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Camden National Corp  (CAC)
Other Ticker:  
 
    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial
 
Price: $32.3200 $0.02 0.062%
Day's High: $32.7 Week Perf: -0.15 %
Day's Low: $ 32.32 30 Day Perf: 5.31 %
Volume (M): 26 52 Wk High: $ 39.70
Volume (M$): $ 827 52 Wk Avg: $32.56
Open: $32.47 52 Wk Low: $26.52



 Market Capitalization (Millions $) 473
 Shares Outstanding (Millions) 15
 Employees 652
 Revenues (TTM) (Millions $) 163
 Net Income (TTM) (Millions $) 44
 Cash Flow (TTM) (Millions $) 101
 Capital Exp. (TTM) (Millions $) 4

Camden National Corp

Camden National Corporation is a publicly-held bank holding company, incorporated under the laws of the State of Maine and headquartered in Camden, Maine. The Company, as a diversified financial services provider, pursues the objective of achieving long-term sustainable growth by balancing growth opportunities against profit, while mitigating risks inherent in the financial services industry. The primary business of the Company and its subsidiaries is to attract deposits from, and to extend loans to, consumer, institutional, municipal, non-profit and commercial customers. The Company offers commercial and consumer banking products and services through its subsidiary, Camden National Bank (the “Bank”), as well as brokerage and insurance services through Camden Financial Consultants (“Camden Financial”), a division of the Bank. The Banks wholly-owned subsidiary, Healthcare Professional Funding Corporation ("HPFC"), provides specialized lending to dentists, optometrists and veterinarians across the United States ("U.S."). The Company also offers investment management and fiduciary services through its subsidiary, Acadia Trust, N.A. (“Acadia Trust”), a federally-regulated, non-depository trust company headquartered in Portland, Maine. The consolidated financial statements of the Company accompanying this Form 10-K include the accounts of the Company, the Bank and its subsidiaries and division, and Acadia Trust. All inter-company accounts and transactions have been eliminated in consolidation.

The Company is committed to the philosophy of serving the financial needs of customers in local communities, as described in its core purpose: Through each interaction, we will enrich the lives of people, help businesses succeed and vitalize communities.

The financial services industry continues to experience consolidations through mergers that could create opportunities for the Company to promote its value proposition to customers. The Company evaluates the possibility of expansion into new markets through both de novo expansion and acquisitions. In addition, the Company is focused on maximizing the potential for growth in existing markets, especially in markets where the Company has less of a presence. Further details on the Companys financial information can be found within the consolidated financial statements within Item 8 of this report.

Camden National Bank. The Bank is a national banking association chartered under the laws of the United States headquartered in Camden, Maine. Originally founded in 1875, the Bank became a direct, wholly-owned subsidiary of the Company as a result of a corporate reorganization in 1984. The Bank offers its products and services across Maine, and focuses primarily on attracting deposits from the general public through its branches, and then leveraging this relationship to originate residential mortgage loans, commercial business loans, commercial real estate loans and a variety of consumer loans across New England. The Company has operations within 13 of Maines 16 counties. Customers may also access the Bank’s products and services using other channels, including the Bank’s website address. The Banks website address is www.CamdenNational.com.


Camden Financial Consultants, located at Camden National Bank. Camden Financial is a full-service brokerage and insurance division of the Bank in the business of helping clients meet all of their financial needs by using a total wealth management approach. Its financial offerings include college, retirement, and estate planning, mutual funds, strategic asset management accounts, and variable and fixed annuities.

Healthcare Professional Funding Corporation. HPFC is a wholly-owned subsidiary of the Bank and provides specialized lending to dentists, optometrists and veterinarians across the U.S. The Company acquired HPFC in connection with the SBM acquisition and The Bank of Maine.

Acadia Trust, N.A. Acadia Trust is a limited purpose national banking association chartered under the laws of the United States headquartered in Portland, Maine. Acadia Trust provides a broad range of trust, trust-related, investment and wealth management services to both individual and institutional clients. The financial services provided by Acadia Trust complement the services provided by the Bank by offering high net worth individuals, businesses and non-profit institutional customers investment management services, as well as serving as trustee. Acadia Trust’s website address is www.acadiatrust.com.



