Camden National (CAC) - 2024 Q1 - Quarterly Results

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 ...