Camden National Q3 net income rises on deposit growth

Camden National

27/10/2026 12:26

Overview
U.S. regional bank's Q3 net income rose 8% yr/yr, with EPS up 7%
Company saw 5% deposit growth and 15 bps net interest margin expansion from prior quarter
Asset quality remained strong with non-performing loans at 0.16% of total loans

Outlook
Company did not provide specific guidance financial for future quarters or full-year results

Result Drivers
DEPOSIT GROWTH - Co said strong deposit growth and continued customer acquisition improved funding mix and reduced reliance on higher-cost borrowings
NET INTEREST MARGIN - Co attributed 15 bps net interest margin expansion to lower funding costs and deposit growth
CREDIT QUALITY - Asset quality remained strong with low non-performing loans and net charge-offs

Company press release: ID:nPn7JNZNGa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
 
$1.34
 
Q3 Net Interest Income
 
$55.42 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 "hold"
Wall Street's median 12-month price target for Camden National Corp is $59.50, about 1.8% above its October 26 closing price of $58.46
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

Reuters Recommended Reads
Oct 26 - Northwest Bancshares Q3 adjusted EPS beats estimates on C&I loan growth
Oct 27 - Skyline Bankshares Q3 profit rises on loan growth
Oct 26 - Bank of Hawaii Q3 net income rises on higher net interest income

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)