Asset Quality, Capital and Liquidity Remain Strong • Our return on average assets was 0.93%, and our adjusted return on average assets (non-GAAP) was 0.88% for the first quarter of 2024. • Our return on average equity was 10.77%, and adjusted return on average equity (non-GAAP) was 10.19%, and on a non-GAAP basis, our return on average tangible equity was 13.46% and adjusted return on average tangible equity was 12.74%. • Our asset quality continues to be very strong, highlighted by loans 30-89 days past du ...

CAMDEN, Maine, April 1, 2024 /PRNewswire/ -- Camden National Corporation (NASDAQ: CAC) will report financial and operating results for the quarter ended March 31, 2024 on Tuesday, April 30, 2024. A conference call and webcast will be held at 3:00 p.m. Eastern on Tuesday, April 30, 2024 hosted by Simon Griffiths, President and Chief Executive Officer and Michael Archer, Executive Vice President, Chief Financial Officer. Parties interested in listening to the teleconference should dial into the call or connec ...

Here are three stocks with buy rank and strong value characteristics for investors to consider today, March 11th:Camden National Corporation (CAC) : This bank holding company for Camden National Bank carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.4% over the last 60 days.Camden has a price-to-earnings ratio (P/E) of 10.62, compared with 21.63 for S&P 500. The company possesses a Value Score of B.Stifel Financial Corp. (SF) : Th ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------------|--------------------------|-------|-----------------------|-------|-----------------------|-------|----------|-------------------------|---------------------------|----------|-------------------|----------|-----------------|-------|-------------------------------| | (Dollars in thousands) \nMunicipal bonds | # of Securities \n55 | $ | Fair Value \n63,159 | \n $ | Bo ...

Camden National Corp. (CAC) is well-poised for growth on the back of earnings growth potential and revenue strength. Hence, buying the stock now seems to be a good investment decision. The Zacks Consensus Estimate for CAC’s 2024 earnings has remained unchanged, whereas 2025 earnings have been revised upward by 10.3% over the past 30 days. This indicates that analysts are optimistic regarding the company’s growth prospects. The company currently sports a Zacks Rank #1 (Strong Buy).Over the past six months, i ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tri ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a variety of methods, incl ...

Camden National (CAC) has been on a downward spiral lately with significant selling pressure. After declining 10.7% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier.Guide to Identifying Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a sto ...

Camden National Corporation (NASDAQ:CAC) Q4 2023 Earnings Conference Call January 30, 2024 3:00 PM ET Company Participants 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 Fourth Quarter 2023 Earnings Conference Call. My name is Cole, and I'll be the operator for today's call. [Operator Instructions]. Please note that this pr ...

Camden National (CAC) reported $38.7 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 17.3%. EPS of $0.85 for the same period compares to $1.05 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $42.75 million, representing a surprise of -9.49%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.85.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Str ...