowings which increased $76.9 million at the end of the fourth quarter 2025 to $216.8 million primarily as the result of reduced brokered deposits and loan growth. The Company's book value per share was $31.88 at the end of the fourth quarter 2025 compared to $31.22 at the end of the third quarter 2025. Tangible book value per share (non-GAAP) was $22.41 at the end of the fourth quarter 2025, compared to $21.70 at the end of the third quarter 2025. RESULTS OF OPERATIONS (Quarter results for December 31, 2025 compared to December 31, 2024) The net interest margin increased to 3.62% in the fourth quarter 2025 compared to 3.17% in the same quarter 2024. As loan balances grew year-over-year the yield on loans expanded by 19 basis points to 5.59% compared to 5.40% in the same period of 2024. Interest-bearing deposit costs decreased year-over-year to 2.01% compared to 2.41% in the same period of 2024. Total interest and dividend income increased by 21% or $9.9 million to $57.4 million in the fourth quarter 2025 compared to $47.5 million in the prior year. Yields on earning assets grew to 5.36% in the fourth quarter 2025 compared to 5.14% in the fourth quarter 2024. The increase is driven by year-over-year loan yield expansion primarily due to the acquisition of $413.4 million in loans from Woodsville. The yield on commercial real estate loans grew to 5.74% in the fourth quarter 2025 from 5.61% in the fourth quarter 2024. The residential loan yield increased to 4.75% for the fourth quarter 2025 from 4.13% in the fourth quarter of 2024. The consumer yield increased to 7.27% for the fourth quarter 2025 from 6.89% in the fourth quarter 2024. Total loan yield growth was partially offset by a decrease in the commercial and industrial yield to 6.34% for the fourth quarter 2025 from 6.62% in the fourth quarter 2024 driven by the decrease in rates of adjustable-rate loans. Total interest expense increased $338 thousand in the fourth quarter 2025 compared to the fourth quarter 2024. Deposit costs were down $127 thousand year-over-year due primarily to the remix in time deposits as brokered deposits decreased $86.0 million compared to the fourth quarter 2024. Borrowing costs increased $465 thousand, or 21% year-over-year, driven by higher senior borrowings and the acquired subordinated debt from Woodsville. The provision for credit losses on loans in the fourth quarter 2025 was $416 thousand compared to a recapture of $147 thousand in the same period of 2024. The provision reflects minimal net charge-offs of $304 thousand while credit quality remains strong. Non-interest income increased $933 thousand in the fourth quarter 2025 to $10.3 million compared to $9.4 million in the same quarter 2024 primarily driven by customer service fees which increased $924 thousand driven by the Woodsville acquisition. Customer derivative income increased $240 thousand year-over-year driven by volume, timing of swaps and the interest rate environment. Trust management fee income increased $275 thousand driven by the 6.4% increase in assets under management compared to the same period of 2024. Non-interest expenses increased $9.9 million to $33.8 million in the fourth quarter 2025 compared to $23.9 million in the fourth quarter 2024 driven by $4.2 million in expenses related to the Woodsville acquisition. Salaries and benefits increased $3.2 million to $16.6 million in the fourth quarter 2025 compared to $13.4 million in the fourth quarter 2024 primarily due to additional salary costs associated with the retained Woodsville personnel. Occupancy and equipment increased $146 thousand driven primarily by higher maintenance contract costs. Amortization of intangibles increased $349 thousand due to the acquisition of Woodsville. Other expenses increased $150 thousand for the fourth quarter 2025 compared to the fourth quarter 2024 primarily due to increases in software expenses. Loss on sale of premises and equipment was $370 thousand in the fourth quarter 2025 driven by the disposal of assets from the Woodsville acquisition. Income tax expense was $3.0 million for the fourth quarter 2025 compared to $2.6 million for the fourth quarter of 2024, respectively. Our GAAP effective tax rate for the fourth quarter 2025 was 20.1% and 18.8% in the fourth quarter 2024 and the effective tax rate on core earnings (Non-GAAP) was 18.2% and 22.9%, 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 inflation, potential 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

