Camden National

Camden National Corp. is a bank holding company, which engages in the provision of financial services to individuals and companies through its subsidiary, Camden National Bank. Its services includes lending, checking, savings, time deposits, cash management, brokerage, wealth management, and trust. The company was founded in 1984 and is headquartered in Camden, ME.

Earnings data Q1 2024

Camden National Corporation faces margin pressure but maintains strong metrics

Camden National Corporation's Q1 2023 performance reflects a decrease in net income, driven by margin compression and a loss on a subordinated bond. Despite these challenges, the company maintains strong return metrics and ample liquidity. Anticipated loan and deposit growth present opportunities for the remainder of the year.

Camden National Corporation reports Q2 income decline, maintains strong capital

Camden National Corporation faced a slight decline in net income and EPS for Q2 2023, attributed to deliberate loan growth reduction. Despite challenges in the residential mortgage market and potential Fed rate increases, the company maintained strong capital ratios and returned capital to shareholders. The company sees opportunities in potential loan yield expansion and expects the net interest margin to stabilize at 2.40% through the year.

CAC reports Q3 net income of $9M, CEO transition underway

CAC's Q3 performance reflects a mixed picture with net income impacted by an investment loss, while maintaining a focus on net interest margin and asset quality. Strong credit quality and regulatory capital ratios are notable strengths. Challenges include a decline in noninterest income and modest changes in loan and deposit balances. The CEO transition presents an opportunity for potential strategic shifts and new leadership direction.

CAC reports strong Q4 earnings, focuses on sustainable growth

CAC's Q4 2023 earnings call highlighted strong financial performance, balance sheet strength, and a focus on sustainable growth. While the company faces challenges in managing expenses and potential margin impact, its emphasis on technology and long-term shareholder value presents significant opportunities for expansion.

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Camden National Corp. is a bank holding company, which engages in the provision of financial services to individuals and companies through its subsidiary, Camden National Bank. The company was founded in 1984 and is headquartered in Camden, ME.

CAMDEN, Maine , April 1, 2024 /PRNewswire/ -- Camden National Corporation (NASDAQ: CAC) will report financial and operating results for the quarter ended March 31, 2024 on Tuesday, April 30, 2024. A conference call and webcast will be held at 3:00 p.m.

Camden National Corporation to Announce Quarter Ended March 31, 2024 Financial Results on April 30, 2024

CAMDEN, Maine , March 26, 2024 /PRNewswire/ -- Simon R. Griffiths, President and Chief Executive Officer of Camden National Corporation (NASDAQ: CAC; the "Company"), announced today that the board of directors of the Company declared a quarterly dividend of $0.42 per share.

Camden National Corporation Announces its First Quarter 2024 Dividend

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Camden National's (CAC) earnings growth potential and revenue strength make it an attractive proposition. Here's why you should add it to your portfolio now.

Here's Why You Should Buy Camden National (CAC) Stock Now

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Are Investors Undervaluing Camden National (CAC) Right Now?

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Should Value Investors Buy Camden National (CAC) Stock?

Camden National (CAC) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Down -10.66% in 4 Weeks, Here's Why You Should You Buy the Dip in Camden National (CAC)

Camden National Corporation (CAC) Q4 2023 Earnings Call Transcript

The headline numbers for Camden National (CAC) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Camden National (CAC) Reports Q4 Earnings: What Key Metrics Have to Say

Reports Fourth Quarter 2023 Net Income of $8.5 million and Diluted EPS of $0.58; Capital and Asset Quality Remain Strong at Year End CAMDEN, Maine , Jan. 30, 2024 /PRNewswire/ -- Camden National Corporation (NASDAQ: CAC; "Camden National" or the "Company"), a $5.7 billion bank holding company headquartered in Camden, Maine, reported net income of $8.5 million and diluted earnings per share ("EPS") of $0.58 for the fourth quarter of 2023, both decreases of 13% compared to the third quarter of 2023. Throughout 2023, financial institutions, including Camden National, were faced with many challenges due to the interest rate environment and well-publicized bank failures.

