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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 |
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Camden National Corporation (CAC) Q4 2023 Earnings Call Transcript
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CAMDEN, Maine , Jan. 3, 2024 /PRNewswire/ -- Camden National Corporation (NASDAQ: CAC) will report financial and operating results for the quarter and year ended December 31, 2023 on Tuesday, January 30, 2024. A conference call and webcast will be held at...
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