NYSE$BHB

Bar Harbor Bankshares · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Net income increased compared to the same quarter last year.

Bar Harbor Bankshares reported a strong fourth quarter in 2022, with net income up 28% compared to the same quarter in 2021. The company's performance metrics showed significant favorable expansion throughout 2022, including 19% in total commercial loan growth for the year.

  • Net income increased 28% to $12.5 million, or $0.83 per diluted share, compared to $9.8 million, or $0.65 per diluted share, in the same quarter of 2021.
  • Return on assets was 1.30%, compared to 1.02% in the same quarter of 2021.
  • Return on equity was 12.73%, compared to 9.16% in the same quarter of 2021.
  • Net interest margin increased to 3.76%, compared to 2.79% in the same period of 2021.

Headline financials

Total Revenue

$41.2M

Previous: $35M+17.8%
EPS (adj)

$0.83

Previous: $0.68+22.1%
Net Interest Margin

3.8%

Previous: 2.8%+34.8%
Efficiency Ratio

58.0%

Previous: 60.7%-4.5%
Capital Expenditures

$676K

Previous: $500K+35.2%
Free Cash Flow

$16.4M

Previous: $29.2M-43.8%
Net Income

$12.5M

Previous: $9.8M+27.7%
Operating Income

$15.9M

Previous: $11.9M+33.0%
Gross Profit

$41.2M

Previous: $35M+17.8%
Cash & Equivalents

$92.3M

Previous: $250M-63.1%
Total Assets

$3.91B

Previous: $3.71B+5.4%
Stock-Based Comp

$1.22M

Previous: $785K+55.7%

Revenue & EPS history

Bar Harbor Bankshares · Revenue · Quarterly

$41.2M

Q4 2022+17.8%vs Q4 2021
Beat estimate in 10 of 15 quarters(67%)
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

Bar Harbor Bankshares is well positioned for success in 2023, regardless of the rate environment, and is focused on the needs of its customers while delivering shareholder value.

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 Q4 2022

Historical avgQ4 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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro