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Jun 30, 2024
Camden National Q2 2024 Earnings Report
Reported second quarter earnings of $12.0 million and diluted EPS of $0.81.
Key Takeaways
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.
Return on average assets was 0.84%, and return on average equity was 9.60%.
Net interest margin increased to 2.36%.
Asset quality remained strong, with non-performing loans at 0.23% of total loans.
Capital position remained strong, with a common equity ratio of 8.88%.
Camden National
Camden National
Forward Guidance
Camden National Corporation will host a conference call and webcast at 3:00 p.m., Eastern Time, on Tuesday, July 30, 2024 to discuss its second quarter 2024 financial results and outlook.