Annual Income Statements for Camden National
This table shows Camden National's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for Camden National
This table shows Camden National's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Income / (Loss) Attributable to Common Shareholders |
|
14 |
15 |
13 |
12 |
9.79 |
8.48 |
13 |
12 |
13 |
15 |
Consolidated Net Income / (Loss) |
|
14 |
15 |
13 |
12 |
9.79 |
8.48 |
13 |
12 |
13 |
15 |
Net Income / (Loss) Continuing Operations |
|
14 |
15 |
13 |
12 |
9.79 |
8.48 |
13 |
12 |
13 |
15 |
Total Pre-Tax Income |
|
18 |
19 |
16 |
16 |
12 |
10 |
16 |
15 |
16 |
18 |
Total Revenue |
|
48 |
47 |
44 |
43 |
38 |
39 |
42 |
43 |
45 |
48 |
Net Interest Income / (Expense) |
|
38 |
37 |
34 |
33 |
33 |
33 |
31 |
32 |
34 |
35 |
Total Interest Income |
|
45 |
49 |
53 |
56 |
58 |
60 |
60 |
62 |
64 |
63 |
Loans and Leases Interest Income |
|
38 |
42 |
45 |
49 |
50 |
51 |
52 |
53 |
55 |
54 |
Investment Securities Interest Income |
|
6.68 |
8.01 |
6.95 |
6.88 |
6.86 |
10 |
7.80 |
7.79 |
7.47 |
12 |
Total Interest Expense |
|
6.77 |
12 |
18 |
23 |
25 |
27 |
29 |
30 |
30 |
28 |
Deposits Interest Expense |
|
5.44 |
11 |
16 |
19 |
21 |
23 |
23 |
24 |
25 |
23 |
Long-Term Debt Interest Expense |
|
1.33 |
1.82 |
2.61 |
4.12 |
4.12 |
4.25 |
5.73 |
5.81 |
5.08 |
4.67 |
Total Non-Interest Income |
|
9.95 |
9.78 |
9.87 |
10 |
5.07 |
5.99 |
10 |
11 |
11 |
12 |
Other Service Charges |
|
9.58 |
10 |
9.27 |
9.50 |
9.76 |
-17 |
9.64 |
9.95 |
11 |
11 |
Other Non-Interest Income |
|
0.37 |
0.38 |
0.59 |
0.61 |
0.64 |
28 |
0.68 |
0.69 |
0.71 |
0.72 |
Provision for Credit Losses |
|
2.76 |
0.47 |
2.00 |
0.10 |
-0.57 |
0.57 |
-2.10 |
0.65 |
0.24 |
0.81 |
Total Non-Interest Expense |
|
27 |
27 |
26 |
27 |
26 |
28 |
27 |
27 |
29 |
28 |
Salaries and Employee Benefits |
|
16 |
15 |
15 |
15 |
15 |
15 |
16 |
16 |
17 |
16 |
Net Occupancy & Equipment Expense |
|
5.07 |
5.27 |
5.29 |
5.03 |
5.19 |
5.54 |
5.70 |
5.48 |
5.47 |
5.63 |
Other Operating Expenses |
|
6.02 |
6.35 |
6.15 |
6.68 |
6.13 |
6.75 |
5.57 |
6.09 |
6.02 |
6.19 |
Amortization Expense |
|
0.16 |
0.16 |
0.15 |
0.15 |
0.15 |
0.15 |
0.14 |
0.14 |
0.14 |
0.14 |
Income Tax Expense |
|
3.65 |
3.95 |
3.25 |
3.17 |
2.24 |
1.80 |
3.06 |
2.88 |
2.78 |
3.74 |
Basic Earnings per Share |
|
$0.97 |
$1.05 |
$0.87 |
$0.85 |
$0.67 |
$0.59 |
$0.91 |
$0.82 |
$0.90 |
$1.00 |
Weighted Average Basic Shares Outstanding |
|
14.62M |
14.64M |
14.57M |
14.56M |
14.56M |
14.56M |
14.57M |
14.59M |
14.58M |
14.58M |
Diluted Earnings per Share |
|
$0.97 |
$1.05 |
$0.87 |
$0.85 |
$0.67 |
$0.58 |
$0.91 |
$0.81 |
$0.90 |
$1.00 |
Weighted Average Diluted Shares Outstanding |
|
14.68M |
14.70M |
14.63M |
14.60M |
14.60M |
14.61M |
14.63M |
14.65M |
14.65M |
14.63M |
Weighted Average Basic & Diluted Shares Outstanding |
|
14.57M |
14.57M |
14.59M |
14.55M |
14.56M |
14.57M |
14.61M |
14.57M |
14.58M |
16.86M |
Cash Dividends to Common per Share |
|
$0.40 |
$0.42 |
$0.42 |
$0.42 |
$0.42 |
$0.42 |
$0.42 |
$0.42 |
$0.42 |
$0.42 |
Annual Cash Flow Statements for Camden National
This table details how cash moves in and out of Camden National's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
-145 |
24 |
115 |
Net Cash From Operating Activities |
105 |
68 |
61 |
Net Cash From Continuing Operating Activities |
105 |
68 |
61 |
Net Income / (Loss) Continuing Operations |
61 |
43 |
53 |
Consolidated Net Income / (Loss) |
61 |
43 |
53 |
Provision For Loan Losses |
4.50 |
2.10 |
-0.40 |
Depreciation Expense |
3.49 |
3.37 |
3.31 |
Amortization Expense |
4.46 |
2.90 |
2.34 |
Non-Cash Adjustments to Reconcile Net Income |