Bar Harbor Bankshares (BHB) came out with quarterly earnings of $0.93 per share, beating the Zacks Consensus Estimate of $0.89 per share. This compares to earnings of $0.72 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +4.49%. A quarter ago, it was expected that this bank would post earnings of $0.81 per share when it actually produced earnings of $0.95, delivering a surprise of +17.28%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Bar Harbor, which belongs to the Zacks Banks - Northeast industry, posted revenues of $48.94 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 3.69%. This compares to year-ago revenues of $38.46 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 10.1% since the beginning of the year versus the S&P 500's gain of 0.4%. 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 $0.88 on $47.5 million in revenues for the coming quarter and $3.50 on $190.7 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 33% 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. One other stock from the same industry, Isabella Bank Corporation (ISBA), is yet to report results for the quarter ended December 2025. This company is expected to post quarterly earnings of $0.74 per share in its upcoming report, which represents a year-over-year change of +42.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Isabella Bank Corporation's revenues are expected to be $20.8 million, up 12.3% 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 Isabella Bank Corporation (ISBA) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Bar Harbor Bankshares (BHB) reported forecasted revenue growth of 7.3% per year, trailing the broader US market’s 10.1% expectation. Net profit margins are currently 26.9%, having narrowed from 28.3% last year. Earnings are expected to jump 19.7% annually and outpace the overall US market’s projected 15.5% growth. Despite a share price of $30.29 that sits well below the estimated fair value of $59.01 and a P/E ratio slightly above industry averages, the company continues to deliver high-quality earnings and attractive dividends, prompting a positive outlook for investors focused on sustained profit growth and value opportunities. See our full analysis for Bar Harbor Bankshares. Next up, we’ll see how Bar Harbor Bankshares’ latest results compare to the key narratives shaping market sentiment. This is where the numbers meet the story. Curious how numbers become stories that shape markets? Explore Community Narratives Net profit margins edged down to 26.9% from 28.3% last year, showing some compression even as the bank remains well ahead of many industry peers. Despite the dip in margins, the prevailing market view highlights the company's continued ability to operate efficiently in a tougher environment, with forecasted revenue growth of 7.3% per year, supporting its solid profitability base, and steady margin maintenance reflecting disciplined cost control compared to the pressures faced by other banks. Shares trade at $30.29, nearly half the DCF fair value of $59.01, creating a significant gap that suggests the stock could be meaningfully undervalued by market standards. The prevailing market view notes this wide discount appeals to investors seeking value in regional banking: a P/E ratio of 12.8x is just above sector peers (12.5x) but still lower than broader market multiples, and the current price presents a potential entry point for those willing to look past slower top-line growth. Bar Harbor Bankshares maintains what’s described as an “attractive dividend” in the filings, which stands out against sector volatility and adds another layer of appeal for income-focused investors. According to the prevailing market view, the dependable dividend stream, paired with high-quality earnings, serves as a strong draw for those prioritizing stability: even as revenue growth trails the US market, consistent payouts help offset sector anxiety, and ongoing profit growth reinforces Bar Harbor’s status as a resilient regional player. To see how these trends shape the bigger investment story, check out the balanced perspective in the consensus narrative for Bar Harbor Bankshares. 📊 Read the full Bar Harbor Bankshares Consensus Narrative. Don't just look at this quarter; the real story is in the long-term trend. We've done an in-depth analysis on Bar Harbor Bankshares's growth and its valuation to see if today's price is a bargain. Add the company to your watchlist or portfolio now so you don't miss the next big move. Bar Harbor Bankshares faces slower revenue growth and narrowing margins compared to the wider market. This highlights concerns about consistent long-term expansion. If you value steady upward momentum, focus on companies with a proven track record of consistent results by searching using our stable growth stocks screener (2095 results). This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include BHB. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]