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Complete financial analysis of Camden National Corporation (CAC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Camden National Corporation, a leading company in the Banks – Regional industry within the Financial Services sector.
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Camden National Corporation (CAC)
About Camden National Corporation
Camden National Corporation operates as the bank holding company for Camden National Bank that provides various commercial and consumer banking products and services for consumer, institutional, municipal, non-profit, and commercial customers. The company accepts checking, savings, time, and brokered deposits, as well as deposits with the certificate of deposit account registry system. It also offers non-owner-occupied commercial estate loans, owner-occupied commercial real estate loans, unsecured fully-guaranteed commercial loans backed by the U.S. small business administration, loans secured by one-to four-family properties, and consumer and home equity loans. In addition, the company provides brokerage and insurance services through its financial offerings consisting of college, retirement, estate planning, mutual funds, strategic asset management accounts, and variable and fixed annuities. Further, it offers a range of fiduciary and asset management, wealth management, investment management, financial planning, and trustee services. As of December 31, 2021, the company had 57 branches within Maine; one residential mortgage lending office in Braintree, Massachusetts; two locations in New Hampshire, including a branch in Portsmouth and a commercial loan production office in Manchester; and an online residential mortgage and small commercial digital loan platform, as well as 66 ATMs. Camden National Corporation was founded in 1875 and is headquartered in Camden, Maine.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 161.20M | 183.79M | 182.86M | 183.04M | 166.13M | 155.39M | 151.14M | 150.11M | 113.93M | 100.63M | 100.53M | 97.16M | 98.38M | 95.37M | 92.46M | 71.93M | 62.52M | 65.82M | 65.07M | 60.41M | 58.49M | 61.32M | 57.28M | 48.43M | 46.70M | 32.60M | 28.60M | 4.25M |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.22M | 2.27M | 2.03M | 2.12M | 1.65M | 0.00 | 0.00 | 1.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 21.03M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 161.20M | 183.79M | 182.86M | 183.04M | 166.13M | 155.39M | 151.14M | 148.89M | 111.67M | 98.60M | 98.42M | 95.50M | 98.38M | 95.37M | 92.46M | 71.93M | 62.52M | 65.82M | 65.07M | 60.41M | 37.46M | 61.32M | 57.28M | 48.43M | 46.70M | 32.60M | 28.60M | 4.25M |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 99.19% | 98.01% | 97.98% | 97.89% | 98.30% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 64.05% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 4.52M | 62.02M | 61.01M | 57.94M | 54.49M | 51.51M | 49.97M | 48.07M | 37.22M | 32.67M | 32.61M | 29.69M | 33.21M | 35.29M | 33.91M | 24.09M | 18.49M | 17.98M | 18.60M | 17.37M | 16.90M | 16.50M | 14.28M | 11.56M | 12.60M | 8.60M | 7.00M | 6.30M |
| Selling & Marketing | 55.19M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.85M | 1.66M | 1.84M | 1.59M | 1.56M | 1.95M | 1.35M | 1.24M | 2.69M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 59.71M | 62.02M | 61.01M | 57.94M | 54.49M | 51.51M | 49.97M | 48.07M | 37.22M | 32.67M | 32.61M | 29.69M | 33.21M | 35.29M | 36.60M | 24.09M | 18.49M | 17.98M | 18.60M | 17.37M | 16.90M | 16.50M | 14.28M | 11.56M | 12.60M | 8.60M | 7.00M | 6.30M |
| Other Expenses | 0.00 | -23.87M | -157.22M | -166.59M | -149.04M | -110.14M | -21.77M | -24.31M | 0.00 | 0.00 | 0.00 | 0.00 | 109.00K | 221.00K | 11.00K | -18.41M | 5.59M | -1.36M | -17.62M | -24.20M | 30.42M | -24.63M | -13.29M | 158.00K | -13.40M | -6.30M | -700.00K | 20.70M |