5.29 |
9.37 |
2.34 |
Changes in Operating Assets and Liabilities, net |
26 |
6.38 |
0.35 |
Net Cash From Investing Activities |
-488 |
-7.03 |
30 |
Net Cash From Continuing Investing Activities |
-488 |
-7.03 |
30 |
Purchase of Property, Leasehold Improvements and Equipment |
-2.18 |
-2.62 |
-5.58 |
Purchase of Investment Securities |
-138 |
-137 |
-60 |
Sale of Property, Leasehold Improvements and Equipment |
0.47 |
0.00 |
0.00 |
Sale and/or Maturity of Investments |
275 |
254 |
133 |
Other Investing Activities, net |
-623 |
-121 |
-37 |
Net Cash From Financing Activities |
237 |
-36 |
24 |
Net Cash From Continuing Financing Activities |
237 |
-36 |
24 |
Net Change in Deposits |
218 |
-230 |
36 |
Issuance of Debt |
54 |
220 |
375 |
Issuance of Common Equity |
-0.36 |
-0.26 |
-0.22 |
Repayment of Debt |
-0.16 |
-0.17 |
-360 |
Repurchase of Common Equity |
-10 |
-2.00 |
-1.61 |
Payment of Dividends |
-24 |
-25 |
-25 |
Other Financing Activities, Net |
0.00 |
0.00 |
-0.25 |
Cash Interest Paid |
25 |
92 |
117 |
Cash Income Taxes Paid |
13 |
11 |
8.82 |
Quarterly Cash Flow Statements for Camden National
This table details how cash moves in and out of Camden National's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Change in Cash & Equivalents |
|
5.59 |
-6.59 |
0.31 |
19 |
117 |
-112 |
77 |
-71 |
34 |
75 |
Net Cash From Operating Activities |
|
15 |
20 |
15 |
17 |
47 |
-11 |
18 |
14 |
-15 |
43 |
Net Cash From Continuing Operating Activities |
|
15 |
20 |
15 |
17 |
47 |
-11 |
18 |
14 |
-15 |
43 |
Net Income / (Loss) Continuing Operations |
|
14 |
15 |
13 |
12 |
9.79 |
8.48 |
13 |
12 |
13 |
15 |
Consolidated Net Income / (Loss) |
|
14 |
15 |
13 |
12 |
9.79 |
8.48 |
13 |
12 |
13 |
15 |
Provision For Loan Losses |
|
2.76 |
0.47 |
2.00 |
0.10 |
-0.57 |
0.57 |
-2.10 |
0.65 |
0.24 |
0.81 |
Depreciation Expense |
|
0.86 |
0.85 |
0.82 |
0.83 |
0.82 |
0.91 |
0.82 |
0.82 |
0.82 |
0.86 |
Amortization Expense |
|
1.11 |
0.87 |
0.75 |
0.76 |
2.58 |
-1.19 |
0.58 |
0.58 |
0.60 |
0.57 |
Non-Cash Adjustments to Reconcile Net Income |
|
-1.23 |
2.72 |
-0.23 |
1.27 |
0.09 |
8.24 |
7.93 |
1.08 |
-8.21 |
1.55 |
Changes in Operating Assets and Liabilities, net |
|
-2.58 |
0.21 |
-1.56 |
1.78 |
34 |
-28 |
-2.73 |
-0.63 |
-21 |
25 |
Net Cash From Investing Activities |
|
-92 |
-123 |
-45 |
-3.05 |
70 |
-29 |
-4.78 |
8.87 |
30 |
-3.55 |
Net Cash From Continuing Investing Activities |
|
-92 |
-123 |
-45 |
-3.05 |
70 |
-29 |
-4.78 |
8.87 |
30 |
-3.55 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-0.40 |
-0.84 |
-0.50 |
-0.54 |
-0.70 |
-0.89 |
-0.55 |
-1.29 |
-1.71 |
-2.03 |
Purchase of Investment Securities |
|
- |
-33 |
-63 |
-34 |
44 |
-85 |
-27 |
-19 |
20 |
-34 |
Sale and/or Maturity of Investments |
|
59 |
75 |
32 |
43 |
87 |
93 |
28 |
34 |
36 |
36 |
Other Investing Activities, net |
|
-151 |
-164 |
-14 |
-12 |
-60 |
-36 |
-4.64 |
-4.69 |
-24 |
-2.89 |
Net Cash From Financing Activities |
|
83 |
96 |
31 |
4.45 |
0.45 |
-72 |
64 |
-95 |
19 |
36 |
Net Cash From Continuing Financing Activities |
|
83 |
96 |
31 |
4.45 |
0.45 |
-72 |
64 |
-95 |
19 |
36 |
Net Change in Deposits |
|
42 |
258 |
-184 |
51 |
-15 |
-81 |
-46 |
-38 |
61 |
58 |
Issuance of Debt |
|
50 |
-156 |
221 |
-38 |
22 |
15 |
116 |
6.11 |
134 |
119 |
Issuance of Common Equity |
|
0.02 |
0.02 |
- |
- |
- |
-0.08 |
- |
- |
- |
-0.02 |
Repayment of Debt |
|
-0.04 |
-0.04 |
-0.04 |
-0.05 |
-0.04 |
-0.04 |
-0.04 |
-55 |
-170 |
-135 |
Repurchase of Common Equity |
|
-2.56 |
-0.27 |
0.06 |
-2.24 |
0.17 |
- |
0.07 |
-1.83 |
0.12 |
0.04 |
Payment of Dividends |
|
-5.87 |
-5.84 |
-6.14 |
