A Business at a Glance
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BAR HARBOR BANKSHARES
BHB
$624M
Mkt Cap
$39.02
+2.09%
BAR HARBOR BANKSHARES (BHB) has a current P/E ratio of 16.9, compared to its historical median P/E of 9.7. The stock is currently considered Expensive based on its historical valuation range.
BAR HARBOR BANKSHARES (BHB) has a 5-year average return on invested capital (ROIC) of 8.1%. This is below average and may indicate limited pricing power.
BAR HARBOR BANKSHARES (BHB) has a market capitalization of $653M. It is classified as a small-cap stock.
Yes, BAR HARBOR BANKSHARES (BHB) pays a dividend with a trailing twelve-month yield of 3.24%.
Based on historical P/E analysis, BAR HARBOR BANKSHARES (BHB) appears expensive. The current P/E of 16.9 is 75% above its historical median of 9.7. The estimated fair value CAGR (P/E method) is 7.4%.
BAR HARBOR BANKSHARES (BHB) operates in the State Commercial Banks industry, within the Financials sector.
BAR HARBOR BANKSHARES (BHB) reported annual revenue of $244 million in its most recent fiscal year, based on SEC EDGAR filings.
ITEM 1. BUSINESS. FORWARD-LOOKING STATEMENTS CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS Certain statements contained in this Annual Report on Form 10-K (the “Form 10-K” or “Annual Report”) that are not historical facts may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended ("Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended ("Exchange Act"), and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 178M | 244M | 226M | 209M | 161M | 153M |
| Net Income | 40M | 37M | 44M | 45M | 44M | 39M |
| EPS | $2.44 | $2.31 | $2.84 | $2.95 | $2.88 | $2.61 |
| Free Cash Flow | 39M | 43M | 45M | 41M | 53M | 57M |
| ROIC | 0.0% | 6.3% | 8.8% | 9.5% | 9.0% | 6.8% |
| Gross Margin | - | 73.7% | 72.1% | 71.6% | 90.3% | 89.2% |
| Debt/Equity | 0.40 | 0.51 | 0.63 | 0.77 | 1.00 | 0.42 |
| Dividends/Share | $1.27 | $1.26 | $1.18 | $1.10 | $1.02 | $0.94 |
| Operating Income | 0 | 46M | 53M | 57M | 55M | 49M |
| Operating Margin | 0.0% | 18.8% | 23.3% | 27.3% | 34.0% | 31.8% |
| ROE | 7.5% | 7.5% | 9.8% | 10.9% | 10.7% | 9.5% |
| Shares Outstanding | 17M | 16M | 15M | 15M | 15M | 15M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 52M | 64M | 70M | 142M | 155M | 164M | 169M | 153M | 161M | 209M | 226M | 244M | 178M |
| Gross Margin | 96.4% | 81.0% | 81.3% | 81.2% | 74.7% | 70.9% | 80.7% | 89.2% | 90.3% | 71.6% | 72.1% | 73.7% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 17M | 18M | 20M | 40M | 41M | 45M | 49M | 47M | 49M | 53M | 55M | 61M | 63M |
| EBIT | 824K | 1.2M | 1.4M | 43M | 40M | 27M | 42M | 49M | 55M | 57M | 53M | 46M | 0 |
| Op. Margin | 1.6% | 1.8% | 2.0% | 30.0% | 26.1% | 16.3% | 24.6% | 31.8% | 34.0% | 27.3% | 23.3% | 18.8% | 0.0% |
| Net Income | 15M | 15M | 15M | 26M | 33M | 23M | 33M | 39M | 44M | 45M | 44M | 37M | 40M |
| Net Margin | 28.3% | 23.6% | 21.4% | 18.3% | 21.2% | 13.8% | 19.7% | 25.7% | 27.0% | 21.4% | 19.3% | 15.1% | 22.6% |
