bar harbor bankshares investor relations

2021/05/21

GAAP net income8,640 9,480 9,025 11,028 9,766 39,299 Plus (less):Gain sale of securities, net(3,959) - (50) (1,930) (890) (2,870) (Gain) loss on sale of fixed assets, net(122) 8 1 (146) 515 378 Loss on other real estate owned(11) - - - - - Loss on debt extinguishment- - - 1,768 1,083 2,851 Acquisition, restructuring and other expenses4,849 889 552 318 (92) 1,667 Income tax expense1(179) (213) (119) (2) (144) (479) Total core earnings2 (A)9,218$ 10,164$ 9,409$ 11,036$ 10,238$ 40,846$ Net-interest income(B)$25,362$23,422$22,754$25,582$23,81595,573 Plus: Non-interest income 14,723 10,248 9,505 11,350 11,158 42,261 Total Revenue 40,085 33,670 32,259 36,932 34,973 137,834 Plus: Gain on sale of securities, net (3,959) - (50) (1,930) (890) (2,870) Total core revenue2 (C)$36,126$33,670$32,209$35,002$34,083134,964 Total non-interest expense 27,816 22,491 21,724 23,372 22,921 90,508 Less: Gain (loss) on sale of premises and equipment, net122 (8) (1) 146 (515) (378) Less: Loss on other real estate owned11 - - - - - Less: Loss on debt extinguishment- - - (1,768) (1,083) (2,851) Less: Acquisition, restructuring and other expenses (4,849) (889) (552) (318) 92 (1,667) Core non-interest expense2 (D)$23,100$21,594$21,171$21,432$21,41585,612 YTD 2021Dollar values in thousands, except per share amounts or otherwise noted2020Q42021Q12021Q22021Q32021Q4, Non-GAAP to GAAP Reconciliations (continued)211Assumes a marginal tax rate of 23.71%.2Non-GAAP financial measure.3Efficiency ratio is computed by dividing core non-interest expense net of franchise taxes and intangible amortization divided bycore revenue on a fully taxable equivalent basis. The Fed's preferred inflation gauge spiked higher last month, suggesting consumer price pressures will extend through the summer months. You will find the information under the "Plan Purchase Options" section of the website. A custodial registration for a minor is a common form of this registration type. IMPORTANT: You must be able to provide the name of the security, the certificate number(s), the name of the registered owner(s), and the number of shares in all communications. What are "street name shares" or "beneficial shares"? The signature(s) must be guaranteed by a financial institution participating in an officially recognized Medallion Signature Guarantee Program (see below). Bar Harbor Bankshares (BHB) is a Top Dividend Stock Right Now: Should You Buy? Get actionable market insights from a team of experts who You may obtain a surety bond from our independent insurance provider, The Chubb Corporation. How can I sell my shares that are held in certificate form? Item 9.01 Financial Statements and Exhibits, Cover Page Interactive Data File the cover page XBRL tags are embedded within the Inline XBRL document. Box 1342 Brentwood, NY 11717 Phone:1-877-456-4860 Fax:215-553-5402 shareholder@broadridge.com. Bar Harbor Bankshares is primarely in the business of state commercial banks.

