Bar Harbor Bankshares (BHB) Income Statement Analysis

See more : Bentley Systems, Incorporated (BSY) Income Statement Analysis – Financial Results

Complete financial analysis of Bar Harbor Bankshares (BHB) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Bar Harbor Bankshares, a leading company in the Banks – Regional industry within the Financial Services sector.

You may be interested

Uday Jewellery Industries Limited (UDAYJEW.BO) Income Statement Analysis – Financial Results
PT Garuda Maintenance Facility Aero Asia Tbk (GMFI.JK) Income Statement Analysis – Financial Results
Silver Bull Resources, Inc. (SVBL) Income Statement Analysis – Financial Results
Fleetwood Limited (FWD.AX) Income Statement Analysis – Financial Results
Heritage Global Inc. (HGBL) Income Statement Analysis – Financial Results

Bar Harbor Bankshares (BHB)

Industry: Banks - Regional

Sector: Financial Services

Website: https://www.barharbor.bank

About Bar Harbor Bankshares

Bar 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.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995
Revenue	150.41M	149.00M	137.83M	142.14M	118.88M	118.82M	118.14M	57.23M	53.81M	51.57M	46.65M	44.68M	41.18M	39.17M	39.30M	33.62M	28.83M	28.57M	28.27M	26.95M	26.84M	25.99M	25.66M	24.78M	24.00M	22.90M	21.80M	21.20M	1.01M
Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	452.00K	429.00K	384.00K	367.00K	-2.80M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	150.41M	149.00M	137.83M	142.14M	118.88M	118.82M	118.14M	57.23M	53.36M	51.14M	46.27M	44.31M	43.98M	39.17M	39.30M	33.62M	28.83M	28.57M	28.27M	26.95M	26.84M	25.99M	25.66M	24.78M	24.00M	22.90M	21.80M	21.20M	1.01M
Gross Profit Ratio	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	99.16%	99.17%	99.18%	99.18%	106.79%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	52.52M	48.66M	49.97M	51.80M	47.64M	44.18M	43.88M	20.58M	18.72M	17.54M	15.92M	14.88M	14.22M	13.55M	11.93M	10.83M	9.37M	9.29M	9.80M	9.34M	9.83M	9.24M	8.53M	7.94M	6.83M	6.00M	6.00M	5.70M	5.33M
Selling & Marketing	1.70M	1.56M	1.54M	1.39M	1.87M	1.74M	945.00K	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	75.75M	50.22M	51.51M	53.18M	49.51M	44.18M	43.88M	20.58M	18.72M	17.54M	15.92M	14.88M	14.22M	13.55M	11.93M	10.83M	9.37M	9.29M	9.80M	9.34M	9.83M	9.24M	8.53M	7.94M	6.83M	6.00M	6.00M	5.70M	5.33M
Other Expenses	0.00	-22.99M	-140.72M	-153.67M	-141.56M	70.82M	55.12M	28.42M	24.28M	23.47M	24.08M	26.12M	2.80M	30.45M	34.07M	38.17M	38.63M	33.71M	25.21M	-16.88M	-18.50M	-16.14M	-13.27M	-7.89M	-7.80M	-7.20M	-6.70M	-6.00M	12.78M
Operating Expenses	75.75M	1.56M	-89.21M	-100.49M	-92.05M	115.00M	99.00M	49.00M	43.00M	41.00M	40.00M	41.00M	17.02M	44.00M	46.00M	49.00M	48.00M	43.00M	35.00M	-7.55M	-8.67M	-6.91M	-4.74M	49.00K	-970.00K	-1.20M	-700.00K	-300.00K	18.11M
Cost & Expenses	75.75M	1.56M	-89.21M	-100.49M	-92.05M	115.00M	99.00M	49.00M	43.45M	41.43M	40.38M	41.37M	14.22M	44.00M	46.00M	49.00M	48.00M	43.00M	35.00M	-7.55M	-8.67M	-6.91M	-4.74M	49.00K	-970.00K	-1.20M	-700.00K	-300.00K	18.11M
Interest Income	174.18M	126.53M	110.80M	126.10M	135.39M	127.45M	116.07M	56.62M	55.22M	53.72M	50.75M	50.84M	50.91M	51.14M	54.37M	53.59M	51.81M	46.15M	37.20M	31.92M	30.58M	32.35M	33.89M	35.33M	31.95M	29.20M	28.50M	27.50M	26.15M
