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CAC — Camden National News Story

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FinancialsBalancedMid CapSuper Stock

Community bank Camden National posts record high profit as margins rise

Overview

Camden National Q3 net income rises to $21.2 mln, setting a record

Diluted EPS for Q3 increases 51% from Q2, reaching $1.25

Company's net interest margin improves by 10 basis points to 3.16%

Result Drivers

ACQUISITION IMPACT - Successful acquisition and integration of Northway Financial, Inc. positioned Camden National for growth, contributing to record earnings

NET INTEREST MARGIN - Net interest margin increased by 10 basis points to 3.16%, driven by loan growth and margin expansion

NON-INTEREST INCOME - Non-interest income rose 8%, supported by fee income growth and property sales

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 EPS$1.25
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "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 $44.00, about 15.6% above its October 27 closing price of $37.13 The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 9 three months ago Press Release: ID:nPn9KklSba For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@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.)

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