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Bar Harbor Bankshares (BHB)
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Bar Harbor Bankshares (BHB) AI Stock Analysis

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BHB

Bar Harbor Bankshares

(BHB)

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Outperform 71 (OpenAI - 4o)
Rating:71Outperform
Price Target:
$33.00
â–²(8.95% Upside)
Bar Harbor Bankshares receives a solid overall score due to its strong financial performance and attractive valuation. The company's profitability margins and leverage management are commendable, though revenue growth challenges and operational cash flow issues need attention. The valuation metrics suggest the stock is undervalued with a strong dividend yield, making it appealing for income investors. Technical analysis presents a mixed outlook, with no strong momentum in either direction.

Bar Harbor Bankshares (BHB) vs. SPDR S&P 500 ETF (SPY)

Bar Harbor Bankshares Business Overview & Revenue Model

Company DescriptionBar Harbor Bankshares operates as the holding company for Bar Harbor Bank & Trust that provides commercial, lending, retail, and wealth management banking services. It accepts various deposit products, including interest-bearing and non-interest-bearing demand accounts, savings accounts, time deposits, and money market deposit accounts, as well as certificates of deposit. The company also provides commercial real estate loans, such as multi-family, commercial construction and land development, and other commercial real estate classes; commercial and industrial loans, including loans to commercial and agricultural businesses, and tax exempt entities; residential real estate loans consists of mortgages for 1-4 family housing; and consumer loans comprises home equity loans, lines of credit, auto, and other installment lending. In addition, it provides life insurance, annuity, and retirement products, as well as financial planning services; and third-party investment and insurance services. Further, the company offers trust and estate administration, wealth advisory, and investment management services to individuals, businesses, not-for-profit organizations, and municipalities; and 401K plan, financial, estate and charitable planning, investment management, family office, municipal, and tax services. It operates 53 locations across Maine, New Hampshire, and Vermont. The company was founded in 1887 and is based in Bar Harbor, Maine.
How the Company Makes MoneyBar Harbor Bankshares generates revenue through several key streams primarily associated with its banking operations. The largest source of income comes from net interest income, which is the difference between the interest earned on loans and investments and the interest paid on deposits and borrowings. This is supplemented by non-interest income from various service fees, including account maintenance fees, transaction fees, and charges for wealth management and investment services. Additionally, the bank engages in commercial lending, providing loans to businesses, which can yield higher interest revenue. Strategic partnerships with local businesses and community organizations also enhance its market reach and customer base, contributing to overall revenue growth.

Bar Harbor Bankshares Financial Statement Overview

Summary
Bar Harbor Bankshares demonstrates strong financial performance with notable revenue growth and improved EBIT margins. The elimination of debt strengthens its balance sheet, although a slight decline in ROE suggests potential areas for improvement in profitability. The company shows robust cash flows, supporting its financial stability and growth prospects.
Income Statement
Bar Harbor Bankshares has demonstrated a strong revenue growth trajectory, with a notable increase from $150.4 million in 2023 to $188.7 million in 2024, reflecting a 25.5% growth rate. The gross profit margin stands at 100%, as expected in the banking industry, with no cost of goods sold. The net profit margin slightly declined from 29.8% in 2023 to 23.1% in 2024, indicating increased expenses or provisions. EBIT margin improved significantly to 98.9% in 2024, showcasing effective cost management.
Balance Sheet
The company's balance sheet shows robust equity with a healthy equity ratio of 11.2% in 2024, up from 10.9% in 2023. The debt-to-equity ratio improved substantially from 0.77 in 2023 to 0 in 2024, as the company eliminated its total debt, enhancing financial stability. Return on equity decreased slightly to 9.5% in 2024 from 10.4% in 2023, which may suggest reduced efficiency in generating profits from equity.
Cash Flow
Free cash flow increased to $52.4 million in 2024 from $40.9 million in 2023, reflecting a growth rate of 31.2%. The operating cash flow to net income ratio improved to 1.20, indicating strong cash generation relative to net income. However, the free cash flow to net income ratio remains at 1.20, suggesting that capital expenditures are minimal or non-existent. The company maintains a positive cash flow trend, supporting its financial health.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue205.39M224.44M150.41M161.17M153.06M136.54M
Gross Profit147.18M149.38M150.41M143.67M138.96M136.54M
EBITDA46.48M56.03M0.0061.22M55.23M47.45M
Net Income39.49M43.54M44.85M43.56M39.30M33.24M
Balance Sheet
Total Assets4.11B4.08B3.97B3.91B3.71B3.73B
Cash, Cash Equivalents and Short-Term Investments579.64M555.28M576.79M651.81M868.66M811.05M
Total Debt297.06M290.60M331.50M394.25M178.52M336.02M
Total Liabilities3.64B3.62B3.54B3.52B3.29B3.31B
Stockholders Equity468.86M458.43M432.06M393.45M424.15M411.34M
Cash Flow
Free Cash Flow54.16M44.98M40.87M55.08M58.76M31.40M
Operating Cash Flow53.05M52.37M47.40M57.60M60.48M38.17M
Investing Cash Flow-107.29M-141.88M-62.29M-410.58M-6.06M142.75M
Financing Cash Flow39.43M66.83M17.43M194.88M-30.03M-11.82M

Bar Harbor Bankshares Technical Analysis

Technical Analysis Sentiment
Positive
Last Price30.29
Price Trends
50DMA
31.00
Negative
100DMA
30.43
Negative
200DMA
30.11
Positive
Market Momentum
MACD
-0.46
Negative
RSI
51.26
Neutral
STOCH
71.02
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BHB, the sentiment is Positive. The current price of 30.29 is above the 20-day moving average (MA) of 29.90, below the 50-day MA of 31.00, and above the 200-day MA of 30.11, indicating a neutral trend. The MACD of -0.46 indicates Negative momentum. The RSI at 51.26 is Neutral, neither overbought nor oversold. The STOCH value of 71.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BHB.

