NASDAQ : CAC
Camden National Corporation — Financial statements
Financials · Banks - Regional · United States
Last price 58.54 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 989.21M
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 273.08M | 273.13M | 214.65M | 195.38M | 144.71M | 125.44M |
| Interest Income on Investments | 46.84M | 47.53M | 34.91M | 30.87M | 28.08M | 23.05M |
| Total Interest Income | 319.92M | 320.65M | 249.56M | 226.25M | 172.79M | 148.48M |
| Interest Paid on Deposits | 90.02M | 97.29M | 95.81M | 78.88M | 20.30M | 7.92M |
| Interest Paid on Borrowings | 15.27M | 20.11M | 21.30M | 15.10M | 4.79M | 3.13M |
| Total Interest Expense | 105.29M | 117.40M | 117.10M | 93.98M | 25.09M | 11.05M |
| Net Interest Income | 214.63M | 203.26M | 132.45M | 132.26M | 147.69M | 137.44M |
| Trust Income | 8.24M | 7.63M | 7.27M | 6.67M | 6.41M | 6.52M |
| Mortgage Banking Activities | 3.52M | 3.52M | 3.23M | 2.92M | 4.22M | 13.71M |
| Gain (Loss) on Sale of Investments | -10.31M | -912.00K | ||||
| Other Non-Interest Income | 32.00M | 31.52M | 25.59M | 23.91M | 23.40M | 22.89M |
| Total Non-Interest Income | 53.83M | 52.52M | 44.54M | 31.03M | 40.70M | 49.74M |
| Revenues Before Loan Losses | 268.46M | 255.78M | 176.99M | 163.30M | 188.40M | 187.17M |
| Provision for Loan Losses | 6.12M | 22.29M | -404.00K | 2.10M | 4.50M | -3.19M |
| Revenue | 262.34M | 233.49M | 177.40M | 161.20M | 183.90M | 190.36M |
| Salaries and Employee Benefits | 77.31M | 76.38M | 61.17M | 57.22M | 59.47M | 58.63M |
| Occupancy Expenses | 8.81M | 8.60M | 6.33M | 6.14M | 6.09M | 6.06M |
| Federal Deposit Insurance | 3.80M | 4.28M | 3.26M | 3.41M | 2.34M | 2.07M |
| Amortization of Goodwill & Intangibles | 5.54M | 5.89M | 556.00K | 592.00K | 625.00K | 655.00K |
| Selling, General & Administrative | 29.12M | 28.39M | 22.43M | 22.22M | 21.16M | 19.79M |
| Other Non-Interest Expense | 22.76M | 21.73M | 16.83M | 17.73M | 17.14M | 16.61M |
| Total Non-Interest Expense | 147.38M | 145.55M | 110.78M | 107.36M | 106.85M | 103.72M |
| EBT Excluding Unusual Items | 114.96M | 87.94M | 66.62M | 53.84M | 77.05M | 86.64M |
| Asset Writedown | -1.00K | |||||
| Pretax Income | 114.92M | 78.66M | 65.46M | 53.84M | 77.05M | 86.64M |
| Income Tax Expense | 24.64M | 13.49M | 12.46M | 10.45M | 15.61M | 17.63M |
| Net Income | 90.28M | 65.16M | 53.00M | 43.38M | 61.44M | 69.01M |
| Preferred Dividends & Other Adjustments | 12.00K | 53.00K | 162.00K | 190.00K | ||
| Net Income to Common | 90.28M | 65.16M | 52.99M | 43.33M | 61.28M | 68.82M |
| Basic Shares Outstanding | 16.89M | 16.90M | 14.58M | 14.56M | 14.64M | 14.90M |
| Diluted Shares Outstanding | 17.01M | 16.98M | 14.63M | 14.61M | 14.70M | 14.97M |
| EPS (Basic) | 5.35 | 3.86 | 3.63 | 2.98 | 4.18 | 4.62 |
| EPS (Diluted) | 5.31 | 3.84 | 3.62 | 2.97 | 4.17 | 4.60 |
| Dividend Per Share | 1.68 | 1.68 | 1.68 | 1.68 | 1.62 | 1.48 |
| Effective Tax Rate | 21.44% | 17.16% | 19.03% | 19.42% | 20.26% | 20.34% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 248.57M | 97.49M | 214.96M | 99.80M | 75.43M | 220.62M |
| Investment Securities | 15.26M | 108.22M | 104.45M | 109.02M | 157.97M | 149.67M |
| Trading Asset Securities | 5.12M | 23.45M | 31.27M | 27.82M | 31.99M | 29.77M |
| Mortgage-Backed Securities | 1.31B | 1.31B | 1.01B | 1.06B | 1.09B | 1.36B |
| Total Investments | 1.33B | 1.44B | 1.14B | 1.20B | 1.28B | 1.54B |
| Gross Loans | 5.00B | 5.04B | 4.12B | 4.10B | 4.01B | 3.43B |
