UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01 Other Events
On January 16, 2024, Bar Harbor Bankshares announced that its Board of Directors declared a quarterly cash dividend of $0.28 per share to shareholders of record at the close of business on February 15, 2024 and payable on March 15, 2024. A copy of the press release is furnished hereto as Exhibit 99.1 and incorporated into this Item 7.01 by reference.
In accordance with General Instruction B.2 of Form 8-K, the information furnished under this Item 7.01 of this Current Report on Form 8-K and the exhibit attached hereto are deemed to be “furnished” and shall not be deemed “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
Exhibit No. |
| Description |
99.1 104 | Press Release of Bar Harbor Bankshares dated January 16, 2024 Cover Page Interactive Data File (embedded within the inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
Bar Harbor Bankshares | ||
January 16, 2024 | By: | /s/ Curtis C. Simard |
Curtis C. Simard | ||
President and CEO |
Exhibit 99.1
Bar Harbor Bankshares Declares Quarterly Cash Dividend
BAR HARBOR, MAINE – January 16, 2024 -- Bar Harbor Bankshares (NYSE American: BHB; the “Company”) announced that its Board of Directors declared at its January 16, 2024 meeting, a quarterly cash dividend of $0.28 per share of common stock to Company shareholders of record at the close of business on February 15, 2024, payable on March 15, 2024. This dividend equates to a 3.81% annualized yield based on the $29.36 closing price of the Company's common stock on December 29, 2023, the last day of trading in 2023.
BACKGROUND
Bar Harbor Bankshares is the parent company of its wholly owned subsidiary, Bar Harbor Bank & Trust. Founded in 1887, Bar Harbor Bank & Trust is a true community bank serving the financial needs of its clients for over 135 years. Bar Harbor provides full service community banking with office locations in all three Northern New England states of Maine, New Hampshire, and Vermont. For more information, visit www.barharbor.bank.
FORWARD LOOKING STATEMENTS
Statements in this press release regarding the expected payment of the Company’s quarterly cash dividend is a forward looking statement. There are a number of important factors that could cause our ability to pay or increase cash dividends in the future to differ materially from those suggested or indicated by such forward-looking statements. These include, among other, the market price of the Company’s stock prevailing from time to time, our the continued financial strength, the nature of other investment opportunities available to the Company from time to time, the Company’s cash flows from operations, general economic conditions, and other factors identified in the Company’s most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission.
CONTACT
Josephine Iannelli; EVP, Chief Financial Officer & Treasurer; (207) 288-3314
Document and Entity Information |
Jan. 16, 2024 |
---|---|
Document and Entity Information [Abstract] | |
Document Type | 8-K |
Document Period End Date | Jan. 16, 2024 |
Securities Act File Number | 001-13349 |
Entity Registrant Name | BAR HARBOR BANKSHARES |
Entity Incorporation, State or Country Code | ME |
Entity Tax Identification Number | 01-0393663 |
Entity Address, Address Line One | PO Box 400 |
Entity Address, Address Line Two | 82 Main Street |
Entity Address, City or Town | Bar Harbor |
Entity Address, Postal Zip Code | 04609-0400 |
Entity Address, Country | ME |
City Area Code | 207 |
Local Phone Number | 288-3314 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Stock, par value $2.00 per share |
Trading Symbol | BHB |
Security Exchange Name | NYSEAMER |
Entity Emerging Growth Company | false |
Entity Central Index Key | 0000743367 |
Amendment Flag | false |
N-2 |
Jan. 16, 2024 |
---|---|
Cover [Abstract] | |
Entity Central Index Key | 0000743367 |
Amendment Flag | false |
Securities Act File Number | 001-13349 |
Document Type | 8-K |
Entity Registrant Name | BAR HARBOR BANKSHARES |
Entity Address, Address Line One | PO Box 400 |
Entity Address, Address Line Two | 82 Main Street |
Entity Address, City or Town | Bar Harbor |
Entity Address, Postal Zip Code | 04609-0400 |
City Area Code | 207 |
Local Phone Number | 288-3314 |
Entity Emerging Growth Company | false |
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