Estados financieros detallados de Bar Harbor Bankshares (BHB): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
Bar Harbor Bankshares registró ingresos de $243.3M en el último ejercicio fiscal, con un CAGR de 5 años del 7.6%. El beneficio neto alcanzó $36.9M, con un CAGR a 5 años del 2.1%.
Márgenes de los últimos 12 meses: margen bruto 65.3%, margen operativo 22.8%, margen neto 21.6%. El flujo de caja libre creció a un CAGR del 6.7% en 5 años.
Al precio actual de $40.42, BHB cotiza a un P/E de 13.39 y un ROE del 9.22%. La capitalización bursátil es de $677M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $69.8M | $142.1M | $155.4M | $164.5M | $169.1M | $153.1M | $161.2M | $150.4M | $224.4M | $243.3M |
| Coste de Ventas | $13.1M | $26.7M | $39.3M | $47.9M | $32.6M | $14.1M | $17.5M | 0 | $75.1M | $79.3M |
| Beneficio Bruto | $56.7M | $115.3M | $116.0M | $116.6M | $136.5M | $139.0M | $143.7M | $150.4M | $149.4M | $164.0M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $21.1M | $44.8M | $45.9M | $49.5M | $50.3M | $48.7M | $51.2M | $56.0M | $58.7M | $74.3M |
| Gastos Operativos | $35.9M | $72.7M | $75.5M | $89.7M | $94.8M | $90.3M | $88.8M | $75.8M | $96.8M | $117.7M |
| Beneficio Operativo | $20.8M | $42.6M | $40.5M | $26.8M | $41.7M | $48.6M | $54.8M | $74.7M | $52.6M | $46.4M |
| EBITDA | $22.5M | $47.0M | $45.0M | $31.8M | $47.4M | $55.2M | $61.3M | 0 | $56.0M | $52.0M |
| Gastos por Intereses | $12.1M | $23.9M | $36.6M | $45.6M | $26.9M | $15.2M | $12.8M | $56.5M | $74.9M | $75.0M |
| Beneficio Antes de Impuestos | $20.8M | $42.6M | $40.5M | $26.8M | $41.7M | $48.6M | $54.8M | $57.1M | $52.6M | $45.9M |
| Impuestos | $5.9M | $16.6M | $7.6M | $4.2M | $8.4M | $9.3M | $11.3M | $12.3M | $9.1M | $9.0M |
| Beneficio Neto | $14.9M | $26.0M | $32.9M | $22.6M | $33.2M | $39.3M | $43.6M | $44.9M | $43.5M | $36.9M |
| BPA | $1.65 | $1.71 | $2.13 | $1.46 | $2.18 | $2.63 | $2.90 | $2.96 | $2.86 | $2.32 |
| BPA Diluido | $1.63 | $1.70 | $2.12 | $1.45 | $2.18 | $2.61 | $2.88 | $2.95 | $2.84 | $2.30 |
| Acciones en Circulación (Diluidas) | $9.1M | $15.3M | $15.6M | $15.6M | $15.3M | $15.0M | $15.1M | $15.2M | $15.3M | $16.8M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $66.5M | $67.7M | $55.2M | $39.0M |
| Beneficio Bruto | $43.6M | $48.9M | $36.9M | $19.8M |
| Beneficio Operativo | $11.0M | $15.1M | $6.7M | $19.2M |
| EBITDA | $13.3M | $16.9M | $8.5M | $19.2M |
| Beneficio Neto | $8.9M | $11.8M | $13.5M | $15.2M |
| BPA | $0.55 | $0.70 | $0.81 | $0.91 |
| BPA Diluido | $0.54 | $0.70 | $0.81 | $0.91 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $8.4M | $90.7M | $98.8M | $56.9M | $226.0M | $250.4M | $92.3M | $94.8M | $72.2M | $80.8M |
| Inversiones a Corto | $528.9M | $717.2M | $725.8M | $663.2M | $585.0M | $618.3M | $559.5M | $534.6M | $520.5M | $597.4M |
| Cuentas por Cobrar | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $537.3M | $807.9M | $824.6M | $720.1M | $811.1M | $868.7M | $651.8M | $629.4M | $592.6M | $678.3M |
| Inmovilizado Material | $23.4M | $47.7M | $48.8M | $51.2M | $52.5M | $49.4M | $47.6M | $48.3M | $51.2M | $58.2M |
