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.
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.
Camden National Corporation (NASDAQ: CAC) reported a robust net income of $19.7 million for Q1 2021, a 46% increase over the previous year, translating to diluted EPS of $1.31. The company's return on equity stood at 15.00%. Mortgage banking income doubled year-over-year, and an income of $1.9 million was recognized from SBA PPP loans. Non-performing assets were low at 0.20%. Camden National's book value per share grew 8% to $35.64. The company's quarterly dividend was increased by 9% to $0.36. Total assets reached $5.1 billion, reflecting a 4% growth.
Camden National Corporation (NASDAQ: CAC) will release its financial results for Q1 2021 on April 27, 2021. The announcement will be followed by a conference call at 1:00 p.m. Eastern Time, hosted by CEO Gregory A. Dufour and CFO Gregory A. White. Investors can join via a domestic dial-in at (888) 349-0139 or international dial-in at (412) 542-4154, or through the live webcast available on the company's website. Camden National Corporation is the largest publicly traded bank in Northern New England, with $4.9 billion in assets.
Camden National Corporation (NASDAQ: CAC) has announced a quarterly dividend of $0.36 per share, reflecting a 9% increase from the previous dividend of $0.33. Based on the closing price of $47.70 on March 29, 2021, this results in an annualized yield of 3.02%. The dividend is scheduled for payment on April 30, 2021, to shareholders of record by April 15, 2021. CEO Gregory A. Dufour highlighted the company's strong financial performance, which supports its commitment to rewarding shareholders.
Camden National Corporation (NASDAQ: CAC) reported strong financial results for Q4 2020, with net income of $18.3 million and diluted EPS of $1.22, reflecting increases of 20% and 23% year-over-year, respectively. For the full year, net income rose 4% to $59.5 million, with diluted EPS at $3.95. Key metrics included a return on average assets of 1.23% and a tier 1 leverage ratio of 9.13%. The bank achieved a record $1 billion in mortgage originations, bolstered by low-interest rates. The company also maintained robust asset quality, with non-performing assets at just 0.22% of total assets.
Camden National Corporation (NASDAQ: CAC) is set to report its financial and operational results for the quarter and year ended December 31, 2020, on January 26, 2021. A conference call will be held at 3:00 p.m. Eastern on the same day, hosted by President and CEO Gregory A. Dufour and CFO Gregory A. White. Camden National, with $5.2 billion in assets, operates as the largest publicly traded bank holding company in Northern New England, providing a range of financial services through its subsidiary, Camden National Bank.
Camden National Corporation (NASDAQ: CAC) has declared a quarterly dividend of $0.33 per share, yielding an annualized 3.75% based on the stock's closing price of $35.19 on December 21, 2020. The dividend is set to be paid on January 29, 2021, to shareholders on record as of January 15, 2021. Camden National Corporation, the largest bank holding company in Northern New England, reports total assets of $5.2 billion and has a strong commitment to customer service, evidenced by accolades in customer experience.
Camden National Corporation (NASDAQ: CAC) reported a net income of $16.8 million for Q3 2020, a 16% increase from Q3 2019. Diluted EPS rose 18% to $1.11. The bank's total assets increased 16% to $5.2 billion, driven by strong deposit growth of 19%. Loan loss reserves increased to $36.4 million, 1.11% of total loans. Notably, COVID-19 short-term loan deferrals reduced to 5.5% from 16.4%. The total risk-based capital ratio stood at a robust 15.15%. Camden National also announced a cash dividend of $0.33 per share, with an annualized yield of 4.37%.
Camden National Corporation (NASDAQ: CAC) will release its financial results for Q3 2020 on October 27, 2020, followed by a conference call at 3:00 p.m. Eastern. Hosted by CEO Gregory A. Dufour and CFO Gregory A. White, the call will be accessible via dial-in or webcast. Camden National, the largest publicly traded bank in Northern New England, boasts $5.0 billion in assets and has been recognized for its customer service. The meeting will also be available on their website post-event.
Camden National Corporation (NASDAQ: CAC) has declared a quarterly dividend of $0.33 per share, resulting in an annualized yield of 4.37% based on the closing stock price of $30.21 on September 28, 2020. The dividend will be payable on October 30, 2020 to shareholders on record by October 15, 2020. As the largest publicly traded bank holding company in Northern New England, Camden National manages $5.0 billion in assets and provides a variety of banking services through its numerous locations and digital platforms.