Bar Harbor Bankshares, Inc. · AMEX:BHB
Bar Harbor Bankshares — Sandler O'Neill Partners 2017 East Coast Financial Services Conference
19 slides from Bar Harbor Bankshares's conference presentation, Nov 15, 2017
Slide 1: Sandler O'Neill 2017 East Coast Financial Services Conference
November 2017 Sandler O’Neill Partners 2017 East Coast Financial Services Conference +
Slide 2: Legal Disclaimer
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: Corporate Profile
Corporate Profile Market data as of November 13, 2017As of the three months ended September 30, 2017 Balance Sheet ($ in Millions) Asset Quality (%) Profitability (%) Financial Highlights² Company Overview¹ Bar Harbor Bankshares (NYSE: BHB) established in 1887 and headquartered in Bar Harbor, MaineB
Slide 4: Strategic Objectives
Strategic Objectives We strive to be among the most profitable banks in New England; to provide exceptional service to the people, businesses and communities we serve; and create a corporate culture that develops and rewards existing employees and attracts outside talent.
Slide 5: Management Team
Management Team Executive Background Curtis C. Simard President and CEO Joined President and CEO of Bar Harbor Bankshares and Bar Harbor Bank & Trust in June 2013Served as Managing Director of Corporate Banking for TD Bank Josephine IannelliEVP, Chief Financial Officer and Treasurer Joined Bar Harbo
Slide 6: Company Milestones
Company Milestones Established in 1887, Bar Harbor Trust has taken significant steps to grow into one of the most profitable banks in New England 1887 Mr. Simard assumed role as President & CEO BHB named to Sandler O’Neill’s All Star List 2013 Transformative acquisition of Lake Sunapee Bank Group ex
Slide 7: Markets We Serve
Markets We Serve Serving affluent and growing markets in the NortheastStrong growth prospects in commercial and consumer markets provide a significant opportunity to leverage BHB’s lending and trust and wealth management platforms Deposit Market Share by State Median Household Income Number 1 or 2 d
Slide 8: Third Quarter 2017 - Highlights & Initiatives
Third Quarter 2017 - Highlights & Initiatives 9% total loan growth (annualized)22% commercial loan growth (annualized)11% deposit growth (annualized)1.01% core ROA (non-GAAP)9.90% core ROE (non-GAAP)6% increase in non-interest income53.59% efficiency ratioAnnounced sale of insurance business Announc
Slide 9: Profitability Metrics
Profitability Metrics Efficiency Ratio Net Interest Margin Core ROAE Core ROAA Note: ROAA & ROAE adjusted to exclude expenses of LGSB acquisitionSource: Company filings
Slide 10: Focus on Non-Interest Income
Focus on Non-Interest Income Wealth ManagementAUM of $1.8 billionCharter Trust Company, Bar Harbor Trust ServicesTotal Revenue of $8.4 million for the nine months ending September 30, 2017Mortgage BankingLoans Serviced by BHBT $494.4 millionTotal Mortgage Banking Income of $828 thousand for the nine
Slide 11: Loan Composition
Loan Composition Source: Company filings
Slide 12: Deposit Composition
Deposit Composition Source: Company filings
Slide 13: Asset Quality
Asset Quality Due to GAAP requirements relating to mergers, measure not directly comparable to pre-merger periodsSource: Company filings Reserves / Loans¹ NCOs / Avg. Loans NPAs / Assets
Slide 14: Well Capitalized Institution
Well Capitalized Institution Source: Company filings
Slide 15: Stock Price Performance, Dividend History, Stock Splits
Stock Price Performance Dividend History Stock Splits Consistent dividend payments to shareholdersCurrent dividend yield of 2.75%¹ 3-for-2 stock split paid on March 21, 2017 As of November 13, 2017Source: SNL Financial & Company Filings Stock Performance Outperformed S&P 500 and SNL U.S. Bank and Th
Slide 16: Investment Considerations
Investment Considerations Focused on building franchise value Deep and talented management teamProfitable and efficient business model Clear vision to grow core loan/deposit business Development and expansion of non-interest income revenueProven ability to grow organically and via acquisitionsPristi
Slide 17: Appendix
Appendix
Slide 18: Historical Financial Performance
Historical Financial Performance Source: SNL Financial
Slide 19: Non-GAAP to GAAP Reconciliations
Non-GAAP to GAAP Reconciliations