| Fondo de Comercio | $4.9M | $100.1M | $100.1M | $118.6M | $119.5M | $119.5M | $119.5M | $119.5M | $119.5M | $141.8M |
| Activos Intangibles | $377000 | $8.4M | $7.5M | $8.6M | $7.7M | $6.7M | $5.8M | $4.9M | $3.9M | $16.4M |
| Activos Totales | $1.76B | $3.57B | $3.61B | $3.67B | $3.73B | $3.71B | $3.91B | $3.97B | $4.08B | $4.68B |
| Cuentas por Pagar | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deuda a Corto | $394.5M | 0 | 0 | $348.1M | $93.5M | $94.8M | $331.4M | $240.8M | $249.7M | $134.8M |
| Pasivos Corrientes | $1.44B | $2.35B | $2.48B | $3.04B | $93.5M | $3.14B | $3.37B | $3.38B | $3.52B | $3.96B |
| Deuda a Largo | $536.6M | $829.7M | $723.8M | $183.2M | $242.6M | $83.7M | $62.9M | $60.7M | $40.9M | $134.8M |
| Pasivos Totales | $1.60B | $3.21B | $3.24B | $3.27B | $3.31B | $3.29B | $3.52B | $3.54B | $3.62B | $4.15B |
| Reservas | $130.5M | $145.0M | $166.5M | $175.8M | $195.6M | $215.6M | $243.8M | $272.1M | $297.9M | $314.4M |
| Patrimonio Neto | $156.7M | $354.6M | $370.6M | $396.4M | $411.3M | $424.1M | $393.4M | $432.1M | $458.4M | $532.5M |
| Deuda Total | $931.1M | $829.7M | $723.8M | $531.3M | $336.0M | $178.5M | $394.2M | $301.5M | $290.6M | $269.6M |
| Deuda Neta | $393.8M | $21.8M | -$100.8M | -$188.8M | -$475.0M | -$690.1M | -$257.6M | -$327.9M | -$302.0M | -$408.6M |
| Capital Circulante | -$907.5M | -$1.54B | -$1.66B | -$2.32B | $717.6M | -$2.27B | -$2.72B | -$2.75B | -$2.92B | -$3.28B |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $136.7M | $80.8M | $82.2M | $46.3M |
| Activos Totales | $4.72B | $4.68B | $4.68B | $4.74B |
| Pasivos Totales | $4.20B | $4.15B | $4.14B | $4.19B |
| Patrimonio Neto | $521.0M | $532.5M | $537.9M | $549.6M |
| Deuda Total | $192.2M | $269.6M | $215.7M | $281.2M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $14.9M | $26.0M | $32.9M | $22.6M | $33.2M | $39.3M | $43.6M | $44.9M | $43.5M | $36.9M |
| Amortizaciones | $1.6M | $4.4M | $4.5M | $5.0M | $5.8M | $6.6M | $6.4M | $6.3M | $3.4M | $1.1M |
| Compensación en Acciones | $1.3M | $1.3M | $1.3M | $1.4M | $1.6M | $2.1M | $1.9M | $2.6M | $3.3M | $3.1M |
| Cambio en Capital Circulante | -$726000 | -$654000 | -$3.0M | $6.6M | -$2.7M | $14.5M | $971000 | -$8.5M | $1.2M | $1.8M |
| Flujo de Caja Operativo | $16.8M | $40.1M | $37.7M | $30.1M | $38.2M | $59.2M | $55.9M | $47.4M | $52.4M | $48.3M |
| Inversiones (CapEx) | -$4.3M | -$3.2M | -$4.8M | -$9.2M | -$6.8M | -$1.7M | -$2.5M | -$6.5M | -$7.4M | -$4.8M |
| Adquisiciones | 0 | $39.5M | 0 | -$18.4M | -$340000 | 0 | 0 | 0 | 0 | $77.5M |
| Recompra de Acciones | -$497000 | -$282000 | -$324000 | -$239000 | -$14.2M | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagados | -$6.6M | -$11.5M | -$12.2M | -$13.4M | -$13.4M | -$14.1M | -$15.3M | -$16.6M | -$17.8M | -$20.4M |
| Flujo de Caja Libre | $12.5M | $37.0M | $32.9M | $20.9M | $31.4M | $57.5M | $53.4M | $40.9M | $45.0M | $43.5M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $16.5M | $17.2M | $5.0M | $25.4M |
| Inversiones (CapEx) | -$1.1M | -$5.1M | -$2.0M | $2.0M |
| Flujo de Caja Libre | $15.4M | $12.1M | $3.0M | $27.4M |
| Dividendos Pagados | -$5.4M | -$5.4M | -$5.4M | -$5.7M |
