Camden National Earnings Reports

Camden National Corporation reported a strong fourth quarter with net income of $14.7 million and diluted EPS of $1.00, marking increases of 12% and 11%, respectively, compared to the previous quarter. The company also completed its merger with Northway Financial, Inc., increasing its total assets to approximately $7.0 billion.

Camden National Corporation reported a strong third quarter with a net income of $13.1 million and diluted EPS of $0.90, which is an increase of 9% and 11%, respectively, over the second quarter of 2024. The results were driven by net interest margin expansion and robust asset quality. The company also announced a pending merger with Northway Financial, Inc.

Camden National Corporation reported earnings of $12.0 million and diluted EPS of $0.81 for the quarter ended June 30, 2024. The company's net interest margin expanded, and asset quality remained strong. Pre-tax, pre-provision income increased to $15.5 million.

Camden National Corporation reported a net income of $13.3 million and diluted EPS of $0.91 for the first quarter of 2024. The company released $2.1 million in the provision for credit losses, including a $910,000 recovery on the sale of a Signature Bank corporate bond. Adjusted net income was $12.6 million, and adjusted diluted EPS was $0.86, a 1% increase over the previous quarter.

Camden National Corporation reported a net income of $8.5 million and diluted EPS of $0.58 for Q4 2023, representing a 13% decrease compared to the previous quarter. The results include pre-tax investment losses of $5.0 million. The company focused on maintaining long-term shareholder value amidst challenges in the interest rate environment.

Camden National Corporation reported a net income of $9.8 million and diluted earnings per share of $0.67 for Q3 2023. These results reflect a 21% decrease compared to the previous quarter, influenced by a $5.3 million pre-tax loss from the sale of investment securities. Excluding this loss, adjusted net income increased by 13% over Q2 2023.

Camden National Corporation reported a decrease in net income and diluted earnings per share compared to the previous quarter, primarily due to rising short-term interest rates impacting deposit and funding costs. However, the company's capital levels, asset quality, and reserves remain strong.

Camden National Corporation reported a net income of $12.7 million and diluted earnings per share of $0.87 for Q1 2023. The results were impacted by interest rate volatility, seasonal deposit outflows, increased deposit competition, and a $1.8 million loss on an investment security. The company's capital, liquidity, and asset quality remained strong.

Camden National Corporation reported Q4 2022 earnings of $15.4 million, with diluted earnings per share of $1.05, representing an 8% increase over the third quarter of 2022. The company's returns on average equity, tangible equity, and assets were 14.03%, 18.18%, and 1.09%, respectively. Loan growth and deposit growth contributed to the solid performance.

Camden National Corporation reported a net income of $14.3 million for Q3 2022, a 5% decrease compared to the previous quarter. This decrease was primarily due to higher provision for credit losses and less SBA PPP loan income, although net interest margin expanded by 4 basis points quarter-over-quarter.

Camden National Corporation reported a net income of $15.0 million for the second quarter of 2022, with diluted earnings per share of $1.02. Loan growth was strong at 5% for the quarter and 9% for the first half of the year. The company increased its allowance for credit losses due to loan growth and economic outlook.

Camden National Corporation reported a net income of $16.8 million and diluted EPS of $1.13 for Q1 2022. These figures represent a 2% increase over the previous quarter but a 15% decrease compared to the same quarter last year. The company's asset quality remained strong, with a non-performing assets to total assets ratio of 0.12%.

Camden National Corporation reported a net income of $16.5 million for the fourth quarter of 2021, an increase of 13% over the third quarter of 2021. The diluted EPS was $1.11, an increase of 14% over the third quarter of 2021.

Camden National Corporation reported a net income of $14.6 million for Q3 2021, a decrease of 13% compared to Q3 2020. The decrease was attributed to a strategic shift to hold more residential mortgage production within its loan portfolio and an increase in provision expense.

Camden National Corporation reported a strong second quarter in 2021, with net income increasing by 66% compared to the same period in 2020. The company's financial results were driven by superior asset quality and continued momentum on strategic initiatives. The shift in strategy to hold more residential mortgage loan production within its loan portfolio impacted mortgage banking income.

Camden National Corporation reported a record net income of $19.7 million for the first quarter of 2021, a 46% increase year-over-year, with diluted earnings per share of $1.31, a 47% increase year-over-year. The company's strong financial results led to a return on average equity of 15.00% and a return on average tangible equity (non-GAAP) of 18.47% for the first quarter of 2021.

Camden National Corporation reported a strong fourth quarter and year-end 2020, with a record net income of $59.5 million for the year and $18.3 million for the fourth quarter. Diluted earnings per share increased by 23% compared to the fourth quarter of 2019. The company's asset quality remained excellent, with non-performing assets at 0.22% of total assets.

Camden National Corporation reported a strong third quarter with a 16% increase in net income compared to Q3 2019. The company's EPS also saw an 18% increase. The results reflect the company's focus on customer needs and strategic balance sheet management during unprecedented economic conditions.

Camden National Corporation reported a net income of $10.9 million for Q2 2020, a 17% decrease compared to Q2 2019. Diluted earnings per share were $0.73, a 14% decrease over the same period. The decrease was driven by higher provision expense due to COVID-19.

Camden National Corporation reported a net income of $13.5 million for the first quarter of 2020, a decrease of 5% compared to the first quarter of 2019, with diluted earnings per share of $0.89, a decrease of 2% over the same period.

Camden National Corporation reported a net income of $15.2 million and diluted EPS of $0.99 for Q4 2019, representing an increase of 9% and 11% respectively, compared to Q4 2018. The company's record net income for 2019 reached $57.2 million, with a diluted EPS of $3.69.