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

$775.54M

P/E (TTM)

11.8

13.7

Dividend Yield

3.7%

52W High

$51.57

52W Low

$34.53

52W Range

66%

Rank37Top 34.1%

4.4

F-Score

Modified Piotroski Analysis

Based on 10-year fundamentals

Average • 4.4 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$96.18M+29.42%

4-Quarter Trend

EPS

$1.34+32.67%

4-Quarter Trend

FCF

-$22.67M+0.00%

4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Strong 2025 Profitability Growth GAAP Net Income rose 23% to $65.2M; Adjusted diluted EPS grew 20% to $4.39, reflecting acquisition benefits.

Successful Northway Acquisition Integration Completed Northway integration in March 2025, realizing synergies and expanding NH presence by 17 branches, boosting scale.

Core NIM Expansion Achieved Core Net Interest Margin (TE) improved 36 basis points to 2.82% for 2025, driven by rate initiatives and lower funding costs.

Balance Sheet Scale Increased Total assets reached $7.0B; total loans grew 21% to $4.97B and deposits grew 20% to $5.54B, largely due to Northway.

Risk Factors

Credit Quality Metrics Worsened Non-performing assets ratio rose to 0.10% of assets; net charge-offs increased significantly, driven by isolated commercial loan issues.

Interest Rate Environment Volatility Profitability remains highly dependent on interest rate fluctuations, posing risk to Net Interest Income if rates move unexpectedly.

Elevated Deposit Funding Costs Competition for deposits remains intense, potentially forcing higher funding costs, which pressures net interest margin sustainability.

Capital Ratios Moderated Total risk-based capital ratio declined to 13.95% from 15.11% following acquisition and dividend payments.

Outlook

Continued Margin Management Focus Expect ongoing focus on optimizing asset/liability mix to manage NIM, even with expected Federal Reserve rate adjustments.

Efficiency Gains Realization Leverage from acquisition integration expected to drive further non-interest expense reduction and efficiency ratio improvement into 2026.

Organic Growth Strategy Emphasis Focus remains on profitable organic growth by deepening customer relationships across Maine and New Hampshire markets.

Maintaining Strong Capital Position Management intends to keep all regulatory capital ratios well in excess of minimum requirements, including the capital conservation buffer.

Peer Comparison

Revenue (TTM)

MCB

$527.15M

+7.1%

CAC

$367.34M

+26.8%

ORRF

$353.86M

+24.6%

Gross Margin (Latest Quarter)

THFF

96.6%

+26.3pp

FCBC

90.9%

+4.8pp

CCBG

88.4%

+2.5pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
MCBS	$812.68M	11.0	14.8%	11.3%
TRST	$807.16M	13.1	8.9%	3.0%
MCB	$800.99M	11.4	9.7%	1.0%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

3.0%

Moderate Growth

4Q Net Income CAGR

45.5%

Profitability Improved

Cash Flow Stability

75%

Volatile Cash Flow

Deep Research

Next earnings:Apr 28, 2026

EPS:$1.24

Revenue:$65.62M

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data