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Form 8-K

sec.gov

8-K — BAR HARBOR BANKSHARES

Accession: 0001104659-26-085415

Filed: 2026-07-21

Period: 2026-07-21

CIK: 0000743367

SIC: 6022 (STATE COMMERCIAL BANKS)

Item: Results of Operations and Financial Condition

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — bhb-20260721x8k.htm (Primary)

EX-99.1 (bhb-20260721xex99d1.htm)

GRAPHIC (bhb-20260721xex99d1001.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: bhb-20260721x8k.htm · Sequence: 1

BAR HARBOR BANKSHARES_July 21, 2026

0000743367false00007433672026-07-212026-07-21

​

​

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

​

​

FORM 8-K

​

​

CURRENT REPORT

​

PURSUANT TO SECTION 13 OR 15(D) OF

THE SECURITIES EXCHANGE ACT OF 1934

​

Date of Report (Date of earliest event reported): July 21, 2026

​

BAR HARBOR BANKSHARES

(Exact Name of Registrant as Specified in its Charter)

​

​

​

​

Maine

001-13349

01-0393663

(State or Other Jurisdiction

of Incorporation)

(Commission File No.)

(I.R.S. Employer

Identification No.)

​

​

​

PO Box 400

​

04609-0400

82 Main Street

​

(Zip Code)

Bar Harbor, Maine

​

​

(Address of Principal Executive Offices)

​

​

​

Registrant’s telephone number, including area code: (207) 288-3314

​

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

​

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

​

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

​

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

​

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

​

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act

​

​

​

​

Title of each class

Trading Symbol

Name of each exchange on which registered

Common Stock, par value $2.00 per share

BHB

NYSE American

​

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

​

Emerging growth company  ☐

​

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

​

​

​

​

Item 2.02 Results of Operations and Financial Condition.

​

On July 21, 2026, Bar Harbor Bankshares issued a press release reporting its financial results for the quarter ended June 30, 2026, the full text of which is furnished as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.

​

​

Item 7.01 Regulation FD Disclosure.

​

On July 21, 2026, Bar Harbor Bankshares announced that its Board of Directors declared a quarterly cash dividend of $0.34 per share to shareholders of record at the close of business on August 20, 2026 and payable on September 18, 2026.

​

​

​

Item 9.01 Financial Statements and Exhibits.

​

(d) Exhibits.

​

​

​

​

Exhibit No.

​ ​ ​

Description

​

​

​

99.1

​

Press Release dated July 21, 2026

104

​

Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document

​

​

​

​

SIGNATURES

​

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

​

​

​

​

​

Bar Harbor Bankshares

​

​

​

July 21, 2026

By:

/s/ Curtis C. Simard

​

​

Curtis C. Simard

​

​

President and CEO

​

​

EX-99.1

EX-99.1

Filename: bhb-20260721xex99d1.htm · Sequence: 2

Exhibit 99.1

Bar Harbor Bankshares Reports Second Quarter 2026 Results; Declares Dividend

​

BAR HARBOR, MAINE – 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 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 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

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BHB - Bar Harbor Bankshares

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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

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$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.

​

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, 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.

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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.

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CONTACTS

​

Josephine Iannelli; EVP, Chief Financial Officer & Treasurer; (207) 288-3314

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TABLE

​

INDEX

CONSOLIDATED FINANCIAL SCHEDULES (UNAUDITED)

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​

​

​

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

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BAR HARBOR BANKSHARES

SELECTED FINANCIAL HIGHLIGHTS - UNAUDITED

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​

​

​

​

​

​

​

​

​

​

​

​

​

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​

​

​

At or for the Quarters Ended

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​ ​ ​

Jun 30,

​ ​ ​

​ ​ ​

Mar 31,

​ ​ ​

Dec 31,

​ ​ ​

Sept 30,

​ ​ ​

Jun 30,

​

​

2026

​

​

2026

​

2025

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2025

​

2025

PER SHARE DATA

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Net earnings, diluted

$

0.91

$

0.81

$

0.70

$

0.54

$

0.40

​

Core earnings, diluted (1)

​

0.92

​

0.88

​

0.93

​

0.95

​

0.70

​

Total book value

​

32.80

​

32.13

​

31.88

​

31.22

​

30.60

​

Tangible book value (1)

​

23.43

​

22.71

​

22.41

​

21.70

​

22.58

​

Market price at period end

​

37.76

​

32.45

​

31.05

​

30.46

​

29.96

​

Dividends

​

0.34

​

0.32

​

0.32

​

0.32

​

0.32

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

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​

PERFORMANCE RATIOS (2)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Return on assets

​

1.31

%

​

1.18

%

​

1.00

%

​

0.78

%

​

0.60

%

Core return on assets (1)

​

1.33

​

1.28

​

1.32

​

1.35

​

1.06

​

Pre-tax, pre-provision return on assets (1)

​

​

1.76

​

​

1.52

​

​

1.29

​

​

1.30

​

​

0.79

​

Core pre-tax, pre-provision return on assets (1)

​

​

1.79

​

​

1.65

​

​

1.71

​

​

1.71

​

​

1.39

​

Return on equity

​

11.16

​

10.13

​

8.76

​

6.99

​

5.21

​

Core return on equity (1)

​

11.30

​

11.03

​

11.55

​

12.16

​

9.19

​

Return on tangible equity (1)

