CAMDEN NATIONAL CORP (CAC) Form 10-Q — Aug 6, 2026
Camden National Corporation delivered record second-quarter 2026 earnings, reporting net income of $23.0 million and diluted EPS of $1.35, a 63% increase in net income over the prior-year quarter. Six-month net income of $44.9 million ($2.64 diluted EPS) more than doubled from $21.4 million and $1.26 a year ago. Growth was driven by net interest income rising 8% to $52.9 million as net interest margin expanded 20 basis points to 3.26%, while non-interest income grew 11% to $14.5 million and the provision for credit losses fell 90% to $710,000 on minimal net charge-offs.
Key figures
- Eps
- 1.35
- Net Income
- 23021000
- Total Debt
- $571.1 million (short-term borrowings $508.4M + junior subordinated debentures $61.7M + long-term borrowings $1.0M)
- Total Assets
- 6950980000
- Cash Position
- 99900000
- Shares Outstanding
- 16897049
- Total Loans
- 5004468000
- Total Deposits
- 5555104000
- Cet1 Ratio Company
- 12.19%
- Core Nim Non Gaap Q2
- 2.97%
- Book Value Per Share
- 42.96
- Net Income Six Months
- 44904000
- Diluted Eps Six Months
- 2.64
- Net Interest Income Q2
- 52939000
- Non Interest Income Q2
- 14470000
- Shares Repurchased Q2
- 52000
- Net Charge Offs Annualized
- 0.04% of average loans
- Non Performing Loans Ratio
- 0.24% of total loans
- Return On Average Assets Q2
- 1.33%
- Return On Average Equity Q2
- 12.92%
- Efficiency Ratio Non Gaap Q2
- 53.23%
- Quarterly Dividend Per Share
- 0.42
- Tangible Book Value Per Share
- 31.64
- Provision For Credit Losses Q2
- 710000
- Nim Fully Taxable Equivalent Q2
- 3.26%
- Adjusted Net Income Q2 Prior Year
- 15194000
- Allowance For Credit Losses Ratio
- 0.91% of total loans
- Buyback Authorization Remaining
- 764869
- Estimated Effective Tax Rate2026
- 22.1%
- Purchase Accounting Accretion Q2
- 4010000
- Total Risk Based Capital Ratio Company
- 14.43%
Price after filing
Close on the filing date to close N calendar days later (from $58.71). Historical, not a forecast.
AI analysis
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