Core Points - Camden National Corporation declared a quarterly dividend of $0.42 per share, resulting in an annualized dividend yield of 4.34% based on the closing price of $38.72 per share on September 29, 2025 [1] - The dividend is payable on October 31, 2025, to shareholders of record as of October 15, 2025 [1] Company Overview - Camden National Corporation is the largest publicly traded bank holding company in Northern New England, with approximately $6.9 billion in assets [2] - The company operates 72 banking centers in Maine and New Hampshire, providing full-service community banking and digital banking services [2] Wealth Management Services - Camden National Corporation offers comprehensive wealth management, investment, and financial planning services through Camden National Wealth Management [3]

Core Insights - Camden National Corporation reported a net income of $14.1 million and diluted EPS of $0.83 for Q2 2025, marking increases of 92% and 93% respectively compared to Q1 2025 [1][22]. Financial Performance - The company achieved a pre-tax, pre-provision income increase of 13% over the prior quarter, reflecting successful cost synergies and revenue growth post the Northway Financial acquisition [2]. - Net interest income for Q2 2025 was $49.2 million, a 1% increase from Q1 2025, driven by net interest margin expansion [10][26]. - Non-interest income rose to $13.1 million, a 17% increase compared to Q1 2025, attributed to higher mortgage banking income and debit card income [12][26]. - Non-interest expenses decreased by 15% to $37.6 million, primarily due to reduced merger-related costs [13][26]. Financial Condition - As of June 30, 2025, total assets were $6.9 billion, a 1% decrease from March 31, 2025 [4][23]. - Total loans increased by 1% to $4.9 billion, with growth across all segments except residential loans, where 39% of production was sold [5][23]. - The allowance for credit losses on loans was 1.08%, up 12 basis points from the previous quarter, influenced by a commercial loan bankruptcy [6][23]. - Total deposits were $5.5 billion, a 1% decrease since March 31, 2025, with a loan-to-deposit ratio of 89% [7][23]. Capital Ratios - The common equity Tier 1 risk-based capital ratio was 10.88%, and the total risk-based capital ratio was 13.35%, both well above regulatory requirements [8][23]. Shareholder Returns - A cash dividend of $0.42 per share was announced, yielding an annualized dividend yield of 4.14% based on the closing share price of $40.58 [9][22]. Asset Quality - Non-performing loans increased to 0.37% of total loans, with loans 30-89 days past due at 0.08% [6][22]. - Annualized net charge-offs for Q2 2025 were 0.02% of average loans [12][22]. Book Value - Book value per share was $38.54, with tangible book value per share at $26.90, reflecting increases of 2% and 3% respectively [14][22].

Core Insights - LPL Financial LLC has welcomed Loomis Wealth Management, which manages approximately $180 million in advisory, brokerage, and retirement plan assets, to its platforms [1][6][8] Group 1: Company Overview - Loomis Wealth Management was founded in 2010 by Bill and Curt Loomis, focusing on comprehensive, fiduciary-driven wealth management [2] - The team has a combined six decades of experience in the financial industry and is known for a holistic approach to wealth management in the Shenandoah Valley [2] - Justin K. Hitt joined the team in 2023, bringing a decade of educational experience before transitioning to finance [2] Group 2: Client Engagement and Services - The Loomis Wealth Management team emphasizes understanding clients' lifestyles, families, and financial aspirations to tailor investment portfolios [3] - They offer a full range of services including investment management, financial planning, and risk management [2][3] Group 3: Partnership with LPL Financial - The team sought to join LPL for greater autonomy, improved technology, and an enhanced client experience [3][4] - LPL Financial is recognized for its investment in resources that support advisors in delivering superior client experiences [4] - LPL supports nearly 29,000 financial advisors and manages approximately $1.8 trillion in brokerage and advisory assets [6]