If so, you may enroll in the plan in any of the following ways: Make the investment via your online account. How do I transfer my stock and retain as registered shares? Include any additional instructions indicating how you wish the shares to be transferred. For additional discussion of such factors, please see the Companys most recent reports on Forms 10-K and 10-Q filed with the Securities and Exchange Commission and available on the SECs website at www.sec.gov. These instructions should provide the name, address and social security number for each transferee and should indicate the number of shares to be transferred. In some cases additional documents will be required to complete the transfer. DRIPs offer shareholders the convenience of reinvesting dividends, minimizing the expense and effort associated with dividend checks. Changing plan electionsYou may change your plan investment decisions by taking the following steps: Selling shares held in a planYou may sell shares held in a plan by taking one of the following steps: When will I receive my 1099?Form 1099s are typically mailed or sent electronically in January according to IRS guidelines. If you have not established an online account, you may follow the online instructions or contact us via the 800 number on your account statement or this site. If you wish to move your shares from registered to beneficial ownership, Broadridge or your broker will help you do so. Please indicate if the registered stockholder is deceased so the appropriate documents may be forwarded to you. This page includes all SEC registration details as well as a list of all documents (S-1, Prospectus, Current Reports, 8-K, 10K, Annual Reports) filed by Bar Harbor Bankshares. below): Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425), Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12), Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)), Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act, Name of each exchange on which registered. Dividend Reinvest Plans (DRIP) and Direct Stock Purchase Plans (DSPP) are plans provided on behalf of corporations to simplify investment activity. In some cases additional documents will be required to complete the transfer. Averages Total average earning assets(E)$3,388$3,359$3,398$3,412$3,440$3,373Total average assets (F)3,756 3,717 3,746 3,764 3,764 3,718 Total average shareholders equity (G)408 407 413 421 423 414 Performance ratios GAAP return on assets 0.92%1.03%0.97%1.16%1.02%1.06%Core return on assets2(A/F)0.98%1.11%1.01%1.16%1.07%1.10%GAAP return on equity 8.42%9.45%8.77%10.38%9.16%9.50%Core return on equity2(A/G)8.99%10.14%9.14%10.39%9.60%9.87%Efficiency ratio2,3(D-O-Q)/(C+N)61.98%61.95%63.45%59.18%60.74%61.29%Net interest margin(B+P)/E3.02%2.88%2.74%3.02%2.79%2.88%Supplementary DataTaxable equivalent adjustment for efficiency ratio(N)$542$595$586$576$573$2,330Franchise taxes included in non-interest expense(O)117 125 128 143 132 528 Tax equivalent adjustment for net interest margin(P)396 433 430 421 369 1,653 Intangible amortization(Q)256 241 233 233 233 940 Dollar values in thousands, except per share amounts or otherwise noted2020Q42021Q12021Q22021Q32021Q4YTD 2021, Interest Rate Risk Analysis22On a quarterly basis, the company measures and reports NII and EVE at risk to isolate the change in income and value related solely to interest-earning assets and interest-bearing liabilities. Several types of Joint Registration exist including Joint Tenants with right of survivorship, Tenants by the Entirety and Tenants in common. Title 17 of the Code of Federal Regulations. 2022 Broadridge Financial Solutions, Inc. Learn more at barharbor.bank and barharborwealth.com. Exclusive newsletter delivered to your inbox daily covering important investing Please refer to page two of the Legal Transfer Form for additional document requirements based on your stock transferring situation. The Company also calculates core earnings per share based on its measure of core earnings. A surety bond is typically obtained by paying a premium to the surety company equal to 2% of the current value of the shares being replaced. Broadridge can support the sale of your shares if they are held in DRS (no certificates) as part of a Dividend Reinvest Plan (DRIP), Employee Stock Purchase Plan (ESPP) or Direct Stock Purchase Plan (DSPP). Assets7.51%7.60%7.90%8.32%7.73%8.22%8.08%8.32%Tier 1 Leverage Ratio8.53%8.13%8.12%8.66%8.27%8.36%8.54%8.66%Total Risk-Based Capital Ratio14.23%13.61%13.56%14.32%13.83%13.96%14.12%14.32%Net Income$33.0$22.6$32.2$39.3$9.0$9.1$11.0$9.8Core ROAA0.99%0.82%0.93%1.10%1.11%1.01%1.16%1.07%Core ROAE9.79%7.65%8.68%9.87%10.14%9.14%10.39%9.60%Net Interest Margin2.87%2.77%2.97%2.88%2.78%2.67%2.75%2.79%Efficiency Ratio59.27%64.95%61.71%61.29%61.95%63.45%59.18%60.74%NPLs / Loans0.73%0.65%0.48%0.40%0.55%0.54%0.48%0.40%NPAs / Assets0.57%0.42%0.33%0.27%0.38%0.37%0.33%0.27%Reserves / Loans0.56%0.66%0.74%0.90%0.93%0.91%0.89%0.90%NCOs / Average Loans0.05%0.03%0.07%0.01%0.03%0.01%0.03%-0.02%Yield on Earning Assets4.00%4.14%3.87%3.33%3.46%3.24%3.41%3.10%Cost of Interest Bearing Deposits0.98%1.27%0.78%0.36%0.51%0.45%0.27%0.24%Cost of Total Interest Bearing Liabilities1.31%1.61%0.96%0.59%0.72%0.66%0.50%0.41%Current Stock Price$28.93Price / BV102%52 Week High$32.94Price / TBV146%52 Week Low$21.26Price / LTM EPS11.08xMarket Capitalization$434.0Dividend Yield3.32%Asset QualityYield and CostMarket Information For the Quarter Ended,Dollar values in millions, except per share amounts or otherwise notedFor the Year Ended,Balance SheetCapitalEarnings & Profitability, Non-GAAP to GAAP Reconciliations201Assumes a marginal tax rate of 23.71%.2Non-GAAP financial measure.3Efficiency ratio is computed by dividing core non-interest expense net of franchise taxes and intangible amortization divided bycore revenue on a fully taxable equivalent basis. The use of a first name is desirable. Its products and services consist of checking, deposits, cards, mobile banking, online services, loans, merchant services, trust, and fiduciary services, investment planning, education funding, individual retirement planning, insurance, and risk management services. Bar Harbor Financial Services (a branch of Infinex Investments, Inc.) operates as an independent third party brokerage service to round out the Companys full service financial solutions to its customers and clients. Joint Tenants with Rights of Survivorship, This registration is used when two or more individuals have equal claim to the shares.