-6.14 |
-6.13 |
-6.13 |
-6.14 |
-6.14 |
-6.14 |
-6.14 |
Cash Interest Paid |
|
6.71 |
12 |
18 |
23 |
25 |
27 |
29 |
30 |
30 |
28 |
Cash Income Taxes Paid |
|
4.95 |
3.48 |
0.15 |
4.75 |
3.95 |
2.30 |
0.10 |
5.16 |
3.34 |
0.23 |
Annual Balance Sheets for Camden National
This table presents Camden National's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
2022 |
2023 |
2024 |
Total Assets |
5,672 |
5,715 |
5,805 |
Cash and Due from Banks |
51 |
78 |
62 |
Interest Bearing Deposits at Other Banks |
25 |
22 |
153 |
Trading Account Securities |
1,246 |
1,175 |
1,117 |
Loans and Leases, Net of Allowance |
3,973 |
4,061 |
4,080 |
Loans and Leases |
4,010 |
4,098 |
4,115 |
Allowance for Loan and Lease Losses |
37 |
37 |
36 |
Loans Held for Sale |
5.20 |
10 |
11 |
Premises and Equipment, Net |
36 |
35 |
37 |
Goodwill |
95 |
95 |
95 |
Intangible Assets |
1.56 |
0.97 |
0.42 |
Other Assets |
239 |
237 |
251 |
Total Liabilities & Shareholders' Equity |
5,672 |
5,715 |
5,805 |
Total Liabilities |
5,221 |
5,219 |
5,274 |
Interest Bearing Deposits |
4,827 |
4,597 |
4,633 |
Short-Term Debt |
265 |
486 |
501 |
Accrued Interest Payable |
84 |
92 |
96 |
Long-Term Debt |
44 |
44 |
44 |
Commitments & Contingencies |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
451 |
495 |
531 |
Total Preferred & Common Equity |
451 |
495 |
531 |
Total Common Equity |
451 |
495 |
531 |
Common Stock |
115 |
116 |
116 |
Retained Earnings |
462 |
481 |
509 |
Accumulated Other Comprehensive Income / (Loss) |
-126 |
-102 |
-95 |
Quarterly Balance Sheets for Camden National
This table presents Camden National's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Total Assets |
|
5,552 |
5,717 |
5,744 |
5,780 |
5,795 |
5,724 |
5,745 |
Cash and Due from Banks |
|
55 |
54 |
51 |
91 |
69 |
79 |
69 |
Interest Bearing Deposits at Other Banks |
|
27 |
22 |
43 |
120 |
108 |
27 |
70 |
Trading Account Securities |
|
1,262 |
1,230 |
1,197 |
1,143 |
1,147 |
1,118 |
1,135 |
Loans and Leases, Net of Allowance |
|
3,824 |
4,036 |
4,063 |
4,022 |
4,085 |
4,104 |
4,081 |
Loans and Leases |
|
3,861 |
4,073 |
4,100 |
4,058 |
4,121 |
4,139 |
4,117 |
Allowance for Loan and Lease Losses |
|
37 |
37 |
37 |
36 |
36 |
35 |
35 |
Loans Held for Sale |
|
4.63 |
4,041 |
12 |
11 |
9.52 |
14 |
12 |
Premises and Equipment, Net |
|
36 |
36 |
35 |
35 |
35 |
35 |
36 |
Goodwill |
|
95 |
95 |
95 |
95 |
95 |
95 |
95 |
Intangible Assets |
|
1.72 |
1.42 |
1.27 |
1.12 |
0.83 |
0.69 |
0.55 |
Other Assets |
|
247 |
238 |
246 |
261 |
246 |
252 |
247 |
Total Liabilities & Shareholders' Equity |
|
5,552 |
5,717 |
5,744 |
5,780 |
5,795 |
5,724 |
5,745 |
Total Liabilities |
|
5,121 |
5,252 |
5,277 |
5,316 |
5,293 |
5,216 |
5,215 |
Interest Bearing Deposits |
|
4,569 |
4,643 |
4,694 |
4,678 |
4,552 |
4,514 |
4,575 |
Short-Term Debt |
|
421 |
486 |
448 |
470 |
601 |
553 |
516 |
Accrued Interest Payable |
|
87 |
78 |
90 |
124 |
96 |
105 |
79 |
Long-Term Debt |
|
44 |
44 |
44 |
44 |
44 |
44 |
44 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
431 |
465 |
467 |
463 |
502 |
508 |
530 |
Total Preferred & Common Equity |
|
431 |
465 |
467 |
463 |
502 |
508 |
530 |
Total Common Equity |
|
431 |
465 |
467 |
463 |
502 |
508 |
530 |
Common Stock |
|
115 |
116 |
114 |
115 |
116 |
116 |
116 |
Retained Earnings |
|
453 |
469 |
475 |
479 |
488 |
494 |
501 |
Accumulated Other Comprehensive Income / (Loss) |
|
-136 |
-119 |
-122 |
-130 |
-103 |
-101 |
-87 |
Annual Metrics And Ratios for Camden National
This table displays calculated financial ratios and metrics derived from Camden National's official financial filings.
