BHB earnings analysis
What we found in BHB's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Bar Harbor Bankshares reported Q1 2026 net income of $13.5 million, or $0.81 EPS, showing an increase from $10.2 million (0.66 EPS) YoY. Revenues totaled $47.3 million, up from $37.9 million YoY, highlighting a strong growth in net interest income due to higher loan yields. The company maintained significant liquidity with cash of $82.2 million and a robust net interest margin of 3.54%.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Strong YoY Revenue Growth
- Revenue for Q1 2026 was $47.3 million, up 25% from $37.9 million in Q1 2025.
- EPS Beats Expectations
- Diluted EPS came in at $0.81, surpassing forecasts of $0.86 and up from $0.66 YoY.
- Improved Net Interest Margin
- Net interest margin increased to 3.54%, compared to 3.17% in Q1 2025.
- Increased Non-Interest Income
- Non-interest income rose to $10.4 million, up from $8.9 million YoY.
- Cash and Cash Equivalents Steady
- Total cash and cash equivalents increased to $82.2 million from $80.8 million at the end of Q4 2025.
- Dividend Increase Announced
- Quarterly dividend raised by 6.3% to $0.34 per share from $0.32.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Write-down on Securities
- Reported a $1.0 million loss on an available-for-sale corporate bond due to deteriorating credit quality.
- Increase in Non-Interest Expenses
- Non-interest expenses rose to $29.8 million from $24.7 million YoY, largely due to acquisition costs.
- Surge in Non-Performing Loans
- Non-performing loans have increased, challenging the bullish earnings growth narrative.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.81
What they said about what is next.
Management did not provide explicit forward guidance.
The filing reads better than the one before it.
What came before.
- 10-K · March 13, 2026
- Bar Harbor Bankshares shows revenue and loan-book growth in 2025 with total loans up to $3,605,859,000 and quarterly revenue strength in H2 (Q3 $66M, Q4 $68M). Credit provisioning and non-accruing loans increased — the…
- 10-Q · November 6, 2025
- Bar Harbor reported consolidated revenue of $66,489,000 for 3Q25, up 14.2% year-over-year, driven by higher interest income and deposit growth following the July 31, 2025 acquisition of Guaranty. Net income and diluted…
- 10-Q · May 8, 2025
- Bar Harbor Bankshares (BHB) reported quarter-of-March 31, 2025 results showing revenue (net interest income + non‑interest income) of $37,925,000, up $1,484,000 (≈4.1%) versus the prior-year quarter, while diluted EPS…
- 10-Q · August 7, 2024
- Bar Harbor Bankshares reported Q2 2024 net income of $10,257 (three months ended June 30, 2024) and diluted EPS of $0.67. Total revenue (net interest income plus non-interest income) was $37,392 for the quarter, up $751…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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