Request that Broadridge facilitate the sale of your shares by completing the form attached to your account statement and returning it to Broadridge. Despite continued inflationary pressures in fuel, energy, and transportation costs, were making progress on costs," said CEO Andy Jazzy. A reconciliation of non-GAAP financial measures to GAAP measures is provided in the first quarter of earnings release, which can be found at www.bhbt.com/shareholder-relations. How should shares for transfer be mailed to Broadridge? Transfer agents are obligated to ensure that such stamps appear on the transfer documents and are entitled to refuse a transfer of shares if a signature is not guaranteed with a stamp. Non-GAAP financial measures are not a substitute for GAAP measures; they should be read and used in conjunction with the Companys GAAP financial information. Notification via fax to: (215) 553-5402; attention Lost Securities Dept. Securities held in a brokerage account, and registered in the name of the broker or other institution, are referred to as being in "street name" or "beneficial shares." Signature Guarantee Programs have been developed and eligible financial institutions which subscribe to such programs are issued "Medallion Guarantee Stamps". For financial reporting, their fiscal year ends on December 31st. The Companys non-GAAP core earnings information set forth is not necessarily comparable to non-GAAP information which may be presented by other companies. Management also believes that the computation of non-GAAP core earnings and core earnings per share may facilitate the comparison of the Company to other companies in the financial services industry. Bar Harbor Bankshares Incc is a bank holding company along with its subsidiaries offers a full range of financial services products, brokerage services through third party brokerage arrangement and also trust and investment management services to individuals, businesses, non-profit organisations, and municipalities. Company mailings, including dividends, will reach you through your broker. The investor presentation is also available on the Companys website located at www.barharbor.bank/sec-filings. Bar Harbor Bankshares Inc is a bank holding company along with its subsidiaries that offers a full range of financial services products, brokerage services through third-party brokerage arrangements and also trust and investment management services to individuals, businesses, non-profit organizations, and municipalities. Change your elections by completing the form on your account statement and returning it to Broadridge. Mail your certificates to Broadridge at the address below with a completed Legal Transfer Form which can be downloaded at the right: The Legal Transfer Form must be appropriately signed by all registered holders, exactly as the name(s) appear on the face of the certificate(s) or must be accompanied by a stock power bearing the appropriate signature(s). For example: Mary Smith Cust Don Smith NY Unif Trans Min Act.