Metric |
2022 |
2023 |
2024 |
Growth Metrics |
- |
- |
- |
Revenue Growth |
0.65% |
-13.32% |
8.39% |
EBITDA Growth |
-13.03% |
-29.28% |
18.29% |
EBIT Growth |
-11.07% |
-30.13% |
21.59% |
NOPAT Growth |
-10.98% |
-29.39% |
22.18% |
Net Income Growth |
-10.98% |
-29.39% |
22.18% |
EPS Growth |
-9.35% |
-28.78% |
21.89% |
Operating Cash Flow Growth |
-26.30% |
-35.82% |
-9.74% |
Free Cash Flow Firm Growth |
104.51% |
-325.60% |
100.83% |
Invested Capital Growth |
-4.57% |
34.73% |
4.99% |
Revenue Q/Q Growth |
-1.12% |
-4.71% |
5.28% |
EBITDA Q/Q Growth |
-2.58% |
-15.51% |
16.06% |
EBIT Q/Q Growth |
-1.78% |
-14.36% |
14.17% |
NOPAT Q/Q Growth |
-1.82% |
-13.67% |
13.21% |
Net Income Q/Q Growth |
-1.82% |
-13.67% |
13.21% |
EPS Q/Q Growth |
-1.42% |
-13.66% |
13.13% |
Operating Cash Flow Q/Q Growth |
-9.14% |
-32.00% |
844.99% |
Free Cash Flow Firm Q/Q Growth |
405.96% |
-610.63% |
102.76% |
Invested Capital Q/Q Growth |
-15.13% |
4.83% |
-1.32% |
Profitability Metrics |
- |
- |
- |
EBITDA Margin |
45.11% |
36.81% |
40.17% |
EBIT Margin |
40.90% |
32.97% |
36.98% |
Profit (Net Income) Margin |
32.61% |
26.57% |
29.95% |
Tax Burden Percent |
79.74% |
80.58% |
80.97% |
Interest Burden Percent |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
20.26% |
19.42% |
19.03% |
Return on Invested Capital (ROIC) |
7.89% |
4.86% |
5.05% |
ROIC Less NNEP Spread (ROIC-NNEP) |
7.89% |
4.86% |
5.05% |
Return on Net Nonoperating Assets (RNNOA) |
4.49% |
4.31% |
5.28% |
Return on Equity (ROE) |
12.38% |
9.17% |
10.33% |
Cash Return on Invested Capital (CROIC) |
12.57% |
-24.73% |
0.17% |
Operating Return on Assets (OROA) |
1.38% |
0.95% |
1.14% |
Return on Assets (ROA) |
1.10% |
0.76% |
0.92% |
Return on Common Equity (ROCE) |
12.38% |
9.17% |
10.33% |
Return on Equity Simple (ROE_SIMPLE) |
13.61% |
8.76% |
9.98% |
Net Operating Profit after Tax (NOPAT) |
61 |
43 |
53 |
NOPAT Margin |
32.61% |
26.57% |
29.95% |
Net Nonoperating Expense Percent (NNEP) |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
43.87% |
49.64% |
48.79% |
Operating Expenses to Revenue |
56.72% |
65.75% |
63.24% |
Earnings before Interest and Taxes (EBIT) |
77 |
54 |
65 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
85 |
60 |
71 |
Valuation Ratios |
- |
- |
- |
Price to Book Value (P/BV) |
1.21 |
1.05 |
1.16 |
Price to Tangible Book Value (P/TBV) |
1.53 |
1.30 |
1.41 |
Price to Revenue (P/Rev) |
2.89 |
3.17 |
3.49 |
Price to Earnings (P/E) |
8.87 |
11.93 |
11.64 |
Dividend Yield |
4.28% |
4.73% |
3.97% |
Earnings Yield |
11.28% |
8.39% |
8.59% |
Enterprise Value to Invested Capital (EV/IC) |
1.02 |
0.92 |
0.88 |
Enterprise Value to Revenue (EV/Rev) |
4.13 |
5.80 |
5.35 |
Enterprise Value to EBITDA (EV/EBITDA) |
9.16 |
15.76 |
13.32 |
Enterprise Value to EBIT (EV/EBIT) |
10.11 |
17.60 |
14.47 |
Enterprise Value to NOPAT (EV/NOPAT) |
12.68 |
21.84 |
17.87 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
7.41 |
14.04 |
15.54 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
7.96 |
0.00 |
519.47 |
Leverage & Solvency |
- |
- |
- |
Debt to Equity |
0.69 |
1.07 |
1.03 |
Long-Term Debt to Equity |
0.10 |
0.09 |
0.08 |
Financial Leverage |
0.57 |
0.89 |
1.05 |
Leverage Ratio |
11.26 |
12.03 |
11.22 |
Compound Leverage Factor |
11.26 |
12.03 |
11.22 |
Debt to Total Capital |
40.68% |
51.70% |
50.64% |
Short-Term Debt to Total Capital |
34.86% |
47.38% |
46.52% |
Long-Term Debt to Total Capital |
5.83% |
4.33% |
4.12% |
Preferred Equity to Total Capital |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
59.32% |
48.30% |
49.36% |
Debt to EBITDA |
3.64 |
8.82 |
7.66 |
Net Debt to EBITDA |
2.75 |
7.16 |
4.64 |
Long-Term Debt to EBITDA |
0.52 |
0.74 |
0.62 |
Debt to NOPAT |
5.04 |
12.22 |
10.28 |
Net Debt to NOPAT |
3.81 |
9.91 |
6.23 |
Long-Term Debt to NOPAT |
0.72 |
1.02 |
0.84 |
Noncontrolling Interest Sharing Ratio |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
- |
- |
- |
Cash Flow Metrics |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
98 |
-221 |
1.82 |
Operating Cash Flow to CapEx |
6,125.98% |
2,574.68% |
