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), a leading community bank in Northern New England since 1875, provides investors and stakeholders with essential financial updates through this centralized news hub. Access official press releases, earnings reports, and strategic announcements from one reliable source.
This page aggregates critical developments including digital banking innovations, merger integrations, and community impact initiatives. Users will find updates on wealth management expansions, risk management practices, and regulatory compliance milestones that shape CAC's market position.
Key content categories include quarterly financial results, leadership changes, technology implementations, and community reinvestment programs. Bookmark this page for streamlined access to verified information directly affecting Camden National's operational performance and long-term growth strategy.
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.
On December 21, 2021, Camden National Corporation (NASDAQ: CAC) announced a quarterly dividend of $0.40 per share, reflecting an 11% increase from the previous quarter and a 21% increase year-over-year. This yield equates to an annualized rate of 3.52% based on a stock price of $45.47 as of December 20, 2021. The dividend will be paid on January 31, 2022, to shareholders of record by January 14, 2022. This marks the second increase in dividends this year, highlighting the company's commitment to rewarding its shareholders.
Camden National Corporation (NASDAQ: CAC) reported a net income of $52.5 million and diluted EPS of $3.49 for the nine months ending September 30, 2021, reflecting increases of 27% and 28%, respectively, year-over-year. The company experienced a net income of $14.6 million and diluted EPS of $0.97 in Q3 2021, down 13% from the prior year and down 19% from Q2 2021 due to a strategic shift to retain more residential mortgage production. As of September 30, 2021, total assets grew to $5.5 billion, and total deposits increased by 15% to $4.6 billion.
Camden National Corporation (NASDAQ: CAC) will announce its financial results for Q3 2021 on October 26, 2021. A conference call will follow at 3:00 p.m. Eastern, hosted by CEO Gregory A. Dufour and CFO Gregory A. White. Participants can join via dial-in or webcast. Camden National Bank, a community bank with $5.2 billion in assets and over 600 employees, offers a range of banking services through 58 centers and digital platforms, consistently recognized for customer experience excellence.
Camden National Corporation (NASDAQ: CAC) announced a quarterly dividend of $0.36 per share, resulting in an annualized yield of 2.93% based on a closing price of $49.09 on September 27, 2021. The dividend is payable on October 29, 2021 to shareholders of record by October 15, 2021. As the largest publicly traded bank holding company in Northern New England with $5.2 billion in assets, Camden National Bank provides comprehensive banking and wealth management solutions.
Camden National Corporation (NASDAQ: CAC) reported impressive financial results for Q2 2021, with net income of $18.1 million and diluted EPS of $1.21, marking a 66% increase year-over-year. For the first six months, net income reached $37.9 million, a 55% increase. The company's return on average equity was 13.50%, reflecting solid performance despite an 8% decrease in net income compared to Q1 2021. The company declared a cash dividend of $0.36 per share, yielding 3.02%. Loan growth was 3%, with improved asset quality and a low non-performing asset ratio of 0.17%. Total assets increased to $5.2 billion.
Camden National Corporation (NASDAQ: CAC) will announce its financial results for the quarter ending June 30, 2021, on July 27, 2021. The announcement will be followed by a conference call at 3:00 p.m. Eastern, hosted by CEO Gregory A. Dufour and CFO Gregory A. White. Camden National, the largest bank holding company in Northern New England with assets of $5.1 billion, has received multiple awards for customer experience and community involvement over the past years. A live webcast will be available on their website prior to the call.
On June 29, 2021, Camden National Corporation (NASDAQ: CAC) announced a quarterly dividend of $0.36 per share, providing an annualized dividend yield of 2.98% based on the June 28 closing price of $48.30. The dividend will be payable on July 30, 2021, to shareholders of record on July 15, 2021. Camden National Corporation, with $5.1 billion in assets, is the largest publicly traded bank holding company in Northern New England, offering community banking and wealth management services.
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