BAR HARBOR, Maine (AP) — BAR HARBOR, Maine (AP) — Bar Harbor Bankshares Inc. (BHB) on Tuesday reported first-quarter profit of $13.5 million.
The Bar Harbor, Maine-based bank said it had earnings of 81 cents per share. Earnings, adjusted for non-recurring costs, were 88 cents per share.
The bank posted revenue of $65.7 million in the period. Its revenue net of interest expense was $47.3 million, which did not meet Street forecasts.
Bar Harbor shares have climbed slightly more than 9% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $33.96, an increase of 21% in the last 12 months.
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