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Camden National (CAC) Financials

Camden National logo
$41.14 +0.34 (+0.83%)
Closing price 08/27/2025 04:00 PM Eastern
Extended Trading
$41.08 -0.05 (-0.13%)
As of 08/27/2025 04:10 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
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Annual Income Statements for Camden National

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.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 61 43 53
Consolidated Net Income / (Loss)		 61 43 53
Net Income / (Loss) Continuing Operations		 61 43 53
Total Pre-Tax Income 		77 54 65
Total Revenue		 188 163 177
Net Interest Income / (Expense)		 148 132 132
Total Interest Income		 173 226 250
Loans and Leases Interest Income		 145 195 215
Investment Securities Interest Income		 28 31 35
Total Interest Expense		 25 94 117
Deposits Interest Expense		 20 79 96
Long-Term Debt Interest Expense		 4.79 15 21
Total Non-Interest Income		 41 31 45
Other Service Charges		 40 12 42
Net Realized & Unrealized Capital Gains on Investments		 -0.91 -10 0.00
Other Non-Interest Income		 1.90 29 2.81
Provision for Credit Losses		 4.50 2.10 -0.40
Total Non-Interest Expense		 107 107 112
Salaries and Employee Benefits		 62 60 64
Net Occupancy & Equipment Expense		 21 21 22
Other Operating Expenses		 24 26 24
Amortization Expense		 0.63 0.59 0.56
Restructuring Charge		 0.00 0.00 1.16
Income Tax Expense		 16 10 12
Basic Earnings per Share		 $4.18 $2.98 $3.63
Weighted Average Basic Shares Outstanding		 14.64M 14.56M 14.58M
Diluted Earnings per Share		 $4.17 $2.97 $3.62
Weighted Average Diluted Shares Outstanding		 14.70M 14.61M 14.63M
Weighted Average Basic & Diluted Shares Outstanding		 14.57M 14.57M 16.86M
Cash Dividends to Common per Share		 $1.62 $1.68 $1.68

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
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
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
Period end date 12/31/2022 12/31/2023 12/31/2024
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
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
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
Period end date 12/31/2022 12/31/2023 12/31/2024
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
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024
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
Period end date 12/31/2022 12/31/2023 12/31/2024
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
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
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 consistent profitability and steady growth over the past two years through Q4 2024, supported by solid interest income streams and controlled expenses.

Key positive trends and highlights:

  • Net Interest Income grew from approximately $37.8 million in Q3 2022 to $35.4 million in Q4 2024, showing resilience despite some quarter-to-quarter fluctuations.
  • Total Revenue increased from $47.8 million in Q3 2022 to $47.6 million in Q4 2024, indicating stability in core banking operations.
  • Net Income attributable to common shareholders rose from about $9.8 million in Q3 2022 to $14.7 million in Q4 2024, reflecting improved profitability.
  • Basic and diluted earnings per share increased steadily, reaching $1.00 EPS in Q4 2024 compared to around $0.67 in Q3 2022, benefiting shareholders with enhanced returns.
  • Provision for credit losses has remained relatively low, evidencing controlled credit risk management.
  • Cash dividends per share were consistently maintained at $0.42 in 2024 and slightly lower but steady around $0.40-$0.42 in prior years, reflecting a stable dividend policy.
  • Operating cash flow improved dramatically from negative $14.5 million in Q3 2024 to positive $43.2 million in Q4 2024, signifying strengthened cash generation capabilities.
  • Total assets have grown from approximately $5.55 billion in Q3 2022 to about $5.75 billion in Q3 2024, showing asset base expansion.
  • Loan and lease balances increased significantly from about $3.82 billion net of allowances in Q3 2022 to over $4.08 billion in Q3 2024, supporting interest income growth.
  • Common equity increased from around $431 million in Q3 2022 to nearly $530 million in Q3 2024, illustrating capital strength and shareholder value growth.

Neutral observations:

  • Interest expense fluctuated over time, influenced by long-term debt and deposit costs, but generally remained in proportion to interest income.
  • Non-interest income components were mixed, with some quarters showing negative or volatile components (e.g., large negative other service charges in Q4 2023), suggesting variability in fee income or trading-related results.
  • Amortization expense remained steady at around $139,000 per quarter, indicating stable intangible asset amortization.
  • The company regularly repurchases common equity in small amounts, which has a neutral effect on shares outstanding but is a sign of capital management strategy.
  • Loan loss allowance stayed relatively consistent, balancing the loan growth, and supported by low provisions for credit losses overall.

Negative factors to monitor:

  • The large swings in cash flow from investing activities, including significant purchase and sale of investment securities and big negative 'Other Investing Activities, net' (e.g., -$164 million in Q4 2022), may indicate less predictable investment portfolio activity impacting liquidity.
  • Some quarters showed substantial restructuring or other operating charges (e.g., $727,000 restructuring charge in Q3 2024), which could weigh on profitability if recurring.
  • Volatility in operating cash flow, including notably negative operating cash flow in Q3 2024 (-$14.5 million), raises some caution around working capital and operational cash management.

Summary: Camden National exhibits a healthy growth trajectory with increasing earnings, stable dividend payouts, and asset growth aligning with a community bank’s profile. While managing fluctuations in non-interest income and investment activities, the company’s strong capitalization, expanding balance sheet, and improving net income create a positive outlook for continued stable performance.

08/28/25 01:31 AM ETAI Generated. May Contain Errors.

Financials Breakdown Chart

Frequently Asked Questions About Camden National's Financials

When does Camden National's fiscal year end?

According to the most recent income statement we have on file, Camden National's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Camden National's net income changed over the last 2 years?

Camden National's net income appears to be on a downward trend, with a most recent value of $53.00 million in 2024, falling from $61.44 million in 2022. The previous period was $43.38 million in 2023. View Camden National's forecast to see where analysts expect Camden National to go next.

How has Camden National's revenue changed over the last 2 years?

Over the last 2 years, Camden National's total revenue changed from $188.40 million in 2022 to $176.99 million in 2024, a change of -6.1%.

How much debt does Camden National have?

Camden National's total liabilities were at $5.27 billion at the end of 2024, a 1.0% increase from 2023, and a 1.0% increase since 2022.

How much cash does Camden National have?

In the past 2 years, Camden National's cash and equivalents has ranged from $50.57 million in 2022 to $77.65 million in 2023, and is currently $62.38 million as of their latest financial filing in 2024.

How has Camden National's book value per share changed over the last 2 years?

Over the last 2 years, Camden National's book value per share changed from 30.98 in 2022 to 36.44 in 2024, a change of 17.6%.


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This page (NASDAQ:CAC) was last updated on 8/28/2025 by MarketBeat.com Staff
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