| Operating Expenses | 85.58M | 4.07M | -96.22M | -108.65M | -94.55M | -58.63M | 3.12M | 3.23M | 2.63M | 2.37M | 2.34M | 1.82M | 33.32M | 32.02M | 2.96M | 5.69M | 24.08M | 16.62M | 971.00K | -6.83M | 30.42M | -8.13M | 994.00K | 11.72M | -800.00K | 2.30M | 6.30M | 27.00M |
| Cost & Expenses | 85.58M | 4.07M | -96.22M | -108.65M | -94.55M | -58.63M | 3.12M | 4.45M | 4.89M | 4.40M | 4.46M | 3.47M | 33.32M | 32.02M | 2.96M | 5.69M | 24.08M | 16.62M | 971.00K | -6.83M | 51.45M | -8.13M | 994.00K | 11.72M | -800.00K | 2.30M | 6.30M | 27.00M |
| Interest Income | 226.25M | 172.79M | 148.48M | 157.20M | 168.52M | 151.38M | 136.10M | 129.63M | 99.14M | 88.42M | 88.22M | 90.95M | 98.37M | 104.51M | 113.33M | 127.12M | 107.74M | 107.24M | 89.72M | 73.38M | 72.15M | 74.57M | 79.87M | 79.56M | 70.60M | 48.90M | 46.10M | 41.02M |
| Interest Expense | 93.98M | 25.09M | 11.05M | 20.89M | 40.89M | 30.98M | 20.80M | 16.55M | 12.69M | 12.13M | 12.74M | 17.20M | 23.15M | 30.22M | 40.32M | 56.90M | 57.87M | 53.05M | 34.70M | 24.37M | 24.49M | 27.72M | 35.69M | 40.04M | 30.50M | 20.80M | 21.30M | 19.11M |
| Depreciation & Amortization | 3.96M | 4.12M | 4.36M | 4.51M | 4.60M | 4.49M | 5.57M | 6.33M | 1.31M | 1.15M | 1.15M | 657.00K | 577.00K | 3.77M | 3.27M | 3.13M | 2.25M | 1.63M | 2.27M | 2.19M | 2.85M | 3.13M | 2.55M | 1.37M | 1.10M | 900.00K | 700.00K | 1.02M |
| EBITDA | 57.80M | 81.16M | 91.00M | 78.91M | 76.18M | 70.27M | 67.92M | 63.87M | 37.22M | 24.97M | 39.07M | 37.47M | 41.82M | 38.76M | 54.15M | 49.04M | 33.36M | 49.05M | 46.59M | 37.32M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Ratio | 35.86% | 57.81% | 47.74% | 41.02% | 43.51% | 62.74% | 58.70% | 53.58% | 42.54% | 52.01% | 51.54% | 58.54% | 66.47% | 73.26% | 83.07% | 112.25% | 142.11% | 127.73% | 104.99% | 92.31% | 94.98% | 91.85% | 106.18% | 127.02% | 100.64% | 109.82% | 124.48% | 759.38% |
| Operating Income | 53.84M | 102.14M | 86.64M | 74.40M | 71.58M | 96.76M | 83.16M | 74.09M | 43.55M | 48.14M | 47.66M | 51.51M | 61.11M | 66.10M | 73.54M | 77.62M | 86.60M | 82.44M | 66.05M | 53.58M | 52.70M | 53.19M | 58.27M | 60.14M | 45.90M | 34.90M | 34.90M | 31.25M |
| Operating Income Ratio | 33.40% | 55.57% | 47.38% | 40.64% | 43.09% | 62.27% | 55.02% | 49.36% | 38.22% | 47.84% | 47.40% | 53.02% | 62.12% | 69.31% | 79.53% | 107.90% | 138.51% | 125.24% | 101.49% | 88.69% | 90.11% | 86.75% | 101.74% | 124.19% | 98.29% | 107.06% | 122.03% | 735.47% |
| Total Other Income/Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -21.28M | -27.54M | -14.98M | -16.18M | -9.09M | -1.09M | 1.78M | 0.00 | -15.00M | 0.00 | 0.00 | 0.00 | 0.00 | 7.52M | -27.27M | -35.69M | -40.04M | -30.50M | -20.80M | -21.30M | -19.11M |
| Income Before Tax | 53.84M | 77.05M | 86.64M | 74.40M | 71.58M | 65.78M | 62.35M | 57.54M | 30.86M | 36.01M | 34.92M | 34.31M | 37.96M | 35.88M | 33.22M | 20.72M | 28.74M | 29.39M | 31.35M | 29.21M | 28.21M | 25.93M | 22.58M | 20.10M | 15.40M | 14.10M | 13.60M | 12.15M |
| Income Before Tax Ratio | 33.40% | 41.92% | 47.38% | 40.64% | 43.09% | 42.33% | 41.25% | 38.33% | 27.08% | 35.79% | 34.73% | 35.31% | 38.58% | 37.62% | 35.93% | 28.80% | 45.96% | 44.65% | 48.17% | 48.36% | 48.24% | 42.28% | 39.42% | 41.51% | 32.98% | 43.25% | 47.55% | 285.83% |
| Income Tax Expense | 10.45M | 15.61M | 17.63M | 14.91M | 14.38M | 12.71M | 33.88M | 17.47M | 9.91M | 11.44M | 12.13M | 10.88M | 11.78M | 11.11M | 10.44M | 5.38M | 8.45M | 9.11M | 9.97M | 9.72M | 9.29M | 8.43M | 7.16M | 6.24M | 5.20M | 4.50M | 4.50M | 4.03M |
| Net Income | 43.38M | 61.44M | 69.01M | 59.49M | 57.20M | 53.07M | 28.48M | 40.07M | 20.95M | 24.57M | 22.78M | 23.43M | 26.18M | 24.77M | 22.77M | 15.34M | 20.28M | 20.28M | 21.38M | 19.49M | 18.93M | 17.05M | 15.42M | 13.86M | 10.20M | 11.50M | 10.70M | 8.12M |
| Net Income Ratio | 26.91% | 33.43% | 37.74% | 32.50% | 34.43% | 34.15% | 18.84% | 26.69% | 18.39% | 24.42% | 22.66% | 24.11% | 26.61% | 25.97% | 24.63% | 21.32% | 32.44% | 30.81% | 32.85% | 32.27% | 32.36% | 27.81% | 26.92% | 28.62% | 21.84% | 35.28% | 37.41% | 190.99% |
