Bar Harbor Bankshares, Inc. · AMEX:BHB
Bar Harbor Bankshares — Q3 2025 Earnings Presentation
27 slides from Bar Harbor Bankshares's earnings presentation, Nov 10, 2025
Slide 1: Investor Presentation
’] 02 A Investor Presentation eae as aa See | BAR HARBOR BANKSHARES 4a. ~ ~ BAR HARBOR FINANCIAL SERVICES. —
Slide 2: Legal Disclaimer: Cautionary Statement Regarding Forward-Looking Statements
Legal Disclaimer Cautionary Statement Regarding Forward-Looking Statements This presentation, including any oral statements made regarding the contents of this presentation, contains certain statements that are not historical facts that may constitute forward-looking statements within the meaning of
Slide 3: Legal Disclaimer: Non-GAAP Financial Measures
Legal Disclaimer Non-GAAP Financial Measures This presentation contains certain non-GAAP financial measures in addition to results presented in accordance with accounting principles generally accepted in the United States of America (“GAAP”). These non-GAAP measures are intended to provide the reade
Slide 4: A Bank that Thinks Differently
A Bank that Thinks Differently • Employee and customer experience is the foundation of our performance, which leads to financial benefits to our shareholders, including a consistent history of expanding dividends • Commitment to risk management • Service and sales driven culture with a focus on core
Slide 5: Overview of Bar Harbor Bank & Trust
Overview of Bar Harbor Bank & Trust • We strive to be one of the most profitable banks in New England; and to provide exceptional service to people, businesses and communities we serve • Business overview as of September 30, 2025 • Over 50 locations spanning Northern New England1 • $3.4 billion in A
Slide 6: Senior Executive Team
Senior Executive Team Curtis C. Simard President & Chief Executive Officer • Joined as President & CEO of Bar Harbor Bank & Trust in June of 2013 • Served as Managing Director of Corporate Banking for TD Bank • Over 30+ years of industry experience SVP, Chief Human Resources Officer Alison DiPaola •
Slide 7: Our Markets
Our Markets The Bank serves a wide range of markets in Maine, New Hampshire and Vermont. Within our markets, tourism, service, distribution, agriculture, and the working waterfront remain strong and continue to drive economic activity. These core markets have also maintained their strength through d
Slide 8: Our strategy is working and the industry is taking notice
Our strategy is working and the industry is taking notice 8
Slide 9: Enhancing our New Hampshire Franchise: Acquisition of Guaranty Bancorp, Inc.
9 Enhancing our New Hampshire Franchise • Closed the Guaranty acquisition effective July 31, 2025; successfully completed system conversion in early October • This strategic expansion enabled Bar Harbor Bank & Trust to add nine New Hampshire branches, broadening the Bank’s footprint in an adjacent,
Slide 10: BHB Stock Dividend Rate
BHB Stock Dividend Rate • Deliver consistently high dividend yields 10 Peer Average calculated based on the peer group's public filings. Peer group defined in BHB 2025 Proxy, filed on March 31, 2025
Slide 11: BHB: Investment Summary
BHB: Investment Summary • We set out to build a balanced Bank that is not overly reliant on any one business, with a strong risk-focused culture, and a judicious approach to managing capital through all market conditions. We do this by: • Growing market share as our high-touch, solutions-based servi
Slide 12: 2025 Year-to-Date Overview
2025 Year-to-Date Overview • Poised for Continued, Profitable Growth • 0.79% return on assets, 1.15% core return on assets1 • 7.02% return on equity, 10.20% core return on equity1 • 5% annualized organic commercial loan growth2 • 3.32% net interest margin1 • 60% efficiency ratio1 • 0.25% non-perform
Slide 13: Q3 2025 Overview
Q3 2025 Overview • 0.78% return on assets, 1.35% core return on assets1 • 6.99% return on equity, 12.16% core return on equity1 • 3.56% net interest margin1 • 57% efficiency ratio1 • 0.25% non-performing assets ratio to total assets • Book value per share of $31.22 Vision Statement Bar Harbor Banksh
Slide 14: Diversification of Non-Interest Income
Diversification of Non-Interest Income • We have diverse sources of non-interest income that continue to be a significant contribution in any rate environment • Mortgage production is opportunistically managed between balance sheet and secondary market sales • Bar Harbor Wealth Management, along wit