1,092.77% |
Free Cash Flow to Firm to Interest Expense |
3.90 |
-2.35 |
0.02 |
Operating Cash Flow to Interest Expense |
4.19 |
0.72 |
0.52 |
Operating Cash Flow Less CapEx to Interest Expense |
4.12 |
0.69 |
0.47 |
Efficiency Ratios |
- |
- |
- |
Asset Turnover |
0.03 |
0.03 |
0.03 |
Fixed Asset Turnover |
5.11 |
4.60 |
4.91 |
Capital & Investment Metrics |
- |
- |
- |
Invested Capital |
761 |
1,025 |
1,076 |
Invested Capital Turnover |
0.24 |
0.18 |
0.17 |
Increase / (Decrease) in Invested Capital |
-36 |
264 |
51 |
Enterprise Value (EV) |
779 |
947 |
947 |
Market Capitalization |
545 |
517 |
617 |
Book Value per Share |
$30.98 |
$34.01 |
$36.44 |
Tangible Book Value per Share |
$24.37 |
$27.43 |
$29.92 |
Total Capital |
761 |
1,025 |
1,076 |
Total Debt |
310 |
530 |
545 |
Total Long-Term Debt |
44 |
44 |
44 |
Net Debt |
234 |
430 |
330 |
Capital Expenditures (CapEx) |
1.72 |
2.62 |
5.58 |
Net Nonoperating Expense (NNE) |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
310 |
530 |
545 |
Total Depreciation and Amortization (D&A) |
7.95 |
6.28 |
5.65 |
Earnings Adjustments |
- |
- |
- |
Adjusted Basic Earnings per Share |
$4.18 |
$2.98 |
$3.63 |
Adjusted Weighted Average Basic Shares Outstanding |
14.64M |
14.56M |
14.58M |
Adjusted Diluted Earnings per Share |
$4.17 |
$2.97 |
$3.62 |
Adjusted Weighted Average Diluted Shares Outstanding |
14.70M |
14.61M |
14.63M |
Adjusted Basic & Diluted Earnings per Share |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
14.57M |
14.57M |
16.86M |
Normalized Net Operating Profit after Tax (NOPAT) |
61 |
43 |
54 |
Normalized NOPAT Margin |
32.61% |
26.57% |
30.48% |
Pre Tax Income Margin |
40.90% |
32.97% |
36.98% |
Debt Service Ratios |
- |
- |
- |
EBIT to Interest Expense |
3.07 |
0.57 |
0.56 |
NOPAT to Interest Expense |
2.45 |
0.46 |
0.45 |
EBIT Less CapEx to Interest Expense |
3.00 |
0.54 |
0.51 |
NOPAT Less CapEx to Interest Expense |
2.38 |
0.43 |
0.41 |
Payout Ratios |
- |
- |
- |
Dividend Payout Ratio |
38.27% |
56.56% |
46.33% |
Augmented Payout Ratio |
54.94% |
61.17% |
49.37% |
Quarterly Metrics And Ratios for Camden National
This table displays calculated financial ratios and metrics derived from Camden National's official financial filings.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
4.19% |
-4.36% |
-4.43% |
-10.23% |
-21.17% |
-17.25% |
-5.78% |
0.07% |
19.48% |
22.95% |
EBITDA Growth |
|
-6.49% |
-9.67% |
-24.78% |
-17.41% |
-22.40% |
-52.47% |
1.05% |
-5.09% |
11.95% |
98.45% |
EBIT Growth |
|
-3.92% |
-6.74% |
-24.11% |
-17.15% |
-32.88% |
-46.75% |
2.23% |
-4.40% |
31.86% |
79.01% |
NOPAT Growth |
|
-2.55% |
-6.91% |
-24.22% |
-17.55% |
-31.40% |
-44.76% |
4.28% |
-3.20% |
33.58% |
72.95% |
Net Income Growth |
|
-2.55% |
-6.91% |
-24.22% |
-17.55% |
-31.40% |
-44.76% |
4.28% |
-3.20% |
33.58% |
72.95% |
EPS Growth |
|
0.00% |
-5.41% |
-23.01% |
-16.67% |
-30.93% |
-44.76% |
4.60% |
-4.71% |
34.33% |
72.41% |
Operating Cash Flow Growth |
|
-44.03% |
-34.09% |
-66.04% |
-35.98% |
210.23% |
-155.19% |
22.34% |
-15.44% |
-130.76% |
482.30% |
Free Cash Flow Firm Growth |
|
-425.70% |
1,212.04% |
-822.80% |
1.85% |
10.91% |
-593.71% |
36.52% |
-56.35% |
-39.39% |
85.72% |
Invested Capital Growth |
|
11.79% |
-4.57% |
30.23% |
11.33% |
9.07% |
34.73% |
15.26% |
15.14% |
11.54% |
4.99% |
Revenue Q/Q Growth |
|
0.19% |
-2.10% |
-5.60% |
-3.05% |
-12.02% |
2.76% |
7.49% |
2.97% |
5.05% |
5.74% |
EBITDA Q/Q Growth |
|
-4.20% |
5.74% |
-16.55% |
-2.31% |
-9.99% |
-35.23% |
77.43% |
-8.24% |
6.16% |
14.81% |
EBIT Q/Q Growth |
|
-4.59% |
7.78% |
-17.23% |
-2.66% |
-22.70% |
-14.50% |
58.90% |
-8.97% |
6.62% |
16.07% |
NOPAT Q/Q Growth |
|
-5.05% |
7.60% |
-17.09% |
-2.66% |
-21.00% |
-13.35% |
56.51% |
-9.64% |
9.01% |
12.19% |
Net Income Q/Q Growth |
|
-5.05% |
7.60% |
-17.09% |
-2.66% |
-21.00% |
-13.35% |
56.51% |
-9.64% |
9.01% |
12.19% |
EPS Q/Q Growth |
|
-4.90% |
8.25% |
-17.14% |
-2.30% |
-21.18% |
-13.43% |
56.90% |
-10.99% |
11.11% |
11.11% |
Operating Cash Flow Q/Q Growth |
|
-43.21% |
34.66% |
-29.08% |
18.04% |
175.21% |
