Bar Harbor Bankshares Reports Fourth Quarter 2024 Results; Declares Dividend
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Bar Harbor Bankshares reported a strong fourth quarter 2024 with increased net income and declared a dividend. Key highlights include a 14% annualized growth in commercial loans, a net interest margin of 3.17%, and a 9% increase in wealth management fee income.
January 23, 2025 | 9:30 pm
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Bar Harbor Bankshares reported a strong Q4 2024 with net income of $11M, up from $9.9M in Q4 2023. The company saw a 14% growth in commercial loans and a 9% increase in wealth management fee income. A dividend was declared.
The increase in net income, growth in commercial loans, and wealth management fees are positive indicators for Bar Harbor Bankshares. The declaration of a dividend further boosts investor confidence, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100