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Camden Natl Corp - CAC STOCK NEWS

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.

Overview

Camden National Corporation (NASDAQ: CAC) is a longstanding and respected community bank with a rich history dating back to 1875. As the largest publicly traded bank holding company in Northern New England, Camden National has built a reputation for comprehensive financial services, innovative digital banking, and a strong commitment to customer relationships. The bank’s integrated approach combines traditional banking with modern technology to deliver a wide range of products including consumer and business loans, personalized wealth management, and investment services.

Business Model and Operations

At its core, Camden National operates as a full-service community bank focused on relationship banking and digital innovation. The organization generates revenue through traditional banking activities such as loan origination, deposit funding, fee-based services, and comprehensive wealth management. Its business model is built upon a solid foundation of disciplined risk management and strategic asset deployment, ensuring both robust growth and asset quality. The bank’s operational structure emphasizes the integration of technology with personalized customer interactions, bridging the gap between digital convenience and local community engagement.

Digital and Relationship Banking

Camden National is at the forefront of the digital banking transformation. The institution leverages advanced digital platforms to empower customers with the ability to manage their finances anytime and anywhere, while maintaining the benefits of personalized service available at its numerous physical locations. This dual approach supports a diverse clientele ranging from individual consumers to small and midsize businesses, ensuring that each customer experiences the benefits of direct relationship banking combined with innovative digital solutions.

Wealth Management and Financial Advisory Services

In addition to traditional banking functions, Camden National delivers comprehensive wealth management services. Through its wealth management division, the bank provides financial planning, investment advisory, and portfolio management solutions tailored to meet each client’s individual needs. This diversification into advisory services elevates the overall value proposition, establishing Camden National as both a community bank and a trusted partner in managing long-term financial goals.

Risk Management and Capital Strength

One of the distinguishing features of Camden National is its focus on prudent risk management. The bank maintains a disciplined approach to underwriting and asset quality management, ensuring that its loan and investment portfolios remain resilient in diverse economic environments. This commitment to maintaining high asset quality, coupled with a strategic allocation of capital, reinforces the bank’s reputation for financial stability and trustworthiness within the evolving financial landscape.

Market Position and Competitive Landscape

As a key player in the Northern New England banking sector, Camden National has established itself through a combination of technological innovation, excellent customer service, and deep-rooted community values. The bank’s extensive network of branches, ATMs, and digital channels positions it to effectively compete in a dynamic market. Its relationship banking approach – characterized by a personal touch and localized service – differentiates it in an industry where larger institutions often lack the personal connection that Camden National offers its customers.

Integration and Strategic Growth

Camden National’s strategic initiatives include the integration of complementary banking franchises to enhance its operational footprint. Through mergers that consolidate market presence and diversify service offerings, the bank continues to broaden its product suite and customer base. Each strategic move is underpinned by careful due diligence and an emphasis on maintaining strong regulatory capital ratios, ensuring that the company remains both competitive and resilient.

Commitment to Innovation and Customer Service

Customer experience remains at the heart of Camden National’s strategy. By investing in technology and digital banking solutions, the company has created a seamless banking experience that is both efficient and secure. This commitment is reinforced by a dedicated team that values transparency, personalized interactions, and innovative financial solutions. The bank’s ethos revolves around the core belief in improving everyday banking through a blend of modern solutions and community-focused service.

Conclusion

In summary, Camden National Corporation stands as a premier financial institution in Northern New England. Its longevity, robust business model, and focus on digital transformation and relationship banking provide a comprehensive platform for addressing the diverse financial needs of individuals, businesses, and communities alike. With a clear operational strategy built on risk management and customer-centric values, Camden National continues to exemplify excellence and innovation in the banking industry.

  • Heritage and Trust: Over a century of established service and financial stewardship.
  • Diverse Financial Services: From consumer banking to wealth management, the bank serves a wide range of needs.
  • Digital Innovation: Contemporary digital tools are integrated with traditional service models for a seamless customer experience.
  • Prudent Risk Management: An unwavering focus on maintaining asset quality and strong capital positions.
  • Strategic Market Position: A competitive footprint in Northern New England enhanced by recent strategic integrations.
Rhea-AI Summary

Camden National (NASDAQ: CAC) and Northway Financial, Inc. (OTCQB: NWYF) have announced a merger agreement valued at approximately $86.6 million. The all-stock transaction will create a premier northern New England bank with 74 branches across New Hampshire and Maine, boasting $7.0 billion in assets, $5.1 billion in loans, and $5.5 billion in deposits. The combined entity will operate under the Camden National Bank name.

The merger is expected to be 19.9% accretive to Camden National's 2025 earnings per share and 32.7% accretive to 2026 earnings per share. Subject to regulatory approvals and Northway shareholder approval, the transaction is anticipated to close in the first quarter of 2025. Post-merger, Camden National shareholders will own approximately 86% of the combined company, while Northway shareholders will own about 14%.

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Camden National (NASDAQ: CAC) reported Q2 2024 earnings of $12.0 million and diluted EPS of $0.81, down from $13.3 million and $0.91 in Q1 2024. Key highlights include:

- Net interest margin increased to 2.36% from 2.30% in Q1
- Strong asset quality with non-performing loans at 0.23% of total loans
- Common equity ratio of 8.88% and tangible common equity ratio of 7.34%
- Total assets decreased 1% to $5.7 billion
- Loans increased by $18.3 million, driven by commercial and consumer growth
- Deposits decreased 1% to $4.5 billion
- Announced cash dividend of $0.42 per share

The company's performance reflects its strong capital position, disciplined credit culture, and expense management in a challenging economic environment.

