Bar Harbor Bankshares Q2 FY26 net income more than doubled to $15.2 million; net interest margin widens 38 percentage points to 3.61% - BHB News | Rallies
Total assets were $4.7 billion at quarter-end; deposits were $3.9 billion, driven by $73.8 million in new customer non-maturity deposits.
Borrowings increased to $281.2 million; the bank plans to redeem the $20 million outstanding balance of the 2029 Notes on Sept. 1, 2026.
Q2 earnings and margin improvement
Bar Harbor Bankshares posted Q2 GAAP net income of $15.2 million, more than doubled from a year earlier; diluted EPS rose to $0.91.
Net interest margin widened 38 basis points to 3.61%, as interest-bearing deposit costs fell to 1.88% from 2.28%.
Non-interest income climbed to $11.7 million from $4.6 million, reflecting a $0.03 million loss on available-for-sale debt securities versus $4.94 million.
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