​

​

16.11

​

​

14.77

​

​

12.94

​

​

10.07

​

​

7.26

​

Core return on tangible equity (1)

​

16.31

​

16.03

​

16.91

​

17.23

​

12.66

​

Net interest margin, fully taxable equivalent (1) (3)

​

3.61

​

3.54

​

3.62

​

3.56

​

3.23

​

Efficiency ratio (1)

​

55.76

​

56.92

​

57.24

​

56.70

​

62.10

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

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FINANCIAL DATA (In millions)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total assets

$

4,743

$

4,676

$

4,684

$

4,717

$

4,112

​

Total earning assets (4)

​

4,343

​

4,297

​

4,297

​

4,336

​

3,789

​

Total available-for-sale debt securities

​

602

​

598

​

597

​

598

​

529

​

Total loans

​

3,614

​

3,585

​

3,606

​

3,584

​

3,153

​

Allowance for credit losses

​

32

​

34

​

34

​

34

​

29

​

Total goodwill and intangible assets

​

157

​

158

​

158

​

159

​

123

​

Total deposits

​

3,854

​

3,868

​

3,821

​

3,948

​

3,292

​

Total shareholders' equity

​

550

​

538

​

533

​

521

​

469

​

Net income

​

15

​

14

​

12

​

9

​

6

​

Core earnings (1)

​

15

​

15

​

16

​

15

​

11

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

ASSET QUALITY AND CONDITION RATIOS

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Net charge-offs (recoveries)(5)/average loans

​

0.38

%

​

—

%

​

0.03

%

​

0.04

%

​

0.03

%

Allowance for credit losses on loans/total loans

​

0.89

​

0.96

​

0.94

​

0.95

​

0.92

​

Loans/deposits

​

94

​

93

​

94

​

91

​

96

​

Shareholders' equity to total assets

​

11.59

​

11.50

​

11.37

​

11.04

​

11.40

​

Tangible shareholders' equity to tangible assets

​

8.56

​

8.42

​

8.27

​

7.94

​

8.67

​

(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.

​

​

A

BAR HARBOR BANKSHARES

CONSOLIDATED BALANCE SHEETS - UNAUDITED

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​ ​ ​

Jun 30,

​ ​ ​

Mar 31,

​ ​ ​

Dec 31,

​ ​ ​

Sept 30,

​ ​ ​

Jun 30,

(in thousands)

​

2026

​

2026

​

2025

​

2025

​

2025

Assets

​

​

​

​

​

​

​

​

​

​

Cash and due from banks

​

$

46,270

​

$

35,595

​

$

44,947

​

$

42,743

​

$

50,948

Interest-earning deposits with other banks

​

58,118

​

46,620

​

35,890

​

93,971

​

36,087

Total cash and cash equivalents

​

104,388

​

82,215

​

80,837

​

136,714

​

87,035

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Available-for-sale debt securities

​

601,772

​

597,977

​

597,424

​

597,810

​

528,690

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Federal Home Loan Bank stock

​

13,423

​

9,567

​

11,308

​

8,560

​

12,695

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Loans held for sale

​

​

10,203

​

​

11,534

​

​

5,283

​

​

5,545

​

​

2,829

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total loans

​

3,614,180

​

3,585,248

​

3,605,859

​

3,583,716

​

3,152,664

Less: Allowance for credit losses on loans

​

(32,231)

​

(34,315)

​

(34,052)

​

(33,940)

​

(28,885)

Net loans

​

3,581,949

​

3,550,933

​

3,571,807

​

3,549,776

​

3,123,779

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Premises and equipment, net

​

61,170

​

58,914

​

58,188

​

58,828

​

52,647

Other real estate owned

​

8,170

​

—

​

—

​

—

​

—

Goodwill

​

141,819

​

141,819

​

141,819

​

141,819

​

119,477

Other intangible assets

​

15,242

​

15,824

​

16,407

​

16,989

​

3,472

Cash surrender value of bank-owned life insurance

​

88,728

​

89,817

​

96,250

​

95,554

​

83,074

Deferred tax asset, net

​

28,859

​

30,298

​

29,926

​

31,721

​

23,290

Other assets

​

86,779

​

87,330

​

74,642

​

73,936

​

75,017

Total assets

​

$

4,742,502

​

$

4,676,228

​

$

4,683,891

​

$

4,717,252

​

$

4,112,005

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Liabilities and shareholders' equity