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Camden National (NASDAQ: CAC) will announce its financial results for the quarter ending June 30, 2024, on July 30, 2024.

A conference call and webcast will be held at 3:00 p.m. Eastern on the same day, hosted by President & CEO Simon Griffiths and EVP & CFO Michael Archer.

Interested parties can join the domestic or international dial-in numbers or connect via the webcast link 10-15 minutes before the event starts. The live webcast will also be accessible on Camden National 's website, with a transcript and replay available post-conference.

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On June 25, 2024, Camden National (NASDAQ: CAC) announced that its board of directors declared a quarterly dividend of $0.42 per share. This dividend will yield an annualized return of 5.30%, based on the stock's closing price of $31.72 as of June 24, 2024. The dividend will be paid to shareholders of record on July 15, 2024, with the payment date set for July 31, 2024.

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Camden National reported earnings of $13.3 million and diluted EPS of $0.91 for the first quarter of 2024. The company maintained strong asset quality, capital, and liquidity. The financial results showed an increase in adjusted net income and adjusted diluted EPS compared to the previous quarter. The return on average assets, equity, and tangible equity remained solid. Asset quality was highlighted by low past due loans and non-performing assets. Financial condition reflected an increase in total assets and a strategic focus on loan growth. The company announced a cash dividend and initiated a new share repurchase program. Financial operating results showed a rise in net income and non-interest income, along with a decline in net interest income. The negative provision expense was driven by favorable asset quality and loan growth. Non-interest expenses decreased, reflecting cost management actions.

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Camden National (NASDAQ: CAC) will announce financial results for Q1 2024 on April 30, 2024. A conference call with top executives will be held for investors and analysts to discuss the results.
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Camden National (CAC) declares a quarterly dividend of $0.42 per share, resulting in an annualized dividend yield of 5.19% based on the closing price of $32.38 per share on March 25, 2024.
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Camden National Corporation reported a net income of $8.5 million and diluted EPS of $0.58 for the fourth quarter of 2023, showing a 13% decrease from the third quarter. The financial institution faced challenges due to the interest rate environment and bank failures. Pre-tax investment losses of $5.0 million were included in the fourth quarter 2023 financial results. Simon Griffiths joined as President and CEO. The capital position remained strong, and the asset quality was good. The Company announced a cash dividend of $0.42 per share and a new share repurchase program for 750,000 shares. Loans, investments, deposits, and borrowings all saw changes compared to the previous quarter.
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Camden National Corporation (NASDAQ: CAC) will report financial and operating results for the quarter and year ended December 31, 2023 on Tuesday, January 30, 2024. A conference call and webcast will be held at 3:00 p.m. Eastern on Tuesday, January 30, 2024 hosted by Simon Griffiths, President and Chief Executive Officer and Michael Archer, Executive Vice President, Chief Financial Officer. The live webcast URL is https://events.q4inc.com/attendee/843601593
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Camden National Corporation (NASDAQ: CAC) declares a quarterly dividend of $0.42 per share, resulting in an annualized dividend yield of 4.41% based on the December 18, 2023 closing price of $38.07 per share. The dividend is payable on January 31, 2024, to shareholders of record on January 15, 2024.
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FAQ

What is the current stock price of Camden Natl (CAC)?

The current stock price of Camden Natl (CAC) is $36.46 as of April 4, 2025.

What is the market cap of Camden Natl (CAC)?

The market cap of Camden Natl (CAC) is approximately 702.9M.

What services does Camden National Corporation offer?

Camden National provides a full range of financial services including consumer and business banking, wealth management, investment advisory, and digital banking solutions.

How does Camden National integrate digital banking with traditional services?

The bank combines innovative digital platforms with a strong local branch network, ensuring customers receive both convenient digital access and personalized in-branch service.

What is the primary focus of Camden National’s business model?

Its business model is centered on relationship banking, underpinned by prudent risk management, diversified revenue streams, and a commitment to customer-centric digital innovation.

How does Camden National manage risk and maintain asset quality?

Through disciplined underwriting, strategic capital allocation, and ongoing monitoring of its loan portfolio, the bank emphasizes maintaining high asset quality and strong risk management practices.

What differentiates Camden National from other banks in the region?

Camden National stands out through its longstanding heritage, strong community ties, advanced digital capabilities, and a business model that prioritizes personalized relationship banking.

Can you describe Camden National’s approach to wealth management?

The company offers comprehensive wealth management services through tailored financial planning, investment advisory, and portfolio management designed to meet individual client needs.

How has Camden National expanded its market presence?

The bank has expanded by strategically integrating complementary banking franchises, thereby broadening its branch network and enhancing its product offerings within the Northern New England region.

What type of customers does Camden National serve?

Camden National serves a diverse client base including individual consumers, small to mid-sized businesses, and high-net-worth individuals seeking comprehensive financial planning and advisory services.
Camden Natl Corp

Nasdaq:CAC

CAC Rankings

CAC Stock Data

702.94M
16.38M
2.75%
68.8%
2.31%
Banks - Regional
National Commercial Banks
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United States
CAMDEN