Interest Expense	56.51M	12.85M	15.23M	26.92M	45.58M	36.57M	23.91M	12.11M	10.39M	9.91M	11.66M	13.87M	16.52M	19.43M	21.09M	26.40M	28.91M	24.45M	15.34M	11.55M	11.08M	12.78M	15.75M	17.62M	13.80M	12.00M	11.70M	11.30M	10.62M
Depreciation & Amortization	0.00	5.18M	5.54M	5.80M	5.00M	4.53M	4.37M	1.64M	1.80M	1.72M	1.60M	1.33M	2.82M	1.08M	981.00K	323.00K	1.37M	1.63M	2.32M	2.88M	1.40M	1.13M	1.39M	1.29M	980.00K	1.20M	1.00M	0.00	588.15K
EBITDA	0.00	61.22M	55.23M	47.45M	31.84M	45.03M	43.09M	22.45M	22.92M	22.25M	19.97M	0.00	0.00	17.07M	15.32M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA Ratio	0.00%	48.90%	35.96%	30.02%	23.29%	68.68%	60.02%	60.40%	61.90%	62.35%	67.81%	72.97%	84.60%	90.14%	92.64%	112.54%	140.30%	125.44%	94.30%	82.66%	72.93%	77.78%	86.93%	105.41%	100.04%	100.00%	101.38%	98.58%	1,952.56%
Operating Income	74.66M	71.93M	48.63M	41.65M	26.83M	77.07M	70.18M	32.92M	31.51M	30.43M	30.04M	31.28M	32.02M	34.23M	35.43M	37.52M	39.08M	34.21M	24.34M	19.40M	18.17M	19.08M	20.92M	24.83M	23.03M	21.70M	21.10M	20.90M	19.12M
Operating Income Ratio	49.64%	48.28%	35.28%	29.30%	22.57%	64.86%	59.41%	57.53%	58.55%	59.01%	64.39%	70.00%	77.76%	87.38%	90.14%	111.58%	135.55%	119.74%	86.09%	71.99%	67.70%	73.42%	81.54%	100.20%	95.96%	94.76%	96.79%	98.58%	1,894.28%
Total Other Income/Expenses	-17.55M	-19.38M	-20.51M	-22.90M	-23.80M	-15.76M	592.00K	-8.46M	-6.22M	-8.07M	-7.66M	-853.00K	-2.22M	-898.00K	-2.74M	-1.12M	-330.00K	0.00	-19.00K	87.00K	-11.08M	-12.53M	-15.75M	-17.62M	-13.80M	-12.00M	-11.70M	-11.30M	-10.62M
Income Before Tax	57.12M	54.85M	48.63M	41.65M	26.83M	40.50M	42.62M	20.81M	21.12M	20.53M	18.37M	17.41M	15.51M	14.79M	14.34M	11.12M	10.18M	9.76M	9.01M	7.86M	7.10M	6.55M	5.17M	7.22M	9.23M	9.70M	9.40M	9.60M	8.49M
Income Before Tax Ratio	37.97%	36.81%	35.28%	29.30%	22.57%	34.08%	36.08%	36.36%	39.25%	39.80%	39.39%	38.97%	37.65%	37.77%	36.49%	33.06%	35.29%	34.17%	31.85%	29.15%	26.45%	25.22%	20.16%	29.12%	38.46%	42.36%	43.12%	45.28%	841.63%
Income Tax Expense	12.27M	11.29M	9.33M	8.41M	4.21M	7.56M	16.63M	5.88M	5.97M	5.91M	5.19M	4.94M	4.46M	4.13M	3.99M	3.38M	3.02M	2.89M	2.58M	2.12M	1.89M	1.74M	1.66M	2.42M	3.01M	3.10M	3.00M	2.90M	2.62M
Net Income	44.85M	43.56M	39.30M	33.24M	22.62M	32.94M	25.99M	14.93M	15.15M	14.61M	13.18M	12.47M	11.04M	10.66M	10.35M	7.73M	7.16M	6.88M	6.42M	5.73M	5.21M	4.57M	3.51M	4.80M	6.23M	6.60M	6.40M	6.70M	5.88M
Net Income Ratio	29.82%	29.23%	28.51%	23.39%	19.03%	27.72%	22.00%	26.09%	28.16%	28.34%	28.26%	27.90%	26.82%	27.22%	26.33%	22.99%	24.82%	24.08%	22.72%	21.27%	19.40%	17.56%	13.68%	19.36%	25.93%	28.82%	29.36%	31.60%	582.45%
EPS	2.96	2.90	2.63	2.18	1.46	2.13	1.71	1.65	1.69	1.65	1.49	1.42	1.27	1.18	1.42	1.17	1.05	1.00	0.93	0.82	0.74	0.63	0.48	0.64	0.80	0.43	0.42	0.43	0.76
EPS Diluted	2.95	2.88	2.61	2.18	1.45	2.12	1.70	1.63	1.67	1.63	1.48	1.41	1.27	1.16	1.39	1.14	1.02	0.98	0.90	0.80	0.72	0.62	0.47	0.64	0.80	0.43	0.42	0.43	0.76
Weighted Avg Shares Out	15.14M	15.04M	14.97M	15.25M	15.54M	15.49M	15.18M	9.07M	8.97M	8.89M	8.85M	8.78M	8.69M	8.51M	6.56M	6.62M	6.83M	6.86M	6.92M	6.97M	7.03M	7.23M	7.38M	7.56M	7.74M	15.50M	7.74M	8.18M	7.71M
Weighted Avg Shares Out (Dil)	15.20M	15.11M	15.05M	15.27M	15.59M	15.56M	15.29M	9.14M	9.09M	8.96M	8.89M	8.82M	8.73M	8.61M	6.71M	6.77M	7.00M	7.02M	7.13M	7.22M	7.21M	7.34M	7.45M	7.56M	7.78M	15.50M	7.74M	8.18M	7.71M

