CAMDEN NATIONAL CORP (CAC) Form 10-Q — Nov 5, 2026
Camden National Corporation reported Q3 2026 net income of $22.8 million, or diluted EPS of $1.34, up from $21.2 million and $1.25 in the prior-year quarter. Net interest margin expanded 25 basis points to 3.41% on lower funding costs, while total deposits grew $294 million (5%) in the quarter and core deposits rose 7% to 88% of the total. For the first nine months of 2026, the company posted record net income of $67.7 million ($3.98 diluted EPS) versus $42.6 million ($2.51) a year earlier, helped by an $84% drop in provision for credit losses and the absence of Northway merger costs.
Key figures
- Eps
- 1.34
- Revenue
- 0
- Net Income
- 22821000
- Total Debt
- 0
- Total Assets
- 7053049000
- Cash Position
- 248570000
- Shares Outstanding
- 16892344
- Cet1 ratio
- 12.53%
- Total loans
- $5.0 billion
- Core nim FTE
- 3.10%
- Total deposits
- $5.85 billion
- Q3 2026 net income
- $22.8 million
- Q3 2026 diluted eps
- $1.34
- Loan to deposit ratio
- 86%
- Nine month net income
- $67.7 million
- Nine month diluted eps
- $3.98
- Net interest margin FTE
- 3.41%
- Efficiency ratio non GAAP
- 52.44%
- Nonperforming loans ratio
- 0.16%
- Tangible book value per share
- $31.40
- Total risk based capital ratio
- 14.82%
- Buyback authorization remaining
- 764,869 shares
- Dividends declared per share q3
- $0.42
AI analysis
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