Slide 15: Loans – Focus on Profitability
Loans – Focus on Profitability • Continue to prudently evaluate our loan portfolio mix & strategy • As of Q3 2025, Commercial Loans have increased from 62% to 68% of the Loan Portfolio since Q3 2021 15
Slide 16: Credit-Oriented Culture: Asset Quality Remained Strong at Q3 2025
Credit-Oriented Culture Asset Quality Remained Strong at Q3 2025 • Non-accruing loans ended the quarter at 0.27% of total loans, which was down from 0.31% for Q2 2025 • Net loan charge-offs were $316 thousand in Q3 2025, driven by two commercial charge-offs totaling $232 thousand. YTD net loan charg
Slide 17: Commercial Real Estate – Office Exposure
Commercial Real Estate – Office Exposure Office portfolio remains sound amid industry challenges Total outstanding office loans of $261 million, or ~ 8.2% of total loans, at Q3 2025 • Office loans increased $16 million in Q3, driven by two new RR3 loans. BHBT has remained highly selective in new CRE
Slide 18: Asset Quality
Asset Quality 18 - 50 100 150 200 250 300 350 400 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Thousands Net Charge Offs $ 0.00% 0.05% 0.10% 0.15% 0.20% 0.25% 0.30% 0.35% Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 NPAs as a % of Total Assets 0.00% 0.05% 0.10% 0.15% 0.20% 0.25% 0.30% 0.35% Q3 2024 Q4 2024 Q1
Slide 19: Deposits – Maintain Portfolio Composition
Deposits – Maintain Portfolio Composition 19 • Stable and consistent deposit trends Non-interest bearing demand, 18% Interest-bearing demand, 28% Savings, 17% Money market, 12% Time deposits, 25% Deposit Product Mix as of 9/30/2025 75% 75% 74% 73% 75% 25% 25% 26% 27% 25% 0% 10% 20% 30% 40% 50% 60% 7
Slide 20: Continued Commitment to Strong Capital
Continued Commitment to Strong Capital 20 Note: The blue horizontal lines indicate minimum required levels for “well-capitalized” banks 6.00% 7.00% 8.00% 9.00% 10.00% 11.00% 12.00% 13.00% 14.00% 15.00% Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Total Capital to Risk-Weighted Assets 6.00% 7.00% 8.00% 9.
Slide 21: Interest Rate Sensitivity Position
Interest Rate Sensitivity Position 21 • The Bank’s net interest income (“NII”) sensitivity is slightly asset sensitive • Economic value of equity (“EVE”) is slightly liability sensitive, with Asset/Swap duration (2.2) and Liability duration (2.3) closely matched to minimize risk • The Bank continues
Slide 22: Investor Relations Contact Information
Investor Relations Contact Information 22 Facebook @BHBTsocial LinkedIn Bar Harbor Bank & Trust Instagram @BHBTSocial Connect with us on Social Media Visit our Website barharbor.bank/shareholder-relations Contact by Phone 207-288-2637 Write to us at Bar Harbor Bankshares Attn: Investor Relations PO
Slide 23: Appendix
4m BAR HARBOR BANKSHARES Appendix 4am. 4mm 4o~m. BAR HARBOR BAR HARBOR BAR HARBOR BANK & » WEALTH MANAGEMENT FINANCIAL SERVICES
Slide 24: Historical Financial Performance
Historical Financial Performance 24 Unaudited 2022Y 2023Y 2024Y 2024Q3 2024Q4 2025Q1 2025Q2 2025Q3 Balance Sheet Total Assets $3,910 $3,971 $4,083 $4,030 $4,083 $4,063 $4,112 $4,717 Total Loans 2,903 2,999 3,147 3,082 3,147 3,124 3,153 3,584 Total Deposits 3,043 3,141 3,268 3,261 3,268 3,297 3,292 3
Slide 25: Non-GAAP to GAAP Reconciliations
Non-GAAP to GAAP Reconciliations 25 2022Y 2023Y 2024Y 2024Q3 2024Q4 2025Q1 2025Q2 2025Q3 Year to Date 2025 Net income $ 43,557 $ 44,852 $ 43,544 $ 12,193 $ 10,999 $ 10,211 $ 6,092 $ 8,855 $ 25,158 Non-core items: (Gain) loss on available-for-sale debt securities(6) (53) (34) (50) — — — 4,942 (41) 4,
Slide 26: Non-GAAP to GAAP Reconciliations (continued)
Non-GAAP to GAAP Reconciliations (continued) 26 2022Y 2023Y 2024Y 2024Q3 2024Q4 2025Q1 2025Q2 2025Q3 Year to Date 2025 Total revenue $148,328 $152,748 $150,727 $ 38,611 $ 38,459 $ 37,925 $ 34,541 $ 47,526 $ 119,992 Total non-interest expense 90,579 92,723 95,987 24,772 23,885 24,651 26,538 32,739 83
Slide 27: Non-GAAP to GAAP Reconciliations (continued)
Non-GAAP to GAAP Reconciliations (continued) 27 2022Y 2023Y 2024Y 2024Q3 2024Q4 2025Q1 2025Q2 2025Q3 Year to Date 2025 Performance ratios (4) GAAP return on assets 1.16% 1.14% 1.09% 1.20% 1.09% 1.02% 0.60% 0.78% 0.79% Core return on assets (2) (A/F) 1.17 1.15 1.09 1.20 1.09 1.04 1.06 1.35 1.15 Pre-t
Bar Harbor Bankshares — Q3 2025 Earnings Presentation on 6ix