--- title: "Bar Habour Bankshares | 10-Q: FY2026 Q1 Revenue: USD 65.66 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285265028.md" datetime: "2026-05-05T20:45:07.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285265028.md) - [en](https://longbridge.com/en/news/285265028.md) - [zh-HK](https://longbridge.com/zh-HK/news/285265028.md) --- # Bar Habour Bankshares | 10-Q: FY2026 Q1 Revenue: USD 65.66 M Revenue: As of FY2026 Q1, the actual value is USD 65.66 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 -19.72 M. #### Overall Financial Performance - **Net Income**: Bar Harbor 银行 (Bar Harbor Bankshares) reported a net income of $13.5 million for the three months ended March 31, 2026, an increase from $10.2 million for the same period in 2025. - **Diluted Earnings Per Share**: Diluted earnings per share rose to $0.81 in Q1 2026 from $0.66 in Q1 2025. - **Net Interest Margin**: The net interest margin improved to 3.54% in Q1 2026, compared to 3.17% in Q1 2025. - **Efficiency Ratio**: The efficiency ratio decreased to 56.92% from 62.00% over the same periods. - **Total Assets**: Total assets were approximately $4.7 billion at March 31, 2026. #### Cash and Cash Equivalents - **Total Cash and Cash Equivalents**: Increased to $82.2 million at March 31, 2026, from $80.8 million at December 31, 2025, primarily due to loan payoffs. - **Interest-Earning Deposits with Other Banks**: Increased to $46.6 million from $35.9 million, with a quarter-end yield of 3.90% compared to 4.53% at December 31, 2025. #### Securities - **Available-for-Sale Debt Securities**: Stood at $598.0 million at March 31, 2026, a slight increase from $597.4 million at December 31, 2025. - **Net Unrealized Losses**: Increased to $52.4 million from $47.5 million, with $6.7 million attributed to fair value hedged municipal securities. - **Security Purchases**: The company purchased $25.2 million in securities during the quarter. - **Paydowns and Calls**: Experienced $19.3 million in paydowns and calls. - **Net Accretion**: Recorded $411 thousand in net accretion. - **Weighted Average Yield (Securities Portfolio)**: Was 4.05% for the quarter-to-date, up from 4.03% at the end of Q4 2025. - **Average Life of Securities Portfolio**: 7.6 years. - **Effective Duration of Securities Portfolio**: 5.4 years. #### Loans - **Total Loans**: Decreased by $20.6 million to $3.6 billion in Q1 2026 compared to Q4 2025, mainly due to commercial real estate payoffs. - **Commercial Real Estate Loans**: Decreased by $30.2 million, including one early payoff of $14.4 million and $24.4 million in matured loans. - **Loans Held for Sale**: Increased to $11.5 million from $5.3 million, with $23.6 million originated and $16.2 million sold during the quarter. - **Allowance for Credit Losses on Loans**: Increased to $34.3 million at March 31, 2026, from $34.1 million at December 31, 2025. - **Provision for Credit Losses on Loans**: Was $305 thousand in Q1 2026, compared to - $57 thousand in Q1 2025. - **Non-Accrual Loans**: Increased to $23.1 million at March 31, 2026, from $11.6 million at December 31, 2025. - **Collateral-Dependent Loans**: Increased significantly to $16.0 million at March 31, 2026, from $5.2 million at December 31, 2025, primarily driven by commercial real estate non-owner occupied loans. #### Deposits - **Total Deposits**: Increased by $46.4 million to $3.87 billion at March 31, 2026, from $3.82 billion at December 31, 2025. - **Non-Interest Bearing Demand Deposits**: Decreased to $651.3 million from $670.8 million. - **Interest-Bearing Demand Deposits**: Increased to $1.15 billion from $1.14 billion. - **Savings Deposits**: Grew to $649.3 million from $635.3 million. - **Money Market Deposits**: Increased to $493.4 million from $464.8 million. - **Time Deposits**: Increased to $920.8 million from $912.6 million, including brokered deposits of $169.6 million and reciprocal deposits of $80.6 million. #### Borrowings - **Total Borrowings**: Decreased to $215.7 million at March 31, 2026, from $269.6 million at December 31, 2025. - **Short-Term Borrowings**: Decreased to $80.3 million from $134.8 million. - **Long-Term Borrowings**: Slightly increased to $135.4 million from $134.8 million. - **Weighted Average Rate on Total Borrowings**: Was 5.20% at March 31, 2026, up from 4.93% at December 31, 2025. - **Federal Home Loan Bank (FHLB) Advances**: Decreased by $54.5 million during the quarter. - **Available Credit Lines**: The company has access to $94.5 million in secured lines of credit at the Federal Reserve Bank and an unused unsecured federal funds line of credit of $40.0 million. #### Capital Ratios - **Regulatory Capital Status**: Bar Harbor 银行 (Bar Harbor Bankshares) and its subsidiary, Bar Harbor Bank & Trust, exceeded all regulatory capital requirements and were considered well capitalized as of March 31, 2026. - **Total Capital to Risk-Weighted Assets**: 13.43%. - **Common Equity Tier 1 Capital to Risk-Weighted Assets**: 11.22%. - **Tier 1 Capital to Risk-Weighted Assets**: 11.77%. - **Tier 1 Capital to Average Assets (Leverage Ratio)**: 9.66%. #### Other Intangible Assets and Goodwill - **Goodwill**: Remained stable at $141.8 million at March 31, 2026. - **Other Intangible Assets**: Totaled $15.8 million, down from $16.4 million at December 31, 2025. - **Amortization Expense for Intangibles**: Was $582 thousand in Q1 2026, compared to $233 thousand in Q1 2025. #### Future Outlook and Strategy Bar Harbor 银行 (Bar Harbor Bankshares) expects to recover the amortized cost basis on all securities in its available-for-sale portfolio and does not intend or anticipate being required to sell any securities in an unrealized loss position prior to their recovery. No measurement-period adjustments related to the Guaranty Bancorp, Inc. acquisition were recognized during the three months ended March 31, 2026, as the acquisition accounting remains provisional. ### Related Stocks - [BHB.US](https://longbridge.com/en/quote/BHB.US.md) ## Related News & Research - [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md) - [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md) - [Correction: NextNRG to Host First Quarter 2026 Financial Results Conference Call on May 18, 2026 at 9:00 a.m. ET | NXXT Stock News](https://longbridge.com/en/news/286673001.md) - [Hafnia’s Q1 2026 Financial Results Presentation to Be Held on 27 May 2026 | HAFN Stock News](https://longbridge.com/en/news/287014236.md) - [Keysight Technologies Reports Second Quarter 2026 Results | KEYS Stock News](https://longbridge.com/en/news/286959830.md)