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what it is
Bar Harbor Bankshares is a community bank that takes deposits, makes loans, and sells wealth and insurance services.
how it gets paid
Last year Bar Harbor made $210M in revenue. Net interest income was the main engine at $147M, or 70% of sales.
why it's growing
Revenue grew 11.0% last year. Ignore triple-digit quarter-over-quarter figures unless you reconcile fiscal periods—community banks rarely double revenue in one quarter.
what just happened
A normal quarter is on the order of ~$52M in revenue (roughly one-fourth of ~$210M FY). The last consensus-style print was near $0.54 EPS—treat any much larger quarterly revenue as a period-mix artifact until filings confirm.
At a glance
B balance sheet — gets the job done, barely
75/100 earnings predictability — reasonably predictable
14.2x trailing p/e — the market's not buying it — or you found a deal
4.1% dividend yield — cash in your pocket every quarter
$2.84 fy2024 eps est
xvary composite: 62/100 — average
What they do
Bar Harbor Bankshares is a community bank that takes deposits, makes loans, and sells wealth and insurance services.
This is a local bank, which means your edge is trust and habit. Bar Harbor has been around since 1887, employs 458 people, and keeps customer relationships sticky through checking, mortgages, business lending, and wealth services under one roof. Community banking moat (local deposit base and repeat relationships) → customers keep their money and borrowing in one place → so what: that supports a 4.1% dividend yield and a strong risk rank versus typical small banks.
How they make money
$210M
annual revenue · their business grew +11.0% last year
net interest income
$147M
deposit service charges
$17M
wealth and trust services
$15M
insurance and brokerage
$13M
card, cash management, and other fees
$18M
The products that matter
spread lending and deposits
Net Interest Income
$147M · 70% of ~$210M FY
Matches net interest income on the revenue bridge. It pays for most of the dividend, which is why any squeeze on deposit spreads shows up fast in earnings.
core engine
fees and advisory
Wealth Management and Other Fees
~$63M · ~30% of revenue
Fees and non-interest income sit in the remaining revenue lines. They matter because they do not move in lockstep with net interest margin.
diversifier
commercial and consumer loans
Lending Book
feeds $147M of net interest income
Loan growth and credit quality are the quiet part here. On a $210M revenue base, you do not need a huge underwriting mistake for it to matter.
credit watch
Key numbers
$210M
annual revenue
That is the real size of the business from EDGAR, which matters more than the tiny market cap story around it.
$2.84
FY2024 EPS
Earnings per share → profit per share you own → so what: this is the number behind the 14.2x P/E.
4.1%
dividend yield
Dividend yield → cash paid back to shareholders each year → so what: BHB pays you while you wait.
$291M
long-term debt
Long-term debt → money the bank owes over time → so what: leverage adds risk if credit quality cracks.
Financial health
B
strength
- balance sheet grade B — adequate — nothing special
- risk rank 2 — safer than 80% of stocks
- price stability 65 / 100
- long-term debt $291M (36% of capital)
B — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for BHB right now.
source: institutional data · return history unavailable
What just happened
latest quarter
Order-of-magnitude quarter: about $52M revenue (¼ of ~$210M FY) and EPS near $0.54 on consensus-style feeds.
Full-year revenue was $210M, up 11%. If you see a single quarter near full-year sales or triple-digit vs. prior year spikes, re-check fiscal period labels before trading on them.
~$52M
revenue (q)
~$0.54
eps (Q)
11.0%
fy revenue growth
the number that mattered
The $210M full-year revenue anchor matters: any quarterly print should be a fraction of that unless filings show a merger or restatement.
source: EDGAR SEC filings, 2026
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What could go wrong
the #1 risk here is net interest margin compression at a New England community bank with 82.4% of revenue tied to spread income.
high
margin compression
Net profit margin fell from 29.3% to 22.6%. That is a 6.7 percentage-point drop on a bank that still gets 82.4% of revenue from net interest income.
On a $210M revenue base, that gap is about $14M of annual earning power.
med
premium multiple risk
The stock trades at 14.2x trailing earnings versus its own five-year average of 10.8x. That is rich for a bank with lower annual earnings and a still-unsettled margin story.
A move back to the historical average implies roughly 24% downside before dividends.
med
reported vs. adjusted earnings gap
Q4 core EPS was $0.93, but GAAP EPS was $0.70. When the adjusted number and the reported number keep telling different stories, investors usually pay less for the stock, not more.
That gap matters because the stock already trades at a 31% premium to its own normal multiple.
low
regional concentration
BHB operates more than 50 branches, but all within one region. A New England slowdown would pressure deposits, loan demand, and credit quality at the same time.
With $291M of long-term debt equal to 36% of capital, this is manageable — until the local economy stops cooperating.
If profitability stays at 22.6% instead of returning toward 29.3%, you're underwriting a lower-earning bank at a higher-than-normal multiple.
source: institutional data · regulatory filings · risk analysis
Pay attention to
the key metric
net profit margin
22.6% is the number on trial. If that keeps falling, the 14.2x multiple will look expensive in a hurry.
calendar
Q1 2026 earnings report
Estimated for April 16, 2026. You want to see whether the Q4 core beat was the start of stabilization or just a cleaner quarter.
valuation
14.2x vs. 10.8x
The stock is trading above its own five-year average multiple. That premium only works if earnings stop sliding.
risk
core EPS vs. GAAP EPS
Q4 showed $0.93 core EPS and $0.70 GAAP EPS. If those two numbers keep drifting apart, investors will ask harder questions about earnings quality.
Analyst rankings
earnings predictability
75 / 100
The numbers are reasonably steady. In human-speak, analysts see this as a bank that usually behaves like a bank, not a quarterly surprise machine.
risk rank
2
Lower is safer. A 2 means the stock screens as less risky than most equities, even if the earnings story is still under pressure.
beta
0.69
Beta measures how much a stock moves versus the market. At 0.69, BHB has historically moved less than the index.
source: institutional data
Institutional activity
institutional ownership data for BHB is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$31
current price
n/a
target midpoint · n/a from current
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