Bar Harbor Bankshares Risk Analysis

Bar Harbor Bankshares disclosed 49 risk factors in its most recent earnings report. Bar Harbor Bankshares reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Bar Harbor Bankshares Peers Comparison

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
73
Outperform
$494.83M9.3317.46%1.16%11.38%36.10%
71
Outperform
$492.31M12.747.37%4.20%4.26%-16.52%
70
Outperform
$463.02M10.4716.69%5.36%27.34%39.43%
69
Neutral
$471.55M14.098.08%5.15%67.70%39.18%
68
Neutral
$18.00B11.429.92%3.81%9.73%1.22%
64
Neutral
$464.68M14.455.31%0.72%7.35%-2.65%
63
Neutral
$444.86M12.325.02%4.68%7.66%28.75%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
BHB
Bar Harbor Bankshares
30.29
-1.50
-4.72%
NFBK
Northfield Bancorp
11.11
-0.43
-3.73%
NRIM
Northrim Bancorp
20.79
4.05
24.19%
PGC
Peapack-Gladstone Financial
28.00
-2.99
-9.65%
UNTY
Unity Bancorp
48.40
9.68
25.00%
PFIS
Peoples Financial Services
47.93
2.94
6.53%

Bar Harbor Bankshares Corporate Events

Bar Harbor Bankshares Reports Strong Q3 2025 Results
Oct 22, 2025

Bar Harbor Bankshares, a community bank serving Northern New England, reported its third quarter 2025 financial results, highlighting a significant acquisition and strong financial performance. The company completed the acquisition of Guaranty Bancorp, Inc., integrating its systems and branches, which contributed to a notable increase in assets and deposits. Bar Harbor Bankshares achieved a GAAP net income of $8.9 million, or $0.54 per diluted share, and core earnings of $15.4 million, or $0.95 per diluted share, reflecting growth compared to the previous quarter.

DividendsFinancial DisclosuresM&A Transactions
Bar Harbor Bankshares Announces Quarterly Dividend
Positive
Oct 21, 2025

On October 21, 2025, Bar Harbor Bankshares announced a quarterly cash dividend of $0.32 per share, payable on December 19, 2025. The company reported strong third-quarter results, with a significant increase in net income and core earnings compared to the previous quarter. The successful acquisition and integration of Guaranty Bancorp, Inc. contributed to the company’s growth, enhancing its asset base and deposit levels. The acquisition also allowed the company to optimize its balance sheet, resulting in improved financial metrics such as net interest margin and efficiency ratio. These developments position Bar Harbor Bankshares for continued growth and strengthened market positioning.

The most recent analyst rating on (BHB) stock is a Hold with a $33.00 price target. To see the full list of analyst forecasts on Bar Harbor Bankshares stock, see the BHB Stock Forecast page.

Business Operations and StrategyExecutive/Board ChangesM&A Transactions
Bar Harbor Bankshares Completes Acquisition of Guaranty Bancorp
Positive
Aug 4, 2025

On July 31, 2025, Bar Harbor Bankshares completed its acquisition of Guaranty Bancorp, Inc., merging Guaranty into Bar Harbor and its subsidiary Woodsville Guaranty Savings Bank into Bar Harbor Bank & Trust. This strategic merger, valued at approximately $39.2 million, expands Bar Harbor’s footprint to 62 branches with total assets of around $4.8 billion across Maine, New Hampshire, and Vermont. The merger is seen as a significant milestone in Bar Harbor’s growth strategy, enhancing its market presence in Northern New England. Additionally, James E. Graham, former CEO of Guaranty, was appointed to Bar Harbor’s Board of Directors, further integrating leadership from the acquired company.

The most recent analyst rating on (BHB) stock is a Hold with a $33.00 price target. To see the full list of analyst forecasts on Bar Harbor Bankshares stock, see the BHB Stock Forecast page.

Bar Harbor Bankshares Reports Q2 2025 Earnings
Jul 31, 2025

Bar Harbor Bankshares, a community bank with a long-standing presence in Northern New England, provides full-service banking through its subsidiary Bar Harbor Bank & Trust. The company recently reported its second quarter 2025 earnings, highlighting a GAAP net income of $6.1 million and core earnings of $10.8 million, alongside a dividend declaration of $0.32 per share. Key financial metrics showed a stable asset base of $4.1 billion, with notable growth in commercial loans and an expanded net interest margin to 3.23%. The acquisition of Guaranty Bancorp, Inc. is set to enhance market presence and operational scale. Looking forward, Bar Harbor Bankshares aims to continue optimizing its balance sheet and executing strategic growth opportunities, supported by its recognition as one of America’s ‘Best-in-State Banks’ by Forbes.

Business Operations and StrategyFinancial Disclosures
Bar Harbor Bankshares Releases Investor Presentation
Neutral
Jul 28, 2025

On July 28, 2025, Bar Harbor Bankshares released an investor presentation in preparation for meetings scheduled on July 29, 2025. The presentation outlines forward-looking statements and potential risks, including economic conditions, competition, and regulatory changes, which could impact the company’s operations and financial performance.

The most recent analyst rating on (BHB) stock is a Hold with a $33.00 price target. To see the full list of analyst forecasts on Bar Harbor Bankshares stock, see the BHB Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Oct 23, 2025