Bank Camden National's Q2 net income rises 92%

Camden National

29/07/2025 13:24

Overview

Camden National Q2 net income rises 92% qtr/qtr to $14.1 mln

Diluted EPS for Q2 increases 93% qtr/qtr to $0.83

Co achieved cost synergies and revenue growth post-Northway acquisition

Outlook

Camden National expects net interest margin expansion in H2 2025

Company anticipates earnings growth in the second half of 2025

Camden National sees operating expenses improving due to cost savings

Company expects resolution of a commercial loan issue in H2 2025

Result Drivers

NORTHWAY ACQUISITION - Co attributes Q2 results to cost synergies and revenue growth following Northway Financial acquisition

NET INTEREST MARGIN - Slight increase in net interest margin to 3.06% contributed to improved financial performance

LOAN GROWTH - Loans grew 4% on an annualized basis, with strong committed loan pipelines

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
$0.83
Q2 Net Income
$14.08 mln
Q2 Net Interest Income
$49.20 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy."

Wall Street's median 12-month price target for Camden National Corp is $48.00, about 13.6% above its July 28 closing price of $41.46

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nPn7VQgZfa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)