​

​

​

​

​

​

​

​

​

​

Non-interest bearing demand

​

$

678,081

​

$

651,282

​

$

670,786

​

$

692,780

​

$

552,074

Interest-bearing demand

​

1,141,043

​

1,152,888

​

1,137,730

​

1,137,362

​

931,854

Savings

​

635,316

​

649,302

​

635,329

​

647,428

​

542,579

Money market

​

481,815

​

493,432

​

464,843

​

488,633

​

370,709

Time

​

917,694

​

920,811

​

912,594

​

981,993

​

894,772

Total deposits

​

3,853,949

​

3,867,715

​

3,821,282

​

3,948,196

​

3,291,988

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Senior borrowings

​

227,541

​

162,297

​

216,818

​

139,956

​

256,441

Subordinated borrowings

​

53,620

​

53,420

​

52,825

​

52,229

​

40,620

Total borrowings

​

281,161

​

215,717

​

269,643

​

192,185

​

297,061

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Other liabilities

​

57,840

​

54,859

​

60,425

​

55,916

​

54,096

Total liabilities

​

4,192,950

​

4,138,291

​

4,151,350

​

4,196,297

​

3,643,145

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total shareholders’ equity

​

549,552

​

537,937

​

532,541

​

520,955

​

468,860

Total liabilities and shareholders’ equity

​

$

4,742,502

​

$

4,676,228

​

$

4,683,891

​

$

4,717,252

​

$

4,112,005

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Net shares outstanding

​

16,754

​

16,742

​

16,702

​

16,689

​

15,322

​

​

​

B

BAR HARBOR BANKSHARES

CONSOLIDATED LOAN & DEPOSIT ANALYSIS - UNAUDITED

​

LOAN ANALYSIS

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Organic Annualized

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Growth %

​

​ ​ ​

Jun 30,

​

Mar 31,

​ ​ ​

Dec 31,

​

Sept 30,

​ ​ ​

Acquired WGSB

​ ​ ​

Jun 30,

​ ​ ​

Quarter

​

Year

(in thousands)

​

2026

​

2026

​

2025

​

2025

​

Balances (1)

​

2025

​

to Date

​

to Date

Commercial real estate

​

$

1,988,695

​

$

1,968,403

​

$

1,998,603

​

$

1,942,659

​

$

117,832

​

$

1,767,206

4

​

​

(1)

%

Commercial and industrial

​

433,371

​

417,657

​

393,851

​

405,759

​

25,651

​

400,908

15

​

20

​

Total commercial loans

​

2,422,066

​

2,386,060

​

2,392,454

​

2,348,418

​

143,483

​

2,168,114

6

​

2

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Residential real estate

​

983,274

​

993,636

​

1,001,769

​

1,025,266

​

248,484

​

796,184

(4)

​

(4)

​

Consumer

​

132,570

​

127,681

​

128,029

​

126,345

​

16,215

​

111,036

15

​

7

​

Tax exempt and other

​

76,270

​

77,871

​

83,607

​

83,687

​

5,226

​

77,330

(8)

​

(18)

​

Total loans

​

$

3,614,180

​

$

3,585,248

​

$

3,605,859

​

$

3,583,716

​

$

413,408

​

$

3,152,664

3

%

​

—

%

​

1. Acquired Woodsville Guaranty Savings Bank (WGSB) Balances are as of August 1, 2025.

​

DEPOSIT ANALYSIS

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Organic Annualized

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Growth %

​

​ ​ ​

Jun 30,

​

Mar 31,

​ ​ ​

Dec 31,

​

Sept 30,

​ ​ ​

Acquired WGSB

​ ​ ​

Jun 30,

​ ​ ​

Quarter

​

Year

(in thousands)

​

2026

​

2026

​

2025

​

2025

​

Balances (1)

​

2025

​

to Date

​

to Date

Non-interest bearing demand

​

$

678,081

​

$

651,282

​

$

670,786

​

$

692,780

​

$

89,274

​

$

552,074

16

%

​

2

%

Interest-bearing demand

​

1,141,043

​

1,152,888

​

1,137,730

​

1,137,362

​

185,802

​

931,854

(4)

​

1

​

Savings

​

635,316

​

649,302

​

635,329

​

647,428

​

104,792

​

542,579

(9)

​

—

​

Money market

​

481,815

​

493,432

​

464,843

​

488,633

​

52,470

​

370,709

(9)

​

7

​

Total non-maturity deposits

​

2,936,255

​

2,946,904

​

2,908,688

​

2,966,203

​

432,338

​

2,397,216

(1)

​

2

​

Time

​

917,694

​

920,811

​

912,594

​

981,993

​

98,951

​

894,772

(1)

​

1

​

Total deposits

​

$

3,853,949

​

$

3,867,715

​

$

3,821,282

​

$

3,948,196

​

$

531,289

​

$

3,291,988

(1)

%

​

2

%

​

​

1. Acquired Woodsville Guaranty Savings Bank (WGSB) Balances are as of August 1, 2025.

​

​

​

​

​

​

​

​

​

​

C

BAR HARBOR BANKSHARES

CONSOLIDATED STATEMENTS OF INCOME – UNAUDITED

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended

​

Six Months Ended

​

​

June 30,

​

June 30,

(in thousands, except per share data)

​ ​ ​

2026

​ ​ ​

2025

​ ​ ​

2026

​ ​ ​

2025

Interest and dividend income

​

​

​

​

​

​

​

​

Loans

​

$

49,151

​

$

42,726

​

$

97,809

​

$

84,530

Securities available for sale

​

6,319

​

5,474

​

12,523

​

10,757

Federal Home Loan Bank stock

​

​

183

​

212

​

​

338

​

​

349

Interest-earning deposits with other banks

​

​

253

​

​

276

​

​

486

​

​

590

Total interest and dividend income

​

55,906

​

48,688

​

111,156

​

96,226

Interest expense

​

​

​

​

​

​

​

​

Deposits

​

14,638

​

15,511

​

29,527

​

31,023

Borrowings

​

3,349

​

3,282

​

6,838

​

6,301

Total interest expense

​

17,987

​

18,793

​

36,365

​

37,324

Net interest income

​

37,919

​

29,895

​

74,791

​

58,902

Provision for credit losses on available-for-sale debt securities

​

​

—

​

​

—

​

​

—

​

​

636

Provision for credit losses on loans

​

1,250

​

528

​

1,555

​

471

Net interest income after provision for credit losses

​

36,669

​

29,367

​

73,236

​

57,795

Non-interest income

​

​

​

​

​

​

​

​

Trust and investment management fee income

​

4,577

​

4,263

​

8,692

​

8,179

Customer service fees

​

4,715

​

3,589

​

8,817

​

7,114

(Loss) gain on available-for-sale debt securities, net

​

(25)