| Non-Recurring | 0 | 0 | 0 | -94K | 0 | -18K | 32K | -378K | -10K | -182K | 192K | -257K | -257K |
| Returns on Capital | |||||||||||||
| ROIC | 10.6% | 9.9% | 6.5% | 6.2% | 6.7% | 4.4% | 5.4% | 6.8% | 9.0% | 9.5% | 8.8% | 6.3% | 0.0% |
| ROE | 10.9% | 10.1% | 9.6% | 10.2% | 9.1% | 5.9% | 8.3% | 9.5% | 10.7% | 10.9% | 9.8% | 7.5% | 7.5% |
| ROA | 1.0% | 1.0% | 0.9% | 1.0% | 0.9% | 0.6% | 0.9% | 1.1% | 1.1% | 1.1% | 1.1% | 0.8% | 0.9% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 16M | 20M | 17M | 40M | 38M | 30M | 21M | 59M | 56M | 47M | 52M | 48M | 44M |
| Free Cash Flow | 14M | 18M | 12M | 37M | 33M | 21M | 14M | 57M | 53M | 41M | 45M | 43M | 39M |
| Owner Earnings | 13M | 18M | 14M | 36M | 33M | 25M | 13M | 51M | 49M | 40M | 44M | 39M | 4.2M |
| CapEx | 2.0M | 1.9M | 4.3M | 3.2M | 4.8M | 9.2M | 6.8M | 1.7M | 2.5M | 6.5M | 7.4M | 4.8M | 5.3M |
| Maint. CapEx | 1.7M | 1.7M | 1.6M | 3.6M | 3.7M | 4.1M | 5.8M | 5.5M | 5.2M | 5.1M | 5.1M | 5.8M | 36M |
| Growth CapEx | 281K | 156K | 2.7M | 0 | 1.1M | 5.0M | 952K | 0 | 0 | 1.4M | 2.3M | 0 | 0 |
| D&A | 1.7M | 1.7M | 1.6M | 3.6M | 3.7M | 4.1M | 5.8M | 5.5M | 5.2M | 5.1M | 5.1M | 5.8M | 36M |
| CapEx/OCF | 12.9% | 9.2% | 25.6% | 7.9% | 12.7% | 25.2% | 32.8% | 2.8% | 4.5% | 13.8% | 14.1% | N/A | 12.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 5.4M | 6.0M | 6.6M | 12M | 12M | 13M | 13M | 14M | 15M | 17M | 18M | 20M | 21M |
| Dividend Yield | 7.4% | 4.3% | 4.2% | 3.5% | 3.7% | 4.4% | 5.2% | 4.0% | 4.1% | 4.6% | 4.3% | N/A | 3.2% |
| Share Buybacks | 8K | 24K | 497K | 282K | 324K | 239K | 14M | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | 0.0% | 0.0% | 0.2% | 0.1% | 0.1% | 0.1% | 5.1% | N/A | N/A | N/A | N/A | 0.0% | 0.0% |
| Stock-Based Comp | 530K | 816K | 1.3M | 1.3M | 1.3M | 1.4M | 1.6M | 2.1M | 1.9M | 2.6M | 3.3M | 3.1M | 3.4M |
| Debt Repayment | 0 | 7.4M | 1.2M | 153M | 105M | 308M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 307M | 326M | 524M | 22M | -101M | -189M | -475M | -690M | -258M | -311M | -315M | 189M | 134M |
| Cash & Equiv. | 9.8M | 9.7M | 8.4M | 91M | 99M | 57M | 226M | 250M | 92M | 95M | 72M | 81M | 82M |
| Long-Term Debt | 3.3M | 3.3M | 142M | 180M | 76M | 183M | 243M | 84M | 63M | 61M | 41M | 135M | 135M |
| Debt/Equity | 2.17 | 2.19 | 3.42 | 2.34 | 1.95 | 1.34 | 0.83 | 0.42 | 1.00 | 0.77 | 0.63 | 0.51 | 0.40 |
| Interest Coverage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Equity | 146M | 154M | 157M | 355M | 371M | 396M | 407M | 424M | 393M | 432M | 458M | 533M | 538M |
| Total Assets | 1.5B | 1.6B | 1.8B | 3.6B | 3.6B | 3.7B | 3.7B | 3.7B | 3.9B | 4.0B | 4.1B | 4.7B | 4.7B |
| Total Liabilities | 1.3B | 1.4B | 1.6B | 3.2B | 3.2B | 3.3B | 3.3B | 3.3B | 3.5B | 3.5B | 3.6B | 4.2B | 4.1B |
| Intangibles | 562K | 470K | 377K | 8.4M | 7.5M | 8.6M | 7.7M | 6.7M | 5.8M | 4.9M | 3.9M | 16M | 16M |
| Retained Earnings | 113M | 122M | 130M | 145M | 167M | 176M | 196M | 216M | 244M | 272M | 298M | 314M | 323M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 2.45 | 1.67 | 1.63 | 1.70 | 2.12 | 1.45 | 2.18 | 2.61 | 2.88 | 2.95 | 2.84 | 2.31 | 2.44 |
