Bar Harbor Bankshares Inc. (BHB) Financial Statements (2024 and earlier)

Company Profile

Business Address 82 MAIN ST
BAR HARBOR, ME 04609-0400
State of Incorp. ME
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments92,295250,389226,00756,91098,75490,685
Cash and cash equivalents92,295250,389226,00756,91098,75490,685
Total current assets:92,295250,389226,00756,91098,75490,685
Noncurrent Assets
Operating lease, right-of-use asset8,0789,27410,3389,623
Property, plant and equipment47,62249,38252,45851,20548,80447,708
Intangible assets, net (including goodwill)125,278126,210127,147127,290107,544108,468
Goodwill119,477119,477119,477118,649100,085100,085
Intangible assets, net (excluding goodwill)5,8016,7337,6708,6417,4598,383
Deferred income tax assets24,4435,5471,7453,865
Total noncurrent assets:205,421190,413191,688191,983156,348156,176
Other undisclosed assets3,612,0873,268,4313,308,0673,420,2353,353,3853,318,323
TOTAL ASSETS:3,909,8033,709,2333,725,7623,669,1283,608,4873,565,184
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt331,36994,80293,455348,118647,894649,498
Total current liabilities:331,36994,80293,455348,118647,894649,498
Noncurrent Liabilities
Other undisclosed liabilities3,184,9843,190,2843,220,9662,924,6032,590,0142,561,045
Total liabilities:3,516,3533,285,0863,314,4213,272,7213,237,9083,210,543
Equity
Equity, attributable to parent393,450424,147411,341396,407370,579354,641
Common stock32,85732,85732,85732,85732,85732,857
Treasury stock, value(16,804)(17,481)(18,223)(4,677)(4,655)(5,341)
Additional paid in capital191,922190,876190,084188,536187,653186,702
Accumulated other comprehensive income (loss)(58,340)2,30311,0163,911(11,802)(4,554)
Retained earnings243,815215,592195,607175,780166,526144,977
Total equity:393,450424,147411,341396,407370,579354,641
TOTAL LIABILITIES AND EQUITY:3,909,8033,709,2333,725,7623,669,1283,608,4873,565,184

Income Statement (P&L) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues122,370110,415120,463111,042104,015116,846
Net investment income107,79795,236107,085111,042104,01594,976
Financial services revenue21,870
Cost of revenue (2,904) (5,625)(2,317)(2,780)(2,788)
Provision for loan, lease, and other losses (2,904) (5,625)(2,317)(2,780)
Financial services costs(2,788)
Gross profit:119,466110,415114,838108,725101,235114,058
Operating expenses(22,570)(21,883)(22,080)(19,116)(14,664)(54,260)
Other operating expense, net
(Other Nonrecurring (Income) Expense)
(266)(1,667)(5,801)(8,317)(1,728)(3,302)
Operating income:96,63086,86586,95781,29284,84356,496
Nonoperating income3,5808,7158,8912,0531,8211,539
Bank owned life insurance income2,0002,1792,0072,0531,8211,539
Profit from real estate operations1,5806,5366,884   
Interest and debt expense(12,845)(18,082)(28,275)(46,677)(36,568)(23,914)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   (25,922)(9,839)(9,597)8,502
Income from continuing operations before equity method investments, income taxes:87,36577,49841,65126,82940,49942,623
Other undisclosed loss from continuing operations before income taxes(32,520)(28,870)    
Income from continuing operations before income taxes:54,84548,62841,65126,82940,49942,623
Income tax expense(11,288)(9,329)(8,407)(4,209)(7,562)(16,630)
Income from continuing operations:43,55739,29933,24422,62032,93725,993
Income before gain (loss) on sale of properties:39,29933,24422,62032,93725,993
Net income available to common stockholders, diluted:43,55739,29933,24422,62032,93725,993

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:43,55739,29933,24422,62032,93725,993
Other comprehensive income (loss)(748)866(261)1,501(169)(190)
Comprehensive income:42,80940,16532,98324,12132,76825,803
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(59,895)(5,303)7,36614,212(6,099)(38)
Comprehensive income (loss), net of tax, attributable to parent:(17,086)34,86240,34938,33326,66925,765

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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