CAMDEN NATIONAL CORPORATION REPORTS FOURTH QUARTER AND YEAR END 2023 FINANCIAL RESULTS

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A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends. Companies with upcoming ex-dividend dates.

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CAMDEN, Maine , Jan. 3, 2024 /PRNewswire/ -- Camden National Corporation (NASDAQ: CAC) will report financial and operating results for the quarter and year ended December 31, 2023 on Tuesday, January 30, 2024. A conference call and webcast will be held at 3:00 p.m.

Camden National Corporation to Announce Quarter and Year Ended December 31, 2023 Financial Results on January 30, 2024

CAMDEN, Maine , Dec. 19, 2023 /PRNewswire/ -- Gregory A. Dufour, President and Chief Executive Officer of Camden National Corporation (NASDAQ: CAC; the "Company"), announced today that the board of directors of the Company declared a quarterly dividend of $0.42 per share.

Camden National Corporation Announces its Fourth Quarter 2023 Dividend

CAMDEN, Maine , Dec. 14, 2023 /PRNewswire/ -- Camden National Bank announced today that Ryan Smith, an executive vice president who has been with the bank since 2012, has assumed the role of chief credit officer. Smith succeeded Timothy Nightingale, Camden National Bank's long-serving chief credit officer, who retired for personal health reasons.

Camden National Bank Names New Chief Credit Officer

Camden National Corporation (NASDAQ:CAC ) Q3 2023 Earnings Conference Call October 31, 2023 3:00 PM ET Company Participants Greg Dufour - President and CEO Mike Archer - Executive Vice President and CFO Conference Call Participants Steve Moss - Raymond James Damon DelMonte - KBW Operator Good day. And welcome to Camden National Corporation's Third Quarter 2023 Earnings Conference Call.

Camden National Corporation (CAC) Q3 2023 Earnings Call Transcript

Although the revenue and EPS for Camden National (CAC) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Camden National (CAC) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Reports Third Quarter 2023 Net Income of $9.8 million and Diluted EPS of $0.67 CAMDEN, Maine , Oct. 31, 2023 /PRNewswire/ -- Camden National Corporation (NASDAQ: CAC; "Camden National" or the "Company"), a $5.8 billion bank holding company headquartered in Camden, Maine, reported net income of $9.8 million and diluted earnings per share ("EPS") of $0.67 for the third quarter of 2023, both decreases of 21%, compared to the second quarter of 2023. The Company's third quarter operating results include the impact from the sale of $66.7 million of investment securities that resulted in a pre-tax loss of $5.3 million.

CAMDEN NATIONAL CORPORATION REPORTS THIRD QUARTER 2023 FINANCIAL RESULTS

With a 6% dividend yield, Camden National (CAC) is a solid dividend-yielding stock that investors should consider buying amid macroeconomic uncertainty.

Consider Camden National (CAC) Stock for 6% Dividend Yield

CAMDEN, Maine , Oct. 2, 2023 /PRNewswire/ -- Camden National Corporation (NASDAQ: CAC) will report financial and operating results for the quarter ended September 30, 2023 on Tuesday, October 31, 2023. A conference call and webcast will be held at 3:00 p.m.

Camden National Corporation to Announce Quarter Ended September 30, 2023 Financial Results on October 31, 2023

CAMDEN, Maine , Sept. 26, 2023 /PRNewswire/ -- Gregory A.

Camden National Corporation Announces its Third Quarter 2023 Dividend

After a disappointing first half of the year, I've decided to reduce the margin estimate for 2023. I'm now expecting earnings to dip by 19% YoY in 2023. Previously I was expecting a dip of 1%. Camden National is offering a high dividend yield of 5.1%. The dividend appears safe from cuts.

News for Camden National Stock (CAC)