Bar Harbor Bankshares (BHB) Stock Analysis
Financial Services · Banks - Regional · NYSE American
Bar Harbor Bankshares (BHB) posted $168.30M in revenue for fiscal 2025 (up 12.5% year over year), at a 21.9% net margin, and has compounded revenue about 46.8%/yr over five years, per its SEC filings.
Data last refreshed September 3, 2026 from SEC filings · how we compute this
The analyst's take on Bar Harbor Bankshares
Bar Harbor Bankshares has grown revenue from — to $168.30M over the last 10 fiscal years, compounding about 46.8% a year. The most recent year was up 12.5%, so growth has cooled from its longer-run pace.
Net margin sits at 21.9%, down 7.2 points year over year. It carries about $269.64M of total debt.
At today's valuation the market is pricing in roughly 2.9% annual free-cash-flow growth — versus the 25.6% it actually delivered over the last five years, so the price is arguably undemanding against what it has already proven. It clears 6 of 7 deterministic health checks. The one thing worth a second look in the filings is share count rising (dilution).
Synthesised from Bar Harbor Bankshares's SEC filings — descriptive, not advice. Ask the analyst your own question →
See a claim about Bar Harbor Bankshares? Check it against the filing
Open the full tool →Paste a headline number you saw about BHB — a press-release figure, a tweet, another tool’s number — and see the filed SEC number side-by-side with its source. Free, no account.
Bar Harbor Bankshares revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | $21.52M | $22.19M | $24.70M | $28.39M | $148.33M | $152.75M | $149.56M | $168.30M |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $14.93M | $25.99M | $32.94M | $22.62M | $33.24M | $39.30M | $43.56M | $44.85M | $43.54M | $36.92M |
| Net margin | — | — | 153.0% | 101.9% | 134.6% | 138.4% | 29.4% | 29.4% | 29.1% | 21.9% |
Source: Bar Harbor Bankshares SEC filings (10-K). 17 years of history available in the interactive view.
Bar Harbor Bankshares financial health: 6 of 7 checks passed
- ✓Profitable every year (last 5)
- ✓Net margin above 10% (21.9%)
- ✓More cash than total debt (cash 678.3M vs debt 404.4M)
- ✓Positive operating cash flow (last 5 yrs)
- ✓Free cash flow positive (latest yr) (43.5M)
- ✗Share count falling over 4 yrs (buybacks) (15M → 16.7M shares)
- ✓Pays a dividend (17 consecutive yrs in our data)
Checks computed deterministically from filed annual statements — no AI judgement.
Bar Harbor Bankshares: 3 potential red flags in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Share count rising (dilution)Shares outstanding grew 11.3% over 4 years (15M → 16.7M) — existing holders' stakes are being diluted.
- Heavy debt loadTotal debt of $404.4M is 8.4× last year's operating cash flow — it would take years of cash flow to clear.
- Net margin shrinkingNet margin fell from 29.4% to 21.9% over ~3 years — profitability is compressing.
What growth is priced into BHB stock?
At today's market cap of $609.91M, Bar Harbor Bankshares is priced for free-cash-flow growth of about 2.9% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $43.47M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 25.6%/yr over the last five fiscal years and revenue 46.8%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 17 years of Bar Harbor Bankshares financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
Open the interactive view — freeOr start a $24.99/month plan to track BHB in your portfolio →
Bar Harbor Bankshares financial history
About Bar Harbor Bankshares
Bar Harbor Bankshares operates as the holding company for Bar Harbor Bank & Trust that provides banking and nonbanking products and services primarily to consumers and businesses. The company offers deposit products, including interest-bearing and non-interest-bearing demand accounts, savings accounts, time deposits, and money market deposit accounts, as well as certificates of deposit. It also provides commercial construction loans, such as raw land, land development, and construction of commercial and multifamily residential properties; commercial real estate owner occupied and non-owner occupied loans; tax exempt loans to various state and municipal government entities; commercial and industrial loans, including loans for the purpose of financing working capital and capital investment; residential real estate loans consists of one-to-four family homes; home equity loans; and consumer loans, including personal lines of credit and amortizing loans to qualified individuals for various purposes, such as auto loans, recreational equipment, overdraft protection, and other consumer loans, as well as allowance for credit losses. In addition, the company provides life insurance, annuity, and retirement products; financial planning services; and third-party investment and insurance services. Further, it offers trust and estate administration, wealth advisory, and investment management services to individuals, businesses, not-for-profit organizations, and municipalities; and 401(K) plan, financial, estate and charitable planning, investment management, family office, municipal, and tax services. Bar Harbor Bankshares was founded in 1887 and is headquartered in Bar Harbor, Maine.
Bar Harbor Bankshares — frequently asked questions
What is Bar Harbor Bankshares's revenue?
Bar Harbor Bankshares (BHB) reported revenue of $168.30M for fiscal year 2025, up 12.5% from the prior year, according to its SEC filings.
Is Bar Harbor Bankshares profitable?
Yes. BHB earned net income of $36.92M in fiscal 2025, a net margin of 21.9%.
What is BHB's P/E ratio?
Bar Harbor Bankshares trades at a price-to-earnings ratio of about 14.8 based on the latest data in our nightly-refreshed cache.
How fast is Bar Harbor Bankshares growing?
BHB's revenue grew at roughly 46.8% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
Does Bar Harbor Bankshares pay a dividend?
Yes, BHB pays a dividend — the yield is about 3.55%.
How much debt does Bar Harbor Bankshares have?
As of fiscal year 2025, BHB carried roughly $269.64M in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Bar Harbor Bankshares's market cap?
Bar Harbor Bankshares (BHB) has a market capitalization of about $609.91M, based on the latest data in our nightly-refreshed cache.
When does Bar Harbor Bankshares's fiscal year end?
BHB's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into BHB stock?
At today's market cap of $609.91M, Bar Harbor Bankshares is priced for free-cash-flow growth of about 2.9% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $43.47M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 25.6%/yr over the last five fiscal years and revenue 46.8%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Bar Harbor Bankshares's official SEC filings (10-K and 10-Q), covering 17 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.