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Mar 31, 2022
Camden National Q1 2022 Earnings Report
Camden National's financial performance for Q1 2022, with a 2% increase in net income and diluted EPS compared to Q4 2021, but a decrease compared to Q1 2021, was reported.
Key Takeaways
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%.
Net income increased by 2% over the fourth quarter of 2021.
Loans grew by $102.7 million, or 3%, during the first quarter of 2022.
Asset quality remains strong, with a non-performing assets to total assets ratio of 0.12%.
Allowance for credit losses on loans coverage ratio decreased to 0.90% of total loans.
Forward Guidance
Camden National enters the second quarter with strong asset quality indicators and regulatory capital levels.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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