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 2021

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Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Camden National reports Q4 earnings growth amidst margin pressure

Camden National Corporation delivered improved quarterly performance in Q4 2022, with a focus on key financial metrics and strategic initiatives. While facing challenges such as a decline in annual earnings and pressure on net interest margin, the company remains committed to maintaining strong financial fundamentals. By capitalizing on opportunities to optimize income streams and manage risks effectively, Camden National is poised for sustainable growth and value creation.

Camden National reports Q1 earnings dip, focuses on deposit stability

Camden National's Q1 2023 performance showed a decrease in net income but maintained strong financial metrics.
The bank faces challenges in deposit growth and unrealized losses in the investment portfolio.
Opportunities lie in growing the loan portfolio, attracting investors with dividends, and optimizing deposit stability.

Camden National reports Q2 earnings, focuses on credit quality

Camden National Corporation navigated challenges from rising interest rates and an inverted yield curve to maintain strong credit quality and strategic focus on deposits and loans.
Despite challenges in the interest rate environment and market conditions, the company returned capital to shareholders and focused on optimizing net interest margin.
With a deliberate approach to loan growth and credit quality, Camden National is positioning well for future economic conditions and growth opportunities.

Camden National reports Q3 earnings impacted by investment loss

Camden National's Q3 performance was impacted by a pretax investment loss, resulting in net income of $9 million. Despite challenges in noninterest income and loan balances, the company maintains strong credit quality and regulatory capital ratios. Strategic focus on net interest margin optimization and asset quality bodes well for future growth.

Camden National (CAC) reports solid Q4 earnings and eyes tech-driven growth

Camden National (CAC) showcased strong financial performance in Q4 2023 despite a pretax loss on securities. The company's focus on customer relationships, technology advancements, and solid loan demand positions it well for growth. Balancing expenses and efficiency will be crucial in capitalizing on future opportunities.

Camden National posts solid Q1 earnings, eyes growth through innovation

Camden National's Q1 performance reflects financial stability, strong asset quality, and strategic expense management.
While challenges like economic uncertainty and margin pressure exist, opportunities in loan growth and digital innovation offer avenues for growth.
Overall, Camden National is well-positioned to navigate challenges and capitalize on opportunities for sustained performance and profitability.

Camden National reports solid Q2 earnings amidst growth opportunities

Camden National Corporation delivered solid financial performance in Q2 2024, with revenue growth, strong asset quality, and strategic technology investments.
While facing challenges in deposit and loan growth, the company has opportunities to optimize its offerings and operational efficiency for sustained success.
Overall, Camden National demonstrated resilience and a proactive approach to navigating the evolving financial landscape.
Investors can be optimistic about the company's financial health, strategic direction, and potential for growth in the future.

Camden National reports robust Q3 earnings and eyes strategic growth

Camden National's Q3 performance reflects solid financial growth and strategic advancements.
While facing challenges in areas like margin management and integration, the company's strengths in asset quality and leadership are notable.
Opportunities lie in market expansion through acquisitions and digital transformation initiatives.
Overall, Camden National is poised for continued growth and success in the financial services sector.

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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.

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.

Camden National: Attractively Valued But Margin Is A Cause For Concern

Griffiths to take helm at yearend as Greg Dufour retires after nearly two decades as President and CEO CAMDEN, Maine , Aug. 21, 2023 /PRNewswire/ -- The Board of Directors of Camden National Corporation (NASDAQ: CAC) and its wholly owned subsidiary, Camden National Bank (together, "Camden National" or the "Bank"), today announced the appointment of Simon Griffiths, age 50, as the successor to current President and Chief Executive Officer, Gregory Dufour, age 63, effective December 31, 2023. Griffiths will join Camden National on or around November 20, 2023, as Executive Vice President & Chief Operating Officer.

Camden National Corporation Appoints Simon Griffiths as Successor to CEO

Camden National Corporation (NASDAQ:CAC ) Q2 2023 Earnings Conference Call July 25, 2023 3:00 PM ET Company Participants Greg Dufour - President and Chief Executive Officer Mike Archer - Executive Vice President and Chief Financial Officer Conference Call Participants Steve Moss - Raymond James Damon DelMonte - KBW Matthew Breese - Stephens Operator Good day and welcome to Camden National Corporation's Second Quarter 2023 Earnings Conference Call. My name is Emily and I'll be your operator for today's call.

Camden National Corporation (CAC) Q2 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Camden National (CAC) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, Camden National (CAC) Q2 Earnings: A Look at Key Metrics

Camden National (CAC) came out with quarterly earnings of $0.85 per share, beating the Zacks Consensus Estimate of $0.80 per share. This compares to earnings of $1.02 per share a year ago.

Camden National (CAC) Beats Q2 Earnings and Revenue Estimates

Balance Sheet and Asset Quality Remain Strong CAMDEN, Maine , July 25, 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 $12.4 million and diluted earnings per share of ("EPS") of $0.85 for the second quarter of 2023, decreases of 3% and 2%, respectively, compared to the first quarter of 2023. The Company's second quarter operating results were impacted by continued rising short-term interest rates driving higher deposit and funding costs and compressing net interest margin 14 basis points on a linked quarter basis.

