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Stock impact report

Bar Harbor Bankshares Reports Second Quarter Results; Dividend Declared

Bar Harbor Bankshares, Inc. (BHB) 
NASDAQ:AMEX Investor Relations: bhbt.com/shareholder-relations
Company Research Source: Business Wire
BAR HARBOR, Maine--(BUSINESS WIRE)--Bar Harbor Bankshares (NYSE American: BHB or the “Company”) reported second quarter 2019 net income of $6.1 million, or $0.39 diluted earnings per share. Net income in the second quarter of 2018 totaled $8.5 million or $0.55 diluted earnings per share. Core earnings (non-GAAP measure) in the second quarter 2019 totaled $6.3 million or $0.41 diluted earnings per share and $8.7 million or $0.56 diluted earnings per share in the same period of 2018.SECOND QUARTER FINANCIAL HIGHLIGHTS8% annualized growth in total loans, led by 24% in commercial loans14% annualized growth in demand deposits5% growth in non-interest income, compared to second quarter 20180.62% non-accruing loans to total loans10% annualized growth in book value per sharePresident and Chief Executive Officer, Curtis C. Simard stated, “Our financial performance in the second quarter was centered on growth in loans, deposits and non-interest income. We grew non-interest bearing demand de Show less Read more
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