Bar Harbor Bankshares (BHB) Stock

Bar Harbor Bankshares (BHB) is a Financials stock trading at $39.84 (as of 2026-08-21), with a market capitalization of $667.96M and a trailing P/E of 13.1. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Bar Harbor Bankshares is a bank holding company for Bar Harbor Bank & Trust, offering commercial, lending, retail, and wealth management banking services. It provides deposit and loan products across commercial, residential, consumer, and commercial real estate categories, along with trust/estate administration, wealth advisory, and investment-related services for individuals, businesses, not-for-profit organizations, and municipalities.

Understand Bar Harbor Bankshares: how it makes money

Bar Harbor Bankshares is a bank holding company for Bar Harbor Bank and Trust, providing commercial and retail lending, deposit products, and wealth management and brokerage services, which it earns from banking activities tied to deposits and loans, plus wealth and brokerage services tied to client assets under management.

The profit engine is the combination of managing client deposits and originating and managing loans (including commercial real estate and commercial and industrial lending), while also earning fee income from wealth management and brokerage that scales with Assets Under Management (Wealth Management and Brokerage).

Business quality (Solid): Operating margin is reported at 31.0%, and reported credit quality metrics show most loans are pass-rated, but delinquency and provisioning indicators (including office risk measures and allowance coverage relative to non-accruing loans) suggest investors should watch credit performance closely.

Valuation: At 15× earnings, BHB trades 19% above the Banking average (13×). Note: one-time items can distort reported P/E.

Bull case

Most loans are pass-rated: The Pass-Rated Loans Ratio is 94.6%, and Pass-Rated Office Exposure is 91.0%.
Limited delinquency at the 30+ day level: The Loans 30+ Days Past Due Ratio is 0.55%.
Wealth management and brokerage assets provide a second earnings driver: Assets Under Management (Wealth Management and Brokerage) are 3.5 USD_B, with Non-Brokerage Assets Under Management at 2.8 USD_B.

Bear case

Provisioning coverage is high relative to non-accruing loans: Allowance for Credit Losses as a Percentage of Non-Accruing Loans is 409.0%.
Office credit risk exists, not just in the worst bucket: Substandard or Worse Office Exposure is 4.0%, and Weighted Average Risk Rating for Office is 3.99.
Some delinquent exposure remains: Accruing Delinquent Loans Ratio is 0.1%, and Non-Accruing Delinquent Loans Ratio is 0.2%.

Valuation — source: SEC EDGAR (first-party)
Price	$39.84
Market Cap	$667.96M
P/E Ratio	13.1
EV / EBITDA	12.2
Price / Book	1.22
Price / Sales	3.00
FCF Yield	8.6%
DCF Value (model)	$29.09
DCF Upside vs Price	-27.0%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$209.52M
Net Margin	17.6%
Revenue Growth (YoY)	16.2%
EPS Growth (YoY)	20.9%
FCF Growth (YoY)	-61.4%

Valuation vs Sector & Industry
Stock P/E	13.1
Sector P/E (Financials)	15.1
Industry P/E (Banking)	13.0
vs Sector	-13.5%
vs Industry	0.7%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	BlackRock, Inc. ($45.21M)
Institutional Holders Tracked	10

Company
Sector	Financials
Industry	Banking
CEO	Curtis C. Simard
Employees	458
Country	US
IPO Date	1997-09-23

Related Companies (Business model: Universal / Commercial Bank; 8 closest by market cap; US-domiciled)

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.