Bar Harbor Bankshares Management

Management criteria checks 4/4

Bar Harbor Bankshares' CEO is Curtis Simard, appointed in Aug 2013, has a tenure of 10.67 years. total yearly compensation is $1.84M, comprised of 38.9% salary and 61.1% bonuses, including company stock and options. directly owns 0.65% of the company’s shares, worth $2.50M. The average tenure of the management team and the board of directors is 7.5 years and 10.8 years respectively.

Key information

Curtis Simard

Chief executive officer

US$1.8m

Total compensation

CEO salary percentage	38.9%
CEO tenure	10.7yrs
CEO ownership	0.7%
Management average tenure	7.5yrs
Board average tenure	10.8yrs

Recent management updates

Recent updates

Do Institutions Own Bar Harbor Bankshares (NYSEMKT:BHB) Shares?

Mar 10

Be Sure To Check Out Bar Harbor Bankshares (NYSEMKT:BHB) Before It Goes Ex-Dividend

Feb 12

Bar Harbor Bankshares (NYSEMKT:BHB) Is An Attractive Dividend Stock - Here's Why

Jan 19

Does Bar Harbor Bankshares' (NYSEMKT:BHB) CEO Salary Compare Well With Industry Peers?

Dec 24

Would Shareholders Who Purchased Bar Harbor Bankshares' (NYSEMKT:BHB) Stock Three Years Be Happy With The Share price Today?

Dec 03

CEO Compensation Analysis

How has Curtis Simard's remuneration changed compared to Bar Harbor Bankshares's earnings?
Date	Total Compensation	Salary	Company Earnings
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 ($USD1.84M) is about average for companies of similar size in the US market ($USD2.37M).

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

CEO

Curtis Simard (52 yo)

10.7yrs

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	10.7yrs	US$1.84m	0.65% $ 2.5m
Josephine Iannelli	Executive VP	7.5yrs	US$941.07k	0.22% $ 851.1k
Jason Edgar	President of Bar Harbor Wealth Management	2.3yrs	US$634.52k	0.094% $ 361.4k
William Schaefer	Senior Vice President of Finance	no data	no data	no data

7.5yrs

Average Tenure

48.5yo

Average Age

Experienced Management: BHB's management team is seasoned and experienced (7.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Curtis Simard	President	10.8yrs	US$1.84m	0.65% $ 2.5m
Matthew Caras	Independent Director	9.9yrs	US$81.99k	0.12% $ 459.4k
Martha Dudman	Independent Director	20.9yrs	US$71.99k	0.13% $ 518.6k
Scott Toothaker	Independent Director	20.9yrs	US$71.99k	0.27% $ 1.0m
David Woodside	Independent Chairman of the Board	20.9yrs	US$103.99k	0.15% $ 572.8k
Daina Belair	Independent Director	8.9yrs	US$81.99k	0.072% $ 277.5k
Kenneth Smith	Independent Director	19.9yrs	US$81.99k	0.16% $ 611.8k
Lauri Fernald	Independent Director	18.8yrs	US$76.99k	0.11% $ 432.9k
David Colter	Independent Director	7.9yrs	US$83.99k	0.063% $ 243.4k
Debra Miller	Independent Director	1.9yrs	US$71.99k	0.018% $ 71.0k
Brian Shaw	Independent Director	less than a year	US$59.86k	0.028% $ 108.3k

10.8yrs

Average Tenure

65yo

Average Age

Experienced Board: BHB's board of directors are seasoned and experienced ( 10.8 years average tenure).

Bar Harbor Bankshares Management

Management criteria checks 4/4

Key information

Recent management updates

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

President exercised options and sold US$102k worth of stock

Insufficient new directors

Insufficient new directors

Recent updates

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: Revenues and EPS in line with analyst expectations

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

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

Third quarter dividend of US$0.28 announced

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

Price target increased by 7.1% to US$30.00

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

New major risk - Revenue and earnings growth

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

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: EPS exceeds analyst expectations

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

President exercised options and sold US$102k worth of stock

Price target decreased by 9.1% to US$30.00

Full year 2022 earnings: Revenues in line with analyst expectations

Now 23% undervalued after recent price drop

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

Now 22% undervalued

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: Revenues and EPS in line with analyst expectations

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

Upcoming dividend of US$0.26 per share

First quarter 2022 earnings: Revenues and EPS in line with analyst expectations

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 and revenues exceed analyst expectations

Upcoming dividend of US$0.24 per share

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

Upcoming dividend of US$0.24 per share

Second quarter 2021 earnings released: EPS US$0.60 (vs US$0.55 in 2Q 2020)

Upcoming dividend of US$0.24 per share

Executive VP, COO & Chief Risk Officer has left the company

First quarter 2021 earnings released: EPS US$0.64 (vs US$0.50 in 1Q 2020)

President exercised options and sold US$67k worth of stock

Full year 2020 earnings released: EPS US$2.18 (vs US$1.46 in FY 2019)

Do Institutions Own Bar Harbor Bankshares (NYSEMKT:BHB) Shares?

New 90-day high: US$25.24

Be Sure To Check Out Bar Harbor Bankshares (NYSEMKT:BHB) Before It Goes Ex-Dividend

Full year 2020 earnings released: EPS US$2.18 (vs US$1.46 in FY 2019)

Bar Harbor Bankshares (NYSEMKT:BHB) Is An Attractive Dividend Stock - Here's Why

Does Bar Harbor Bankshares' (NYSEMKT:BHB) CEO Salary Compare Well With Industry Peers?

New 90-day high: US$24.79

Would Shareholders Who Purchased Bar Harbor Bankshares' (NYSEMKT:BHB) Stock Three Years Be Happy With The Share price Today?

New 90-day high: US$24.04

Third quarter 2020 earnings released: EPS US$0.56

Third quarter earnings released

New 90-day low: US$19.62

First half earnings released

CEO Compensation Analysis

CEO

Tenure

Compensation