Camden Natl Corp Stock Price, News & Analysis

Camden National Corporation (NASDAQ: CAC) reported a third-quarter net income of $14.3 million, down 5% from the previous quarter, with diluted earnings per share (EPS) at $0.97. For the first nine months of 2022, net income totaled $46.1 million, marking a 12% decline year-over-year. Key drivers include a $8.5 million increase in provision for credit losses and $4.2 million less SBA PPP income. Despite the challenges, revenues grew 2% year-to-date. The bank announced a $0.40 per share cash dividend, reflecting a 3.76% yield. Total assets reached $5.6 billion.

Camden National Corporation (NASDAQ: CAC) will disclose its financial and operating results for the quarter ending September 30, 2022, on October 25, 2022. A conference call and webcast will occur at 3:00 p.m. Eastern on the same day, featuring CEO Gregory A. Dufour and CFO Michael R. Archer.

Investors can join the call via dial-in or webcast, with details provided in the release. Camden National, the largest publicly traded bank holding company in Northern New England, has $5.5 billion in assets and operates 58 banking centers, emphasizing customer service and digital banking.

Camden National Corporation (Nasdaq: CAC) has appointed Rebecca Hatfield as a director, effective December 31, 2022. Hatfield will also join the Capital Committee and Camden National Bank's Board. She brings extensive experience in risk management from her leadership at Avesta Housing, overseeing over 100 properties serving 5,000 people. Recognized in the business community, Hatfield aims to enhance corporate strategy and shareholder value. Camden National, with $5.5 billion in assets, continues to be a key player in Northern New England's banking landscape.

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.