Camden National (CAC) - 2024 Q2 - Quarterly Results

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 ...