Bar Habour Bankshares | 10-Q: FY2025 Q3 Revenue: USD 47.53 M

Revenue: As of FY2025 Q3, the actual value is USD 47.53 M.

EPS: As of FY2025 Q3, the actual value is USD 0.54, missing the estimate of USD 0.83.

EBIT: As of FY2025 Q3, the actual value is USD -25.92 M.

Financial Metrics by Segment

Segment Revenue

• Interest and Dividend Income: $55,922 thousand for the three months ended September 30, 2025, compared to $48,580 thousand for the same period in 2024. For the nine months ended September 30, 2025, it was $152,148 thousand compared to $141,241 thousand in 2024.

Operational Metrics

• Net Income: $8,855 thousand for the three months ended September 30, 2025, compared to $12,193 thousand for the same period in 2024. For the nine months ended September 30, 2025, it was $25,158 thousand compared to $32,545 thousand in 2024.
• Provision for Credit Losses on Loans: $3,749 thousand for the three months ended September 30, 2025, compared to $228 thousand for the same period in 2024. For the nine months ended September 30, 2025, it was $4,220 thousand compared to $1,102 thousand in 2024.
• Non-Interest Income: $10,567 thousand for the three months ended September 30, 2025, compared to $9,653 thousand for the same period in 2024. For the nine months ended September 30, 2025, it was $24,131 thousand compared to $27,496 thousand in 2024.
• Non-Interest Expense: $32,739 thousand for the three months ended September 30, 2025, compared to $24,772 thousand for the same period in 2024. For the nine months ended September 30, 2025, it was $83,928 thousand compared to $72,102 thousand in 2024.

Cash Flow

• Net Cash Provided by Operating Activities: $31,121 thousand for the nine months ended September 30, 2025, compared to $39,113 thousand for the same period in 2024.
• Net Cash Provided by (Used in) Investing Activities: $106,771 thousand for the nine months ended September 30, 2025, compared to -$74,386 thousand for the same period in 2024.
• Net Cash (Used in) Provided by Financing Activities: -$73,340 thousand for the nine months ended September 30, 2025, compared to $21,651 thousand for the same period in 2024.

Unique Metrics

• Total Loans: $3,583,716 thousand as of September 30, 2025, compared to $3,147,096 thousand as of December 31, 2024.
• Allowance for Credit Losses: $33,940 thousand as of September 30, 2025, compared to $28,744 thousand as of December 31, 2024.
• Total Deposits: $3,948,196 thousand as of September 30, 2025, compared to $3,267,688 thousand as of December 31, 2024.
• Total Borrowings: $192,185 thousand as of September 30, 2025, compared to $290,601 thousand as of December 31, 2024.

Future Outlook and Strategy

Core Business Focus

• The company completed its acquisition of Guaranty Bancorp, Inc. on July 31, 2025, expanding its presence in New Hampshire with the addition of 9 branches. The total consideration paid was $39.2 million, and the acquisition added $580.5 million in assets and $641.2 million in liabilities to the company’s balance sheet.

Non-Core Business

• The company continues to monitor and manage its portfolio of available-for-sale debt securities, which had a total fair value of $597,810 thousand as of September 30, 2025, compared to $521,018 thousand as of December 31, 2024.

Priority

• The company aims to maintain strong capital ratios, with a total capital to risk-weighted assets ratio of 13.05% as of September 30, 2025, compared to 13.47% as of December 31, 2024.