Bar Harbor Bankshares (BHB) investor relations material

Executive summary

• Reported Q1 2026 GAAP net income of $13.5M ($0.81/diluted share) and core earnings of $14.7M ($0.88/diluted share), up from $11.8M and $15.5M respectively in Q4 2025.

• Net interest margin held at 3.54% with stable asset base of $4.7B.

• Dividend increased by 6% year-over-year to $0.34/share; new share repurchase plan for up to 5% of outstanding shares.

Financial highlights

• Net interest income for Q1 2026 was $36.9M, up from $29.0M in Q1 2025.

• Total interest and dividend income rose 16% year-over-year to $55.3M.

• Non-interest income increased to $10.4M, driven by a $1.3M gain on bank-owned life insurance.

• Non-interest expenses rose to $29.8M, up $5.2M year-over-year, mainly due to acquisition costs.

• Book value per share at quarter-end was $32.13; tangible book value per share was $22.71.

Outlook and guidance

• Management expects continued profitable growth and stable net interest margin for the remainder of 2026.

• The company is well-positioned for the year ahead, focusing on shareholder value and operational stability.