| Allowance for Loan Losses | -46.22M | -45.28M | -35.73M | -36.94M | -36.92M | -33.26M |
| Other Adjustments to Gross Loans | -79.75M | -79.00K | -168.00K | -313.00K | -593.00K | |
| Net Loans | 4.96B | 4.92B | 4.08B | 4.06B | 3.97B | 3.40B |
| Property, Plant & Equipment | 73.08M | 53.75M | 50.80M | 52.83M | 55.15M | |
| Goodwill | 151.50M | 94.70M | 94.70M | 94.70M | 94.70M | |
| Other Intangible Assets | 190.02M | 43.98M | 1.22M | -1.23M | 1.86M | 2.59M |
| Loans Held for Sale | 6.36M | 15.04M | 11.05M | 10.32M | 5.20M | 5.82M |
| Accrued Interest Receivable | 20.00M | 16.00M | 14.40M | 13.90M | 11.21M | |
| Long-Term Deferred Tax Assets | 51.08M | 40.04M | 42.23M | 50.22M | 19.21M | |
| Other Real Estate Owned & Foreclosed | 165.00K | |||||
| Other Long-Term Assets | 319.19M | 144.25M | 133.96M | 132.41M | 121.15M | 149.22M |
| Total Assets | 7.05B | 6.97B | 5.81B | 5.71B | 5.67B | 5.50B |
| Accrued Expenses | 459.00K | 289.00K | 588.00K | 633.00K | 554.00K | |
| Interest Bearing Deposits | 4.67B | 4.27B | 3.60B | 3.46B | 3.60B | 3.25B |
| Institutional Deposits | 151.80M | 109.70M | 167.20M | 84.50M | 80.70M | |
| Non-Interest Bearing Deposits | 1.18B | 1.11B | 925.57M | 967.75M | 1.14B | 1.28B |
| Total Deposits | 5.85B | 5.54B | 4.63B | 4.60B | 4.83B | 4.61B |
| Short-Term Borrowings | 311.69M | 593.89M | 512.70M | 499.88M | 285.63M | 231.19M |
| Current Portion of Leases | 2.50M | |||||
| Accrued Interest Payable | 105.22M | 39.34M | 47.83M | 26.15M | 26.50M | |
| Other Current Liabilities | 27.00K | 24.00K | ||||
| Long-Term Debt | 7.87M | |||||
| Federal Home Loan Bank Debt, Long-Term | 1.00M | 1.00M | ||||
| Long-Term Leases | 18.47M | 15.50M | 14.43M | 15.33M | 15.76M | |
| Trust Preferred Securities | 61.74M | 61.52M | 44.33M | 44.33M | 44.33M | 44.33M |
| Pension & Post-Retirement Benefits | 16.58M | 17.26M | 18.70M | 18.30M | 20.78M | |
| Other Long-Term Liabilities | 3.42M | 6.46M | 2.81M | 44.15M | 3.27M | 3.19M |
| Total Liabilities | 6.33B | 6.28B | 5.27B | 5.22B | 5.22B | 4.96B |
| Common Stock | 213.79M | 215.80M | 116.42M | 115.60M | 115.07M | 123.11M |
| Retained Earnings | 591.51M | 545.15M | 509.45M | 481.01M | 462.16M | 424.41M |
| Comprehensive Income & Other | -84.66M | -64.39M | -94.65M | -101.55M | -125.95M | -6.23M |
| Shareholders' Equity | 720.64M | 696.56M | 531.23M | 495.06M | 451.28M | 541.29M |
| Total Liabilities & Equity | 7.05B | 6.97B | 5.81B | 5.71B | 5.67B | 5.50B |
| Total Debt | 374.43M | 677.38M | 572.53M | 558.64M | 345.29M | 299.15M |
| Net Cash (Debt) | -120.74M | -556.44M | -326.30M | -431.02M | -237.88M | -48.75M |
| Net Cash Per Share | -7.10 | -32.78 | -22.30 | -29.50 | -16.18 | -3.26 |
| Filing Date Shares Outstanding | 16.90M | 16.93M | 16.86M | 14.57M | 14.57M | 14.74M |
| Total Common Shares Outstanding | 16.90M | 16.92M | 14.58M | 14.57M | 14.57M | 14.74M |
| Book Value Per Share | 42.65 | 41.16 | 36.44 | 33.99 | 30.98 | 36.72 |
| Tangible Book Value | 530.62M | 501.07M | 435.32M | 401.60M | 354.72M | 444.01M |
| Tangible Book Value Per Share | 31.40 | 29.61 | 29.86 | 27.57 | 24.35 | 30.12 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 65.16M | 53.00M | 43.38M | 61.44M | 69.01M | |
| Depreciation & Amortization | 10.62M | 3.76M | 4.11M | 3.98M | 4.79M | |
| Other Amortization | 935.00K | 447.00K | 239.00K | 134.00K | 91.00K | |
| Gain (Loss) on Sale of Assets | -675.00K | -204.00K | ||||
| Gain (Loss) on Sale of Investments | 1.78M | 1.78M | 12.62M | 4.74M | 6.72M | |
