Bar Harbor Bankshares reported GAAP net income of $16.1 million and core earnings of $17.5 million for the third quarter of 2026. Results were characterized by significant sequential expansion in the net interest margin and robust annualized deposit growth of 9%.
Key Highlights
- Net interest margin expanded to 3.77%, a 16-basis point increase from the second quarter 2026, driven by lower overall funding costs.
- Total deposits increased by $84.0 million to $3.9 billion, fueled by a $107.2 million rise in interest-bearing demand deposits.
- Asset quality remains exceptionally strong, featuring net charge-offs of only 0.03% and a $167 thousand provision recapture following the payoff of a specific loan relationship.
- Non-interest income was supported by trust and investment management fees, which grew 7% year-over-year to $4.2 million.