Harbor Management Software Market- Roadmap for Recovery from COVID-19|Need to Improve Business Efficiency to Boost the Market Growth | Technavio

September 23, 2020businesswire.com

The Global Harbor Management Software Market will grow by USD 16.26 mn during 2020-2024

New Post From Your Neighbor

September 22, 2020patch.com

Does anyone know why the lights on the Daniel Webster highway...

New Post From Your Neighbor

September 22, 2020patch.com

We will beat Covid/19....

Harbor Custom Development, Inc. Signs Purchase and Sale Agreement for 9.6 Acres Designated for 144 Unit Multi-Family Rental Project

September 22, 2020einpresswire.com

Harbor Custom Development, Inc. (“Harbor” or the “Company”), (NASDAQ: HCDI), an innovative and market leading real estate company involved in all aspects of the

New Post From Your Neighbor

September 22, 2020patch.com

With all of the proud patriotic families flying the flag in...

New Post From Your Neighbor

September 21, 2020patch.com

Our parrot Chippy flew away?...

Head-To-Head Review: Harbor Custom Development (NASDAQ:HCDI) versus Toll Brothers (NASDAQ:TOL)

September 19, 2020thelincolnianonline.com

Harbor Custom Development (NASDAQ:HCDI) and Toll Brothers (NYSE:TOL) are both finance companies, but which is the superior investment? We will contrast the two businesses based on the strength of their institutional ownership, dividends, profitability, risk, valuation, earnings and analyst recommendations....