Welcome to our dedicated page for Camden Natl news (Ticker: CAC), a resource for investors and traders seeking the latest updates and insights on Camden Natl stock.
Camden National Corporation (NASDAQ: CAC) is a Maine‑based bank holding company and, according to its public statements, Northern New England's largest publicly traded bank holding company. Through Camden National Bank and Camden National Wealth Management, the company provides commercial banking, consumer banking, and wealth management services, and it regularly issues news and updates that are relevant to investors, customers, and market watchers.
The news flow for Camden National Corporation often centers on quarterly and annual earnings results, where the company reports net income, returns on assets and equity, capital ratios, loan and deposit trends, and asset quality metrics. These earnings releases are typically accompanied by conference calls and webcasts, with details on how to join and where to access replays and transcripts.
Another recurring category of news involves dividend declarations. The board of directors has repeatedly announced quarterly cash dividends on the company’s common stock, and these announcements specify the dividend amount per share, record dates, and payment dates. Such releases are also reflected in Form 8‑K filings.
Camden National Corporation’s news also includes corporate governance updates, such as board succession plans. Recent communications have described the planned retirement of the Chair of the Board and the appointment of a Vice‑Chair who will succeed as Chair, highlighting the company’s approach to leadership continuity.
In addition, the company may appear in strategic and partnership announcements related to its banking operations. For example, Camden National Bank has been featured in a partnership release involving a personalized banking platform aimed at enhancing digital banking experiences and savings tools for customers.
Investors and followers of CAC can use this news page to review earnings announcements, dividend news, board and governance developments, and selected business initiatives that shape Camden National Corporation’s financial and strategic profile over time.
Camden National Bank (NASDAQ:CAC) has partnered with Spiral, an award-winning personalized banking platform, to enhance its digital banking services and promote financial wellness. The collaboration will enable Camden National's customers to automatically round up debit card transactions for savings and facilitate charitable donations through a new Giving Center.
The partnership aims to address significant financial challenges, as 25% of Americans have less than $1,000 in savings and 19% have no emergency savings according to recent surveys. The initiative will provide customers with automated savings tools and the ability to support local nonprofits through their everyday banking activities.
Camden National (NASDAQ: CAC) has scheduled its Q1 2025 financial results announcement for May 6, 2025. The announcement will include details of their recently completed acquisition of Northway Financial, Inc., which was finalized on January 2, 2025.
The company will host a conference call and webcast at 2:00 p.m. Eastern on May 6, featuring presentations from key executives including Simon Griffiths (President and CEO), Michael Archer (EVP, CFO), and Renée Smyth (EVP, Chief Experience and Marketing Officer).
Interested parties can join via phone using domestic dial-in (833) 470-1428 or international dial-in (929) 526-1599 with participant code 893714, or through the webcast at the provided URL. Participants are advised to connect 10-15 minutes before the start time.
Camden National (NASDAQ: CAC) has declared a quarterly dividend of $0.42 per share, as announced by President and CEO Simon R. Griffiths. Based on the company's closing stock price of $42.01 on March 24, 2025, this quarterly distribution represents an annualized dividend yield of 4.0%. The dividend will be paid on April 30, 2025, to shareholders of record as of April 15, 2025.
Camden National (NASDAQ: CAC) has appointed Raina L. Maxwell to its Board of Directors and Camden National Bank's Board, effective February 25, 2025. Maxwell will also serve on the Camden National Credit Committee.
Maxwell brings over 13 years of experience from L.L.Bean, where she led their customer satisfaction program. Her career includes financial roles at Standard & Poor's Corporate Value Consulting and Carana She holds an MBA from the University of Virginia and a BA in economics and international affairs from the University of New Hampshire.
The appointment aims to strengthen Camden National's position as the premier publicly traded bank in Northern New England, leveraging Maxwell's expertise in customer satisfaction and financial strategy.
Camden National (NASDAQ: CAC) reported Q4 2024 earnings of $14.7 million and diluted EPS of $1.00, marking increases of 12% and 11% respectively over Q3 2024. The company successfully closed its merger with Northway Financial on January 2, 2025, creating a combined institution with approximately $7.0 billion in assets and 73 branches across Maine and New Hampshire.
Key Q4 2024 highlights include net interest margin expansion to 2.57% (up 11 basis points), return on average assets of 1.01%, and strong asset quality with non-performing loans at 0.16% of total loans. Total assets reached $5.8 billion, with loans totaling $4.1 billion and deposits at $4.6 billion. The company announced a cash dividend of $0.42 per share, representing a 3.93% annualized yield.
For full-year 2024, Camden National reported net income of $53.0 million and diluted EPS of $3.62, both representing 22% increases over 2023.
Camden National (NASDAQ: CAC) has announced it will release its financial and operating results for Q4 and full-year 2024 on January 28, 2025. The company will host a conference call and webcast at 3:00 p.m. Eastern on the same day.
The presentation will be led by Simon Griffiths, President and CEO, and Michael Archer, Executive Vice President and CFO. Interested parties can join via phone using domestic dial-in (833) 470-1428 or international dial-in (929) 526-1599 with participant code 416800, or through the webcast link. Participants are advised to connect 10-15 minutes before the start time.
Camden National (NASDAQ: CAC) has completed its merger with Northway Financial, creating a combined institution with approximately $7.0 billion in total assets and 73 branches across Maine and New Hampshire. The all-stock transaction, announced on September 10, 2024, involved Camden National issuing approximately 2.3 million shares of its common stock, with Northway shareholders receiving 0.83 shares of Camden National common stock for each Northway share.
The systems conversion is scheduled for mid-March. In connection with the merger, Larry K. Haynes, former Northway board member and current president and CEO of Grappone Automotive Group, has been appointed to Camden National's Board of Directors, serving on the Audit Committee and Camden National Bank's Board and Trust Committee.
Camden National (NASDAQ: CAC) has received all necessary regulatory approvals for its merger with Northway Financial (OTCQB: NWYF). The merger, originally announced on September 9, 2024, is expected to close around January 2, 2025, following customary closing conditions. Northway shareholders approved all merger-related matters on December 17, 2024. The merger will expand Camden National's presence into New Hampshire, with customer account conversions planned for mid-March 2025.
Camden National (NASDAQ: CAC) has declared a quarterly dividend of $0.42 per share. Based on the company's closing stock price of $45.91 on December 16, 2024, this represents an annualized dividend yield of 3.66%. The dividend will be paid on January 31, 2025, to shareholders of record as of January 15, 2025.
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