Bar Harbor Bankshares 2025年度报告

☒ANNUAL REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscalyear ended December31, 2025 ☐TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934 BAR HARBOR BANKSHARES (Exact name of registrant as specified in its charter) Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule405 of the Securities Act. Yes☐No☒ Indicate by check mark if the registrant is not required to file reports pursuant to Section13 or Section15(d)of the Act. Yes☐No☒ Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the Securities Exchange Act of 1934during the preceding 12months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such filingrequirements for the past 90days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 ofRegulation S-T (§232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrant was required to submit suchfiles). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or anemerging growth company. See the definition of “large accelerated filer,” “accelerated filer”, “smaller reporting company”, and "emerging growthcompany" in Rule12b-2 of the Exchange Act. Large Accelerated Filer☐Accelerated Filer☒Non-Accelerated Filer☐Smaller Reporting Company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any newor revised financial accounting standards provided pursuant to Section13(a)of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internalcontrol over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm thatprepared or issued its audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in thefiling reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensationreceived by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act) Yes☐No☒ The aggregate market value of the common stock held by non-affiliates of Bar Harbor Bankshares was $447,663,721 based on the closing sale price ofthe common stock on the NYSE American on June30, 2025, the last trading day of the registrant’s most recently completed second quarter. DOCUMENTS INCORPORATED BY REFERENCE Portions of the Definitive Proxy Statement for the 2026 Annual Meeting of Shareholders, to be filed within 120 days after December 31, 2025 areincorporated by reference into PartIII this Annual Report on Form10-K. BAR HARBOR BANKSHARES AND SUBSIDIARIESFORM10-K INDEX The Company conducts business operations principally through Bar Harbor Bank& Trust, which may bereferred to as the Bank and which is a subsidiary of Bar Harbor Bankshares. Unless the context requiresotherwise, references in this Annual Report on Form 10-K to "our Company, "our," "us," "we" and similarterms refer to Bar Harbor Bankshares and its subsidiaries, including the Bank, collectively. PARTI ITEM1. BUSINESS. FORWARD-LOOKING STATEMENTS CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS Certain statements contained in this Annual Report on Form 10-K (the “Form 10-K” or “Annual Report”)that are not historical facts may constitute forward-looking statements within the meaning of Section 27Aof the Securities Act of 1933, as amended ("Securities Act"), and Section 21E of the Securities ExchangeAct of 1934, as amended ("Exchange Act"), and are intended to be covered by the safe harbor provisionsof the Private Securities Litigation Reform Act of 1995. When used in this Form 10-K 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 thefuture, are intended to identify such forward-looking statements, but other statements not based onhistorical information may also be considered forward-looking, including statements about our futurefinancial and operating results and plans, objectives, and intentions. All forward-looking statements are