Investor Presentaiton
Legal Disclaimer
Forward-Looking Statements
BAR HARBOR
BANKSHARES
This presentation, including any oral statements made regarding the contents of this presentation, contains certain statements that are not historical facts that may
constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended, and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. When used in this presentation
the words "believe," "anticipate," "expect," "may," "will," "assume," "should," "predict," "could," "would," "intend," "targets," "estimates," "projects," "plans," and
"potential," and other similar words and expressions of the future, are intended to identify such forward-looking statements, but other statements not based on
historical information may also be considered forward-looking, including statements about Bar Harbor Bankshares' (the "Company") future financial and operating
results and the Company's plans, objectives, and intentions. All forward-looking statements are subject to risks, uncertainties, and other factors that may cause the
actual results, performance, or achievements of the Company to differ materially from any results, performance, or achievements expressed or implied by such
forward-looking statements. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause the actual
results to differ materially from the statements, including, but not limited to: (1) deterioration in the financial condition of borrowers of Bar Harbor Bank & Trust (the
"Bank" or "BHBT"), including as a result of the negative impact of inflationary pressures on our customers and their businesses resulting in significant increases in loan
losses and provisions for those losses; (2) the possibility that our asset quality could decline or that we experience greater loan losses than anticipated; (3) increased
levels of other real estate owned, primarily as a result of foreclosures; (4) the impact of liquidity needs on our results of operations and financial condition; (5)
competition from financial institutions and other financial service providers; (6) the effect of interest rate increases on the cost of deposits; (7) unanticipated weakness
in loan demand or loan pricing; (8) adverse conditions in the national or local economies including in our markets throughout Northern New England; (9) the effects of
new outbreaks of COVID-19, including actions taken by governmental officials to curb the spread of the virus, and the resulting impact on general economic and
financial market conditions and on the Company's and our customers' business, results of operations, asset quality and financial condition; (10) the effects of civil
unrest, international hostilities or other geopolitical events, including the war in Ukraine; (11) inflation, interest rate, market, and monetary fluctuations; (12) lack of
strategic growth opportunities or our failure to execute on available opportunities; (13) the ability to grow and retain low-cost core deposits and retain large, uninsured
deposits; (14) our ability to effectively manage problem credits; (15) our ability to successfully implement efficiency initiatives on time and with the results projected;
(16) our ability to successfully develop and market new products and technology; (17) the impact of negative developments in the financial industry and United States
and global capital and credit markets; (18) our ability to retain executive officers and key employees and their customer and community relationships; (19) our ability to
implement and to adapt to technological changes; (20) the vulnerability of the Bank's computer and information technology systems and networks, and the systems
and networks of third parties with whom the Company or the Bank contract, to unauthorized access, computer viruses, phishing schemes, spam attacks, human error,
natural disasters, power loss, and other security breaches and interruptions; (21) changes in the reliability of our vendors, internal control systems or information
systems; (22) ongoing competition in the labor markets and increased employee turnover; (23) the potential impact of climate change; (24) the impact of pandemics,
epidemics, or any other health-related crisis; (25) our ability to comply with various governmental and regulatory requirements applicable to financial institutions; (26)
changes in state and federal laws, rules, regulations, or policies applicable to banks or bank or financial holding companies, including regulatory or legislative
developments; (27) governmental monetary and fiscal policies, including the policies of the Board of Governors of the Federal Reserve System; (28) adverse impacts
(including costs, fines, reputational harm, or other negative effects) from current or future litigation, regulatory examinations, or other legal and/or regulatory actions;
and (29) general competitive, economic, political, and market conditions, including economic conditions in the local markets where we operate.
Other factors not identified above, including those described under the headings "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and
Results of Operations," in our Annual Report on Form 10-K for the fiscal year ended December 31, 2022, our quarterly reports on Form 10-Q, and current reports on
Form 8-K filed with the Securities and Exchange Commission (the "SEC") and available on the SEC's website at http://www.sec.gov, may also cause actual results to differ
materially from those described in our forward-looking statements. Most of these factors are difficult to anticipate and are generally beyond our control. You should
consider these factors in connection with considering any forward-looking statements that may be made by us. We undertake no obligation to release publicly any
revisions to any forward-looking statements, to report events or to report the occurrence of unanticipated events unless we are required to do so by law.
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