Bar Harbor Bankshares Management

Management criteria checks 3/4

Bar Harbor Bankshares' CEO is Curtis Simard, appointed in Aug 2013, has a tenure of 11.25 years. total yearly compensation is $1.84M, comprised of 38.9% salary and 61.1% bonuses, including company stock and options. directly owns 0.72% of the company’s shares, worth €3.77M. The average tenure of the management team and the board of directors is 8.1 years and 10 years respectively.

Key information

Curtis Simard

Chief executive officer

US$1.8m

Total compensation

CEO salary percentage	38.9%
CEO tenure	11.3yrs
CEO ownership	0.7%
Management average tenure	8.1yrs
Board average tenure	10yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Curtis Simard's remuneration changed compared to Bar Harbor Bankshares's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$42m
Jun 30 2024	n/a	n/a	US$41m
Mar 31 2024	n/a	n/a	US$42m
Dec 31 2023	US$2m	US$716k	US$45m
Sep 30 2023	n/a	n/a	US$47m
Jun 30 2023	n/a	n/a	US$48m
Mar 31 2023	n/a	n/a	US$47m
Dec 31 2022	US$2m	US$695k	US$44m
Sep 30 2022	n/a	n/a	US$41m
Jun 30 2022	n/a	n/a	US$40m
Mar 31 2022	n/a	n/a	US$39m
Dec 31 2021	US$2m	US$675k	US$39m
Sep 30 2021	n/a	n/a	US$38m
Jun 30 2021	n/a	n/a	US$36m
Mar 31 2021	n/a	n/a	US$35m
Dec 31 2020	US$2m	US$655k	US$33m
Sep 30 2020	n/a	n/a	US$29m
Jun 30 2020	n/a	n/a	US$25m
Mar 31 2020	n/a	n/a	US$23m
Dec 31 2019	US$1m	US$635k	US$23m
Sep 30 2019	n/a	n/a	US$26m
Jun 30 2019	n/a	n/a	US$30m
Mar 31 2019	n/a	n/a	US$32m
Dec 31 2018	US$1m	US$605k	US$33m
Sep 30 2018	n/a	n/a	US$32m
Jun 30 2018	n/a	n/a	US$32m
Mar 31 2018	n/a	n/a	US$30m
Dec 31 2017	US$1m	US$525k	US$26m

Compensation vs Market: Curtis's total compensation ($USD1.84M) is above average for companies of similar size in the German market ($USD1.03M).

Compensation vs Earnings: Curtis's compensation has been consistent with company performance over the past year.

CEO

Curtis Simard (53 yo)

11.3yrs

Tenure

US$1,839,140

Compensation

Mr. Curtis C. Simard has been the Chief Executive Officer and President of Bar Harbor Bankshares since August 9, 2013 and its subsidiary Bar Harbor Bank and Trust Company (formerly known as Bar Harbor Bank...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Curtis Simard	President	11.3yrs	US$1.84m	0.72% € 3.8m
Josephine Iannelli	Executive VP	8.1yrs	US$941.07k	0.24% € 1.3m
Jason Edgar	President of Bar Harbor Wealth Management	2.8yrs	US$634.52k	0.11% € 566.0k

8.1yrs

Average Tenure

52yo

Average Age

Experienced Management: 346032's management team is seasoned and experienced (8.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Curtis Simard	President	11.4yrs	US$1.84m	0.72% € 3.8m
Matthew Caras	Independent Chairman	10.5yrs	US$81.99k	0.13% € 667.2k
Scott Toothaker	Independent Director	21.5yrs	US$71.99k	0.30% € 1.6m
Daina Belair	Independent Director	9.5yrs	US$81.99k	0.079% € 413.4k
Kenneth Smith	Independent Director	20.5yrs	US$81.99k	0.17% € 886.1k
Lauri Fernald	Independent Director	19.4yrs	US$76.99k	0.12% € 627.0k
David Colter	Independent Director	8.5yrs	US$83.99k	0.070% € 368.4k
Debra Miller	Independent Director	2.5yrs	US$71.99k	0.026% € 133.9k
Brian Shaw	Independent Director	1.5yrs	US$59.86k	0.035% € 184.3k
Heather Jones	Independent Director	less than a year	no data	0.0072% € 37.7k

10.0yrs

Average Tenure

62yo

Average Age

Experienced Board: 346032's board of directors are seasoned and experienced ( 10 years average tenure).