These non-GAAP measures are intended to provide the reader with additional supplemental perspectives on operating results, performance trends, and financial condition. The costs associated with DSPPs may be higher or lower than the costs of using a broker. real-time trade alerts, analysis of major market events, and key opportunities. You will find the information under the "Dividend Payment Options" section of the website. Jul 29, 16:00, Bar Harbor Bankshares Posts Higher Q2 Core Earnings, Revenue, Bar Harbor Bankshares (BHB) Matches Q2 Earnings Estimates, -- Earnings Flash (BHB) BAR HARBOR BANKSHARES Posts Q2 Revenue $35.5M, -- Earnings Flash (BHB) BAR HARBOR BANK AND TRUST Posts Q2 EPS $0.70, Bar Harbor Bankshares Reports Second Quarter Results; Declares Dividend, Why Bar Harbor Bankshares (BHB) is a Top Dividend Stock for Your Portfolio. Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). The Bank operates over 50 banking branches in Maine, New Hampshire, and Vermont. actually invest, trade, and manage money for a living.

In the event of loss, a surety bond of 2% will be required to replace the certificates. This quarters record results speak to Apples constant efforts to innovate, said CEO Tim Cook. topics pulled from TheStreets premium content. If you have lost your share certificates, we can help replace them, by following these steps: Broadridge Corporate Issuer SolutionsP.O. For example: Mary Jones Tr U/A dtd 4/15/98 The Mary Jones Trust FBO Mary Jones. It is suggested that the shipment be insured for 2% of the current value of the shares.

NYAM | Registering shares in the name of a Trust requires that specific information be provided: the name of the trust and/or the maker or beneficiary and the date of the trust instrument. Bar Harbor Bankshares (NYSE American: BHB) is the parent company of Bar Harbor Bank & Trust, a community bank founded in 1887 and headquartered in Bar Harbor, Maine.

Bar Harbor Wealth Management provides trust services, investment management, estate planning, and financial advisory services for individuals, businesses, nonprofit organizations, and municipal clients throughout Northern New England. Analysts also rely on these measures in estimating and evaluating the Companys performance. 7021: Chartered Banks State Commercial Banks 6022, Director; President and Chief Executive Officer of the Company and BHBT, Executive Vice President, Chief Financial Officer and Treasurer of the Company and BHTS, Executive Vice President, Chief Operating Officer and Chief Risk Officer of BHBT, Executive Vice President and Chief Lending Officer of BHBT, Executive Vice President and Director of Retail Delivery of BHBT, Senior Vice President and Chief Human Resources Officer of BHBT, Bar Harbor Bank & Trust / Bar Harbor Bankshares. You can access your account information from our secure website by clicking on the Shareholder Login link, where you can view and manage the following: Use our Plan Wizard to make your initial investment. Note that this is different from having your signature notarized. Please refer to page two of the Legal Transfer Form for additional document requirements based on your stock transferring situation. Example: Mary Smith & Barbara Smith Ten Com. Include any additional instructions indicating how you wish the shares to be transferred. If you keep your stock with your broker in a broker account, you are a "street name" holder and are not directly registered on the company's records as maintained by the transfer agent. Stocks with insider trader activity include BHB, OAK and CVCO, Stocks with insider trader activity include WSTG, CMPR and BHB, Stocks with insider trader activity include RYL, BHB and AAL, Stocks with insider trader activity include GSBC, BHB and OLBK, Stocks with insider trader activity include BHB, CAR and LIN.

