Camden National Corp. (CAC) has signed an agreement to acquire Northway Financial, Inc. ("Northway") in an all-stock transaction valued at roughly $86.6 million. Key Details of the Acquisition by Camden National Northway, founded in 1881, and based in North Conway, New Hampshire, operates with 17 full-service branches with a stable and high-quality deposit base. As of June 30, 2024, it had roughly $1.3 billion in total assets, $0.9 billion in total loans and $1 billion in deposits. Upon the closure of the t ...

Positions Camden National as a Premier Northern New England Bank CAMDEN, Maine and NORTH CONWAY, N.H., Sept. 10, 2024 /PRNewswire/ -- Camden National Corporation ("Camden National") (NASDAQ: CAC), the bank holding company for Camden National Bank, and Northway Financial, Inc. ("Northway") (OTCQB: NWYF), the parent company of Northway Bank, announced today that they have entered into a definitive agreement under which Camden National will acquire Northway in an all-stock transaction valued at approximately $ ...

A downtrend has been apparent in Camden National (CAC) lately. While the stock has lost 5% over the past week, 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 earnin ...

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. ...