--- title: "Bar Habour Bankshares | 8-K: FY2026 Q1 Revenue: USD 47.29 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/283554316.md" datetime: "2026-04-21T20:25:33.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/283554316.md) - [en](https://longbridge.com/en/news/283554316.md) - [zh-HK](https://longbridge.com/zh-HK/news/283554316.md) --- # Bar Habour Bankshares | 8-K: FY2026 Q1 Revenue: USD 47.29 M Revenue: As of FY2026 Q1, the actual value is USD 47.29 M. EPS: As of FY2026 Q1, the actual value is USD 0.81, missing the estimate of USD 0.86. EBIT: As of FY2026 Q1, the actual value is USD 35.53 M. ### Operational Metrics - **Quarterly Cash Dividend**: Bar Harbor Bankshares’ Board of Directors declared a quarterly cash dividend of $0.34 per share, payable on June 18, 2026, to shareholders of record on May 21, 2026 . This represents an increase of $0.02 per share from the previous quarter’s $0.32 per share . - **Share Repurchase Plan**: The Board of Directors approved a repurchase plan for up to 5% of its outstanding common stock, approximately 837,000 shares as of March 31, 2025, which remains subject to regulatory approval and is authorized for up to twelve months . - **GAAP Net Income**: Bar Harbor 银行 reported $13.5 million in Q1 2026, compared to $11.8 million in Q4 2025 . - **Core Earnings (Non-GAAP)**: Core earnings were $14.7 million in Q1 2026, compared to $15.5 million in Q4 2025 . - **Net Interest Margin**: The net interest margin was 3.54% in Q1 2026, an increase from 3.17% in Q1 2025 . - **Return on Assets (GAAP)**: Was 1.18% in Q1 2026 . - **Core Return on Assets (Non-GAAP)**: Was 1.28% in Q1 2026 . - **Return on Equity (GAAP)**: Was 10.13% in Q1 2026 . - **Core Return on Equity (Non-GAAP)**: Was 11.03% in Q1 2026 . - **Efficiency Ratio (Non-GAAP)**: Was 56.92% in Q1 2026, an improvement from 57.24% in Q4 2025 . - **New Customer Accounts**: Over 1,500 new customer accounts were opened during the quarter . ### Financial Condition (Q1 2026 vs Q4 2025) - **Total Assets**: Remained constant at $4.7 billion at the end of Q1 2026 . - **Total Cash and Cash Equivalents**: Increased to $82.2 million at the end of Q1 2026, from $80.8 million at the end of Q4 2025 . - **Interest-earning deposits with other banks**: Increased to $46.6 million at the end of Q1 2026, from $35.9 million at the end of Q4 2025 . - **Available-for-sale debt securities**: Were $598.0 million at the end of Q1 2026, compared to $597.4 million at the end of Q4 2025 . Portfolio unrealized losses increased to $45.7 million from $41.7 million in Q4 2025 . - **Federal Home Loan Bank stock**: Decreased by $1.7 million to $9.6 million at the end of Q1 2026, from $11.3 million at the end of Q4 2025 . - **Total Loans**: Decreased by $20.6 million to $3.6 billion in Q1 2026 compared to Q4 2025 . Commercial real estate loans decreased $30.2 million, residential real estate loans decreased $8.1 million, while commercial and industrial loans increased 24% on an annualized basis . Loans held for sale were $11.5 million in Q1 2026, up from $5.3 million in Q4 2025 . - **Allowance for Credit Losses (ACL) on loans**: Remained stable at $34.3 million at the end of Q1 2026, compared to $34.1 million at the end of Q4 2025 . The ACL to total loans coverage ratio was 0.96% in Q1 2026, similar to 0.94% in Q4 2025 . - **Premises and equipment**: Increased to $58.9 million in Q1 2026, from $58.2 million at the end of Q4 2025 . - **Bank owned life insurance**: Decreased $6.4 million, or 7%, due to death benefit payouts . - **Total Deposits**: Were $3.9 billion at the end of Q1 2026, an increase from $3.8 billion at the end of Q4 2025 . Non-maturity deposits from new customers increased by $17.2 million, and time deposits increased by $8.2 million, including $4.8 million from new customers and an $18.0 million increase in brokered deposits . - **Total Borrowings**: Decreased $53.9 million to $215.7 million in Q1 2026, from $269.6 million in Q4 2025 . - **Book Value per Share**: Was $32.13 at the end of Q1 2026, compared to $31.88 at the end of Q4 2025 . - **Tangible Book Value per Share (Non-GAAP)**: Was $22.71 at the end of Q1 2026, compared to $22.41 at the end of Q4 2025 . ### Results of Operations (Q1 2026 vs Q1 2025) - **Total Interest and Dividend Income**: Increased by 16%, or $7.7 million, to $55.3 million in Q1 2026, from $47.5 million in Q1 2025 . Yields on earning assets grew to 5.27% in Q1 2026, from 5.16% in Q1 2025, and loan yield expanded 8 basis points to 5.50% . - **Total Interest Expense**: Decreased by $153 thousand in Q1 2026 compared to Q1 2025, with deposit costs down $623 thousand year-over-year, while borrowing costs increased $470 thousand, or 16%, year-over-year . - **Provision for Credit Losses on Loans**: Was $305 thousand in Q1 2026, compared to a recapture of -$57 thousand in Q1 2025, with net charge-offs being minimal at -$42 thousand . - **Provision for Investment Losses**: There was no provision for investment losses in Q1 2026, compared to a $636 thousand provision in Q1 2025 . - **Loss on Available-for-Sale Debt Securities**: A loss of -$1.0 million was recorded in Q1 2026 . - **Non-Interest Income**: Increased $1.5 million to $10.4 million in Q1 2026, from $8.9 million in Q1 2025, primarily driven by a $1.3 million gain on death benefit from bank owned life insurance . Trust management fee income increased $199 thousand due to a 7%, or $183.5 million, increase in assets under management . - **Non-Interest Expenses**: Increased $5.2 million to $29.8 million in Q1 2026, from $24.7 million in Q1 2025, including $1.5 million in expenses related to the Woodsville acquisition . Salaries and benefits increased $2.0 million to $15.8 million, occupancy and equipment increased $711 thousand, amortization of intangibles increased $349 thousand, and other expenses increased $854 thousand . A loss on sale of premises and equipment was $134 thousand . - **Income Tax Expense**: Was $3.6 million for Q1 2026, compared to $2.5 million for Q1 2025 . The GAAP effective tax rate was 21.09% in Q1 2026, compared to 19.57% in Q1 2025 . ### Outlook / Guidance Bar Harbor 银行 is pleased with its strong start to the year and remains committed to profitable growth and maintaining a stable net interest margin . 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