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Visit your online account and change your investment elections in the appropriate plan section. Once you notify us of your certificate loss, we will initiate the process for you and then ask that you finalize the paperwork and submit the appropriate payment for processing. DRIP - You may elect to have your dividends reinvested in any of the following ways: Make the selection via your online account. If the stock issuer supports these stock options, you may deposit your certificated share(s) into the DRS Book Entry form or Plan form in order to sell through Broadridge. There are many options when it comes to securities brokers, so make sure you are choosing one that will best suit your needs. 2022 TheStreet, Inc. All rights reserved. Box 1342Brentwood, NY 11717. Note that all shares held in a plan will be in DRS (book-entry) form. The letter of instruction must be accompanied by a Legal Transfer Form bearing the appropriate signature(s). Bar Harbor Bankshares is a incorporated in the state of Maine. The registered shareholder may be an individual, a trust, a broker, etc. Each non-GAAP measure used by the Company in this report as supplemental financial data should be considered in conjunction with the Companys GAAP financial information.The Company utilizes the non-GAAP measure of core earnings in evaluating operating trends, including components for core revenue and expense. If you hold shares in DRS Book-Entry (no certificate), please follow the steps below: How do I transfer registered shares to beneficial or street shares via my broker? There are several factors that could cause actual results to differ significantly from expectations described in the forward-looking statements, including deterioration in local economies or real estate markets or in the generaleconomy or financial markets, interest rate volatility, loss of deposits or changes in deposit mix, insufficient wholesale funding sources, competition from an ever-increasing array of financial service providers, and challenges from expansion, growth and acquisitions. Certificates will not be issued for shares held in a plan.

An item which management excludes when computing non-GAAP adjusted earnings can be of substantial importance to the Companys results for any particular quarter or year. Should one of the parties die, ownership of the shares passes to the surviving tenant(s). USD |

