Investor Presentaiton
Legal Disclaimer
BAR HARBOR
BANKSHARES
Non-GAAP Financial Measures
This presentation contains certain non-GAAP financial measures in addition to results presented in
accordance with accounting principles generally accepted in the United States of America ("GAAP").
These non-GAAP measures are intended to provide the reader with additional supplemental perspectives
on operating results, performance trends, and financial condition. Non-GAAP financial measures are not
a substitute for GAAP measures; they should be read and used in conjunction with the Company's GAAP
financial information. A reconciliation of non-GAAP financial measures to GAAP measures is provided in
the Appendix to this presentation. In all cases, it should be understood that non-GAAP measures do not
depict amounts that accrue directly to the benefit of shareholders. An item which management excludes
when computing non-GAAP adjusted earnings can be of substantial importance to the Company's results
for any particular quarter or year. The Company's non-GAAP core earnings information set forth is not
necessarily comparable to non-GAAP information which may be presented by other companies. Each
non-GAAP measure used by the Company in this report as supplemental financial data should be
considered in conjunction with the Company's GAAP financial information.
The Company utilizes the non-GAAP measure of core earnings in evaluating operating trends, including
components for core revenue and expense. These measures exclude amounts which the Company views
as unrelated to its normalized operations, including securities gains/losses, acquisition costs, restructuring
costs, legal settlements, and system conversion costs. Non-GAAP adjustments are presented net of an
adjustment for income tax expense.
The Company also calculates core earnings per share based on its measure of core earnings. The
Company views these amounts as important to understanding its operating trends, particularly due to the
impact of accounting standards related to acquisition activity. Analysts also rely on these measures in
estimating and evaluating the Company's performance. Management also believes that the computation
of non-GAAP core earnings and core earnings per share may facilitate the comparison of the Company to
other companies in the financial services industry. The Company also adjusts certain equity related
measures to exclude intangible assets due to the importance of these measures to the investment
community.
3View entire presentation