| Compensación en Acciones | $932000 | $943000 | $825000 | $1.3M |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +103.4% | +9.4% | +5.8% | +2.8% | -9.5% | +5.3% | -6.7% | +49.2% | +8.4% |
| Crecimiento Beneficio Neto (anual) | | +74.1% | +26.7% | -31.3% | +47.0% | +18.2% | +10.8% | +3.0% | -2.9% | -15.2% |
| Crecimiento BPA (anual) | | +3.6% | +24.6% | -31.5% | +49.3% | +20.6% | +10.3% | +2.1% | -3.4% | -18.9% |
| Cambio en Acciones (anual) | | +67.2% | +1.8% | +0.1% | -2.0% | -1.5% | +0.4% | +0.6% | +0.8% | +9.4% |
| Crecimiento FCF (anual) | | +195.9% | -10.9% | -36.6% | +50.3% | +83.0% | -7.1% | -23.5% | +10.0% | -3.4% |
| Margen Bruto | 81.3% | 81.2% | 74.7% | 70.9% | 80.7% | 90.8% | 89.1% | 100.0% | 66.6% | 67.4% |
| Margen Operativo | 29.8% | 30.0% | 26.1% | 16.3% | 24.6% | 31.8% | 34.0% | 49.6% | 23.4% | 19.0% |
| Margen EBITDA | 32.1% | 33.1% | 29.0% | 19.4% | 28.1% | 36.1% | 38.0% | 0.0% | 25.0% | 21.4% |
| Margen Neto | 21.4% | 18.3% | 21.2% | 13.8% | 19.7% | 25.7% | 27.0% | 29.8% | 19.4% | 15.2% |
| Margen FCF | 17.9% | 26.0% | 21.2% | 12.7% | 18.6% | 37.5% | 33.1% | 27.2% | 20.0% | 17.9% |
| Tasa Impositiva Efectiva | 28.2% | 39.0% | 18.7% | 15.7% | 20.2% | 19.2% | 20.6% | 21.5% | 17.2% | 19.6% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $1.37 | $2.42 | $2.12 | $1.34 | $2.06 | $3.82 | $3.53 | $2.69 | $2.94 | $2.59 |
| Dividendo por Acción | $0.72 | $0.75 | $0.78 | $0.86 | $0.88 | $0.94 | $1.01 | $1.09 | $1.16 | $1.22 |
| Acciones en Circulación (Básicas) | $9.1M | $15.2M | $15.5M | $15.5M | $15.2M | $15.0M | $15.0M | $15.1M | $15.2M | $16.7M |
Qué mirar en empresas de Financial Services
- Efficiency Ratio (≤55%) — Gastos operativos / ingresos. Bancos top por debajo del 55%.
- ROA (≥1%) — Cuánto ganan por cada euro de activos. En banca el ROE engaña por el apalancamiento.
- ROTCE (≥12%) — Rentabilidad sobre Capital Tangible. Descuenta goodwill e intangibles.
- Capital / Activos (proxy Tier 1) (≥8%) — Proxy del ratio de capital. FMP no expone Tier 1 regulatorio directo.
- P/B (1,0-1,5x) — Métrica clásica bancaria. <1x puede ser oportunidad o distress.
- Rentabilidad por dividendo sostenible (≥2%, <8%) — Bancos UE pagan 5-7% sin estrés. >8% es señal de distress.
Rentabilidad
| Rentabilidad sobre capital | 9.22% |
| Rentabilidad sobre capital invertido | -1.40% |
| Rentabilidad sobre activos | 1.04% |
| Margen bruto | 65.32% |
| Margen operativo | 22.82% |
| Margen neto | 21.61% |
Salud financiera
| Deuda / Patrimonio | 0.51 |
| Ratio corriente | 0.16 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | 19.12 | 15.80 | 10.53 | 17.39 | 10.36 | 11.00 | 11.05 | 9.92 | 10.69 | 13.38 |
| P/VC | 1.83 | 1.16 | 0.94 | 1.00 | 0.84 | 1.02 | 1.22 | 1.03 | 1.02 | 0.97 |
| P/V | 4.10 | 2.89 | 2.24 | 2.40 | 2.04 | 2.83 | 2.99 | 2.96 | 2.08 | 2.13 |
| Margen Bruto | 81.3% | 81.2% | 74.7% | 70.9% | 80.7% | 90.8% | 89.1% | 100.0% | 66.6% | 67.4% |
| Margen Operativo | 29.8% | 30.0% | 26.1% | 16.3% | 24.6% | 31.8% | 34.0% | 49.6% | 23.4% | 19.0% |
| Margen Neto | 21.4% | 18.3% | 21.2% | 13.8% | 19.7% | 25.7% | 27.0% | 29.8% | 19.4% | 15.2% |