The latest announcement is out from Bar Harbor Bankshares ( (BHB) ).
Bar Harbor Bankshares achieved robust financial performance in the third quarter of 2024, with an 8% earnings growth and a declared dividend of $0.30 per share, showcasing a 3.89% annualized yield. The company experienced a solid increase in core deposits and wealth management fee income, while maintaining a net interest margin of 3.15% despite the challenging interest rate environment. The strategic focus on expanding market share and disciplined risk management continues to drive success, supported by strong asset growth and a notable rise in commercial real estate loans.
See more insights into BHB stock on TipRanks’ Stock Analysis page.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
