Bar Harbor Bankshares Reports Strong Q4 Earnings, Revenue Exceeds Expectations
Bar Harbor, Maine (AP) - Bar Harbor Bankshares Inc. (BHB) announced solid financial results for the fourth quarter of 2023.
* Profit: $11 million, or 72 cents per share
* Revenue: $56.9 million, with $38.5 million net of interest expense, beating market projections
* Full-Year Performance:
* Profit: $43.5 million, or $2.84 per share
* Revenue: $150.7 million
* Stock Performance:
* Shares up nearly 2% since the start of the year
* Traded at $31.10 in final minutes on Thursday, representing a 13% gain in the past 12 months