Bar Harbor Bankshares Management

Management criteria checks 3/4

Key information

Recent management updates

Independent Director recently bought €107k worth of stock

Bar Harbor Bankshares Elects Heather D. Jones as Director

Bar Harbor Bankshares, Annual General Meeting, May 16, 2024

Bar Harbor Bankshares Approves the Election of Brian D. Shaw as Director

Bar Harbor Bankshares Announces the Demise of Brendan J. O’Halloran, Member of Board of Directors

Insufficient new directors

Recent updates

New minor risk - Share price stability

Investor sentiment improves as stock rises 17%

Third quarter dividend of US$0.30 announced

Third quarter 2024 earnings released: EPS: US$0.80 (vs US$0.73 in 3Q 2023)

Bar Harbor Bankshares Declares Quarterly Cash Dividend, Payable on December 13, 2024

Upcoming dividend of US$0.30 per share

Second quarter dividend of US$0.30 announced

Second quarter 2024 earnings released: EPS: US$0.67 (vs US$0.71 in 2Q 2023)

Bar Harbor Bankshares Declares Cash Dividend for the Second Quarter of 2024, Payable on September 13, 2024

Investor sentiment improves as stock rises 18%

Independent Director recently bought €107k worth of stock

Bar Harbor Bankshares Elects Heather D. Jones as Director

Upcoming dividend of US$0.30 per share

First quarter dividend of US$0.30 announced

First quarter 2024 earnings released: EPS: US$0.66 (vs US$0.86 in 1Q 2023)

Bar Harbor Bankshares, Annual General Meeting, May 16, 2024

Full year 2023 earnings released: EPS: US$2.96 (vs US$2.90 in FY 2022)

Upcoming dividend of US$0.28 per share at 4.4% yield

Full year 2023 earnings released: EPS: US$2.96 (vs US$2.90 in FY 2022)

Bar Harbor Bankshares Declares Quarterly Cash Dividend, Payable on March 15, 2024

Upcoming dividend of US$0.28 per share at 4.4% yield

New major risk - Revenue and earnings growth

Third quarter 2023 earnings released: EPS: US$0.73 (vs US$0.76 in 3Q 2022)

Bar Harbor Bankshares Declares Cash Dividend, Payable on December 15, 2023

Upcoming dividend of US$0.28 per share at 4.2% yield

Bar Harbor Bankshares Votes to Declare Cash Dividend, Payable on September 15, 2023

Second quarter 2023 earnings released: EPS: US$0.71 (vs US$0.70 in 2Q 2022)

Investor sentiment improves as stock rises 18%

Bar Harbor Bankshares Approves the Election of Brian D. Shaw as Director

Bar Harbor Bankshares Announces the Demise of Brendan J. O’Halloran, Member of Board of Directors

Upcoming dividend of US$0.28 per share at 4.8% yield

Full year 2022 earnings released

Upcoming dividend of US$0.26 per share at 3.3% yield

Full year 2022 earnings released: EPS: US$2.90 (vs US$2.63 in FY 2021)

Bar Harbor Bankshares Declares Cash Dividend, Payable on March 16, 2023

Insufficient new directors

Upcoming dividend of US$0.26 per share

Third quarter 2022 earnings released: EPS: US$0.76 (vs US$0.74 in 3Q 2021)

Bar Harbor Bankshares Declares Cash Dividend, Payable on December 16, 2022

Upcoming dividend of US$0.26 per share

Second quarter 2022 earnings released: EPS: US$0.70 (vs US$0.60 in 2Q 2021)

Bar Harbor Bankshares Declares Cash Dividend, Payable on September 16, 2022

Upcoming dividend of US$0.26 per share

First quarter 2022 earnings released: EPS: US$0.61 (vs US$0.64 in 1Q 2021)

Insufficient new directors

Bar Harbor Bankshares Votes to Declare Cash Dividend, Payable on June 17, 2022

Bar Harbor Bankshares, Annual General Meeting, May 17, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Upcoming dividend of US$0.24 per share

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Upcoming dividend of US$0.24 per share

Third quarter 2021 earnings released: EPS US$0.74 (vs US$0.56 in 3Q 2020)

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age