NYSE$BHB

Bar Harbor Bankshares · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported net income of $9.1 million and EPS of $0.60, demonstrating a strong start to the year with loan growth and net interest margin expansion.

Bar Harbor Bankshares reported a solid first quarter with strong commercial loan growth, expanded net interest margin, and increased fee-based income. The company effectively managed expenses and maintained credit quality and capital levels.

  • Net income was $9.1 million, or $0.60 per diluted share.
  • Annualized commercial loan growth reached 21%.
  • Net interest margin expanded to 2.95%.
  • Fee-based revenue increased by 11%.

Headline financials

Total Revenue

$33.6M

Previous: $33.7M-0.2%
EPS (adj)

$0.62

Previous: $0.68-8.8%
Net Interest Margin

3.0%

Previous: 2.9%+2.4%
Capital Expenditures

-$602K

Previous: -$982K+38.7%
Free Cash Flow

$8.51M

Previous: $8.5M+0.1%
Net Income

$9.11M

Previous: $9.48M-3.9%
Operating Income

$24.8M

Previous: $21.1M+17.4%
Gross Profit

$33.6M

Previous: $33.7M-0.2%
Cash & Equivalents

$111M

Previous: $224M-50.3%
Total Assets

$3.69B

Previous: $3.73B-1.0%
Stock-Based Comp

$94K

Previous: $666K-85.9%

Revenue & EPS history

Bar Harbor Bankshares · Revenue · Quarterly

$33.6M

Q1 2022-0.2%vs Q1 2021
Beat estimate in 4 of 7 quarters(57%)
ActualEstimate

Revenue by segment

Bar Harbor Bankshares · $7.37M total across 2 segments · Q1 2022

  • Trust Mgmt Fees
    $3.75M
  • Customer Fees
    $3.62M+21.8%

Forward guidance

The asset sensitivity of the balance sheet positions the company to expect to further benefit from any potential Fed rate hikes.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-0.4%

Avg return

Earnings day

+0.0%

Avg return

5 days after

+1.5%

Avg return

30 days after

38%

25 / 66 earnings

Positive

+10.0%

Q3 2024

Best reaction

-8.4%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.6%+1.2%+1.9%
Q4 2025-1.8%-4.7%+0.6%
Q3 2025-1.9%-0.4%+0.4%
Q2 2025-2.3%-2.4%+2.9%
Q1 2025-3.2%+0.7%+5.6%
Q4 2024+1.8%+3.9%+5.8%
Q3 2024+10.0%+8.0%+18.0%
Q2 2024-4.4%+3.0%-7.6%
Q1 2024+7.4%+6.6%+16.2%
Q4 2023-3.9%-2.2%-10.4%
Q3 2023+2.5%+0.6%+9.6%
Q2 2023-3.8%-2.2%-3.8%
Q1 2023-3.1%-3.5%-5.6%
Q4 2022+1.3%+0.4%-12.5%
Q3 2022+3.0%+4.6%+7.2%
Q2 2022-1.0%+1.1%+6.5%
Q1 2022-5.0%-6.4%-13.0%
Q4 2021-0.5%+1.9%-3.9%
Q3 2021+2.3%+3.2%+6.5%
Q2 2021+4.2%+6.1%-3.2%
Q1 2021-3.1%-3.5%+2.5%
Q4 2020-1.2%+3.2%+28.5%
Q3 2020-6.3%-6.9%+12.0%
Q2 2020-0.0%-1.8%+0.3%
Q1 2020-8.4%-13.7%-3.1%
Q4 2019-1.6%-4.5%-8.5%
Q3 2019-3.4%-1.6%-0.9%
Q2 2019-0.7%+1.0%-6.6%
Q1 2019-0.8%+1.1%-1.2%
Q4 2018-0.5%-0.6%+4.3%
Q3 2018+1.6%+1.3%-7.2%
Q2 2018+0.8%+0.9%-0.9%
Q1 2018-0.3%+2.8%+5.4%
Q4 2017+0.8%+2.3%+4.2%
Q3 2017-3.8%-4.2%-4.6%
Q2 2017-1.8%-6.2%-6.3%
Q1 2017-1.4%-4.8%-4.3%
Q4 2016+2.3%+10.1%-2.3%
Q3 2016+0.4%+8.8%+26.7%
Q2 2016-0.2%-1.2%+2.6%
Q1 2016-1.8%
Q4 2015-1.4%
Q3 2015+1.6%
Q2 2015-0.4%
Q1 2015+1.1%
Q4 2014-1.5%
Q3 2014+1.4%
Q2 2014+0.0%
Q1 2014+1.3%
Q4 2013+0.1%
Q3 2013+0.4%
Q2 2013-1.7%
Q2 2010-2.2%
Q2 2011-2.2%
Q1 2013-2.7%
Q1 2011+0.4%
Q4 2012+0.0%
Q3 2012-0.2%
Q2 2012-1.1%
Q1 2012-0.1%
Q4 2011+1.1%
Q4 2009+1.1%
Q4 2010+1.1%
Q3 2010-0.3%
Q3 2011-0.3%
Q1 2010+5.4%

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