Camden National (CAC) Lags Q2 Earnings Estimates

Group 1: Earnings Performance - Camden National reported quarterly earnings of $0.89 per share, missing the Zacks Consensus Estimate of $1.12 per share, but showing an increase from $0.81 per share a year ago, resulting in an earnings surprise of -20.54% [1] - The company posted revenues of $62.28 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 1.33%, compared to year-ago revenues of $42.83 million [2] Group 2: Stock Performance and Outlook - Camden National shares have declined approximately 3% since the beginning of the year, while the S&P 500 has gained 8.6% [3] - The current consensus EPS estimate for the upcoming quarter is $1.20 on revenues of $63.25 million, and for the current fiscal year, it is $4.33 on revenues of $249.43 million [7] Group 3: Industry Context - The Zacks Industry Rank for Banks - Northeast is currently in the top 16% of over 250 Zacks industries, indicating a favorable outlook for the sector [8] - Another bank in the same industry, Citizens & Northern, is expected to report quarterly earnings of $0.47 per share, reflecting a year-over-year change of +17.5% [9]