​

(4,942)

​

(1,033)

​

(4,942)

Mortgage banking income

​

​

741

​

​

605

​

​

1,423

​

​

1,061

Bank-owned life insurance income

​

1,417

​

602

​

3,404

​

1,216

Customer derivative income

​

76

​

104

​

405

​

316

Other income

​

231

​

425

​

438

​

620

Total non-interest income

​

11,732

​

4,646

​

22,146

​

13,564

Non-interest expense

​

​

​

​

​

​

​

​

Salaries and employee benefits

​

16,833

​

14,274

​

32,606

​

28,007

Occupancy and equipment

​

4,292

​

3,546

​

8,328

​

6,871

Depreciation

​

​

1,088

​

​

1,023

​

​

2,222

​

​

2,072

Loss (gain) on premises and equipment, net

​

—

​

3

​

134

​

93

Outside services

​

528

​

457

​

992

​

939

Professional services

​

388

​

514

​

737

​

1,106

Communication

​

211

​

194

​

459

​

360

Marketing

​

570

​

682

​

1,175

​

1,200

Amortization of intangible assets

​

582

​

233

​

1,164

​

466

FDIC assessment

​

​

537

​

​

464

​

​

1,114

​

​

920

Acquisition, conversion and other expenses

​

(36)

​

1,205

​

1,419

​

1,444

Provision for unfunded commitments

​

​

(650)

​

—

​

(876)

​

(74)

Other expenses

​

4,839

​

3,943

​

9,535

​

7,785

Total non-interest expense

​

29,182

​

26,538

​

59,009

​

51,189

Income before income taxes

​

19,219

​

7,475

​

36,373

​

20,170

Income tax expense

​

3,998

​

1,383

​

7,615

​

3,867

Net income

​

$

15,221

​

$

6,092

​

$

28,758

​

$

16,303

Earnings per share:

​

​

​

​

​

​

​

​

Basic

​

$

0.91

​

$

0.40

​

$

1.72

​

$

1.06

Diluted

​

0.91

​

0.40

​

1.71

​

1.06

Weighted average shares outstanding:

​

​

​

​

​

​

​

​

Basic

​

16,751

​

15,321

​

16,740

​

15,312

Diluted

​

16,808

​

15,372

​

16,806

​

15,382

​

​

D

BAR HARBOR BANKSHARES

CONSOLIDATED STATEMENTS OF INCOME (5 Quarter Trend) - UNAUDITED

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​ ​ ​

Jun 30,

​ ​ ​

Mar 31,

​ ​ ​

Dec 31,

​ ​ ​

Sept 30,

​ ​ ​

Jun 30,

(in thousands, except per share data)

​

2026

​

2026

​

2025

​

2025

​

2025

Interest and dividend income

​

​

​

​

​

​

​

​

​

​

Loans

​

$

49,151

​

$

48,658

​

$

50,164

​

$

48,426

​

$

42,726

Securities and other

​

6,319

​

​

6,204

​

​

6,327

​

​

6,355

​

​

5,474

Federal Home Loan Bank stock

​

183

​

​

155

​

​

235

​

​

217

​

​

212

Interest-earning deposits with other banks

​

​

253

​

​

233

​

​

645

​

​

924

​

​

276

Total interest and dividend income

​

55,906

​

​

55,250

​

​

57,371

​

​

55,922

​

​

48,688

Interest expense

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Deposits

​

14,638

​

​

14,889

​

​

16,083

​

​

16,419

​

​

15,511

Borrowings

​

3,349

​

​

3,489

​

​

2,671

​

​

2,544

​

​

3,282

Total interest expense

​

17,987

​

​

18,378

​

​

18,754

​

​

18,963

​

​

18,793

Net interest income

​

37,919

​

​

36,872

​

​

38,617

​

​

36,959

​

​

29,895

Provision for credit losses on available-for-sale debt securities

​

​

—

​

​

—

​

​

—

​

​

—

​

​

—

Provision (benefit) for credit losses on loans

​

1,250

​

​

305

​

​

416

​

​

3,749

​

​

528

Net interest income after provision for credit losses

​

36,669

​

​

36,567

​

​

38,201

​

​

33,210

​

​

29,367

Non-interest income

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Trust and investment management fee income

​

4,577

​

​

4,115

​

​

3,984

​

​

3,903

​

​

4,263

Customer service fees

​

4,715

​

​

4,102

​

​

4,528

​

​

4,311

​

​

3,589

(Loss) gain on available-for-sale debt securities, net (1)

​

(25)

​

​

(1,008)

​

​

(428)

​

​

41

​

​

(4,942)

Mortgage banking income

​

​

741

​

​

682

​

​

485

​

​

423

​

​

605

Bank-owned life insurance income

​

1,417

​

​

1,987

​

​

695

​

​

665

​

​

602

Customer derivative income

​

76

​

​

329

​

​

735

​

​

962

​

​

104

Other income

​

231

​

​

207

​

​

326

​

​

262

​

​

425

Total non-interest income

​

11,732

​

​

10,414

​

​

10,325

​

​

10,567

​

​

4,646

Non-interest expense

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Salaries and employee benefits

​

16,833

​

​

15,773

​

​

16,588

​

​

15,939

​

​

14,274

Occupancy and equipment

​

4,292

​

​

4,036

​

​

3,780

​

​

3,879

​

​

3,546

Depreciation

​

​

1,088

​

​

1,134

​

​

1,153

​

​

1,078

​

​

1,023

Loss (gain) on premises and equipment, net

​

—

​

​

134

​

​

370

​

​

(206)

​

​

3

Outside services

​

528

​

​

464

​

​

564

​

​

514

​

​

457

Professional services

​

388

​

​

349

​

​

407

​

​

296

​

​

514

Communication

​

211

​

​

248

​

​

271

​

​

246

​

​

194

Marketing

​

570

​

​

605

​

​

181

​

​

655

​

​

682

Amortization of intangible assets

​

582

​

​

582

​

​

582

​

​

466

​

​

233

FDIC assessment

​

​

537

​

​

577

​

​

539

​

​

462

​

​

464

Acquisition, conversion and other expenses

​

(36)

​

​

1,455

​

​

4,170

​

​

4,978

​

​

1,205

Provision for unfunded commitments

​

​

(650)

​

​

(226)

​

​

725

​

​

145

​

​

—

Other expenses

​

4,839

​

​

4,696

​

​

4,469

​

​

4,287

​

​

3,943

Total non-interest expense

​

29,182

​

29,827

​

33,799

​

32,739

​

26,538

Income before income taxes

​

19,219

​

17,154

​

14,727

​

11,038

​

7,475

Income tax expense

​

3,998

​

​

3,617

​

​

2,966

​

​

2,183

​

​

1,383

Net income

​

$

15,221

​

$

13,537

​

$

11,761

​

$

8,855

​

$

6,092

Earnings per share:

​

​

​

​

​

​

​

​

​

​

Basic

​

$

0.91

​

$

0.81

​

$

0.70

​

$

0.55

​

$

0.40

Diluted

​

0.91

​

0.81

​

0.70

​

0.54

​

0.40

Weighted average shares outstanding:

​

​

​

​

​

​

​

​

​

​

Basic

​

16,751

​

​

16,728

​

​

16,696

​

​

16,231

​

​

15,321

Diluted

​

16,808

​

​

16,804

​

​

16,757

​

​

16,284

​

​

15,372

​

(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.

E

BAR HARBOR BANKSHARES

AVERAGE YIELDS AND COSTS (Fully Taxable Equivalent (Non-GAAP) - Annualized) - UNAUDITED

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Quarters Ended

​

​ ​ ​

Jun 30,

​ ​ ​

Mar 31,

​ ​ ​

Dec 31,

​ ​ ​

Sept 30,

​ ​ ​

Jun 30,

​

​

2026

​

2026

​

2025

​

2025

​

2025

Earning assets

​

​

​

​

​

​

​

​

​

​

​

Interest-earning deposits with other banks

​

3.92

%

3.90

%

4.53

%

4.49

%

4.68

%

Available-for-sale debt securities

​

4.06

​

4.05

​

4.03

​

4.14

​

3.86

​

Federal Home Loan Bank stock

​

6.33

​

5.68

​

10.72

​

7.71

​

7.20

​

Loans:

​

​

​

​

​

​

​

​

​

​

​

Commercial real estate

5.72

​

5.68

​

5.74

​

5.88

​

5.76

​

Commercial and industrial

6.17

6.13

6.34

6.45

6.41

​

Residential real estate

4.62

4.64

4.75

4.42

4.14

​

Consumer

7.05

6.90

7.27

7.23

6.98

​

Total loans

5.52

5.50

5.59

5.60

5.48

​

Total earning assets

5.29

%

5.27

%

5.36

%

5.36

%

5.23

%

​

​

​

​

​

​

​

​

​

​

​

​

Funding liabilities

​

​

​

​

​

​

​

​

​

​

​

Deposits:

​

​

​

​

​

​

​

​

​

​

​

Interest-bearing demand

1.32

%

1.30

%

1.39

%

1.42

%

1.44

%

Savings

0.50

0.56

0.54

0.64

0.71

​

Money market

2.33

2.28

2.43

2.59

2.75

​

Time

3.32

3.41

3.53

3.64

3.91

​

Total interest-bearing deposits

1.88

1.91

2.01

2.12

2.28

​

Borrowings

5.05

5.62

5.43

4.04

4.85

​

Total interest-bearing liabilities

2.13

%

2.19

%

2.20

%

2.27

%

2.51

%

​

​

​

​

​

​

​

​

​

​

​

​

Net interest spread

3.16

3.08

3.16

3.09

2.72

​

Net interest margin, fully taxable equivalent(1)

3.61

3.54

3.62

3.56

3.23

​

​

​

(1) Non-GAAP financial measure. Refer to the Reconciliation of Non-GAAP Financial Measures in tables I-J for additional information.

