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Dec 31, 2021
Camden National Q4 2021 Earnings Report
Camden National Corporation reported fourth quarter and year end financial results.
Key Takeaways
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.
Net income increased by $1.9 million, or 13%, over the third quarter of 2021, and decreased $1.8 million, or 10%, compared to the fourth quarter of 2020.
Loans grew $116.2 million, or 4%, during the fourth quarter of 2021, and $162.2 million, or 5%, excluding SBA PPP loans.
Residential mortgage loan originations reached a new record in 2021 with $1.1 billion of volume, an increase of 5% over the previous record set just last year.
Fourth quarter 2021 dividend payable to shareholders increased $0.04, or 11%, to $0.40 per share, and was the Company's second dividend increase during 2021 for a total of $0.07 per share, or 21%.
Forward Guidance
Camden National will host a conference call and webcast at 3:00 p.m., Eastern Time, on Tuesday, January 25, 2022 to discuss its fourth quarter and year ended 2021 financial results and outlook.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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