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Camden National Corp. - CAC STOCK NEWS

Welcome to our dedicated news page for Camden National (Ticker: CAC), a resource for investors and traders seeking the latest updates and insights on Camden National.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Camden National's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Camden National's position in the market.

News
Camden National Corporation to Announce Quarter Ended March 31, 2024 Financial Results on April 30, 2024
Rhea-AI Summary
Camden National (NASDAQ: CAC) will announce financial results for Q1 2024 on April 30, 2024. A conference call with top executives will be held for investors and analysts to discuss the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.27%
Tags
earnings
-
News
Camden National Corporation Announces its First Quarter 2024 Dividend
Rhea-AI Summary
Camden National (CAC) declares a quarterly dividend of $0.42 per share, resulting in an annualized dividend yield of 5.19% based on the closing price of $32.38 per share on March 25, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.92%
Tags
dividends earnings
-
News
CAMDEN NATIONAL CORPORATION REPORTS FOURTH QUARTER AND YEAR END 2023 FINANCIAL RESULTS
Rhea-AI Summary
Camden National Corporation reported a net income of $8.5 million and diluted EPS of $0.58 for the fourth quarter of 2023, showing a 13% decrease from the third quarter. The financial institution faced challenges due to the interest rate environment and bank failures. Pre-tax investment losses of $5.0 million were included in the fourth quarter 2023 financial results. Simon Griffiths joined as President and CEO. The capital position remained strong, and the asset quality was good. The Company announced a cash dividend of $0.42 per share and a new share repurchase program for 750,000 shares. Loans, investments, deposits, and borrowings all saw changes compared to the previous quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.25%
Tags
earnings
News
Camden National Corporation to Announce Quarter and Year Ended December 31, 2023 Financial Results on January 30, 2024
Rhea-AI Summary
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. Eastern on Tuesday, January 30, 2024 hosted by Simon Griffiths, President and Chief Executive Officer and Michael Archer, Executive Vice President, Chief Financial Officer. The live webcast URL is https://events.q4inc.com/attendee/843601593
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.72%
Tags
earnings
-
News
Camden National Corporation Announces its Fourth Quarter 2023 Dividend
Rhea-AI Summary
Camden National Corporation (NASDAQ: CAC) declares a quarterly dividend of $0.42 per share, resulting in an annualized dividend yield of 4.41% based on the December 18, 2023 closing price of $38.07 per share. The dividend is payable on January 31, 2024, to shareholders of record on January 15, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.16%
Tags
dividends earnings
-
News
Camden National Bank Names New Chief Credit Officer
Rhea-AI Summary
Camden National Bank (CAC) announced that Ryan Smith, an executive vice president, has assumed the role of chief credit officer, succeeding Timothy Nightingale, who retired for personal health reasons. Smith's extensive experience and strong credit skills position him well to uphold the bank's robust credit culture and enhance the customer experience.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.48%
Tags
none
News
CAMDEN NATIONAL CORPORATION REPORTS THIRD QUARTER 2023 FINANCIAL RESULTS
Rhea-AI Summary
Camden National Corporation reported a net income of $9.8 million and diluted EPS of $0.67 for Q3 2023, a decrease of 21% compared to Q2 2023. The company sold $66.7 million of investment securities, resulting in a pre-tax loss of $5.3 million. Excluding the investment loss, adjusted net income for Q3 2023 was $14.0 million, an increase of 13% over Q2 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.32%
Tags
earnings
-
News
Camden National Corporation to Announce Quarter Ended September 30, 2023 Financial Results on October 31, 2023
Rhea-AI Summary
Camden National Corporation will report financial and operating results for Q3 2023 on October 31, 2023. A conference call and webcast will be held. Dial-in and webcast information provided.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.24%
Tags
earnings
-
News
Camden National Corporation Announces its Third Quarter 2023 Dividend
Rhea-AI Summary
Camden National Corporation declares quarterly dividend of $0.42 per share, resulting in an annualized dividend yield of 5.94% based on the closing price of $28.30 per share. Payable on October 31, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.14%
Tags
dividends earnings
News
Camden National Corporation Appoints Simon Griffiths as Successor to CEO
Rhea-AI Summary
Simon Griffiths appointed as successor to Gregory Dufour as President and CEO of Camden National Corporation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.57%
Tags
management
Stock CAC logo
Camden National Corp.

Nasdaq:CAC

CAC Rankings

#3043 Ranked by Market Cap
#4138 Ranked by Stock Gains
#568 Ranked by Dividends

CAC Stock Data

428.78M
13.98M
2.94%
70.83%
2.85%
Commercial Banking
Finance and Insurance
Link
United States
Camden

About CAC

camden national corporation (nasdaq:cac), founded in 1875 and headquartered in camden, maine, is the largest publicly traded bank holding company in northern new england with $3.9 billion in assets and nearly 650 employees. camden national bank, its subsidiary, is a full-service community bank that offers an array of consumer and business financial products and services, accompanied by the latest in digital banking technology to empower customers to bank the way they want. the bank provides personalized service through a network of 60 banking centers, 76 atms, and lending offices in new hampshire and massachusetts, all complimented by 24/7 live phone support. comprehensive wealth management, investment, and financial planning services are delivered by camden national wealth management. to learn more, visit camdennational.com. member fdic.