Bar Harbor Bankshares (BHB) investor relations material

Executive summary

• Reported Q2 2026 GAAP net income of $15.2M ($0.91/diluted share) and core earnings of $15.4M ($0.92/diluted share), up from Q1 2026 net income of $13.5M ($0.81/diluted share) and core earnings of $14.7M ($0.88/diluted share).

• Net interest margin rose to 3.61% from 3.54% sequentially; return on assets was 1.31% and return on equity 11.16%.

• Dividend of $0.34/share declared, annualized yield of 3.60% based on June 30, 2026 closing price.

Financial highlights

• Total assets increased 1% sequentially to $4.7B, driven by loan growth and higher interest-earning deposits.

• Total loans grew $28.9M to $3.6B, mainly from commercial real estate and commercial & industrial loan originations.

• Allowance for credit losses on loans decreased to $32.2M, reflecting a $3.3M partial charge-off on a previously non-accruing relationship.

• Net interest income for Q2 2026 was $37.9M, up from $29.9M in Q2 2025; total interest and dividend income rose 15% year-over-year to $55.9M.

• Non-interest income increased to $11.7M from $4.6M year-over-year, driven by higher customer service fees and lower securities losses.

• Non-interest expenses rose to $29.2M from $26.5M year-over-year, mainly due to higher salaries, benefits, and occupancy costs from the Woodsville acquisition.

• Book value per share at quarter-end was $32.80; tangible book value per share was $23.43.

Outlook and guidance

• Management affirmed commitment to strong financial results and long-term shareholder value, highlighting organic capital growth and successful integration of the Woodsville acquisition.