​

F

BAR HARBOR BANKSHARES

AVERAGE BALANCES - UNAUDITED

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Quarters Ended

​

​

Jun 30,

​

Mar 31,

​

Dec 31,

​

Sept 30,

​

Jun 30,

(in thousands)

​

2026

​

2026

​

2025

​

2025

​

2025

Assets

​ ​ ​

​

​

​ ​ ​

​

​

​ ​ ​

​

​

​ ​ ​

​

​

​ ​ ​

​

​

Interest-earning deposits with other banks (1)

​

$

25,896

​

$

24,230

​

$

56,502

​

$

81,709

​

$

23,643

Available-for-sale debt securities (2)

​

​

647,755

​

​

643,647

​

​

644,929

​

​

631,572

​

​

591,462

Federal Home Loan Bank stock

​

​

11,592

​

​

11,062

​

​

8,696

​

​

11,168

​

​

11,804

Loans:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Commercial real estate

​

​

1,975,080

​

​

2,001,851

​

​

1,954,841

​

​

1,887,267

​

​

1,766,720

Commercial and industrial

​

492,195

​

486,295

​

480,529

​

483,380

​

469,816

Residential real estate

​

993,933

​

998,862

​

1,021,309

​

963,311

​

804,469

Consumer

​

130,890

​

127,693

​

126,953

​

120,941

​

109,023

Total loans (3)

​

3,592,098

​

3,614,701

​

3,583,632

​

3,454,899

​

3,150,028

Total earning assets

​

4,277,341

​

4,293,640

​

4,293,759

​

4,179,348

​

3,776,937

Cash and due from banks

​

37,089

​

36,278

​

40,291

​

38,709

​

29,861

Allowance for credit losses

​

(33,242)

​

(34,195)

​

(33,905)

​

(31,246)

​

(28,786)

Goodwill and other intangible assets

​

157,345

​

157,921

​

158,507

​

139,822

​

123,062

Other assets

​

215,460

​

215,852

​

211,317

​

191,446

​

169,540

Total assets

​

$

4,653,993

​

$

4,669,496

​

$

4,669,969

​

$

4,518,079

​

$

4,070,614

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Liabilities and shareholders' equity

​

​

​

​

​

​

​

​

​

​

Deposits:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Interest-bearing demand

​

$

1,119,195

​

$

1,121,021

​

$

1,127,456

​

$

1,059,214

​

$

906,557

Savings

​

640,852

​

642,717

​

640,577

​

617,314

​

545,304

Money market

​

463,296

​

469,496

​

473,574

​

432,952

​

392,034

Time

​

902,363

​

922,180

​

939,353

​

961,054

​

883,491

Total interest-bearing deposits

​

3,125,706

​

3,155,414

​

3,180,960

​

3,070,534

​

2,727,386

Borrowings

​

265,929

​

251,985

​

195,139

​

250,110

​

271,410

Total interest-bearing liabilities

​

3,391,635

​

3,407,399

​

3,376,099

​

3,320,644

​

2,998,796

Non-interest bearing demand deposits

​

657,470

​

659,506

​

705,245

​

647,981

​

545,308

Other liabilities

​

57,702

​

60,814

​

56,025

​

46,962

​

57,268

Total liabilities

​

4,106,807

​

4,127,719

​

4,137,369

​

4,015,587

​

3,601,372

Total shareholders' equity

​

547,186

​

541,777

​

532,600

​

502,492

​

469,242

Total liabilities and shareholders' equity

​

$

4,653,993

​

$

4,669,496

​

$

4,669,969

​

$

4,518,079

​

$

4,070,614

(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.

​

​

G

BAR HARBOR BANKSHARES

ASSET QUALITY ANALYSIS - UNAUDITED

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

At or for the Quarters Ended

​

​

​ ​ ​

Jun 30,

​ ​ ​

Mar 31,

​ ​ ​

Dec 31,

​ ​ ​

Sept 30,

​ ​ ​

Jun 30,

(in thousands)

​

2026

​

2026

​

2025

​

2025

​

2025

NON-PERFORMING ASSETS

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Non-accruing loans:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Commercial real estate

$

902

$

12,620

$

1,497

$

697

$

1,033

​

Commercial and industrial

​

1,003

​

1,139

​

1,113

​

1,221

​

1,344

​

Residential real estate

​

8,314

​

8,206

​

7,719

​

6,541

​

6,411

​

Consumer

​

1,199

​

1,176

​

1,265

​

1,051

​

944

​

Total non-accruing loans

​

11,418

​

23,141

​

11,594

​

9,510

​

9,732

​

Non-performing available-for-sale debt securities

​

​

1,329

​

​

1,329

​

​

2,203

​

​

2,203

​

​

2,403

​

Other real estate owned

​

8,170

​

—

​

—

​

—

​

—

​

Total non-performing assets

$

20,917

$

24,470

$

13,797

$

11,713

$

12,135

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total non-accruing loans/total loans

​

0.32

%

​

0.65

%

​

0.32

%

​

0.27

%

​

0.31

%

Total non-performing assets/total assets

​

0.44

​

0.52

​

0.29

​

0.25

​

0.30

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

PROVISION AND ALLOWANCE FOR CREDIT LOSSES ON LOANS

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Balance at beginning of period

$

34,315

$

34,052

$

33,940

$

28,885

$

28,614

​

Charged-off loans

​

(3,463)

​

(97)

​

(318)

​

(353)

​

(266)

​

Recoveries on charged-off loans

​

57

​

55

​

14

​

37

​

9

​

Net loans (charged-off) recovered

​

(3,406)

​

(42)

​

(304)

​

(316)

​

(257)

​

ACL established on PCD loans

​

​

—

​

​

—

​

​

—

​

​

1,622

​

​

—

​

ACL established on purchased seasoned loans

​

​

72

​

​

—

​

​

—

​

​

—

​

​

—

​

Provision for credit losses on loans

​

1,250

​

305

​

416

​

3,749

​

528

​

Balance at end of period

$

32,231

$

34,315

$

34,052

$

33,940

$

28,885

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Allowance for credit losses/total loans

​

0.89

%

​

0.96

%

​

0.94

%

​

0.95

%

​

0.92

%

Allowance for credit losses/non-accruing loans

​

282

​

148

​

294

​

357

​

297

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

NET LOAN (CHARGE-OFFS) RECOVERIES

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Commercial real estate

$

(3,283)

$

—

$

—

$

(224)

$

—

​

Commercial and industrial

​

(15)

​

35

​

(256)

​

18

​

(204)

​

Residential real estate

​

(21)

​

8

​

8

​

(112)

​

6

​

Consumer

​

(87)

​

(85)

​

(56)

​

2

​

(59)

​

Total, net

$

(3,406)

$

(42)

$

(304)

$

(316)

$

(257)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Net charge-offs (recoveries) (QTD annualized)/average loans

​

0.38

%

​

—

%

​

0.03

%

​

0.04

%

​

0.03

%

Net charge-offs (recoveries) (YTD annualized)/average loans

​

0.19

​

—

​

0.03

​

0.02

​

0.02

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

PROVISION AND ALLOWANCE FOR CREDIT LOSSES ON AVAILABLE-FOR-SALE DEBT SECURITIES

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Balance at beginning of period

$

—

$

—

$

—

$

—

$

1,204

​

Charged-off interest receivable on available-for-sale debt securities

​

—

​

—

​

—

​

—

​

—

​

Provision for credit losses on available-for-sale debt securities

​

—

​

—

​

—

​

—

​

—

​

Charged-off previously provisioned allowance for credit loss

​

​

—

​

​

—

​

​

—

​

​

—

​

​

(1,204)

​

Balance at end of period

$

—

$

—

$

—

$

—

$

—

​

​

​

​

​

​

​

H

BAR HARBOR BANKSHARES

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES AND SUPPLEMENTARY DATA – UNAUDITED

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

At or for the Quarters Ended

​

​ ​ ​

​

​ ​ ​

Jun 30,

​ ​ ​

Mar 31,

​ ​ ​

Dec 31,

​ ​ ​

Sept 30,

​ ​ ​

Jun 30,

(in thousands)

​

​ ​ ​

​

2026

​

2026

​

2025

​

2025

​

2025

Net income

​

(R)

​

$

15,221

​

$

13,537

​

$

11,761

​

$

8,855

​

$

6,092

Non-core items:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Loss (gain) on available-for-sale debt securities, net (6)

​

​

​

25

​

—

​

428

​

(41)

​

4,942

Loss (gain) on premises and equipment, net

​

​

​

—

​

134

​

370

​

(206)

​

3

(Gain) loss and other expenses on other real estate owned

​

​

​

273

​

—

​

—

​

—

​

—

Provision on non-PCD acquired loans

​

​

​

​

—

​

​

—

​

​

—

​

​

3,954

​

​

—

Acquisition, conversion and other expenses

​

​

​

(36)

​

1,455

​

4,170

​

4,978

​

1,205

Income tax expense (1)

​

​

​

(65)

​

(392)

​

(1,225)

​

(2,141)

​

(1,492)

Total non-core items (2)

​

​

​

​

197

​

​

1,197

​

​

3,743

​

​

6,544

​

​

4,658

Core earnings (2)

(A)

​

$

15,418

​

$

14,734

​

$

15,504

​

$

15,399

​

$

10,750

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Net interest income

(B)

​

$

37,919

​

$

36,872

​

$

38,617

​

$

36,959

​

$

29,895

Non-interest income

​

​

​

11,732

​

10,414

​

10,325

​

10,567

​

4,646

Total revenue

​

​

​

49,651

​

47,286

​

48,942

​

47,526

​

34,541

Loss (gain) on available-for-sale debt securities, net (6)

​

​

​

25

​

—

​

428

​

(41)

​

4,942

Total core revenue (2)

(C)

​

$

49,676

​

$

47,286

​

$

49,370

​

$

47,485

​

$

39,483

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total non-interest expense

​

​

​

29,182

​

29,827

​

33,799

​

32,739

​

26,538

Non-core expenses:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

(Loss) gain on premises and equipment, net

​

​

​

—

​

(134)

​

(370)

​

206

​

(3)

Gain (loss) and other expenses on other real estate owned

​

​

​

(273)

​

—

​

—

​

—

​

—

Acquisition, conversion and other expenses

​

​

​

36

​

(1,455)

​

(4,170)

​

(4,978)

​

(1,205)

Total non-core expenses (2)

​

​

​

​

(237)

​

​

(1,589)

​

​

(4,540)

​

​

(4,772)

​

​

(1,208)

Core non-interest expense (2)

(D)

