Camden National Corporation operates as the bank holding company for Camden National Bank that provides various commercial and consumer banking products and ...
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Est. EPS $1.35 · Revenue $68.27M · 3 analysts
Est. EPS $1.41 · Revenue $69.93M · 3 analysts
Est. EPS $5.40 · Revenue $270.14M · 3 analysts
Est. EPS $1.35 · Revenue $68.57M · 1 analysts
$1.68 per share
$1.68 per share
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $367.3M | +26.8% | +0.8% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $65.2M | +22.9% | +5.2% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +62.8% | +5.7% | +0.3% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +22.2% | -1.7% | -8.3% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +17.7% | -3.0% | +4.4% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $58.2M | +5.1% | +64.0% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +15.8% | -17.1% | +62.8% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 92.5% | -9.8% | -7.3% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 1.77x | +1051.8% | +22.8% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $7.0B | +20.1% | -0.2% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 3.84 vs 4.43 | -13.3% | 1.35 vs 1.29 | +4.9% |
| Revenue Surprise | $367.3M vs $253.8M | +44.7% | $79.0M vs $66.4M | +18.9% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 14, 2026 | Boey Brandon Y | officer: EVP | Common Stock | A | 246 | — |
| Aug 14, 2026 | Boey Brandon Y | officer: EVP | Common Stock | A | 834 | — |
| Aug 14, 2026 | Boey Brandon Y | officer: EVP | Common Stock | A | 632 | — |
| Aug 14, 2026 | Nash Joshua M | officer: EVP | Common Stock | A | 246 | — |
| Aug 14, 2026 | Nash Joshua M | officer: EVP | Common Stock | A | 834 | — |
Operator: Good day and welcome to Camden National Corporation's Second Quarter 2026 Earnings Conference Call. My name is Marina Toft, and I will be your operator for today's call. All participants will be in a listen-only mode during today's presentation. Following the presentation, we will conduct a question-and-answer session. If you would like to ask a question, please press *1 to raise your hand. To withdraw your question, press *1 again. I will now turn the call over to Renée Smyth, Executive Vice President, Chief Experience and Marketing Officer. Renée D. Smyth: Welcome to Camden National Corporation's second quarter 2026 Earnings Conference Call. With me today are Simon Griffiths, our President and Chief Executive Officer and Mike Archer, our Executive Vice President and Chief Financial Officer. Before we begin, please note that today's remarks include forward-looking statements and actual results could differ materially from what we discuss on the call. You can find cautionary language about these statements in our second quarter 2026 earnings release issued this morning and in our other SEC filings. All of these materials and public filings are available on our Investor website at camdennational.bank. Camden National Corporation trades on Nasdaq under the symbol CAC. We will also refer to non-GAAP financial measures during the call. These measures provide additional insight into our performance and reconciliations to GAAP are included in today's earnings release. With that, I will turn the call over to Simon. Simon Griffiths: Good afternoon, everyone, and thank you, Renée. Early this morning, we reported record quarterly net income of $23 million and record diluted earnings per share of $1.35 for the second quarter. Both net income and diluted EPS increased 5% from the first quarter, underscoring the earnings power we are building across the franchise. Our performance was broad-based. We delivered loan growth, expanded our committed loan pipeline, improved net interest margin and generated strong fee income growth. Through the first six months of the year, we produced record net income of $44.9 million and diluted EPS of $2.64 reflecting focused execution across our core businesses. These results demonstrate that our strategy is working. We are growing the franchise with purpose and investing in capabilities, that strengthen our competitive position and improve how we serve our customers and communities. Our performance is also reflected in national recognition and customer trust So far this year, Camden National Bank was named to Time Magazine's list of America's best companies and recognized by Forbes as one of America's best banks. These achievements reflect our financial discipline, customer focus, continued momentum and long-term stability. We enter the second half of the year with a resilient balance sheet, Total assets were $7 billion at quarter end, Credit quality metrics remained strong. Capital levels remained well above …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Simon Griffiths | Chief Executive Officer, President & Director | USD 1,618,275 | Male | 1974 | Active |
Michael R. Archer | Executive Vice President & Chief Financial Officer | USD 687,475 | Male | 1984 | Active |
William H. Martel | Executive Vice President of Technology & Support Services and Chief Technology Officer | USD 605,082 | Male | 1970 | Active |
Ryan A. Smith | Executive Vice President of Commercial Banking | USD 600,084 | Male | 1973 | Active |
Patricia A. Rose | Executive Vice President of Retail & Mortgage Banking officer | USD 595,555 | Female | 1964 | Active |
Katherine W. Brunelle | Executive Vice President & Chief Credit Officer | USD 508,651 | Female | — | Active |
Timothy Nightingale | Executive Vice President & Chief Credit Officer | USD 508,651 | Male | 1958 | Active |
Andrew R. Forbes | Executive Vice President & Chief Human Resources Officer | — | Male | 1972 | Active |
David Ackley Jr. | Executive Vice President & Chief Risk Officer | — | Male | 1976 | Active |
Garrett Mcknight | Executive Vice President & MD of Camden National Wealth Management | — | Male | 1972 | Active |
Brandon Boey | Senior VP, General Counsel & Corporate Secretary | — | Male | 1979 | Active |
Renée D. Smyth | Executive Vice President and Chief Experience & Marketing Officer | — | Female | 1971 | Active |
Empowered Funds LLC raised its position in shares of Camden National Corporation (NASDAQ: CAC) by 322.3% in the undefined quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 69,644 shares of the financial services provider's stock after purchasing an additional 53,154
Camden National Bank Names Josh Nash Chief Technology Officer, Advancing Its Digital Innovation Strategy PR Newswire
Promotion reinforces Camden National Bank's investment in secure technology, stronger data capabilities, and continued digital progress. CAMDEN, Maine, Aug. 3, 2026 /PRNewswire/ -- Camden National Bank announced today that Josh Nash has been promoted to Executive Vice President, Chief Technology Officer, succeeding William "Bill" Martel, who has retired after a distinguished career with the Bank.
/PRNewswire/ -- Camden National Bank announced the launch of a refreshed digital experience that makes it easier for customers to find information, explore
Camden National Corporation (CAC) Q2 2026 Earnings Call Transcript
