Welcome to our dedicated page for Camden Natl news (Ticker: CAC), a resource for investors and traders seeking the latest updates and insights on Camden Natl stock.
Camden National Corporation (NASDAQ: CAC), a leading community bank in Northern New England since 1875, provides investors and stakeholders with essential financial updates through this centralized news hub. Access official press releases, earnings reports, and strategic announcements from one reliable source.
This page aggregates critical developments including digital banking innovations, merger integrations, and community impact initiatives. Users will find updates on wealth management expansions, risk management practices, and regulatory compliance milestones that shape CAC's market position.
Key content categories include quarterly financial results, leadership changes, technology implementations, and community reinvestment programs. Bookmark this page for streamlined access to verified information directly affecting Camden National's operational performance and long-term growth strategy.
Camden National (NASDAQ: CAC) has scheduled its Q1 2025 financial results announcement for May 6, 2025. The announcement will include details of their recently completed acquisition of Northway Financial, Inc., which was finalized on January 2, 2025.
The company will host a conference call and webcast at 2:00 p.m. Eastern on May 6, featuring presentations from key executives including Simon Griffiths (President and CEO), Michael Archer (EVP, CFO), and Renée Smyth (EVP, Chief Experience and Marketing Officer).
Interested parties can join via phone using domestic dial-in (833) 470-1428 or international dial-in (929) 526-1599 with participant code 893714, or through the webcast at the provided URL. Participants are advised to connect 10-15 minutes before the start time.
Camden National (NASDAQ: CAC) has declared a quarterly dividend of $0.42 per share, as announced by President and CEO Simon R. Griffiths. Based on the company's closing stock price of $42.01 on March 24, 2025, this quarterly distribution represents an annualized dividend yield of 4.0%. The dividend will be paid on April 30, 2025, to shareholders of record as of April 15, 2025.
Camden National (NASDAQ: CAC) has appointed Raina L. Maxwell to its Board of Directors and Camden National Bank's Board, effective February 25, 2025. Maxwell will also serve on the Camden National Credit Committee.
Maxwell brings over 13 years of experience from L.L.Bean, where she led their customer satisfaction program. Her career includes financial roles at Standard & Poor's Corporate Value Consulting and Carana She holds an MBA from the University of Virginia and a BA in economics and international affairs from the University of New Hampshire.
The appointment aims to strengthen Camden National's position as the premier publicly traded bank in Northern New England, leveraging Maxwell's expertise in customer satisfaction and financial strategy.
Camden National (NASDAQ: CAC) reported Q4 2024 earnings of $14.7 million and diluted EPS of $1.00, marking increases of 12% and 11% respectively over Q3 2024. The company successfully closed its merger with Northway Financial on January 2, 2025, creating a combined institution with approximately $7.0 billion in assets and 73 branches across Maine and New Hampshire.
Key Q4 2024 highlights include net interest margin expansion to 2.57% (up 11 basis points), return on average assets of 1.01%, and strong asset quality with non-performing loans at 0.16% of total loans. Total assets reached $5.8 billion, with loans totaling $4.1 billion and deposits at $4.6 billion. The company announced a cash dividend of $0.42 per share, representing a 3.93% annualized yield.
For full-year 2024, Camden National reported net income of $53.0 million and diluted EPS of $3.62, both representing 22% increases over 2023.
Camden National (NASDAQ: CAC) has announced it will release its financial and operating results for Q4 and full-year 2024 on January 28, 2025. The company will host a conference call and webcast at 3:00 p.m. Eastern on the same day.
The presentation will be led by Simon Griffiths, President and CEO, and Michael Archer, Executive Vice President and CFO. Interested parties can join via phone using domestic dial-in (833) 470-1428 or international dial-in (929) 526-1599 with participant code 416800, or through the webcast link. Participants are advised to connect 10-15 minutes before the start time.
Camden National (NASDAQ: CAC) has completed its merger with Northway Financial, creating a combined institution with approximately $7.0 billion in total assets and 73 branches across Maine and New Hampshire. The all-stock transaction, announced on September 10, 2024, involved Camden National issuing approximately 2.3 million shares of its common stock, with Northway shareholders receiving 0.83 shares of Camden National common stock for each Northway share.
The systems conversion is scheduled for mid-March. In connection with the merger, Larry K. Haynes, former Northway board member and current president and CEO of Grappone Automotive Group, has been appointed to Camden National's Board of Directors, serving on the Audit Committee and Camden National Bank's Board and Trust Committee.
Camden National (NASDAQ: CAC) has received all necessary regulatory approvals for its merger with Northway Financial (OTCQB: NWYF). The merger, originally announced on September 9, 2024, is expected to close around January 2, 2025, following customary closing conditions. Northway shareholders approved all merger-related matters on December 17, 2024. The merger will expand Camden National's presence into New Hampshire, with customer account conversions planned for mid-March 2025.
Camden National (NASDAQ: CAC) has declared a quarterly dividend of $0.42 per share. Based on the company's closing stock price of $45.91 on December 16, 2024, this represents an annualized dividend yield of 3.66%. The dividend will be paid on January 31, 2025, to shareholders of record as of January 15, 2025.
Camden National reported Q3 2024 earnings of $13.1 million and diluted EPS of $0.90, marking increases of 9% and 11% respectively over Q2 2024. The company announced a pending merger with Northway Financial, which is expected to create a combined franchise with 74 branches, approximately $7.0 billion in assets, and $5.1 billion in loans. The merger is projected to be 19.9% accretive to Camden National's 2025 EPS and 32.7% accretive to 2026 EPS. Net interest margin expanded to 2.46%, while asset quality remained strong with non-performing loans at 0.17% of total loans. The company declared a cash dividend of $0.42 per share.
Camden National (NASDAQ: CAC) has announced it will release its financial and operating results for the quarter ended September 30, 2024, on Tuesday, October 29, 2024. The company will host a conference call and webcast at 3:00 p.m. Eastern on the same day to discuss the results.
Interested parties can participate in the teleconference by dialing in or connecting to the webcast link 10-15 minutes before the start time. The dial-in numbers are (833) 470-1428 for domestic calls and (929) 526-1599 for international calls, with the participant access code 504894. The live webcast will be available at https://events.q4inc.com/attendee/685424551.
A link to the webcast will also be provided on Camden National 's website prior to the meeting. Following the conference call, a transcript and replay will be made available on the company's website.