| Owner EPS | 2.23 | 1.96 | 1.52 | 2.32 | 2.10 | 1.57 | 0.87 | 3.42 | 3.22 | 2.61 | 2.87 | 2.46 | 0.25 |
| Book Value | 24.53 | 16.99 | 17.11 | 23.19 | 23.85 | 25.40 | 26.69 | 28.17 | 26.02 | 28.42 | 29.90 | 33.32 | 32.13 |
| Cash Flow/Share | 2.60 | 2.24 | 1.83 | 2.64 | 2.43 | 1.93 | 1.36 | 3.93 | 3.70 | 3.12 | 3.42 | 3.02 | 4.57 |
| Dividends/Share | 0.91 | 0.67 | 0.73 | 0.75 | 0.79 | 0.86 | 0.88 | 0.94 | 1.02 | 1.10 | 1.18 | 1.26 | 1.27 |
| Shares Out. | 6.0M | 9.1M | 9.2M | 15.3M | 15.5M | 15.6M | 15.2M | 15.1M | 15.1M | 15.2M | 15.3M | 16.0M | 16.7M |
| Valuation | |||||||||||||
| P/E Ratio | 8.5 | 9.7 | 14.4 | 12.2 | 8.1 | 13.9 | 8.4 | 9.6 | 9.7 | 9.3 | 10.2 | N/A | 16.0 |
| P/FCF | 6.1 | 8.0 | 17.2 | 8.5 | 8.1 | 15.0 | 20.1 | 6.6 | 7.9 | 10.2 | 9.9 | N/A | 16.9 |
| EV/EBIT | 518.7 | 402.9 | 22.4 | 15.2 | 11.0 | 10.1 | 4.8 | 3.8 | 9.8 | 5.2 | 4.9 | N/A | N/A |
| Price/Book | 0.8 | 1.0 | 1.4 | 0.9 | 0.7 | 0.8 | 0.7 | 0.9 | 1.1 | 1.0 | 1.0 | N/A | 1.2 |
| Price/Sales | 2.1 | 2.6 | 2.7 | 2.8 | 2.8 | 2.5 | 1.8 | 2.6 | 2.5 | 2.4 | 2.8 | N/A | 3.7 |
| FCF Yield | 10.9% | 12.5% | 5.8% | 11.7% | 12.4% | 6.7% | 5.0% | 15.3% | 12.7% | 9.8% | 10.1% | N/A | 5.9% |
| Market Cap | 124M | 148M | 215M | 318M | 266M | 314M | 279M | 377M | 421M | 418M | 445M | 0 | 653M |
| Avg. Price | 12.13 | 15.55 | 17.08 | 21.49 | 21.18 | 19.33 | 16.84 | 23.57 | 24.75 | 23.86 | 27.08 | 0.00 | 39.02 |
| Year-End Price | 13.83 | 16.24 | 23.45 | 20.80 | 17.12 | 20.11 | 18.31 | 25.01 | 27.82 | 27.52 | 29.06 | 0.00 | 39.02 |
BAR HARBOR BANKSHARES passes 2 of 9 quality checks, indicating weak fundamentals.
BAR HARBOR BANKSHARES trades at 16.9x trailing earnings, compared to its 15-year median P/E of 9.7x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 16.7x vs a median of 9.9x. The company's 5-year average ROIC is 8.1% with a gross margin of 79.4%. Total shareholder yield (dividends) is 3.2%. At current prices, the estimated annualized return to fair value is +12.7%.
BAR HARBOR BANKSHARES (BHB) has a net profit margin of 15.1%. This is a healthy margin.
BAR HARBOR BANKSHARES (BHB) generated $43 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
BAR HARBOR BANKSHARES (BHB) has a debt-to-equity ratio of 0.51. This indicates moderate leverage.
BAR HARBOR BANKSHARES (BHB) reported earnings per share (EPS) of $2.31 in its most recent fiscal year.
BAR HARBOR BANKSHARES (BHB) has a return on equity (ROE) of 7.5%. This indicates moderate shareholder returns.
BAR HARBOR BANKSHARES (BHB) has a 5-year average gross margin of 79.4%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 17 years of financial data for BAR HARBOR BANKSHARES (BHB), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
BAR HARBOR BANKSHARES (BHB) has a book value per share of $33.32, based on its most recent annual SEC filing.
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