Camden National (CAC) Tops Q4 Earnings and Revenue Estimates

Core Viewpoint - Camden National (CAC) reported quarterly earnings of $1.03 per share, exceeding the Zacks Consensus Estimate of$0.89 per share, and showing an increase from $0.85 per share a year ago, indicating a strong performance in the recent quarter [1][2]. Financial Performance - The company achieved revenues of$47.58 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 5.16% and up from $38.7 million year-over-year [2]. - Over the last four quarters, Camden National has consistently exceeded consensus EPS estimates, achieving this four times [2]. Stock Performance - Camden National shares have increased approximately 4$0.90, with projected revenues of $51.1 million, and for the current fiscal year, the EPS estimate is$4.16 on revenues of $238.09 million [7]. - The trend of estimate revisions for Camden National is favorable, which is a positive indicator for future stock performance [6]. Industry Context - The Banks - Northeast industry, to which Camden National belongs, is currently ranked in the top 9% of over 250 Zacks industries, suggesting a strong overall industry performance [8].