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Camden National Corporation

CAC

Camden National Corporation • NASDAQ
$40.44 ▼ -0.25% (-0.10)
Market Cap $684.33 M
52w High $47.66
52w Low $34.53
Dividend Yield 1.68%
P/E 11.52
Volume 31.14K
Outstanding Shares 16.92M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $92.599M ▲ $33.507M ▼ $21.194M ▲ 22.888% ▲ $1.25 ▲ $29.169M ▲
Q2-2025 $90.665M ▲ $35.871M ▼ $14.081M ▲ 15.531% ▲ $0.83 ▲ $20.549M ▲
Q1-2025 $87.901M ▲ $42.761M ▲ $7.326M ▼ 8.334% ▼ $0.43 ▼ $9.159M ▼
Q4-2024 $74.313M ▲ $27.02M ▼ $14.666M ▲ 19.735% ▲ $1.01 ▲ $19.398M ▲
Q3-2024 $73.759M $27.532M $13.073M 17.724% $0.9 $16.812M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $988.613M ▲ $6.982B ▲ $6.305B ▲ $676.444M ▲
Q2-2025 $952.523M ▼ $6.92B ▼ $6.268B ▼ $652.148M ▲
Q1-2025 $1.039B ▲ $6.965B ▲ $6.325B ▲ $640.054M ▲
Q4-2024 $792.757M ▲ $5.805B ▲ $5.274B ▲ $531.231M ▲
Q3-2024 $717.606M $5.745B $5.215B $529.9M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $21.194M ▲ $36.096M ▲ $-81.992M ▼ $30.929M ▲ $-14.967M ▲ $35.407M ▲
Q2-2025 $14.081M ▲ $6.032M ▲ $-53.218M ▼ $-58.413M ▲ $-105.599M ▼ $4.546M ▲
Q1-2025 $7.326M ▼ $1.034M ▼ $61.966M ▲ $-58.549M ▼ $4.451M ▼ $-727K ▼
Q4-2024 $14.666M ▲ $43.188M ▲ $-3.552M ▼ $35.815M ▲ $75.451M ▲ $41.156M ▲
Q3-2024 $13.073M $-14.503M $29.794M $18.661M $33.952M $-16.214M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Products And Services Brokerage and Insurance Commissions
Products And Services Brokerage and Insurance Commissions
 $0 ▲$0 ▲$0 ▲$0 ▲
Products And Services Debt Card Income
Products And Services Debt Card Income
 $10.00M ▲$0 ▼$0 ▲$0 ▲
Products And Services Deposit Accounts Service Charges
Products And Services Deposit Accounts Service Charges
 $0 ▲$0 ▲$0 ▲$0 ▲
Products And Services Fiduciary Services Income
Products And Services Fiduciary Services Income
 $0 ▲$0 ▲$0 ▲$0 ▲
Products And Services Other Income
Products And Services Other Income
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Camden National shows a pattern of steady revenue growth in recent years, with the top line moving upward after a small dip at the start of the period. That suggests the bank has been able to expand its customer base or pricing over time. Profitability, however, has been more of a mixed picture. Operating and net income were strongest a few years ago, then came under pressure, and have more recently started to recover. Earnings per share tell the same story: very solid at the peak, then weaker, now rebuilding but not yet back to the high point. Overall, the business looks consistently profitable, but margins appear to be sensitive to the rate environment and cost pressures. The trend suggests a stable franchise with earnings that can fluctuate depending on credit conditions, funding costs, and overall economic cycles.

Balance Sheet

Balance Sheet The balance sheet has grown over the past five years, with total assets gradually increasing. That reflects measured expansion in lending and banking activities rather than rapid, aggressive growth. Equity has stayed relatively stable, which points to a generally sound capital base. At the same time, borrowings have risen over the period, indicating a greater use of wholesale funding or other debt-like instruments to support growth. For a regional bank, this profile looks typical: a larger balance sheet, modestly higher leverage, and capital that appears steady. The key, not visible in this data, will be the quality of the loan book and how well risks are managed as the bank grows.

Cash Flow

Cash Flow Cash generation from operations has been positive throughout the period, which is a good sign of a business that reliably converts its banking activities into cash. Operating cash flow peaked a few years ago and has eased since, but remains healthy. Free cash flow is very close to operating cash flow, because the bank’s capital spending needs are modest. This suggests a relatively capital-light model where most cash can be directed to balance sheet growth, dividends, or other corporate priorities rather than heavy investment in physical assets. Overall, the cash flow profile is steady and conservative, in line with a traditional regional bank focused on core lending and deposit activities.

Competitive Edge

Competitive Edge Camden National competes as a classic community bank in Northern New England, now with a larger footprint following the Northway Financial acquisition. The combined branch network and local brand recognition give it strong visibility in its core markets. Its main competitive edge is relationship banking: local decision-making, personal service, and long-standing ties with individuals and small businesses. This is a notable contrast to large national banks and digital-only players, and can create customer loyalty that is hard to dislodge. That said, regional banks face ongoing pressure from bigger institutions with broader product sets and from fintechs offering slick digital experiences. The acquisition also introduces integration risk: realizing promised cost and revenue synergies without distracting management or weakening service quality will be an important test.

Innovation and R&D

Innovation and R&D Rather than heavy in-house R&D, Camden National is leaning on partnerships and modern platforms to upgrade its technology. Moving data infrastructure to the cloud and rolling out digital account opening are examples of targeted investments to improve efficiency and security. In mortgages, the adoption of a leading digital platform streamlines the entire process, making it easier and faster for both staff and customers. This could help defend market share in a highly competitive loan category. The collaboration with an AI-powered savings and charity platform is more forward-looking, aiming to differentiate the bank’s offerings and appeal to younger, digitally savvy, and socially conscious customers. Combined with programs like Hope@Home, this reinforces a brand that blends technology with community focus—though the payoff will depend on execution and customer adoption over time.

Summary

Camden National appears to be a steady, regionally focused bank that has grown its revenues and balance sheet in a controlled way. Profits remain solid but have shown sensitivity to the economic and interest rate backdrop, with earnings strongest a few years ago and now on a gradual recovery path. The balance sheet looks conservatively managed, with rising assets and stable equity, offset by greater reliance on borrowings. Cash flows are consistently positive and not weighed down by heavy capital spending, which is typical for a traditional banking model. Strategically, the bank’s strength lies in its community banking franchise in Northern New England, now reinforced by the Northway acquisition. At the same time, management is investing in digital capabilities and selective AI partnerships to stay relevant against larger banks and fintechs. Key things to watch going forward include: how well the Northway integration is executed, the impact of the interest rate and credit cycle on margins and loan quality, and whether the bank’s digital and community initiatives can continue to attract and retain customers without eroding its conservative risk profile.

NEWS

October 28, 2025 · 8:15 AM UTC

Camden National Corporation Reports Third Quarter 2025 Earnings

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October 2, 2025 · 1:06 PM UTC

Camden National Corporation to Announce Quarter Ended September 30, 2025 Financial Results on October 28, 2025

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September 30, 2025 · 4:15 PM UTC

Camden National Corporation Announces its Third Quarter 2025 Dividend

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September 12, 2025 · 11:45 AM UTC

Abivax to Join CAC Mid 60 and SBF 120 Indices Following Euronext Paris Annual Review

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September 9, 2025 · 4:10 PM UTC

Camden National Corporation Announces Succession for Chair of its Board of Directors

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