Bar Harbor Q2 profit rises as securities losses ease

Bar Harbor Bankshares

21/07/2026 21:28

    

    Overview
  
US community bank's Q2 net income and EPS rose sequentially from prior quarter
Net interest margin improved to 3.61% from 3.54% in Q1 2026
Company raised quarterly dividend to $0.34 per share from $0.32 in Q1

    

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

    

    Result Drivers
  
LOAN GROWTH - Higher loan balances, especially in commercial real estate and commercial and industrial segments, drove increased interest income
NON-INTEREST INCOME - Higher customer service fees and a smaller loss on securities sales boosted non-interest income
LOWER DEPOSIT COSTS - Decreased interest-bearing deposit costs supported net interest margin expansion

    
Company press release: ID:nACSVZGLHa

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 EPS
Beat
$0.91
$0.90 (2 Analysts)
Q2 Net Income
Slight Beat*
$15.20 mln
$15.05 mln (2 Analysts)
Q2 Adjusted ROE
 
11.30%
 
Q2 Credit Loss Allowance
 
$32.20 mln
 
Q2 Net Interest Margin
 
3.61%
 
Q2 ROE
 
11.16%
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

    

    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 $38.50, about 1.5% above its July 20 closing price of $37.94
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

    

    Reuters Recommended Reads
  
July 21 - Southern First Bancshares' Q2 profit rises on loan growth and margin expansion
July 21 - FVCBankcorp Q2 net income rises on higher loan yields, lower costs
July 21 - Century Next Financial Q2 net income rises on net interest margin expansion

    
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(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.)