CAMDEN NATIONAL CORPORATION REPORTS SECOND QUARTER 2023 FINANCIAL RESULTS

Camden National (CAC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Camden National (CAC) to Report a Decline in Earnings: What to Look Out for

CAMDEN, Maine , July 3, 2023 /PRNewswire/ -- Camden National Corporation (NASDAQ: CAC) will report financial and operating results for the quarter ended June 30, 2023 on Tuesday, July 25, 2023. A conference call and webcast will be held at 3:00 p.m.

Camden National Corporation to Announce Quarter Ended June 30, 2023 Financial Results on July 25, 2023

CAMDEN, Maine , June 27, 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 Second Quarter 2023 Dividend

CAMDEN, Maine , May 31, 2023 /PRNewswire/ -- Camden National Bank today announced that David Ackley Jr. will be promoted to Executive Vice President and assume the Chief Risk Officer role upon Joanne Campbell's retirement on July 7, 2023. Ackley, a 12-year veteran of the bank, previously served as Senior Vice President, Director of Information Security & Enterprise Risk Management.

Camden National Bank Appoints David Ackley as Chief Risk Officer

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Camden National Corporation (CAC) Q1 2023 Earnings Call Transcript.

Camden National Corporation (CAC) Q1 2023 Earnings Call Transcript

Camden National (CAC) came out with quarterly earnings of $0.87 per share, missing the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $1.14 per share a year ago.

Camden National (CAC) Q1 Earnings and Revenues Miss Estimates

Capital, Liquidity and Asset Quality Remain Strong CAMDEN, Maine , April 25, 2023 /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 $12.7 million and diluted earnings per share of ("EPS") of $0.87 for the first quarter of 2023, each a decrease of 17% compared to the fourth quarter of 2022, while earnings before income tax expense and provision (non-GAAP) decreased 9% on a linked quarter-basis. This quarter's performance was primarily the result of continued interest rate volatility, normal seasonal deposit outflows along with increasing deposit competition, as well as a $1.8 million loss on an investment security.

CAMDEN NATIONAL CORPORATION REPORTS FIRST QUARTER 2023 FINANCIAL RESULTS

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CAMDEN, Maine , April 7, 2023 /PRNewswire/ -- Camden National Corporation (NASDAQ: CAC) will report financial and operating results for the quarter ended March 31, 2023 on Tuesday, April 25, 2023. A conference call and webcast will be held at 3:00 p.m.

Camden National Corporation to Announce Quarter Ended March 31, 2023 Financial Results on April 25, 2023

CAMDEN, Maine , March 29, 2023 /PRNewswire/ -- In connection with the upcoming annual meeting of Camden National Corporation (NASDAQ®: CAC; "Camden National" or the "Company"), the Company announced two additional governance-related actions to strengthen overall corporate governance. These actions, combined with prior actions to expand and diversify the Board of Directors, are part of Camden National's long term commitment to maintaining strong corporate governance practices that benefit our shareholders.

Camden National Corporation Announces Enhancements to Corporate Governance

CAMDEN, Maine , March 28, 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 First Quarter 2023 Dividend

Camden National Corporation (NASDAQ:CAC ) Q4 2022 Results Conference Call January 31, 2023 3:00 PM ET Company Participants Greg Dufour - President and CEO Mike Archer - CFO Conference Call Participants Steve Moss - Raymond James Damon DelMonte - KBW Matthew Breese - Stephens Inc [Call Started Abruptly] At this time, I would like to turn the conference over to Greg Dufour. Please go ahead, sir.

Camden National Corporation (CAC) Q4 2022 Earnings Call Transcript

Camden National (CAC) delivered earnings and revenue surprises of 0% and 4.80%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Camden National (CAC) Matches Q4 Earnings Estimates

Camden National Corporation Reports an 8% Increase in  Fourth Quarter 2022 Net Income over Third Quarter 2022 CAMDEN, Maine , Jan. 31, 2023 /PRNewswire/ -- Camden National Corporation (NASDAQ®: CAC; "Camden National" or the "Company"), a $5.7 billion bank holding company headquartered in Camden, Maine, closed the year with fourth quarter 2022 earnings of $15.4 million and diluted earnings per share ("EPS") of $1.05, each an 8% increase over the third quarter of 2022. The Company posted solid returns for the fourth quarter of 2022, including a return on average equity of 14.03%, return on average tangible equity (non-GAAP) of 18.18% and return on average assets of 1.09%, compared to 12.50%, 16.02% and 1.03%, respectively, for the third quarter of 2022.

CAMDEN NATIONAL CORPORATION REPORTS FOURTH QUARTER AND YEAR END 2022 FINANCIAL RESULTS

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CAMDEN, Maine , Jan. 5, 2023 /PRNewswire/ -- Camden National Corporation (NASDAQ:CAC) will report financial and operating results for the quarter and year ended December 31, 2022 on Tuesday, January 31, 2023. A conference call and webcast will be held at 3:00 p.m.

Camden National Corporation to Announce Quarter and Year Ended December 31, 2022 Financial Results on January 31, 2023

News for Camden National Stock (CAC)