This quarters results were below the standards we have set for the company and our shareholders," said CEO Pat Gelsinger. Notice: This page details filings for BAR HARBOR BANKSHARES. Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. How can I obtain a copy of my 1099?You may download and print a copy of a Broadridge issued 1099 by accessing your online account at investor.broadridge.com. The broker will then have the shares transferred from Broadridge to your brokerage account. . A registered shareholder is the owner of record on the books of the corporation, generally kept by the transfer agent. The Uniform Commercial Code (UCC) entitles transfer agents and corporate issuers to receive signature guarantees to protect them against fraudulent and unauthorized transfers. A members-only investing club that helps you grow your portfolio with DSPPs offer investors the opportunity to buy shares directly from the corporation, via the transfer agent, often without involving a broker. The NII analysis below shows the impact of instantaneous parallel shifts in the market yield curve for a period of one year while EVE shows a liquidation calculation over the same shifts in the curve.Change in ChangeChangeChange in ChangeChangeInterest RatesNIINIIInterest RatesEVEEVE(basis points)($ millions)( % )(basis points)($ millions)( % )+40032.16 33.90%+40094.40 24.05%+30025.02 26.40%+30081.42 20.75%+20017.32 18.30%+20059.83 15.25%+1008.75 9.20%+10029.91 7.62%-100(3.83) -4.04%-100(111.62) -28.44%As Of December 31, 2021As Of December 31, 2021-10.00%-5.00%0.00%5.00%10.00%15.00%20.00%25.00%30.00%35.00%40.00% (10.00) (5.00) - 5.00 10.00 15.00 20.00 25.00 30.00 35.00+400+300+200+100-100NII Impact$ Change NII% Change NII-40.00%-30.00%-20.00%-10.00%0.00%10.00%20.00%30.00% (150.00) (100.00) (50.00) - 50.00 100.00 150.00+400+300+200+100-100EVE Impact$ Change EVE% Change EVE, 0000743367false00007433672022-02-282022-02-28. Bar Harbor Bankshares, an independent community banking organization, encourages and supports the personal and professional development of its employees; dedicates itself to consistent service of the highest level for all customers; and recognizes its responsibility to be an active participant in, and advocate for, community growth and prosperity. Otherwise, if your shares are not part of such plans, you must take your certificate(s) to a securities broker to sell the shares. Transfer shares to your broker via the transfer process (see FAQ "Ownership Questions"). These measures exclude amounts which the Company views as unrelated to its normalized operations, including securities gains/losses, acquisition costs, restructuring costs, legal settlements, and system conversion costs. Broadridge will send you the documents necessary to obtain replacement certificates along with instructions to complete them. Box 1342Brentwood, NY 11717. There are several custodial registrations possible. Make the selection by filling out the form on your account statement and returning it to Broadridge. If you hold certificates that you wish to transfer, please follow the steps below: Broadridge Corporate Issuer SolutionsP.O. 22, Assets:$3,709Net Loans:$2,509Deposits:$3,049Shareholder Equity:$424NPAs / Total Assets:0.27%Employees (FTE):423 Core Return on Average Assets21.07%Core Return on Average Equity29.60%Net Interest Margin22.79%Stock Price$28.93Market cap (MM)$434Price / LTM Core EPS11.08xPrice / Tangible Book Value (Non GAAP)146%Dividend Yield3.32%Overview of Bar Harbor Bank & TrustWe strive to be one of the most profitable banks in New England; and to provide exceptional service to people, businesses and communities we serveBusiness overviewOver 50 locations spanning Northern New England1$2.5 billion in AUM in wealth management and trustCommercial LPO office in Portland, MaineA second LPO is scheduled to open in VermontDiverse fee income sources have been developedSeasoned management team with strong market knowledge and industry experienceTrack record of generating growthEmployee and customer experience is the foundation of superior performance, which leads to significant financial benefit to shareholdersStrong commitment to risk managementContinued commitment to expanding customer services and products, while growing and diversifying our non-interest income sourcesInvestment in process, products, technology, training, leadership and infrastructureExpansion of the Companys brand and business to deepen market presence3Company OverviewSource: Company filings, includes banking, lending and wealth management service locations across ME, VT and NH1Locations include banking, lending and wealth management services2Ratios calculated on quarter-to-date basisKey Statistics as of December 31, 2021Market Data, Positioned for Future Success52012 -2016Expanded key executives Acquired Border Trust Company (2012)Acquired Lake Sunapee Bank Group (2016)2017 -2019Expanded key lending and retail executivesUpgraded core systemsExpanded treasury services BusinessExpanded footprint in critical Southern New Hampshire and Central Maine geographies2020 and BeyondBranch acquisition and divestiture activitiesExecuted on several profitability initiativesFocusing on diversifying income and opportunistically position the balance sheetMerging wealth business & upgrading systems, Seasoned Management TeamSeasoned LeadershipExecutive team has an average of over 26 years experienceColleagues understand the value of working together to deliver results6Curtis C. SimardPresident & Chief Executive OfficerJoined as President and CEO of Bar Harbor Bank & Trust in June of 2013Served as Managing Director of Corporate Banking for TD BankOver 25+ years of industry experienceJosephine IannelliEVP, Chief Financial Officer & TreasurerJoined in October of 2016Served as EVP, CFO & Treasurer of Berkshire Hills Bancorp as well as various management positions at PNCOver 25+ years of industry experienceJennifer SvensonSVP, Human ResourcesJoined in June of 2019Has over 30+ years of experience in human resources across various financial services industriesMarion ColomboEVP, Director of Retail DeliveryJoined in February of 2018Over 30+ years of experience, including Market President of Retail for TD Bank in BostonJohn MercierEVP, Chief Lending OfficerJoined in April of 2017Over 30+ years of experience in lending throughout the NortheastJohn WilliamsSVP, Chief Risk OfficerJoined in December of 20149+ years in various risk management roles within bankingJason EdgarPresident Bar Harbor Trust Services and Charter Trust CompanyJoined in June of 2019Served as SVP, Director of Wealth Management at Berkshire Hills Bancorp and has over 20+ years industry experienceJoseph ScullySVP, Chief Information Officer & Director of OperationsJoined in January of 2015Over 30+ years of experience in operations, technology & security experience, including the Department of Defense and Financial Institutions, Committed to Building Thriving CommunitiesVolunteer community service hours.

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