Bar Harbor Bankshares, Inc. · AMEX:BHB
Bar Harbor Bankshares — Shareholder Meeting (May 2018)
20 slides from Bar Harbor Bankshares's shareholder meeting presentation, May 15, 2018
Slide 1: Annual Shareholders Meeting
Annual Shareholders Meeting
Slide 2: Legal Disclaimer and Forward Looking Statements
Legal Disclaimer Forward Looking Statements This document contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. There are several factors that could cause actual results to differ significantly from expectations described in the forward-looking state
Slide 3: Bar Harbor Bankshares: Markets | Culture | Team
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Slide 4: A True Community Bank
A True Community Bank 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 true community bank providing exceptional commercial, retail and wealth management banking services through a network of 47
Slide 5: Our Markets
Our Markets 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 through diversification into various servi
Slide 6: An Expanded Team
An Expanded Team Curtis C. Simard Josephine Iannelli Richard B. Maltz President Executive Vice President Executive Vice President Chief Executive Officer Chief Financial Officer Chief Operating Officer & and Treasurer Chief Risk Officer John M. Mercier Gregory W. Dalton John W. Land Executive Vice P
Slide 7: Delivering On Our Strategy
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Slide 8: 2017 Achievements
2017 Achievements Bar Harbor Bankshares delivered on our strategies and expectations in 2017. We demonstrated an ability to not only technically succeed, but we did so with incredible efficiency. Our efforts have resulted in a stronger company with improved leadership and risk management. • Closing
Slide 9: 2017 Performance
2017 Performance Bar Harbor Bankshares produced record revenue and earnings in 2017 due to business expansion and increased operational efficiencies. The Company’s results included almost a full year benefit from the operations of LSBG which closed in early January 2017. • Total assets of $3.6 billi
Slide 10: First Quarter 2018 - Highlights & Initiatives
First Quarter 2018 - Highlights & Initiatives A strong start to 2018 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 11: Profitability
Profitability Core Earnings Per Share $0.75 $0.57 $0.58 $0.52 We strive to be one $0.50 $0.43 $0.41 $0.38 $0.39 $0.34 of the most profitable banks $0.25 in New England $0.00 2016Q1 2017Q1 2016Q2 2017Q2 2016Q3 2017Q3 2016Q4 2017Q4 Core ROAE 11.00% 2017Q1: $0.43 2018Q1: $0.52 9.90% 9.97% 9.32% 9.31% 9
Slide 12: Loans and Deposits
Loans and Deposits Loan Composition as of 3/31/18 Tax Exempt & Other Consumer 3% A focus on the core business: 5% C&I Residential loans and core deposits, 12% 46% which translates into core earnings Deposit Composition as of 3/31/18 Demand 15% CRE 34% Time Deposits 38% NOW 19% • Net loans of $2.5 bi
Slide 13: Asset Quality
Asset Quality NPAs / Assets 4.00% 3.50% 3.00% Continued commitment 2.50% to an exceptional 2.00% 1.50% risk management culture 1.00% 0.59% 0.41% 0.50% 0.19% 0.15% 0.20% 0.00% 2017Q1 2017Q2 2017Q3 2017Q4 2018Q1 NCOs / Avg. Loans 0.50% Pristine asset quality remains the 0.40% bedrock of responsibly gr
Slide 14: Well Capitalized Institution
Well Capitalized Institution 16.0% 13.9% 14.0% 13.6% 12.1% 12.3% 12.0% 11.4% 11.1% 10.0% 8.2% 8.0% 8.0% 6.0% 4.0% 2.0% 0.0% 03/17 Q 03/18 Q Tier 1 Leverage Ratio Common Equity Tier 1 Tier 1 Risk Based Capital Source: Company filings 14
Slide 15: Value For Our Shareholders
Value For Our Shareholders Strong Dividend Returns $0.20 $0.19 $0.18 $0.16 Always an eye on building $0.14 $0.14 shareholder value $0.13 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Appreciating Tangible Book Value • Dividend yield of 2.89%* 15.78 • 4.7% YOY TBV/Share accretion TBV/Share • +37%
Slide 16: Community Involvement
Community Involvement Bar Harbor Bank & Trust’s charitable mission is to improve the economic prosperity and health of our communities through our commitment to impactful philanthropy and volunteer service engagement. Our employees volunteered substantial hours of their time on community projects an
Slide 17: Positioned for Success
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Slide 18: 2018 Outlook and Priorities
2018 Outlook and Priorities 2018 is about continuing to improve performance metrics while fine-tuning the way we operate and conduct our business to realize our greatest potential as a True Community Bank. • Hold firm to our model of balancing growth with earnings • Seek catalyst recruits as needed
Slide 19: Appendix
Appendix
Slide 20: Non-GAAP to GAAP Reconciliations
Non-GAAP to GAAP Reconciliations Dollar values in thousands, except per share amounts or otherwise noted 2017Q1 2017Q2 2017Q3 2017Q4 2018Q1 Net income $4,211 $6,556 $8,617 $6,609 $7,812 Adj: Security Gains - - (19) - - Adj: Loss on sale of fixed assets, net 95 - (1) - - Adj: Acquisition expenses 3,1
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