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Camden National Corporation

Camden National Corporation

NASDAQ•CAC
CEO: Mr. Simon R. Griffiths
Sector: Financial Services
Industry: Banks - Regional
Listing Date: 1997-10-08
Camden National Corporation operates as the bank holding company for Camden National Bank that provides various commercial and consumer banking products and services for consumer, institutional, municipal, non-profit, and commercial customers in Maine, New Hampshire, and Massachusetts. The company accepts checking, savings, time, and brokered deposits, as well as deposits with the certificate of deposit account registry system. Its loan products include non-owner-occupied commercial estate loans, owner-occupied commercial real estate loans, unsecured fully-guaranteed commercial loans backed by the small business administration, loans secured by one-to four-family properties, and consumer and home equity loans. The company also provides brokerage and insurance services through its financial offerings consisting of college, retirement, estate planning, mutual funds, strategic asset management accounts, and variable and fixed annuities. Further, it offers a range of fiduciary and asset management, wealth management, investment management, financial planning, and trustee services. Camden National Corporation was founded in 1875 and is headquartered in Camden, Maine.
Contact Information
2 Elm Street, Camden, ME, 04843, United States
207-236-8821
www.camdennational.com
Market Cap
$757.78M
P/E (TTM)
13.3
15.1
Dividend Yield
3.8%
52W High
$46.80
52W Low
$34.53
52W Range
84%
Rank42Top 35.8%
4.3
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$92.60M+25.54%
4-Quarter Trend

EPS

$1.25+38.89%
4-Quarter Trend

FCF

$35.41M-318.37%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Northway Acquisition Boosts Scale Total assets reached $7.0B following January 2025 Northway merger; total revenues increased 45% in Q3 2025.
Strong Net Interest Income Growth Nine-month FTE NIM rose 72 basis points to 3.09%; core NIM reached 2.73%, driven by asset yield expansion.
Solid Capital Adequacy Maintained Total risk-based capital ratio stood at 13.47% as of September 30, 2025, exceeding regulatory minimums comfortably.
Asset Quality Remains Resilient Non-performing assets were only 0.17% of total loans; ACL coverage on loans stood at 0.91% at period end.

Risk Factors

Elevated Q3 Credit Charge-offs Q3 net charge-offs were $11.1M, driven by a $10.7M partial charge-off on one syndicated commercial loan.
Interest Rate Sensitivity Exposure Sensitivity analysis shows potential 2.1% decrease in Year 1 net interest income under a 200 basis point rate shock.
Integration and Merger Costs Merger and acquisition costs totaled $9.2M for nine months, reflecting ongoing integration expenses post-Northway close.
Deposit Mix Shift Concerns Brokered deposits decreased 31% ($55.7M) in nine months, though core deposits grew significantly via acquisition.

Outlook

Profitability Momentum Expected Management expects strong earnings momentum moving forward, benefiting from synergies and expanded presence in New Hampshire.
Loan Portfolio Quality Review Asset quality remains strong; management continues reassessing underwriting standards based on macroeconomic outlook projections.
Capital Position Rebuilding Capital position continues to rebuild following the Northway acquisition; regulatory ratios remain well in excess of requirements.
Managing Funding Costs Future NIM performance depends on managing funding costs as CDs mature into potentially lower market rates.

Peer Comparison

Revenue (TTM)

Camden National CorporationCAC
$345.48M
+23.3%
First Financial CorporationTHFF
$340.98M
+16.6%
Mid Penn Bancorp, Inc.MPB
$335.34M
+26.0%

Gross Margin (Latest Quarter)

MetroCity Bankshares, Inc.MCBS
62.7%
+2.6pp
Heritage Commerce CorpHTBK
0.0%
+0.0pp
Orrstown Financial Services, Inc.ORRF
0.0%
+0.0pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
TRST$811.49M14.38.3%2.1%
HTBK$771.34M17.88.3%707.1%
CAC$757.78M13.39.2%10.7%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
7.6%
Steady Growth
4Q Net Income CAGR
13.1%
Profitability Improving
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Jan 27, 2026
|
EPS:$1.32
|
Revenue:$66.40M
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 6, 2025|
    Revenue: $92.60M+25.5%
    |
    EPS: $1.25+38.9%
    Beat

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 7, 2025|
    Revenue: $90.67M+26.8%
    |
    EPS: $0.83+1.2%
    Miss

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 8, 2025|
    Revenue: $87.90M+24.7%
    |
    EPS: $0.43-52.7%
    Miss

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 7, 2025|
    Revenue: $289.72M+15.7%
    |
    EPS: $3.63+21.8%
    Beat

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 7, 2024|
    Revenue: $73.76M+20.1%
    |
    EPS: $0.90+34.3%
    Beat

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 8, 2024|
    Revenue: $71.50M+10.2%
    |
    EPS: $0.82-3.5%
    Beat

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 8, 2024|
    Revenue: $70.51M+18.4%
    |
    EPS: $0.91+4.6%
    Beat

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Mar 8, 2024|
    Revenue: $250.32M+19.8%
    |
    EPS: $2.98-28.7%
    Beat