| Provision for Credit Losses | 22.29M | -404.00K | 2.10M | 4.50M | -3.19M | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | -1.31M | 1.46M | -3.24M | 3.93M | 47.98M | |
| Change in Other Net Operating Assets | -4.97M | 2.56M | -3.66M | -5.83M | 3.35M | |
| Other Operating Activities | -30.60M | -2.34M | 10.82M | 33.34M | 24.85M | |
| Operating Cash Flow | 63.91M | 60.93M | 67.51M | 105.18M | 142.72M | |
| Capital Expenditures | -5.71M | -5.58M | -2.62M | -2.18M | -1.85M | |
| Sale of Property, Plant and Equipment | 3.19M | 466.00K | ||||
| Cash Acquisitions | 48.26M | |||||
| Investment in Securities | -31.37M | 62.67M | 88.00M | 95.50M | -437.22M | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -69.38M | -19.64M | -89.73M | -579.36M | -211.75M | |
| Other Investing Activities | -1.40M | -7.12M | -2.68M | -2.43M | 1.26M | |
| Investing Cash Flow | -56.41M | 30.33M | -7.03M | -487.72M | -649.09M | |
| Short-Term Debt Issued | 15.66M | 150.01M | 85.43M | 53.57M | 49.17M | |
| Long-Term Debt Issued | 1.00M | 225.00M | 135.00M | |||
| Total Debt Issued | 16.66M | 375.01M | 220.43M | 53.57M | 49.17M | |
| Long-Term Debt Repaid | -45.34M | -360.29M | -168.00K | -160.00K | -40.15M | |
| Total Debt Repaid | -45.34M | -360.29M | -168.00K | -160.00K | -40.15M | |
| Net Debt Issued (Repaid) | -28.68M | 14.73M | 220.26M | 53.41M | 9.02M | |
| Repurchase of Common Stock | -537.00K | -1.83M | -2.26M | -10.60M | -10.35M | |
| Common Dividends Paid | -28.47M | -24.56M | -24.54M | -23.51M | -21.08M | |
| Net Increase (Decrease) in Deposit Accounts | -67.28M | 35.81M | -229.57M | 218.04M | 603.64M | |
| Other Financing Activities | -246.00K | |||||
| Financing Cash Flow | -124.97M | 23.90M | -36.10M | 237.34M | 581.23M | |
| Net Cash Flow | -117.47M | 115.16M | 24.38M | -145.20M | 74.85M | |
| Free Cash Flow | 58.20M | 55.36M | 64.89M | 103.00M | 140.86M | |
| Free Cash Flow Margin | 24.93% | 31.20% | 40.25% | 56.01% | 74.00% | |
| Free Cash Flow Per Share | 3.43 | 3.78 | 4.44 | 7.01 | 9.41 | |
| Cash Interest Paid | 117.08M | 116.72M | 92.35M | 24.55M | 11.19M | |
| Cash Income Tax Paid | 6.15M | 8.82M | 11.15M | 13.24M | 18.50M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 995.80M | 734.09M | 623.03M | 547.82M | 607.23M | 715.14M |
| Last Close Price | 58.93 | 41.97 | 39.66 | 33.29 | 35.05 | 39.08 |
| PE Ratio | 11.10 | 11.27 | 11.76 | 12.64 | 9.91 | 10.39 |
| PS Ratio | 3.80 | 3.14 | 3.51 | 3.40 | 3.30 | 3.76 |
| PB Ratio | 1.38 | 1.05 | 1.17 | 1.11 | 1.35 | 1.32 |
| P/FCF Ratio | 9.71 | 12.61 | 11.26 | 8.44 | 5.89 | 5.08 |
| P/OCF Ratio | 9.22 | 11.49 | 10.22 | 8.12 | 5.77 | 5.01 |
| Debt / Equity Ratio | 0.52 | 0.97 | 1.08 | 1.13 | 0.77 | 0.55 |
| Debt / FCF Ratio | 11.64 | 10.34 | 8.61 | 3.35 | 2.12 | |
| Net Debt / Equity Ratio | 0.17 | 0.80 | 0.61 | 0.87 | 0.53 | 0.09 |
| Net Debt / FCF Ratio | 9.56 | 5.89 | 6.64 | 2.31 | 0.35 | |
| Return on Equity (ROE) | 12.93% | 10.61% | 10.33% | 9.17% | 12.38% | 12.89% |
| Return on Assets (ROA) | 1.29% | 1.02% | 0.92% | 0.76% | 1.10% | 1.33% |
| Earnings Yield | 9.01% | 8.88% | 8.51% | 7.92% | 10.12% | 9.65% |
| FCF Yield | 10.30% | 7.93% | 8.88% | 11.84% | 16.96% | 19.70% |
| Dividend Yield | 2.85% | 3.87% | 3.93% | 4.47% | 3.89% | 3.05% |
| Payout Ratio | 31.64% | 43.70% | 46.33% | 56.56% | 38.27% | 30.55% |
| Buyback Yield / Dilution | -3.88% | -16.01% | -0.17% | 0.62% | 1.81% | 0.35% |
| Total Shareholder Return | -1.03% | -12.14% | 3.76% | 5.09% | 5.69% | 3.40% |