--- title: "Bar Habour Bankshares | 8-K: FY2026 Q2 Revenue: USD 49.65 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/293382212.md" datetime: "2026-07-21T20:19:49.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293382212.md) - [en](https://longbridge.com/en/news/293382212.md) - [zh-HK](https://longbridge.com/zh-HK/news/293382212.md) --- # Bar Habour Bankshares | 8-K: FY2026 Q2 Revenue: USD 49.65 M Revenue: As of FY2026 Q2, the actual value is USD 49.65 M. EPS: As of FY2026 Q2, the actual value is USD 0.91, beating the estimate of USD 0.9. EBIT: As of FY2026 Q2, the actual value is USD 22.57 M. #### Quarterly Cash Dividend Bar Harbor Bankshares declared a quarterly cash dividend of $0.34 per share on July 21, 2026, payable on September 18, 2026, to shareholders of record as of August 20, 2026. #### Second Quarter 2026 Highlights (compared to first quarter 2026) - Net Interest Margin: 3.61%, up from 3.54% in the first quarter of 2026. - Return on Assets: 1.31%. - Core Return on Assets (Non-GAAP): 1.33%. - Return on Equity: 11.16%. - Core Return on Equity (Non-GAAP): 11.30%. - Efficiency Ratio (Non-GAAP): 55.76%, an improvement from 56.92% in the first quarter of 2026. #### Financial Condition (June 30, 2026 compared to March 31, 2026) - Total Assets: Increased slightly to $4.7 billion at the end of the second quarter 2026, representing a 1% increase primarily driven by loan growth and increased interest-earning deposits with other banks. - Total Cash and Cash Equivalents: $104.4 million at the end of the second quarter 2026, up from $82.2 million at the end of the first quarter 2026. - Interest-Earning Deposits with Other Banks: Increased to $58.1 million at the end of the second quarter 2026, compared to $46.6 million at the end of the first quarter 2026. - Available-for-Sale Debt Securities: $601.8 million, compared to $598.0 million at the end of the first quarter 2026. - Portfolio Unrealized Losses: -$45.0 million at quarter-end, an improvement from -$45.7 million at the end of the first quarter 2026. - Purchases: $27.4 million during the quarter. - Paydowns and Calls: $21.0 million during the quarter. - Net Accretion: $429 thousand during the quarter. - Weighted Average Yield: 4.06% for the quarter-to-date, compared to 4.05% at the end of the first quarter 2026. - Average Life: 7.2 years, compared to 7.6 years. - Effective Duration: 5.2 years, compared to 5.4 years. - Federal Home Loan Bank Stock: Increased $3.8 million to $13.4 million at the end of the second quarter 2026, compared to $9.6 million at the end of the first quarter 2026. - Total Loans: Increased $28.9 million to $3.6 billion in the second quarter 2026, compared to the first quarter 2026. - Commercial Real Estate Loans: Increased $20.3 million, driven by $59.0 million in originations, partially offset by $18.3 million in loans that matured and paid off. - Commercial and Industrial Loans: Increased $15.7 million, including $33.4 million of originations. - Residential Real Estate Loans: Decreased $10.4 million due to $29.1 million in payoffs and $11.0 million in paydowns, partially offset by $29.7 million in originations. - Loans Held for Sale: $10.2 million in the second quarter 2026, compared to $11.5 million in the first quarter 2026, with $24.9 million originated and $26.2 million sold. - Allowance for Credit Losses (ACL) on Loans: $32.2 million at the end of the second quarter 2026, compared to $34.3 million at the end of the first quarter 2026, primarily due to a -$3.3 million partial charge-off. - Premises and Equipment: Increased to $61.2 million, compared to $58.9 million at the end of the first quarter 2026. - Bank Owned Life Insurance: Decreased $1.1 million, reflecting a death benefit. - Total Deposits: Remained consistent at $3.9 billion at the end of the second quarter 2026. - Non-Interest