Bar Harbor Bankshares Q3 net income rises, deposits grow

Bar Harbor Bankshares

22/10/2026 21:24

Overview
US community bank's Q3 net income and EPS rose from the prior quarter
Core earnings and net interest margin improved quarter-over-quarter
Company declared unchanged $0.34 per share quarterly dividend

Outlook
Company did not provide specific guidance for future quarters or the full year

Result Drivers
DEPOSIT GROWTH - Co said total deposits grew 9% annualized, lowering cost of funds and reducing reliance on wholesale borrowings
NEW CUSTOMER ACCOUNTS - Retail teams opened more than 1,600 new customer accounts in the qtr, per CEO Curtis C. Simard
WEALTH MANAGEMENT FEES - Trust and investment management fee income rose 7% as assets under management increased 2.4% year-over-year

Company press release: ID:nACSq2v7Sa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
Beat
$0.96
$0.93 (2 Analysts)
Q3 Net Income
Beat
$16.10 mln
$15.58 mln (2 Analysts)
Q3 Adjusted ROE
 
12.70%
 
Q3 Credit Loss Allowance
 
$31.80 mln
 
Q3 Net Interest Margin
 
3.77%
 
Q3 ROE
 
11.69%
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "buy"
Wall Street's median 12-month price target for Bar Harbor Bankshares is $41.00, about 6.1% above its October 21 closing price of $38.66
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

Reuters Recommended Reads
Oct 22 - United Bankshares Q3 EPS beats estimates, helped by loan growth
Oct 22 - Huntington Bancshares Q3 EPS unchanged, net interest income up 
Oct 19 - Zions Bancorp Q3 EPS rises 20% on improved credit quality

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)