Core Viewpoint - Camden National (CAC) has consistently beaten earnings estimates and is well-positioned for future earnings surprises, particularly with a positive Earnings ESP and a strong Zacks Rank [1][3][6]. Earnings Performance - For the last reported quarter, Camden National achieved earnings of $0.94 per share, exceeding the Zacks Consensus Estimate of $0.83 per share, resulting in a surprise of 13.25% [2]. - In the previous quarter, the company was expected to earn $0.71 per share but delivered $0.81 per share, leading to a surprise of 14.08% [2]. Earnings Estimates - Recent estimates for Camden National have been increasing, indicating a bullish outlook on the company's earnings prospects [3]. - The current Earnings ESP for Camden National is +0.57%, suggesting analysts have become more optimistic about the company's upcoming earnings [6]. Predictive Metrics - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [4]. - The combination of Camden National's positive Earnings ESP and Zacks Rank 1 (Strong Buy) indicates a high likelihood of another earnings beat [6]. Importance of Earnings ESP - The Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [5]. - A negative Earnings ESP does not necessarily indicate an earnings miss, but it reduces predictive power [6].

Company Overview - Camden National Corporation (NASDAQ: CAC) is the largest publicly traded bank holding company in Northern New England, with total assets of $7.0 billion [3] - The company operates 73 branches in Maine and New Hampshire, providing full-service community banking and digital banking services [3] - Camden National Bank was founded in 1875 and is recognized for its personalized service [3] Upcoming Financial Results - Camden National Corporation will report its financial and operating results for the quarter and year ended December 31, 2024, on January 28, 2025 [1] - A conference call and webcast will be hosted by Simon Griffiths, President and CEO, and Michael Archer, Executive Vice President and CFO, at 3:00 p.m. Eastern on the same day [1] Conference Call Participation - Interested parties can join the teleconference by dialing in or connecting to the webcast 10-15 minutes prior to the start [2] - Domestic dial-in number is (833) 470-1428, and international dial-in number is (929) 526-1599, with a participant access code of 416800 [2] - The live webcast URL is available at Camden National Corporation's website, and a transcript and replay will be accessible post-conference [2] Wealth Management Services - Camden National Corporation offers comprehensive wealth management, investment, and financial planning services through Camden National Wealth Management [4] - The total assets and branch data reflect the completion of the merger with Northway Financial, Inc., which was announced previously [4]

Group 1: Stock Performance and Market Sentiment - Camden National (CAC) has experienced a downtrend with a 9.6% decline over the past four weeks due to excessive selling pressure [1] - The stock is currently in oversold territory, indicated by an RSI reading of 26.37, suggesting that heavy selling may be exhausting itself [5] - Wall Street analysts are optimistic about CAC's earnings potential, with a consensus EPS estimate increase of 5% over the last 30 days [6] Group 2: Technical Analysis and Indicators - The Relative Strength Index (RSI) is a key technical indicator used to identify oversold stocks, with readings below 30 typically indicating oversold conditions [2] - RSI helps investors identify potential price reversals, allowing them to seek entry opportunities when a stock is undervalued due to unwarranted selling [3] - While RSI is a useful tool, it has limitations and should not be the sole basis for investment decisions [4] Group 3: Analyst Ratings and Future Outlook - CAC holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [7] - The upward trend in earnings estimate revisions is generally associated with price appreciation in the near term, reinforcing the potential for a stock turnaround [6]

Core Points - Camden National Corporation has successfully completed its merger with Northway Financial, Inc., creating a combined institution with total assets of approximately $7.0 billion and 73 branches in Maine and New Hampshire [1][2][7] - The merger was an all-stock transaction, with Northway shareholders receiving 0.83 shares of Camden National common stock for each share of Northway common stock [3] - Camden National has appointed Larry K. Haynes to its Board of Directors, who brings extensive experience and knowledge of the New Hampshire market [4][5] Company Overview - Camden National Corporation is the largest publicly traded bank holding company in Northern New England, founded in 1875, and offers a full range of banking services [7] - The bank emphasizes exceptional customer service and aims to deepen customer relationships through advice-based conversations [2] - Camden National Wealth Management provides comprehensive wealth management, investment, and financial planning services [8]

CAMDEN, Maine, Dec. 20, 2024 /PRNewswire/ -- Camden National Corporation ("Camden National") (NASDAQ: CAC), the bank holding company for Camden National Bank, announced today that it had received all necessary regulatory approvals to complete its previously announced proposed merger with Northway Financial, Inc. ("Northway") (OTCQB: NWYF), the parent company of Northway Bank. The transaction is expected to close on or about January 2, 2025, pending satisfaction of customary closing conditions."We are please ...

CAMDEN, Maine, Dec. 17, 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 per share. This quarterly payout results in an annualized dividend yield of 3.66% based on the December 16, 2024 closing price of the Company's common stock at $45.91 per share as reported by NASDAQ. The dividend is payable on January 31, 2025 to sha ...

A downtrend has been apparent in Camden National (CAC) lately. While the stock has lost 6.6% over the past two weeks, it could witness a trend reversal as a hammer chart pattern was formed in its last trading session. This could mean that the bulls have been able to counteract the bears to help the stock find support.While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts about the future ...

Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, without par value CAC The NASDAQ Stock Market LLC UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No. 001-13227 CAMDEN NATIONAL CORPOR ...

Camden National Corporation (NASDAQ:CAC) Q3 2024 Earnings Conference Call October 29, 2024 3:00 PM ET Company Participants Renée Smyth - EVP, Chief Experience and Marketing Officer Simon Griffiths - President and CEO Mike Archer - EVP, CFO Conference Call Participants Steve Moss - Raymond James Damon DelMonte - KBW David Mirochnick - Stephens Operator Good day. And welcome to Camden National Corporation's Third Quarter 2024 Earnings Conference Call. My name is Lydia, and I will be your operator for today's ...

Camden National (CAC) reported $44.99 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 19.5%. EPS of $0.94 for the same period compares to $0.96 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $43.9 million, representing a surprise of +2.49%. The company delivered an EPS surprise of +13.25%, with the consensus EPS estimate being $0.83. While investors scrutinize revenue and earnings changes year-over-year and how they compare wit ...