Camden National Q3 2020 Earnings Report
Key Takeaways
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.
Net income increased by 16% over the third quarter of 2019.
Diluted earnings per share increased by 18% over the third quarter of 2019.
Net interest margin for the third quarter of 2020 was 3.00%.
Total assets increased 16% since December 31, 2019, to $5.2 billion at September 30, 2020.
Camden National
Camden National
Forward Guidance
Camden National will host a conference call and webcast at 3:00 p.m., Eastern Time, on Tuesday, October 27, 2020 to discuss its third quarter 2020 financial results and outlook.