Bar Harbor Bankshares (BHB) Q3 2026 earnings summary

Executive summary

• Q3 2026 GAAP net income was $16.1M, or $0.96 diluted EPS; core earnings were $17.5M, or $1.04 per diluted share, versus $15.2M and $0.91 GAAP, and $15.4M and $0.92 core, in Q2 2026.

• Total deposits grew 9% annualized QoQ, lowering the overall cost of funds, reducing wholesale borrowing reliance and supporting profitability.

Financial highlights

• Q3 net interest income rose to $40.7M from $37.0M YoY; net interest margin was 3.77%, up from 3.56% YoY and 3.61% QoQ.

• Total interest and dividend income increased 4% YoY to $58.4M; interest expense declined $1.3M, including a $1.3M decline in deposit costs.

• Net income increased to $16.1M from $8.9M YoY; non-interest income was $10.8M versus $10.6M, while non-interest expense declined to $31.4M from $32.7M.

• Core revenue was $51.5M versus $47.5M YoY; core earnings were $17.5M versus $15.4M.

Outlook and guidance

• Deposit growth and lower funding costs supported Q3 profitability; commercial and industrial lending recruits are building a pipeline and supporting wealth referrals.