Bearing Demand Deposits: Increased $26.8 million. - Total Borrowings: Increased $65.5 million to $281.2 million, compared to $215.7 million in the first quarter 2026. - Book Value Per Share: $32.80 at the end of the second quarter 2026, compared to $32.13 at the end of the first quarter 2026. - Tangible Book Value Per Share (Non-GAAP): $23.43 at the end of the second quarter 2026, compared to $22.71 at the end of the first quarter 2026. #### Results of Operations (June 30, 2026 compared to June 30, 2025) - Net Interest Margin: 3.61% in the second quarter 2026, compared to 3.23% in the same quarter 2025. - Yield on Loans: Expanded 4 basis points to 5.52%, compared to 5.48% in the same period of 2025. - Interest-Bearing Deposit Costs: Decreased to 1.88%, compared to 2.28% in the same period of 2025. - Total Interest and Dividend Income: Increased by 15% or $7.2 million to $55.9 million in the second quarter 2026, compared to $48.7 million in the second quarter 2025. - Yields on Earning Assets: Grew to 5.29%, compared to 5.23% in the second quarter 2025. - Securities Yield Expansion: 20 basis points to 4.06%, compared to 3.86% in the same period of 2025. - Residential Loan Yield: Increased to 4.62%, from 4.14% in the second quarter of 2025. - Commercial and Industrial Yield: Decreased to 6.17%, from 6.41% in the second quarter 2025. - Total Interest Expense: Decreased -$806 thousand in the second quarter 2026, compared to the second quarter 2025. - Deposit Costs: Down -$873 thousand year-over-year. - Borrowing Costs: Increased $67 thousand, or 2% year-over-year. - Provision for Credit Losses on Loans: $1.3 million in the second quarter 2026, compared to $528 thousand in the same period of 2025. - Allowance for Credit Losses to Total Loans Coverage Ratio: 0.89%, compared to 0.92% in the second quarter of 2025. - Non-Interest Income: Increased $7.1 million to $11.7 million in the second quarter 2026, compared to $4.6 million in the same quarter 2025. - Customer Service Fees: Increased. - Loss on Sales of Securities: -$25 thousand, compared to -$4.9 million for the same period of 2025. - Trust Management Fee Income: Increased $314 thousand, driven by a 12% or $330.0 million increase in assets under management. - Bank Owned Life Insurance Income: Increased $815 thousand, primarily due to a death benefit. - Non-Interest Expenses: Increased $2.7 million to $29.2 million in the second quarter 2026, compared to $26.5 million in the second quarter 2025. - Salaries and Employee Benefits: Costs increased to $16.8 million, compared to $14.3 million in the second quarter 2025, as full-time equivalents increased to 530 from 455. - Occupancy and Equipment: Increased $746 thousand. - Amortization of Intangible Assets: Increased $349 thousand. - Acquisition, Conversion and Other Expenses: Decreased -$1.2 million. - Other Expenses: Increased $896 thousand. - Income Tax Expense: $4.0 million for the second quarter 2026, compared to $1.4 million for the second quarter of 2025. - GAAP Effective Tax Rate: 20.8%, compared to 18.5% in the second quarter 2025. #### Other Key Metrics - Net Charge-offs (recoveries)/average loans: 0.38% (current quarter annualized) for Q2 2026, compared to 0.03% for Q2 2025. - Allowance for credit losses on loans/total loans: 0.89% for Q2 2026, compared to 0.92% for Q2 2025. - Loans/deposits: 94% for Q2 2026, compared to 96% for Q2 2025. - Shareholders’ equity to total assets: 11.59% for Q2 2026, compared to 11.40% for Q2 2025. - Tangible shareholders’ equity to tangible assets: 8.56% for Q2 2026, compared to 8.67% for Q2 2025. #### Outlook Bar Harbor Bankshares is “well-positioned for what’s ahead” halfway through 2026, affirming its commitment to consistently delivering strong financial results and long-term shareholder value. 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