Bar Harbor Bankshares (BHB) investor relations material

Strategic direction and business model

• Focus on balanced growth, risk management, and a service-driven culture across commercial, retail, and wealth management banking in over 50 locations in Northern New England.

• Emphasis on employee and customer experience as the foundation for performance and shareholder value, with a consistent history of expanding dividends.

• Fee income from trust, treasury management, derivatives, and mortgage sales is fundamental to profitability.

• Ongoing investment in technology, process, and leadership to expand services and deepen market presence.

• Commitment to community banking principles, lending locally, and supporting sustainable communities.

Financial performance and key metrics

• As of Q2 2025: $4.1B in assets, $3.1B in net loans, $3.3B in deposits, and $469M in shareholder equity.

• Q2 2025 core return on assets at 1.06%, core return on equity at 9.19%, net interest margin at 3.23%, and efficiency ratio at 62%.

• Non-performing assets ratio at 0.30% and book value per share of $30.60.

• Dividend yield consistently above peer average, reaching 4.27% as of Q2 2025.

• Track record of growth, expanding dividends, and strong risk management.

Market presence and expansion

• Operates 53 full-service branches across Maine, New Hampshire, and Vermont, with a strong presence in key counties and cities.

• Signed a definitive merger agreement with Guaranty Bancorp, Inc., adding nine branches and increasing scale in New Hampshire.

• Pro forma combined company post-merger: $4.8B in assets, $3.9B in deposits, $3.6B in net loans, and $512M market cap.

• Merger expected to deliver ~30% 2026 EPS accretion, 2.3-year TBV earnback, and 10.3% CET1 at closing.

• Strategic rationale includes complementary markets, low-cost deposits, cultural alignment, and enhanced profitability.