Bar Harbor Bankshares (FRA:42K) Credit Losses Provision : €2.0 Mil (As of Mar. 2024)

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What is Bar Harbor Bankshares Credit Losses Provision?

Bar Harbor Bankshares's credit losses provision for the three months ended in Mar. 2024 was €0.1 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was €2.0 Mil.

Bar Harbor Bankshares's quarterly credit losses provision declined from Sep. 2023 (€0.6 Mil) to Dec. 2023 (€0.6 Mil) and declined from Dec. 2023 (€0.6 Mil) to Mar. 2024 (€0.1 Mil).

Bar Harbor Bankshares's annual credit losses provision increased from Dec. 2021 (€-1.0 Mil) to Dec. 2022 (€4.4 Mil) but then declined from Dec. 2022 (€4.4 Mil) to Dec. 2023 (€2.6 Mil).

Bar Harbor Bankshares Credit Losses Provision Historical Data

The historical data trend for Bar Harbor Bankshares's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Bar Harbor Bankshares Credit Losses Provision Chart

Bar Harbor Bankshares Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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2.09

4.66

-1.00

4.40

2.59

Bar Harbor Bankshares Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															0.58	0.69	0.63	0.55	0.10

Bar Harbor Bankshares Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €2.0 Mil.

Bar Harbor Bankshares (FRA:42K) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bar Harbor Bankshares Inc (FRA:42K) » Definitions » Credit Losses Provision

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Traded in Other Exchanges

BHB:USA

Address

82 Main Street, P.O. Box 400, Bar Harbor, ME, USA, 04609-0400

Website

https://www.barharbor.bank

Bar Harbor Bankshares Inc is a bank holding company along with its subsidiaries that offers a full range of financial services products, brokerage services through third-party brokerage arrangements and also trust and investment management services to individuals, businesses, non-profit organizations, and municipalities. Its products and services consist of checking, deposits, cards, mobile banking, online services, loans, merchant services, trust, and fiduciary services, investment planning, education funding, individual retirement planning, insurance, and risk management services.

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