Reports Fourth Quarter 2023 Net Income of $8.5 million and Diluted EPS of $0.58;Capital and Asset Quality Remain Strong at Year End CAMDEN, Maine, Jan. 30, 2024 /PRNewswire/ -- Camden National Corporation (NASDAQ: CAC; "Camden National" or the "Company"), a $5.7 billion bank holding company headquartered in Camden, Maine, reported net income of $8.5 million and diluted earnings per share ("EPS") of $0.58 for the fourth quarter of 2023, both decreases of 13% compared to the third quarter of 2023. Throughout ...

Derivatives Designated as Hedging Instruments - Hedges of Interest Rate Risk Changes in the fair value of the derivatives and changes in the fair value of the hedged item due to changes in the hedged risk are recognized in earnings in the same line item. If a hedge is terminated, but the hedged item was not derecognized, all remaining adjustments to the carrying amount of the hedged item are amortized over a period that is consistent with the amortization of other discounts or premiums associated with the h ...

Camden National Corporation (NASDAQ:CAC) Q3 2023 Earnings Conference Call October 31, 2023 3:00 PM ET Company Participants Greg Dufour - President and CEO Mike Archer - Executive Vice President and CFO Conference Call Participants Steve Moss - Raymond James Damon DelMonte - KBW Operator Good day. And welcome to Camden National Corporation’s Third Quarter 2023 Earnings Conference Call. My name is Hannah, and I will be your operator for today’s call. All participants will be in a listen-only mode during today ...

The accompanying unaudited consolidated interim financial statements were prepared in accordance with instructions for Form 10-Q and, therefore, do not include all disclosures required by accounting principles generally accepted in the United States of America for complete presentation of financial statements. In the opinion of management, the consolidated financial statements contain all adjustments (consisting only of normal recurring accruals) necessary to present fairly the consolidated statements of co ...

Camden National Corporation (NASDAQ:CAC) Q2 2023 Earnings Conference Call July 25, 2023 3:00 PM ET Company Participants Greg Dufour - President and Chief Executive Officer Mike Archer - Executive Vice President and Chief Financial Officer Conference Call Participants Steve Moss - Raymond James Damon DelMonte - KBW Matthew Breese - Stephens Operator Good day and welcome to Camden National Corporation’s Second Quarter 2023 Earnings Conference Call. My name is Emily and I’ll be your operator for today’s call. ...

69 The following table sets forth the composition of our loan portfolio as of the dates indicated: | --- | --- | --- | --- | --- | |----------------------------------------------------------------------------------|-------|------------------|-------|---------------------| | (Dollars in thousands) | | March 31, 2023 | | December 31, 2022 | | Non-accrual loans: | | | | | | Commercial real estate - non-owner-occupied | $ | 10 | $ | 11 | | Commercial real estate - owner-occupied | | 47 | | 46 | | Commercial | | ...

Camden National Corporation (NASDAQ:CAC) Q1 2023 Earnings Conference Call April 25, 2023 3:00 PM ET Company Participants Greg Dufour - President and Chief Executive Officer Mike Archer - Executive Vice President and Chief Financial Officer Conference Call Participants Steve Moss - Raymond James Damon DelMonte - KBW Matthew Breese - Stephens Operator Good day, and welcome to Camden National Corporation’s First Quarter 2023 Earnings Conference Call. My name is Danielle, and I will be your operator for today’s ...

17 Credit Risk and Lending Business Risk Our loans are concentrated in certain areas of Maine and adverse conditions in those markets could adversely af ect our operations. We primarily serve individuals and businesses located in the state of Maine, with 70% of our loan portfolio concentrated among borrowers in Maine as of December 31, 2022, with higher concentrations of exposure in Cumberland, Kennebec, Knox and York counties. Further, because a substantial portion of the loan portfolio is secured by real ...

Camden National Corporation (NASDAQ:CAC) Q4 2022 Results Conference Call January 31, 2023 3:00 PM ET Company Participants Greg Dufour - 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 2022 Earnings Conference Call. My name is [Fouram] and I will be your operator for today's call. [Operator Instructions] Please note that this pr ...

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, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No. 0-28190 CAMDEN NATIONAL CORPORAT ...