| EPS | 2.98 | 4.18 | 4.62 | 3.96 | 3.70 | 3.41 | 1.83 | 2.59 | 1.73 | 2.19 | 1.99 | 2.04 | 2.27 | 2.15 | 1.99 | 1.33 | 2.06 | 1.95 | 1.87 | 1.69 | 1.59 | 1.41 | 1.27 | 1.13 | 0.85 | 0.93 | 0.29 | 0.77 |
| EPS Diluted | 2.97 | 4.17 | 4.60 | 3.95 | 3.69 | 3.40 | 1.82 | 2.57 | 1.73 | 2.19 | 1.98 | 2.03 | 2.27 | 2.15 | 1.98 | 1.33 | 2.06 | 1.95 | 1.87 | 1.69 | 1.59 | 1.41 | 1.26 | 1.13 | 0.85 | 0.92 | 0.28 | 0.77 |
| Weighted Avg Shares Out | 14.56M | 14.64M | 14.90M | 14.99M | 15.41M | 15.57M | 15.51M | 15.42M | 12.03M | 11.18M | 11.45M | 11.47M | 11.51M | 11.48M | 11.46M | 11.51M | 9.84M | 10.38M | 11.40M | 11.53M | 11.87M | 12.07M | 12.19M | 12.25M | 12.05M | 12.24M | 30.46M | 10.48M |
| Weighted Avg Shares Out (Dil) | 14.61M | 14.70M | 14.97M | 15.02M | 15.45M | 15.63M | 15.59M | 15.50M | 12.07M | 11.21M | 11.48M | 11.49M | 11.52M | 11.50M | 11.50M | 11.52M | 9.84M | 10.38M | 11.45M | 11.56M | 11.93M | 12.12M | 12.24M | 12.30M | 12.05M | 12.50M | 30.94M | 10.48M |
STOCKHOLDER ALERT: The M&A Class Action Firm Investigates the Mergers of CAC and OBDC
NEW YORK, NY / ACCESSWIRE / September 20, 2024 / Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services...
Camden National to Acquire Northway Financial for $86.6M
CAC is set to buy Northway Financial for $86.6 million in an all-stock deal. It will expand CAC's presence in New Hampshire and be accretive to earnings.
Camden National Corporation and Northway Financial, Inc. to Merge
Positions Camden National as a Premier Northern New England Bank CAMDEN, Maine and NORTH CONWAY, N.H. , Sept. 10, 2024 /PRNewswire/ -- Camden National Corporation ("Camden National") (NASDAQ: CAC), the bank holding company for Camden National Bank, and Northway Financial,...
Bears are Losing Control Over Camden National (CAC), Here's Why It's a 'Buy' Now
Camden National (CAC) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near...
Camden National Corporation (CAC) Q2 2024 Earnings Call Transcript
Camden National Corporation (NASDAQ:CAC ) Q2 2024 Earnings Conference Call July 30, 2024 3:00 PM ET Company Participants Renée Smyth - Chief Experience and Marketing Officer Simon Griffiths - President and CEO Mike Archer - EVP and CFO Conference Call...
Here's What Key Metrics Tell Us About Camden National (CAC) Q2 Earnings
While the top- and bottom-line numbers for Camden National (CAC) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street...
Camden National (CAC) Q2 Earnings and Revenues Surpass Estimates
Camden National (CAC) came out with quarterly earnings of $0.81 per share, beating the Zacks Consensus Estimate of $0.71 per share. This compares to earnings of $0.85 per share a year ago.
Camden National Corporation Reports Second Quarter 2024 Earnings of $12.0 Million and Diluted EPS of $0.81
Net Interest Margin Expands, Asset Quality Remains Strong CAMDEN, Maine , July 30, 2024 /PRNewswire/ -- Camden National Corporation (NASDAQ: CAC; "Camden National" or the "Company") today reported earnings for the quarter ended June 30, 2024 of $12.0 million and diluted...
Camden National Corporation to Announce Quarter Ended June 30, 2024 Financial Results on July 30, 2024
CAMDEN, Maine , July 5, 2024 /PRNewswire/ -- Camden National Corporation (NASDAQ: CAC) will report financial and operating results for the quarter ended June 30, 2024 on Tuesday, July 30, 2024. A conference call and webcast will be held at 3:00...
Camden National Corporation Announces its Second Quarter 2024 Dividend
CAMDEN, Maine , June 25, 2024 /PRNewswire/ -- Simon R. Griffiths, President and Chief Executive Officer of Camden National Corporation (NASDAQ: CAC; the "Company"), announced today that the board of directors of the Company declared a quarterly dividend of $0.42...
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