Camden National (NASDAQ: CAC) authorizes buyback of 850,000 shares

Rhea-AI Filing Summary

Camden National Corporation reported that its board has authorized a new stock repurchase program for up to 850,000 shares of its common stock, which represents approximately 5.0% of issued and outstanding shares as of December 31, 2025. The program became effective on January 7, 2026.

The company states that the timing and total amount of repurchases will depend on market conditions, its capital position and internal capital generation. Repurchases may be made through open market purchases, accelerated share repurchase transactions or privately negotiated transactions, including under Rule 10b5-1 programs, and the program may be suspended at any time.

Insights

Bank equity and capital management analyst

Camden National adds flexibility with a buyback authorization of up to 850,000 shares.

Camden National Corporation has board approval to repurchase up to 850,000 common shares, about 5.0% of shares issued and outstanding as of December 31, 2025. This kind of authorization is a capital management tool that can return excess capital to shareholders or offset dilution from equity compensation.

The company notes that actual repurchases will depend on market conditions, its capital position, and internal capital generation, so the authorization does not guarantee that the full amount will be used. It also allows several methods, including open market purchases, accelerated share repurchase structures and Rule 10b5-1 programs, and can be suspended at any time, which underscores that execution remains discretionary.

The program became effective on January 7, 2026. Future disclosures in company filings can show how much of the 850,000-share capacity is actually used and over what period.

8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

0000750686false00007506862026-01-072026-01-07

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (date of earliest event reported): January 7, 2026

Camden National Corporation

(Exact name of registrant as specified in its charter)

Maine			001-13227						01-0413282
(State or other jurisdiction of incorporation)			(Commission File Number)						(IRS Employer Identification No.)
Two Elm Street			Camden			Maine			04843
(Address of principal executive offices)									(Zip Code)

Registrant's telephone number, including area code: (207) 236-8821

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging Growth Company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Common Stock, without par value			CAC			The NASDAQ Stock Market LLC

Item 8.01 Other Events.

On January 8, 2026, Camden National Corporation (the "Company") announced that the board of directors has authorized the purchase of up to 850,000 shares of the Company's common stock, representing approximately 5.0% of the Company's issued and outstanding shares of common stock as of December 31, 2025. The new repurchase program became effective on January 7, 2026.

The timing and exact amount of common stock repurchased under the repurchase program will depend on various factors, including market conditions, the Company’s capital position and internal capital generation. The repurchase program does not include specific price targets; may be executed through open market purchases, accelerated share repurchase transactions or privately negotiated transactions, including utilizing Rule 10b5-1 programs; and may be suspended at any time.

Item 9.01 Financial Statements and Exhibits.

(d)    The following exhibits are filed with this Report:

Exhibit No.			Description
101			Cover Page Interactive Data - the cover page XBRL tags are embedded within the Inline XBRL document.
104			Cover Page Interactive Data File - Included in Exhibit 101.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: January 8, 2026

			CAMDEN NATIONAL CORPORATION (Registrant)
			By:			/s/ MICHAEL R. ARCHER
						Michael R. Archer Chief Financial Officer and Principal Financial & Accounting Officer

FAQ

What stock repurchase program did Camden National Corporation (CAC) approve?

Camden National Corporation approved a new stock repurchase program authorizing the purchase of up to 850,000 shares of its common stock.

What portion of Camden National (CAC) shares does the 850,000-share buyback represent?

The authorization covers up to 850,000 shares, which represents approximately 5.0% of Camden National’s issued and outstanding common shares as of December 31, 2025.

When did Camden National’s new share repurchase program become effective?

The new share repurchase program became effective on January 7, 2026.

How can Camden National (CAC) execute its authorized stock repurchases?

The company may repurchase shares through open market purchases, accelerated share repurchase transactions, or privately negotiated transactions, including using Rule 10b5-1 programs.

What factors will influence Camden National’s (CAC) share repurchases under this program?

The timing and amount of repurchases will depend on market conditions, the company’s capital position, and its internal capital generation.

Can Camden National suspend its stock repurchase program?

Yes. The company states that the repurchase program may be suspended at any time.