Bar Harbor Bankshares (BHB) investor relations material

Executive summary

• Net income for Q2 2026 was $15.2 million ($0.91 per diluted share), up from $6.1 million ($0.40 per share) in Q2 2025, with core earnings of $15.4 million ($0.92 per diluted share) and improved efficiency ratio to 55.76% from 62.10%.

• Total assets reached $4.7 billion, with loan balances up $28.9 million to $3.6 billion and deposits increasing to $3.9 billion.

• Acquisition and integration of Guaranty Bancorp, Inc. (Woodsville) in July 2025 contributed to growth in loans, securities, and non-interest income.

• Net interest margin rose to 3.61% from 3.23% year-over-year and 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

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

• Non-interest income increased to $11.7 million, driven by higher customer service fees, trust management income, and lower securities losses.

• Non-interest expense rose to $29.2 million, mainly due to higher salaries, benefits, and occupancy costs following the acquisition.

• Allowance for credit losses on loans was $32.2 million (0.89% of total loans), reflecting a $3.3 million charge-off related to a non-accruing relationship.

• Book value per share increased to $32.80; tangible book value per share rose to $23.43.

Outlook and guidance

• Management expects continued dividend payments, subject to board discretion, and affirmed commitment to strong financial results and long-term shareholder value.

• Liquidity remains strong, with $1.3 billion in available same-day liquidity and robust borrowing capacity.

• Interest rate sensitivity modeling indicates the balance sheet is asset sensitive, with net interest income expected to improve if rates rise.