​

$

28,945

​

$

28,238

​

$

29,259

​

$

27,967

​

$

25,330

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total revenue

​

​

​

​

49,651

​

​

47,286

​

​

48,942

​

​

47,526

​

​

34,541

Total non-interest expense

​

​

​

​

29,182

​

​

29,827

​

​

33,799

​

​

32,739

​

​

26,538

Pre-tax, pre-provision net revenue(2)

​

(S)

​

$

20,469

​

$

17,459

​

$

15,143

​

$

14,787

​

$

8,003

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Core revenue(2)

​

​

​

​

49,676

​

​

47,286

​

​

49,370

​

​

47,485

​

​

39,483

Core non-interest expense(2)

​

​

​

​

28,945

​

​

28,238

​

​

29,259

​

​

27,967

​

​

25,330

Core pre-tax, pre-provision net revenue(2)

​

(U)

​

$

20,731

​

$

19,048

​

$

20,111

​

$

19,518

​

$

14,153

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

(in millions)

​

​

​

​

​

​

​

​

​

​

​

​

Average earning assets

(E)

​

$

4,277

​

$

4,294

​

$

4,294

​

$

4,179

​

$

3,777

Average assets

(F)

​

4,654

​

4,669

​

4,670

​

4,518

​

4,071

Average shareholders' equity

(G)

​

547

​

542

​

533

​

502

​

469

Average tangible shareholders' equity (2) (3)

(H)

​

390

​

384

​

374

​

360

​

346

Tangible shareholders' equity, period-end (2) (3)

(I)

​

392

​

380

​

374

​

362

​

346

Tangible assets, period-end (2) (3)

(J)

​

4,585

​

4,519

​

4,526

​

4,563

​

3,989

​

​

I

BAR HARBOR BANKSHARES

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES AND SUPPLEMENTARY DATA – UNAUDITED

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

At or for the Quarters Ended

​

​ ​ ​

​ ​ ​

​ ​ ​

Jun 30,

​ ​ ​

Mar 31,

​ ​ ​

Dec 31,

​ ​ ​

Sept 30,

​ ​ ​

Jun 30,

(in thousands)

​

​

​

2026

​

2026

​

2025

​

2025

​

2025

Common shares outstanding, period-end

(K)

​

16,754

​

16,742

​

16,702

​

16,689

​

15,322

​

Average diluted shares outstanding

(L)

​

16,808

​

16,804

​

16,757

​

16,284

​

15,372

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Core earnings per share, diluted (2)

(A/L)

​

$

0.92

​

$

0.88

​

$

0.93

​

$

0.95

​

$

0.70

​

Tangible book value per share, period-end (2)

(I/K)

​

23.43

​

22.71

​

22.41

​

21.70

​

22.58

​

Tangible shareholders' equity/total tangible assets (2)

(I/J)

​

8.56

​

8.42

​

8.27

​

7.94

​

8.67

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Performance ratios (4)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

GAAP return on assets

​

​

​

1.31

%

​

1.18

%

​

1.00

%

​

0.78

%

​

0.60

%

Core return on assets (2)

(A/F)

​

1.33

​

1.28

​

1.32

​

1.35

​

1.06

​

Pre-tax, pre-provision return on assets(2)

​

(S/F)

​

​

1.76

​

​

1.52

​

​

1.29

​

​

1.30

​

​

0.79

​

Core pre-tax, pre-provision return on assets (2)

​

(U/F)

​

​

1.79

​

​

1.65

​

​

1.71

​

​

1.71

​

​

1.39

​

GAAP return on equity

​

​

​

11.16

​

10.13

​

8.76

​

6.99

​

5.21

​

Core return on equity (2)

(A/G)

​

11.30

​

11.03

​

11.55

​

12.16

​

9.19

​

Return on tangible equity (1) (2)

​

(R+Q)/H

​

​

16.11

​

​

14.77

​

​

12.94

​

​

10.07

​

​

7.26

​

Core return on tangible equity (1) (2)

(A+Q)/H

​

16.31

​

16.03

​

16.91

​

17.23

​

12.66

​

Efficiency ratio (2) (5)

(D-O-Q)/(C+N)

​

55.76

​

56.92

​

57.24

​

56.70

​

62.10

​

Net interest margin, fully taxable equivalent (2)

(B+P)/E

​

3.61

​

3.54

​

3.62

​

3.56

​

3.23

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Supplementary data (in thousands)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Taxable equivalent adjustment for efficiency ratio

(N)

​

$

905

​

$

1,044

​

$

766

​

$

738

​

$

706

​

Franchise taxes included in non-interest expense

(O)

​

159

​

146

​

(22)

​

158

​

141

​

Tax equivalent adjustment for net interest margin

(P)

​

556

​

554

​

595

​

574

​

560

​

Intangible amortization

(Q)

​

582

​

582

​

582

​

466

​

233

​

​

(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.

J

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Document and Entity Information

Jul. 21, 2026

Document and Entity Information [Abstract]

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Document Period End Date

Jul. 21, 2026

Entity File Number

001-13349

Entity Registrant Name

BAR HARBOR BANKSHARES

Entity Incorporation, State or Country Code

ME

Entity Tax Identification Number

01-0393663

Entity Address, Address Line One

PO Box 400

Entity Address, Adress Line Two

82 Main Street

Entity Address, State or Province

ME

Entity Address, City or Town

Bar Harbor

Entity Address, Postal Zip Code

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City Area Code

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Local Phone Number

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Security Exchange Name

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