Camden National Q1 adjusted EPS rises 39% on acquisition benefits

Camden National

28/04/2026 13:25

Overview

US regional bank's Q1 adjusted EPS rose 39% yr/yr, driven by acquisition benefits

Company repurchased 33,131 shares at $44.85 average price during Q1

Deposit growth enabled reduction in higher-cost borrowings; asset quality remained strong

Outlook

Company expects debit card income and related non-interest income to normalize in Q2 2026

Camden National says it remains focused on sustained growth and disciplined execution

Result Drivers

ACQUISITION BENEFITS - Co said Q1 results reflect benefits of last year's acquisition, including efficient scaling and accelerated franchise growth, per CEO Simon Griffiths

EXPENSE MANAGEMENT - Non-interest expense fell 3% from Q4, driven by lower retirement plan costs, reduced incentive accruals, and lower regulatory fees

DEPOSIT GROWTH - 1% increase in deposits, supported by high-yield savings product and new business customers, enabled reduction of higher-cost borrowings

Company press release: ID:nPn4hkvZVa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$1.29


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 $53.00, about 5.2% above its April 27 closing price of $50.40

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago

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(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.)