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)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments94,842122,816123,78582,70292,29582,065
Cash and cash equivalents94,842122,816123,78582,70292,29582,065
Total current assets:94,842122,816123,78582,70292,29582,065
Noncurrent Assets
Operating lease, right-of-use asset 6,874   8,0788,381
Property, plant and equipment48,28747,79047,41247,54947,62248,010
Intangible assets, net (including goodwill)124,346124,579124,812125,045125,278125,511
Goodwill119,477119,477119,477119,477119,477119,477
Intangible assets, net (excluding goodwill)4,8695,1025,3355,5685,8016,034
Deferred income tax assets22,97928,32824,18122,85824,44325,288
Total noncurrent assets:202,486200,697196,405195,452205,421207,190
Other undisclosed assets3,673,5573,660,4283,708,3573,650,3243,612,0873,550,991
TOTAL ASSETS:3,970,8853,983,9414,028,5473,928,4783,909,8033,840,246
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt270,765304,489396,389335,659331,369186,166
Total current liabilities:270,765304,489396,389335,659331,369186,166
Noncurrent Liabilities
Other undisclosed liabilities3,268,0613,275,2443,221,4423,184,4093,184,9843,274,115
Total liabilities:3,538,8263,579,7333,617,8313,520,0683,516,3533,460,281
Equity
Equity, attributable to parent432,059404,208410,716408,410393,450379,965
Common stock32,85732,85732,85732,85732,85732,857
Treasury stock, value(16,151)(16,287)(16,388)(16,441)(16,804)(16,959)
Additional paid in capital193,114192,673192,341192,261191,922191,438
Accumulated other comprehensive loss(49,862)(71,400)(57,564)(53,151)(58,340)(62,589)
Retained earnings272,101266,365259,470252,884243,815235,218
Total equity:432,059404,208410,716408,410393,450379,965
TOTAL LIABILITIES AND EQUITY:3,970,8853,983,9414,028,5473,928,4783,909,8033,840,246

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

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Revenues42,89841,93440,72238,14935,89631,630
Net investment income39,53138,41236,91734,56032,60527,940
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
     (687)(1,306)
Gross profit:42,89841,93440,72238,14935,20930,324
Operating expenses(5,867)(5,634)(5,545)(5,631)(5,793)(5,834)
Other operating income (expense), net
(Other Nonrecurring (Income) Expense)
(263)  (20)90(31)
Operating income:36,76836,30035,17732,49829,50624,459
Nonoperating income1,0489308811,427652811
Bank owned life insurance income5335155031,148499496
Profit from real estate operations515415378279153315
Interest and debt expense(17,022)(15,949)(14,091)(9,445)(5,202)(3,175)
Income from continuing operations before equity method investments, income taxes:20,79421,28121,96724,48024,95622,095
Other undisclosed loss from continuing operations before income taxes(8,205)(6,969)(8,339)(7,892)(9,096)(7,700)
Income from continuing operations before income taxes:12,58914,31213,62816,58815,86014,395
Income tax expense(2,644)(3,208)(2,837)(3,576)(3,348)(2,965)
Income from continuing operations:9,94511,10410,79113,01212,51211,430
Income before gain (loss) on sale of properties:11,430
Net income available to common stockholders, diluted:9,94511,10410,79113,01212,51211,430

Comprehensive Income ($ in thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Net income:9,94511,10410,79113,01212,51211,430
Other comprehensive loss      
Other undisclosed comprehensive income (loss) 97   (748) 
Comprehensive income:10,04211,10410,79113,01211,76411,430
Other undisclosed comprehensive income (loss), net of tax, attributable to parent21,441(13,836)(4,413)5,1894,997(21,618)
Comprehensive income (loss), net of tax, attributable to parent:31,483(2,732)6,37818,20116,761(10,188)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: