Camden National Corporation (CAC) Income Statement Analysis

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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)

Industry: Banks - Regional

Sector: Financial Services

Website: https://www.camdennational.com

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 to Announce Quarter and Year Ended December 31, 2021 Financial Results on January 25, 2022

January 11, 2022prnewswire.com

CAMDEN, Maine, Jan. 11, 2022 /PRNewswire/ -- Camden National Corporation (NASDAQ: CAC) will report financial and operating results for the quarter and year ended December 31, 2021 on Tuesday, January 25, 2022. A conference call and webcast will be held at 3:00...