-123.96% |
257.20% |
-18.41% |
-200.10% |
397.79% |
Free Cash Flow Firm Q/Q Growth |
|
7.58% |
164.50% |
-521.54% |
60.94% |
16.11% |
-257.46% |
45.80% |
3.80% |
25.21% |
63.38% |
Invested Capital Q/Q Growth |
|
3.97% |
-15.13% |
30.85% |
-3.58% |
1.86% |
4.83% |
11.94% |
-3.68% |
-1.33% |
-1.32% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
41.63% |
44.96% |
39.75% |
40.05% |
40.97% |
25.83% |
42.63% |
37.99% |
38.39% |
41.68% |
EBIT Margin |
|
37.50% |
41.28% |
36.20% |
36.34% |
31.93% |
26.57% |
39.27% |
34.72% |
35.24% |
38.68% |
Profit (Net Income) Margin |
|
29.87% |
32.83% |
28.83% |
28.95% |
25.99% |
21.92% |
31.91% |
28.00% |
29.06% |
30.83% |
Tax Burden Percent |
|
79.65% |
79.52% |
79.65% |
79.65% |
81.40% |
82.49% |
81.25% |
80.66% |
82.46% |
79.70% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
20.35% |
20.48% |
20.35% |
20.35% |
18.60% |
17.51% |
18.75% |
19.34% |
17.54% |
20.30% |
Return on Invested Capital (ROIC) |
|
6.70% |
7.94% |
6.11% |
5.77% |
4.75% |
4.01% |
4.79% |
4.36% |
4.72% |
5.19% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
6.70% |
7.94% |
6.11% |
5.77% |
4.75% |
4.01% |
4.79% |
4.36% |
4.72% |
5.19% |
Return on Net Nonoperating Assets (RNNOA) |
|
4.95% |
4.52% |
5.24% |
5.73% |
5.21% |
3.56% |
5.83% |
4.87% |
5.11% |
5.44% |
Return on Equity (ROE) |
|
11.65% |
12.46% |
11.34% |
11.50% |
9.96% |
7.56% |
10.61% |
9.23% |
9.84% |
10.63% |
Cash Return on Invested Capital (CROIC) |
|
-3.77% |
12.57% |
-19.74% |
-4.71% |
-3.32% |
-24.73% |
-10.08% |
-9.86% |
-6.38% |
0.17% |
Operating Return on Assets (OROA) |
|
1.29% |
1.39% |
1.21% |
1.18% |
0.97% |
0.76% |
1.10% |
0.97% |
1.03% |
1.19% |
Return on Assets (ROA) |
|
1.03% |
1.11% |
0.96% |
0.94% |
0.79% |
0.63% |
0.89% |
0.79% |
0.85% |
0.95% |
Return on Common Equity (ROCE) |
|
11.65% |
12.46% |
11.34% |
11.50% |
9.96% |
7.56% |
10.61% |
9.23% |
9.84% |
10.63% |
Return on Equity Simple (ROE_SIMPLE) |
|
14.52% |
0.00% |
12.34% |
11.71% |
10.85% |
0.00% |
8.76% |
8.56% |
8.84% |
0.00% |
Net Operating Profit after Tax (NOPAT) |
|
14 |
15 |
13 |
12 |
9.79 |
8.48 |
13 |
12 |
13 |
15 |
NOPAT Margin |
|
29.87% |
32.83% |
28.83% |
28.95% |
25.99% |
21.92% |
31.91% |
28.00% |
29.06% |
30.83% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
43.79% |
43.90% |
44.99% |
47.47% |
52.93% |
54.14% |
52.06% |
49.22% |
48.93% |
45.41% |
Operating Expenses to Revenue |
|
56.71% |
57.72% |
59.27% |
63.42% |
69.60% |
71.96% |
65.78% |
63.77% |
64.23% |
59.62% |
Earnings before Interest and Taxes (EBIT) |
|
18 |
19 |
16 |
16 |
12 |
10 |
16 |
15 |
16 |
18 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
20 |
21 |
18 |
17 |
15 |
9.99 |
18 |
16 |
17 |
20 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
1.31 |
1.21 |
1.05 |
0.91 |
0.83 |
1.05 |
0.95 |
0.94 |
1.13 |
1.16 |
Price to Tangible Book Value (P/TBV) |
|
1.69 |
1.53 |
1.32 |
1.14 |
1.05 |
1.30 |
1.17 |
1.15 |
1.37 |
1.41 |
Price to Revenue (P/Rev) |
|
2.96 |
2.89 |
2.62 |
2.33 |
2.25 |
3.17 |
2.96 |
2.96 |
3.55 |
3.49 |
Price to Earnings (P/E) |
|
9.03 |
8.87 |
8.50 |
7.73 |
7.68 |
11.93 |
10.83 |
10.94 |
12.73 |
11.64 |
Dividend Yield |
|
4.04% |
4.28% |
4.84% |
5.66% |
6.26% |
4.73% |
5.14% |
5.15% |
4.11% |
3.97% |
Earnings Yield |
|
11.08% |
11.28% |
11.77% |
12.94% |
13.02% |
8.39% |
9.23% |
9.14% |
7.85% |
8.59% |
Enterprise Value to Invested Capital (EV/IC) |
|
1.06 |
1.02 |
0.95 |
0.86 |
0.70 |
0.92 |
0.82 |
0.88 |
0.93 |
0.88 |
Enterprise Value to Revenue (EV/Rev) |
|
4.98 |
4.13 |
5.06 |
4.53 |
4.02 |
5.80 |
5.88 |
6.02 |
6.05 |
5.35 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
10.87 |
9.16 |
11.90 |
10.86 |
9.68 |
15.76 |
15.67 |
16.28 |
16.60 |
13.32 |
Enterprise Value to EBIT (EV/EBIT) |
|
12.09 |
10.11 |
13.09 |
11.95 |
10.96 |
17.60 |
17.44 |
18.09 |
17.74 |
14.47 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
15.15 |
12.68 |
16.43 |
15.00 |
13.71 |
21.84 |
21.51 |
22.23 |
21.73 |
17.87 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
8.19 |
7.41 |
12.25 |
12.20 |
6.94 |
14.04 |
13.35 |
14.21 |
157.77 |
