BAR HARBOR — Bar Harbor Bankshares, the parent company of Bar Harbor Bank & Trust, recently announced record net income of $15.2 million for the year ended Dec. 31, 2015. That represents an increase of $540,000, or 3.7 percent, compared with 2014.
The company also reported record diluted earnings per share of $2.50 for 2015, representing an increase of 5 cents, or 2.0 percent, compared with 2014.
The company’s return on average equity amounted to 10.01 percent, compared with 10.69 percent in 2014. The company’s return on average assets amounted to 0.98 percent, compared with 1.03 percent in 2014.
The company also reported net income of $3.5 million for the quarter ended Dec. 31, 2015, or diluted earnings per share of 57 cents, compared with $3.1 million or diluted earnings per share of 52 cents in the fourth quarter of 2014.
“Our 2015 performance continues to underscore a balance between growth and earnings,” said Company President and Chief Executive Officer Curtis C. Simard. “We are proud to report our 10th consecutive year of record earnings following our recently announced 19th consecutive quarterly cash dividend increase.”