Camden Natl Corp Stock Price, News & Analysis

On September 27, 2022, Camden National Corporation (NASDAQ: CAC) declared a quarterly dividend of $0.40 per share, yielding an annualized rate of 3.62% based on the closing stock price of $44.22 on September 26, 2022. The dividend will be paid on October 31, 2022 to shareholders of record as of October 14, 2022. Camden National Corporation, the largest bank holding company in Northern New England, has $5.5 billion in assets and operates a full-service community bank.

Camden National Corporation (NASDAQ: CAC) reported a net income of $15.0 million for Q2 2022, reflecting an 11% decline from the previous quarter, primarily due to a higher credit loss provision of $3.4 million. The diluted EPS was $1.02, down 10%. Despite this, loan growth was strong at 9% for the first half of 2022, supported by a 5% increase in Q2 alone. The return on average equity rose to 13.16%. The company announced a $0.40 dividend per share, representing a 3.63% annual yield.

Camden National Corporation (NASDAQ: CAC) will release its financial results for the quarter ending June 30, 2022, on July 26, 2022. A conference call hosted by President Gregory A. Dufour and CFO Michael R. Archer will occur at 3:00 p.m. Eastern on the same day. Investors can join via dial-in numbers or through a live webcast available on the Camden National website. The company, with $5.4 billion in assets, is the largest publicly traded bank holding company in Northern New England, known for offering comprehensive banking services and being recognized for customer experience excellence.

Camden National Corporation (NASDAQ: CAC) has declared a quarterly dividend of $0.40 per share, yielding 3.60% based on the closing stock price of $44.48 on June 27, 2022. The dividend is set for payment on July 29, 2022, to shareholders of record by July 15, 2022. With assets amounting to $5.4 billion and a workforce of approximately 620 employees, Camden National is the largest publicly traded bank holding company in Northern New England, offering a full range of banking services and recognized for its customer experience.

Camden National Corporation (NASDAQ: CAC) reported a net income of $16.8 million and diluted EPS of $1.13 for Q1 2022, marking a 2% increase from Q4 2021. However, year-over-year comparisons reveal a 15% decline in net income and a 14% drop in EPS. Despite strong asset quality and a return on average equity of 12.96%, the bank faced challenges due to rising interest rates, leading to an unrealized loss of $94.2 million in its available-for-sale investment portfolio. Overall, the bank's total assets fell to $5.4 billion, driven by decreased investment balances.

Camden National Corporation (NASDAQ: CAC) will announce its financial results for the first quarter of 2022 on April 26, 2022. The report will be followed by a conference call hosted by CEO Gregory A. Dufour and CFO Michael R. Archer at 1:00 p.m. Eastern. Interested participants can join via dial-in or webcast, with access details provided in the press release. Camden National, with $5.5 billion in assets, is the largest publicly traded bank in Northern New England, offering comprehensive banking services through its community-focused subsidiary, Camden National Bank.

Camden National Corporation (NASDAQ: CAC) has declared a quarterly dividend of $0.40 per share, resulting in an annualized dividend yield of 3.27%. This dividend is based on the closing price of $48.93 as of March 28, 2022. The dividend will be paid on April 29, 2022 to shareholders on record as of April 15, 2022. Camden National, the largest publicly traded bank holding company in Northern New England, has $5.5 billion in assets and provides comprehensive banking services with a focus on customer experience.

Camden National Corporation (NASDAQ: CAC) reported record net income of $69.0 million for 2021, a 16% increase from 2020, with diluted earnings per share (EPS) of $4.60. The fourth quarter net income also rose to $16.5 million, a 13% increase from Q3 2021. Total assets grew 12% to $5.5 billion, driven by a 34% increase in investment balances. The company plans to return $31.2 million to shareholders through dividends and stock repurchases. Key challenges included a decline in net income compared to Q4 2020, primarily due to a strategic shift in mortgage production and lower SBA PPP income.

Camden National Corporation (NASDAQ: CAC) will disclose its financial and operating results for Q4 and the year ending December 31, 2021, on January 25, 2022. A conference call is scheduled for 3:00 p.m. Eastern on the same day, featuring President and CEO Gregory A. Dufour and CFO Michael R. Archer. Camden National, the largest publicly traded bank holding company in Northern New England, boasts $5.5 billion in assets and a commitment to customer service through its 58 banking centers and digital banking solutions.