NYSE$BHB

Bar Harbor Bankshares · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Bar Harbor Bankshares reported an increase in net income and core earnings for Q3 2020.

Bar Harbor Bankshares reported a net income of $8.4 million, or $0.56 per share, for the third quarter of 2020, compared to $5.0 million, or $0.32 per share, for the same quarter in 2019. Core earnings, a non-GAAP measure, increased by 30% to $9.2 million, or $0.61 per share.

  • Net income increased to $8.4 million, or $0.56 per share.
  • Core earnings increased 30% to $9.2 million, or $0.61 per share.
  • Net interest margin increased to 2.98% from 2.75%.
  • Total assets reached $3.9 billion.

Headline financials

Total Revenue

$34.8M

Previous: $30.1M+15.6%
EPS (adj)

$0.61

Previous: $0.47+29.8%
Net Interest Margin

3.0%

Previous: 2.8%+8.4%
Efficiency Ratio

59.5%

Previous: 65.0%-8.5%
Capital Expenditures

-$4.45M

Previous: -$1.8M-146.8%
Free Cash Flow

$3.95M

Previous: $3.21M+23.1%
Net Income

$8.4M

Previous: $5.02M+67.5%
Operating Income

$19.3M

Previous: $7.37M+161.4%
Gross Profit

$34.8M

Previous: $30.1M+15.6%
Cash & Equivalents

$216M

Previous: $71.6M+201.2%
Total Assets

$3.86B

Previous: $3.61B+6.8%
Stock-Based Comp

$279K

Previous: $156K+78.8%

Revenue & EPS history

Bar Harbor Bankshares · Revenue · Quarterly

$34.8M

Q3 2020+15.6%vs Q3 2019
Beat estimate in 0 of 1 quarters(0%)
ActualEstimate

Revenue by segment

Bar Harbor Bankshares · $7.45M total across 2 segments · Q3 2023

  • Customer Fees
    $3.93M
  • Trust Mgmt Fees
    $3.52M

Forward guidance

The Company expects to grow investor returns while maintaining its culture and commitment to customers, employees and communities throughout this economic cycle.

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 Q3 2020

Historical avgQ3 2020

-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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