BAR HARBOR, Maine (AP) — BAR HARBOR, Maine (AP) — Bar Harbor Bankshares Inc. (BHB) on Thursday reported fourth-quarter profit of $11 million.
The Bar Harbor, Maine-based bank said it had earnings of 72 cents per share.
The bank posted revenue of $56.9 million in the period. Its revenue net of interest expense was $38.5 million, surpassing Street forecasts.
For the year, the company reported profit of $43.5 million, or $2.84 per share. Revenue was reported as $150.7 million.
Bar Harbor shares have increased nearly 2% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $31.10, an increase of 13% in the last 12 months.
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