See more : Rivera (Holdings) Limited (0281.HK) Income Statement Analysis – Financial Results
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 |
Camden National Corporation Announces its Fourth Quarter 2023 Dividend
CAMDEN, Maine , Dec. 19, 2023 /PRNewswire/ -- Gregory A. Dufour, 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 per...
Camden National Bank Names New Chief Credit Officer
CAMDEN, Maine , Dec. 14, 2023 /PRNewswire/ -- Camden National Bank announced today that Ryan Smith, an executive vice president who has been with the bank since 2012, has assumed the role of chief credit officer. Smith succeeded Timothy Nightingale, Camden...
Camden National Corporation (CAC) Q3 2023 Earnings Call Transcript
Camden National Corporation (NASDAQ:CAC ) Q3 2023 Earnings Conference Call October 31, 2023 3:00 PM ET Company Participants Greg Dufour - President and CEO Mike Archer - Executive Vice President and CFO Conference Call Participants Steve Moss - Raymond James...
Camden National (CAC) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
Although the revenue and EPS for Camden National (CAC) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago...
CAMDEN NATIONAL CORPORATION REPORTS THIRD QUARTER 2023 FINANCIAL RESULTS
Reports Third Quarter 2023 Net Income of $9.8 million and Diluted EPS of $0.67 CAMDEN, Maine , Oct. 31, 2023 /PRNewswire/ -- Camden National Corporation (NASDAQ: CAC; "Camden National" or the "Company"), a $5.8 billion bank holding company headquartered in...
Consider Camden National (CAC) Stock for 6% Dividend Yield
With a 6% dividend yield, Camden National (CAC) is a solid dividend-yielding stock that investors should consider buying amid macroeconomic uncertainty.
Camden National Corporation to Announce Quarter Ended September 30, 2023 Financial Results on October 31, 2023
CAMDEN, Maine , Oct. 2, 2023 /PRNewswire/ -- Camden National Corporation (NASDAQ: CAC) will report financial and operating results for the quarter ended September 30, 2023 on Tuesday, October 31, 2023. A conference call and webcast will be held at 3:00 p.m.
Camden National Corporation Announces its Third Quarter 2023 Dividend
CAMDEN, Maine , Sept. 26, 2023 /PRNewswire/ -- Gregory A.
Camden National: Attractively Valued But Margin Is A Cause For Concern
After a disappointing first half of the year, I've decided to reduce the margin estimate for 2023. I'm now expecting earnings to dip by 19% YoY in 2023. Previously I was expecting a dip of 1%. Camden National is offering...
Camden National Corporation Appoints Simon Griffiths as Successor to CEO
Griffiths to take helm at yearend as Greg Dufour retires after nearly two decades as President and CEO CAMDEN, Maine , Aug. 21, 2023 /PRNewswire/ -- The Board of Directors of Camden National Corporation (NASDAQ: CAC) and its wholly owned...
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