Bar Harbor Bankshares Raises Quarterly Dividend 6% to $0.34 Per Share
Bar Harbor Bankshares, a Maine-based regional bank holding company, declared a quarterly cash dividend of $0.34 per share, up $0.02 from the prior quarter's $0.32. The dividend is payable June 18, 2026 to shareholders of record on May 21, 2026.
Bar Harbor Bankshares (NYSE American: BHB), a Maine-based regional bank holding company, declared a quarterly cash dividend of $0.34 per share, representing a 6% increase from the prior year's quarterly dividend of $0.32 per share. The company's board approved the dividend on April 21, 2026. Read more dividend announcements.
Shareholders of record at the close of business on May 21, 2026 will receive payment on June 18, 2026. Based on the company's closing share price of $32.45 on March 31, 2026, the dividend represents an annualized yield of 4.19%.
The dividend increase marks the second consecutive $0.02 per share raise for the bank, which operates primarily in Maine and Vermont. Chief Executive Officer Curtis C. Simard stated the increase reflects the company's commitment to building long-term shareholder value.
| Dividend Details | Information |
|---|---|
| Amount | $0.34 per share |
| Previous Amount | $0.32 per share |
| Increase | 6% |
| Record Date | May 21, 2026 |
| Payment Date | June 18, 2026 |
| Frequency | Quarterly |
Share Repurchase Plan Approved
Concurrent with the dividend announcement, Bar Harbor Bankshares' board authorized a share repurchase plan for up to 5% of the company's outstanding common stock, representing approximately 837,000 shares as of March 31, 2026. The repurchase plan, which remains subject to regulatory approval, is authorized to last no longer than twelve months.
First Quarter 2026 Performance
The company reported first quarter 2026 net income of $13.5 million, or $0.81 per diluted share, compared to $11.8 million, or $0.70 per diluted share, in the fourth quarter of 2025. Total assets remained stable at $4.7 billion at quarter-end.
Bar Harbor Bankshares' net interest margin stood at 3.54% in the first quarter, with return on assets of 1.18% and return on equity of 10.13%. The company added more than 1,500 new customer accounts during the quarter.
Available-for-sale debt securities totaled $598.0 million at March 31, 2026, essentially flat compared to $597.4 million at the end of the prior quarter. Cash and cash equivalents were $82.2 million at quarter-end, up slightly from $80.8 million at December 31, 2025.