Bar Harbor Bankshares (BHB) AGM 2026 Presentation summary

Business model and strategy

• Community banking across Maine, New Hampshire and Vermont, with commercial, retail and wealth management services in 60+ locations; growth strategy emphasizes customer experience, risk discipline and core earnings.

• Priorities include growing core transactional deposits and market share, expanding fee income, managing interest-rate sensitivity and credit risk, and investing selectively in technology and operations.

• Markets are supported by tourism, services, distribution, agriculture and the working waterfront; footprint includes 22 full-service Maine branches, 29 New Hampshire branches and 10 Vermont branches.

Financial performance

• FY 2025: ROA 0.85%, core ROA 1.20%; ROE 7.49%, core ROE 10.58%; NIM 3.41%, efficiency ratio 59%, and NPAs/assets 0.29%.

• FY 2025 organic commercial loan growth was 6% annualized, excluding loans acquired from Guaranty Bancorp as of Aug. 1, 2025.

• Q1 2026: ROA 1.18%, core ROA 1.28%; ROE 10.13%, core ROE 11.03%; NIM 3.54%, efficiency ratio 57%, and NPAs/assets 0.52%.

• As of Mar. 31, 2026: assets $4.676B, net loans $3.551B, deposits $3.868B, equity $538M, closing share price $32.45 and dividend yield 4.20%.

• Q1 2026 deposits grew 5% annualized; non-maturity deposits represented 76% of deposits, with time deposits at 24%.

Acquisition and franchise expansion

• Guaranty Bancorp acquisition closed effective July 31, 2025; system conversion was completed in early October, adding nine New Hampshire branches in an adjacent market.

• The transaction expanded the deposit and loan base and created opportunities for cross-selling and fee income; both institutions have longstanding community-bank histories.