Bar Harbor: 4Q Earnings Snapshot
BAR HARBOR, Maine (AP) _ Bar Harbor Bankshares Inc. (BHB) on Thursday reported fourth-quarter net income of $7.6 million.
The bank, based in Bar Harbor, Maine, said it had earnings of 49 cents per share. Earnings, adjusted for pretax expenses, were 59 cents per share.
The bank posted revenue of $40.2 million in the period. Its revenue net of interest expense was $29.7 million, surpassing Street forecasts.
For the year, the company reported profit of $32.9 million, or $2.12 per share. Revenue was reported as $118.8 million.
Bar Harbor shares have climbed 3.5 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $23.21, a decline of 15 percent in the last 12 months.