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Sep 30, 2020
Camden National Q3 2020 Earnings Report
Camden National's financial performance for Q3 2020 was reported, showcasing an increase in net income compared to the same quarter last year.
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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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