15.54 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
7.96 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
519.47 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
1.08 |
0.69 |
1.14 |
1.05 |
1.11 |
1.07 |
1.29 |
1.17 |
1.06 |
1.03 |
Long-Term Debt to Equity |
|
0.10 |
0.10 |
0.10 |
0.09 |
0.10 |
0.09 |
0.09 |
0.09 |
0.08 |
0.08 |
Financial Leverage |
|
0.74 |
0.57 |
0.86 |
0.99 |
1.10 |
0.89 |
1.22 |
1.12 |
1.08 |
1.05 |
Leverage Ratio |
|
11.32 |
11.26 |
11.76 |
12.27 |
12.67 |
12.03 |
11.91 |
11.75 |
11.60 |
11.22 |
Compound Leverage Factor |
|
11.32 |
11.26 |
11.76 |
12.27 |
12.67 |
12.03 |
11.91 |
11.75 |
11.60 |
11.22 |
Debt to Total Capital |
|
51.92% |
40.68% |
53.30% |
51.31% |
52.62% |
51.70% |
56.29% |
54.01% |
51.41% |
50.64% |
Short-Term Debt to Total Capital |
|
46.97% |
34.86% |
48.85% |
46.69% |
48.08% |
47.38% |
52.42% |
50.00% |
47.35% |
46.52% |
Long-Term Debt to Total Capital |
|
4.95% |
5.83% |
4.45% |
4.62% |
4.53% |
4.33% |
3.86% |
4.01% |
4.06% |
4.12% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
48.08% |
59.32% |
46.70% |
48.69% |
47.38% |
48.30% |
43.71% |
45.99% |
48.59% |
49.36% |
Debt to EBITDA |
|
5.33 |
3.64 |
6.70 |
6.51 |
7.23 |
8.82 |
10.71 |
10.05 |
9.15 |
7.66 |
Net Debt to EBITDA |
|
4.39 |
2.75 |
5.74 |
5.27 |
4.26 |
7.16 |
7.78 |
8.27 |
6.87 |
4.64 |
Long-Term Debt to EBITDA |
|
0.51 |
0.52 |
0.56 |
0.59 |
0.62 |
0.74 |
0.74 |
0.75 |
0.72 |
0.62 |
Debt to NOPAT |
|
7.44 |
5.04 |
9.25 |
9.00 |
10.24 |
12.22 |
14.70 |
13.71 |
11.98 |
10.28 |
Net Debt to NOPAT |
|
6.13 |
3.81 |
7.93 |
7.28 |
6.03 |
9.91 |
10.68 |
11.29 |
9.00 |
6.23 |
Long-Term Debt to NOPAT |
|
0.71 |
0.72 |
0.77 |
0.81 |
0.88 |
1.02 |
1.01 |
1.02 |
0.95 |
0.84 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
-80 |
52 |
-218 |
-85 |
-72 |
-256 |
-139 |
-133 |
-100 |
-37 |
Operating Cash Flow to CapEx |
|
3,838.38% |
2,451.26% |
2,932.53% |
3,178.85% |
6,775.14% |
-1,266.48% |
3,258.53% |
1,124.92% |
-847.63% |
2,125.39% |
Free Cash Flow to Firm to Interest Expense |
|
-11.87 |
4.20 |
-11.84 |
-3.65 |
-2.85 |
-9.44 |
-4.79 |
-4.45 |
-3.31 |
-1.30 |
Operating Cash Flow to Interest Expense |
|
2.25 |
1.66 |
0.79 |
0.73 |
1.88 |
-0.42 |
0.61 |
0.48 |
-0.48 |
1.54 |
Operating Cash Flow Less CapEx to Interest Expense |
|
2.19 |
1.59 |
0.76 |
0.71 |
1.85 |
-0.45 |
0.60 |
0.44 |
-0.54 |
1.47 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.03 |
0.03 |
0.03 |
0.03 |
0.03 |
0.03 |
0.03 |
0.03 |
0.03 |
0.03 |
Fixed Asset Turnover |
|
5.11 |
5.11 |
5.11 |
5.02 |
4.81 |
4.60 |
4.56 |
4.57 |
4.74 |
4.91 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
896 |
761 |
996 |
960 |
978 |
1,025 |
1,147 |
1,105 |
1,091 |
1,076 |
Invested Capital Turnover |
|
0.22 |
0.24 |
0.21 |
0.20 |
0.18 |
0.18 |
0.15 |
0.16 |
0.16 |
0.17 |
Increase / (Decrease) in Invested Capital |
|
95 |
-36 |
231 |
98 |
81 |
264 |
152 |
145 |
113 |
51 |
Enterprise Value (EV) |
|
948 |
779 |
942 |
821 |
689 |
947 |
945 |
968 |
1,017 |
947 |
Market Capitalization |
|
565 |
545 |
487 |
423 |
386 |
517 |
476 |
476 |
596 |
617 |
Book Value per Share |
|
$29.47 |
$30.98 |
$31.91 |
$32.03 |
$31.83 |
$34.01 |
$34.43 |
$34.80 |
$36.36 |
$36.44 |
Tangible Book Value per Share |
|
$22.88 |
$24.37 |
$25.31 |
$25.45 |
$25.25 |
$27.43 |
$27.87 |
$28.27 |
$29.82 |
$29.92 |
Total Capital |
|
896 |
761 |
996 |
960 |
978 |
1,025 |
1,147 |
1,105 |
1,091 |
1,076 |
Total Debt |
|
465 |
310 |
531 |
493 |
514 |
530 |
646 |
597 |
561 |
545 |
Total Long-Term Debt |
|
44 |
44 |
44 |
44 |
44 |
44 |
44 |
44 |
44 |
44 |
Net Debt |
|
383 |
234 |
455 |
398 |
303 |
430 |
469 |
491 |
421 |
330 |
Capital Expenditures (CapEx) |
|
0.40 |
0.84 |
0.50 |
0.54 |
0.70 |
0.89 |
0.55 |
1.29 |
1.71 |
2.03 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
465 |
310 |
531 |
493 |
514 |
530 |
646 |
597 |
561 |
545 |
Total Depreciation and Amortization (D&A) |
|
1.97 |
1.72 |
1.57 |
1.59 |
3.41 |
-0.29 |
1.40 |
1.40 |
1.42 |
1.43 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.97 |
$1.05 |
$0.87 |
$0.85 |
$0.67 |
$0.59 |
$0.91 |
$0.82 |
$0.90 |
$1.00 |
