Bar Harbor Bankshares Q1 net income rises, approves 5% share buyback

Bar Harbor Bankshares

21/04/2026 21:27

Overview

US community bank's Q1 net income rose yr/yr

Company increased quarterly dividend and approved stock buyback plan for up to 5% shares

Q1 net interest margin improved to 3.54%, driven by higher loan yields and lower deposit costs

Outlook

Company did not provide specific financial guidance for the current or future periods

Result Drivers

LOAN YIELD EXPANSION - Higher loan yields and lower deposit costs drove net interest margin improvement

WOODSVILLE ACQUISITION - Acquisition of Woodsville Guaranty Savings Bank contributed to loan growth, higher yields, and increased non-interest expenses

NON-INTEREST INCOME - Higher non-interest income, mainly from a gain on death benefit from bank-owned life insurance

Company press release: ID:nACSS17mQa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
Miss
$13.5 mln
$14.52 mln (2 Analysts)
Q1 Adjusted ROE
11.03%
Q1 Credit Loss Allowance
-$34.3 mln
Q1 Net Interest Margin
3.54%
Q1 ROE
10.13%


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 $36.50, about 5.7% above its April 20 closing price of $34.52

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

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.)