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 June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No. 0-28190 CAMDEN NATIONAL CORPORATION ( ...

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 Participants Steve Moss - Raymond James Matthew Breese - Stephen Operator Good day, and welcome to Camden National Operations Second Quarter 2024 Earnings Conference Call. My name is Lydia, and I will be your operator for today's call. [Operator Instructions] I ...

For the | --- | --- | --- | --- | --- | --- | |-------------------------------------------------------------------------------------------------------------------------------------------|-----------|-------------|-------------|----------|----------| | Investments - nontaxable(1) Loans(2): | 62,090 | | 105,355 | 3.78 % | 3.67 % | | Commercial real estate | 1,692,015 | | 1,658,219 | 5.02 % | 4.68 % | | Commercial(1) | 388,394 | | 407,288 | 6.28 % | 5.66 % | | SBA PPP | 284 | | 553 | 3.53 % | 3.35 % | | Munici ...

Net Interest Margin Expands, Asset Quality Remains Strong Asset quality through the second quarter of 2024 remained strong. We continue to review our loan portfolio and, todate, we have not identified any signs of systemic stress. On June 30, 2024, loans 30-89 days past due to total loans remained flat from March 31, 2024 at 0.05% of total loans. Annualized net charge-offs for the second quarter of 2024 increased 2 basis points from the first quarter of 2024 to 0.04% of average loans. The Company's allowanc ...

About Camden National Corporation SOURCE Camden National Corporation 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 per share. This quarterly payout results in an annualized dividend yield of 5.30% based on the June 24, 2024 closing price of the Company's common stock at $31.72 per share as repor ...

Under the current requirements, banking organizations must have a minimum total risk-based capital ratio of 8.0%, a minimum Tier 1 risk-based capital ratio of 6.0%, a minimum common equity Tier 1 risk-based capital ratio of 4.5%, and a minimum leverage ratio of 4.0% in order to be "adequately capitalized." In addition to these requirements, banking organizations must maintain a capital conservation buffer consisting of common Tier 1 equity in an amount above the minimum risk-based capital requirements for " ...

Camden National Corporation (NASDAQ:CAC) Q1 2024 Earnings Call Transcript April 30, 2024 3:00 PM ET Company Participants Renee Smyth - Chief Experience and Marketing Officer Simon Griffiths - President and CEO Mike Archer - EVP and CFO Conference Call Participants Steve Moss - Raymond James Damon DelMonte - KBW Matthew Breese - Stephens Inc. Operator Good day, and welcome to Camden National Corporation's First Quarter 2024 Earnings Conference Call. My name is Seb, and I'll be your operator for today's call. ...

Camden National (CAC) reported $41.6 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 5.8%. EPS of $0.86 for the same period compares to $0.87 a year ago.The reported revenue represents a surprise of -0.30% over the Zacks Consensus Estimate of $41.72 million. With the consensus EPS estimate being $0.72, the EPS surprise was +19.44%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stre ...

Camden National (CAC) came out with quarterly earnings of $0.86 per share, beating the Zacks Consensus Estimate of $0.72 per share. This compares to earnings of $0.87 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 19.44%. A quarter ago, it was expected that this bank would post earnings of $0.85 per share when it actually produced earnings of $0.85, delivering no surprise.Over the last four quarters, the company has surpassed ...

Asset Quality, Capital and Liquidity Remain Strong  CAMDEN, Maine, April 30, 2024 /PRNewswire/ -- Camden National Corporation (NASDAQ: CAC; "Camden National" or the "Company") today reported earnings for the first quarter ended March 31, 2024. The Company reported first quarter net income available to common shareholders of $13.3 million and earnings per diluted share ("EPS") of $0.91. The Company continues to prioritize strong asset quality within the portfolio, which allowed the Company to release $2.1 mi ...