   Company Address: 2 ELM STREET CAMDEN 4843 ME
   Company Phone Number: 236-8821   Stock Exchange / Ticker: NASDAQ CAC
   


Customers Net Income grew by CAC's Customers Net Profit Margin grew to

76.24 %

15.09 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BAC   -0.83%    
C   -3.54%    
COF   -2.71%    
JPM   -0.01%    
USB   -3.42%    
WFC   -3.22%    
• View Complete Report
   



Camden National Corp

Camden National Corp Reports Positive Growth in Earnings and Revenue Throughout Fiscal Year Ending March 31, 2024

Camden National Corp, a commercial banks company, has experienced some fluctuations in its stock performance in recent times. Over the preceding 30 days, the stock price decreased by -0.97%, which may have been a cause for concern for investors. However, when compared to the previous year, the stock has shown an increase of 4.13%, indicating some positive growth.
Additionally, it is worth noting that Camden National Corp's stock is currently trading at just 19.8% above its 52-week low. This suggests that the stock is still relatively close to its lowest point over the past year.

Dividend

Camden National Corporation Declares Quarterly Dividend, Shareholders Rejoice

Published Tue, Mar 26 2024 8:15 PM UTC


In a recent press release, Simon R. Griffiths, President and Chief Executive Officer of Camden National Corporation (NASDAQ: CAC), announced that the board of directors has declared a quarterly dividend of $0.42 per share. This news comes as a welcome relief for shareholders, who have seen their investments struggle in recent months.
The impact of this dividend anno...

Camden National Corp

Camden National Corp Faces Financial Challenges as EPS Falls Sharply in Q4 2023

Financial Report: Camden National Corp Reports Declining Earnings and Revenue for Q4 2023
In its December 31, 2023 report, Camden National Corp announced disappointing financial results as both its top and bottom lines saw a decline. The company reported a significant drop in earnings per share (EPS), plummeting by -44.74% compared to the previous year. Revenue also experienced a decline of -17.651% year on year.
Specifically, revenue for the period amounted to $38.13 million, down from $46.30 million in the comparable period the previous year. EPS followed suit, decreasing from $1.05 to $0.58 in the same time-frame. This decline in profitability had an adverse impact on Camden National Corp's financial performance.

Camden National Corp

Camden National Corp Reports Alarming -30.93% Drop in EPS, Reflecting Weak Sales in Q3 2023

Camden National Corp, a commercial bank company, recently released its financial report for the third quarter of 2023. Unfortunately, the report showed a decline in both the top and bottom lines, with a significant drop in income per share and revenue compared to the previous year.
In terms of income per share, there was a staggering decrease of -30.93% from the previous year. The earnings per share (eps) were recorded at $0.67, down from $0.97 in the same period last year. This decline translates to a reduction in revenue by -15.05%, with revenue figures at $38.23 million, down from $45.00 million in the comparable period.

Camden National Corp

Camden National Corp Faces Challenging Financial Period with 5.809% Revenue Deterioration

Camden National Corp, a leading financial institution, recently reported weak financial results for the period closing on June 30, 2023. The company witnessed a decline in income by 16.67% to $0.85 per share and a decrease in revenue by 5.809% to $42.70 million compared to the previous year. Even when comparing it to the preceding period, earnings per share saw a decrease of 2.3% from $0.87 per share, while revenue showed a modest growth of 1.312% from $42.14 million.
The bottom-line of $12.389 million in the financial period ending June 30, 2023, also suffered a decline of 17.55% compared to the corresponding period a year ago when it was at $15.026 million. This demonstrates a challenging period for Camden National Corp in terms of financial performance.






 

Camden National's Segments
 
 
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Camden National does not provide revenue guidance.

Earnings Outlook
Camden National Corp does not provide earnings estimates.

 
Geographic Revenue Dispersion




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