Bar Harbor Bankshares, Inc. · AMEX:BHB
Bar Harbor Bankshares — Shareholder Meeting (May 2019)
22 slides from Bar Harbor Bankshares's shareholder meeting presentation, May 21, 2019
Slide 1: Annual Shareholders Meeting
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Slide 2: Legal Disclaimer
Legal Disclaimer Forward Looking Statements Certain statements contained in this document that are not historical facts may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (“Securities Act”), and Section 21E of the Securities Act of 1
Slide 3: Customers | Culture | Team
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Slide 4: A Bank that Thinks Differently
A Bank that Thinks Differently Bar Harbor Bank & Trust is the only community Bank headquartered in Northern New England with branches in Maine, New Hampshire and Vermont. The Bank is a is focused on exceptional commercial, retail and wealth management banking services from over 50 locations. Our bus
Slide 5: Our Markets – United Under the Bar Harbor Brand
Our Markets – United Under the Bar Harbor Brand The Bank serves affluent and growing markets in Maine, New Hampshire and Vermont. Within our markets, tourism, agriculture, and fishing remain strong and continue to drive economic activity. These core markets have also maintained their strength throug
Slide 6: An Experienced Team
An Experienced Team Josephine Iannelli Richard B. Maltz Curtis C. Simard Executive Vice President Executive Vice President President Chief Financial Officer Chief Operating Officer & Chief Executive Officer and Treasurer Chief Risk Officer John M. Mercier Marion Colombo Joseph M. Pratt Executive Vic
Slide 7: Delivering On Our Strategy
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Slide 8: 2018 Achievements – Focusing on the Future
2018 Achievements – Focusing on the Future Bar Harbor Bankshares delivered on our strategies and expectations in 2018, and have invested in several areas that will support our future success and growth into 2019 and beyond. Investing in Commercial • Portland LPO • Consolidated leadership • New talen
Slide 9: 2018 Achievements – Focusing on the Future
2018 Achievements – Focusing on the Future Effective Capital Management • Dividend increase • Share buybacks • Employee stock purchase program • Judicious balance sheet strategies Enhanced Products & Systems • Bar Harbor card controls • Mastercard chip technology – Apple Pay® & Google Pay®1 • New As
Slide 10: 2018 Performance
2018 Performance Bar Harbor Bankshares produced record revenue in 2018 due to business expansion and increased operational efficiencies. The team was able to both successfully execute goals for the year, but also complete many strategic objectives that will lay the ground work for future growth. • T
Slide 11: First Quarter 2019 - Highlights & Initiatives
First Quarter 2019 - Highlights & Initiatives A strong start to 2019 as BHB achieved its revenue and net income expectations in the first quarter. We continue to execute on the commitments made over a year ago in relation to our transformative acquisition. Our focus is on profitable growth through v
Slide 12: Profitability
Profitability Core Earnings1 Per Share $0.75 $0.59 $0.56 $0.58 $0.57 $0.58 $0.52 $0.52 We strive to be one $0.50 $0.43 of the most profitable banks $0.25 in New England $0.00 2018Q1 2017Q1 2018Q2 2017Q2 2018Q3 2017Q3 2018Q4 2017Q4 Net Income2 $33 $27 Always focusing on growing core $15 $15 $15 earni
Slide 13: Value For Our Shareholders
Value For Our Shareholders Strong Dividend Returns1 $0.22 declared $0.86 $0.79 in Q2 ‘19 $0.73 $0.75 $0.67 $0.60 Always an eye on building shareholder value Appreciating Tangible Book Value 2014 2015 2016 2017 2018 2019 • Q1 Dividend yield of 3.09%2 • 3 $17.63 Future dividend yield of 3.40% TBV/Shar
Slide 14: Loans and Deposits
Loans and Deposits Loan Composition as of 12/31/18 Tax exempt A focus on the core business: Consumer and other 5% 4% loans and core deposits, CRE which translates into core earnings 33% Deposit Composition as of 12/31/18 Residential Demand C&I 46% Time Deposits 15% 12% 38% NOW 19% • Net loans of $2.
Slide 15: Asset Quality
Asset Quality NPAs / Assets 1.20% Continued commitment 1.00% 0.80% to an exceptional 0.62% 0.59% 0.61% 0.57% 0.52% 0.60% risk management culture 0.40% 0.20% 0.00% 2018Q1 2018Q2 2018Q3 2018Q4 2019Q1 NCOs / Avg. Loans 0.50% Pristine asset quality remains the 0.40% bedrock of responsibly growing 0.30%
Slide 16: Well Capitalized Institution
Well Capitalized Institution 16.00% 14.2% 13.9% 14.00% 12.6% 12.3% 11.8% 12.00% 11.4% 10.00% 8.7% 8.16% 7.8% 8.00% 7.2% 6.00% 4.00% 2.00% 0.00% 2018Q1 2019Q1 Tier 1 Leverage Ratio Common Equity Tier 1 Tier 1 Risk Based Capital TCE / TA Source: Company filings 16
Slide 17: Community Involvement
Community Involvement Committed to Helping Build Thriving Communities! Volunteer community service Dollars raised by employees hours. Over 1,000 of which for community causes. was part of BHBT’s paid time absence volunteer program. Number of employees who Number of organizations volunteered their ti
Slide 18: Positioned for Success
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Slide 19: 2019 Outlook and Priorities
2019 Outlook and Priorities 2019 is about continuing to improve performance metrics while fine-tuning the way we operate and conduct our business to realize our greatest potential. • Debit card instant issue • Enhanced treasury management & merchant services • Enhanced consumer internet banking • Ex
Slide 20: Investor Relations – Contact Information
Investor Relations – Contact Information Visit our Website Contact by Email www.barharbor.bank/shareholder-relations investorrelations@barharbor.bank Contact by Phone Write to us at (207)288-2637 Bar Harbor Bankshares Attn: Investor Relations PO Box 400 Bar Harbor, ME 04609-0400 Connect with us on S
Slide 21: Appendix
Appendix
Slide 22: Non-GAAP to GAAP Reconciliations
Non-GAAP to GAAP Reconciliations Dollar values in thousands, except per share 2018Q1 2018Q2 2018Q3 2018Q4 2019Q1 amounts or otherwise noted Net income 7,812 8,535 8,970 7,620 7,281 Adj: Security Gains - - - 924 - Adj: Loss on sale of fixed assets, net - - - - - Adj: Loss on OREO - 23 (8) 5 - Adj: Me
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