Bar Harbor Bankshares, Inc. · AMEX:BHB
Bar Harbor Bankshares — Merger or Acquisition (March 2025)
10 slides from Bar Harbor Bankshares's merger presentation, Mar 12, 2025
Slide 1: Bar Harbor Bankshares Acquisition of Guaranty Bancorp, Inc.
| 1 Binding Zone Printer Margins Bar Harbor Bankshares Acquisition of Guaranty Bancorp, Inc. March 11, 2025
Slide 2: Forward-Looking Statements and Non-GAAP Financial Measures
| 2 Binding Zone Printer Margins Forward-Looking Statements and Non-GAAP Financial Measures FORWARD-LOOKING STATEMENTS This presentation contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements about the beliefs, plans, strategi
Slide 3: Disclaimer and Caution About Forward-Looking Statements
| 3 Binding Zone Printer Margins Disclaimer and Caution About Forward-Looking Statements ADDITIONAL INFORMATION AND WHERE TO FIND IT This communication is being made in respect of the proposed merger transaction involving Bar Harbor and Guaranty. Bar Harbor intends to file a registration statement o
Slide 4: Overview of the Bar Harbor + Guaranty Combination
| 4 Binding Zone Printer Margins Note Pro Forma Combined Company balance sheet metrics reflect sum of reported December 31, 2024 data, excluding transaction adjustments. Estimated financial impact is presented for illustrative purposes only and includes purchase accounting marks and transaction rela
Slide 5: Enhancing Our New Hampshire Franchise
| 5 Binding Zone Printer Margins Enhancing Our New Hampshire Franchise Note: Financials reflect bank level call report data for the quarter ended December 31, 2024 Source: S&P Capital IQ Pro GUAA BHB • Woodsville Savings Bank was established in 1889 • Operates through nine retail branches located in
Slide 6: Transaction Highlights
| 6 Binding Zone Printer Margins Transaction Highlights 1) Reflects fully phased-in after tax cost savings on Guaranty FY2024 noninterest expense base Note: Market data as of March 7, 2025 Strategic Rationale • Complementary community bank with success in operating markets well-known to Bar Harbor •
Slide 7: Attractive Pro Forma Financial Metrics
| 7 Binding Zone Printer Margins Attractive Pro Forma Financial Metrics 1) Financial impact excluding impact of interest rate driven purchase accounting adjustments and includes an illustrative recapture of the other comprehensive income loss in Guaranty’s equity account Note: Pro forma Estimated fi
Slide 8: Appendix
| 8 Binding Zone Printer Margins Appendix
Slide 9: Transaction Structure and Key Terms
| 9 Binding Zone Printer Margins Transaction Structure and Key Terms • Guaranty Bancorp, Inc. and Woodsville Guaranty Savings Bank to merge with and into Bar Harbor Bankshares and Bar Harbor Bank & Trust, respectively Structure • 100% stock consideration • 1.85 shares of Bar Harbor common shares to
Slide 10: Comprehensive Due Diligence Performed by Bar Harbor's Experienced Acquisition Team
| 10 Binding Zone Printer Margins Investment Portfolio / ALCO Detailed Credit Review Comprehensive Due Diligence Performed by Bar Harbor’s Experienced Acquisition Team • Comprehensive due diligence team with executives from Bar Harbor and Guaranty, along with advisors and lawyers • Review of Guarant
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