Adjusted Weighted Average Basic Shares Outstanding |
|
14.62M |
14.64M |
14.57M |
14.56M |
14.56M |
14.56M |
14.57M |
14.59M |
14.58M |
14.58M |
Adjusted Diluted Earnings per Share |
|
$0.97 |
$1.05 |
$0.87 |
$0.85 |
$0.67 |
$0.58 |
$0.91 |
$0.81 |
$0.90 |
$1.00 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
14.68M |
14.70M |
14.63M |
14.60M |
14.60M |
14.61M |
14.63M |
14.65M |
14.65M |
14.63M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
14.57M |
14.57M |
14.59M |
14.55M |
14.56M |
14.57M |
14.61M |
14.57M |
14.58M |
16.86M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
14 |
15 |
13 |
12 |
9.79 |
8.48 |
13 |
12 |
14 |
15 |
Normalized NOPAT Margin |
|
29.87% |
32.83% |
28.83% |
28.95% |
25.99% |
21.92% |
31.91% |
28.00% |
30.39% |
30.83% |
Pre Tax Income Margin |
|
37.50% |
41.28% |
36.20% |
36.34% |
31.93% |
26.57% |
39.27% |
34.72% |
35.24% |
38.68% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
2.65 |
1.56 |
0.87 |
0.67 |
0.48 |
0.38 |
0.57 |
0.50 |
0.53 |
0.66 |
NOPAT to Interest Expense |
|
2.11 |
1.24 |
0.69 |
0.53 |
0.39 |
0.31 |
0.46 |
0.40 |
0.43 |
0.52 |
EBIT Less CapEx to Interest Expense |
|
2.59 |
1.50 |
0.84 |
0.64 |
0.45 |
0.35 |
0.55 |
0.45 |
0.47 |
0.58 |
NOPAT Less CapEx to Interest Expense |
|
2.05 |
1.18 |
0.66 |
0.51 |
0.36 |
0.28 |
0.44 |
0.36 |
0.38 |
0.45 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
36.80% |
38.27% |
41.37% |
43.82% |
48.25% |
56.56% |
55.86% |
56.37% |
52.43% |
46.33% |
Augmented Payout Ratio |
|
60.99% |
54.94% |
58.17% |
52.96% |
52.77% |
61.17% |
60.41% |
60.01% |
55.94% |
49.37% |
Key Financial Trends
Camden National (NASDAQ:CAC) has demonstrated steady financial performance through the last four years based on the analyzed quarterly statements. Key trends and factors are as follows:
- Consistent growth in net interest income: From Q3 2022 through Q4 2024, net interest income increased from around $37.8 million to about $35.4 million in Q4 2024. Although slightly fluctuating, the general trend shows healthy income from loans and leases.
- Solid net income growth: Quarterly net income rose from $9.8 million in Q3 2023 to $14.7 million in Q4 2024, reflecting improving profitability.
- Stable earnings per share: Diluted EPS increased steadily from $0.67 in Q3 2023 to $1.00 in Q4 2024, indicating improving shareholder value.
- Healthy operating cash flow: Notable positive shifts in net cash from continuing operating activities, including a significant boost to $43.2 million in Q4 2024 from negative cash flow in earlier quarters, suggesting improved cash generation.
- Stable dividend payments: Cash dividends per share remained consistent at $0.42 over recent quarters, supporting shareholder returns.
- Total assets remained relatively stable around $5.7 billion, with slight fluctuations quarter-to-quarter, reflecting steady balance sheet management.
- Salaries and employee benefits expense showed moderate fluctuations but remained a consistent portion of non-interest expenses, reflecting ongoing operational cost management.
- Provisions for credit losses increased slightly in recent quarters, signaling cautious risk management in loan portfolios.
- Volatility in non-interest income: For example, in Q4 2023, other service charges were notably negative, contrasting with prior/following quarters, which could signal some irregular income sources.
- Investing activities showed large swings, with significant purchases and sales of investment securities causing net cash from investing activities to swing markedly, indicating potential volatility in investment asset management.
Overall, Camden National exhibits sound growth in interest income and net income, stable EPS improvement, and maintained dividend payouts, which are positive for investors. Some volatility in non-interest income and investment activities suggest monitoring those elements for ongoing consistency. The company's stable asset base and improving operating cash flow reflect strong operational execution in recent quarters.
08/04/25 06:47 AMAI Generated. May Contain Errors.