Camden National Corporation (3LR)
XDUS 
Summary
3LR Chart
Camden National Corporation: Quality Comes At A Price
Camden National Corporation (CAC) demonstrates improved earnings quality, with Q2 2026 EPS of $1.35, exceeding expectations and reflecting robust operational enhancements. Loan portfolio is balanced between commercial and consumer, with residential real estate exposure at 47.3% and HELOC balances expanding 23% year-over-year. Valuation is elevated at 1.78x TBV, but strong asset quality, efficiency, and PEG ratio below 0.5 justify a Buy rating despite muted loan growth.
Camden National Q2 Earnings Call Highlights
Camden National NASDAQ: CAC reported record second-quarter net income of $23 million, or $1.35 per diluted share, as loan growth, margin expansion and higher fee income supported results. Net income and diluted earnings per share each increased 5% from the first quarter, according to President and Chief Executive Officer Simon Griffiths.
Camden National (CAC) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for Camden National (CAC) give insight into how the company performed in the quarter ended June 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
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Camden National Corporation Profile
| Banks Industry | Financials Sector | Simon R. Griffiths CEO | XDUS Exchange | US1330341082 ISIN |
| US Country | 683 Employees | 15 Jul 2026 Last Dividend | 3 Oct 2016 Last Split | 7 Oct 1997 IPO Date |
Overview
Camden National Corporation serves as a pivotal bank holding company for Camden National Bank, primarily focusing on delivering a comprehensive array of commercial and consumer banking solutions. Catering to a diverse clientele, including consumer, institutional, municipal, non-profit, and commercial customers, the company has established a strong presence in Maine, New Hampshire, and Massachusetts. Founded in the year 1875, Camden National Corporation has rooted its headquarters in Camden, Maine, symbolizing over a century-long commitment to excellence in banking and finance. Through its expansive services, the corporation seeks to fulfill the varying financial needs of its customers, ensuring reliability, and fostering growth within the communities it serves.
Products and Services
- Banking Deposits: The company provides a comprehensive suite of deposit products including checking accounts, savings accounts, time deposits, and brokered deposits. Additionally, it engages in the certificate of deposit account registry system to offer enhanced deposit options.
- Loan Products: Its loan portfolio is quite diverse, offering non-owner-occupied commercial real estate loans, owner-occupied commercial real estate loans, and unsecured fully-guaranteed commercial loans backed by the Small Business Administration. Furthermore, Camden National Corporation provides loans secured by one- to four-family properties alongside consumer and home equity loans, catering to a wide range of borrowing needs.
- Brokerage and Insurance Services: Beyond traditional banking products, the corporation extends brokerage and insurance services. These offerings encompass college planning, retirement planning, estate planning, mutual funds, strategic asset management accounts, and both variable and fixed annuities, designed to secure and grow customers' financial assets.
- Wealth Management Services: Camden National Corporation offers an array of fiduciary and asset management services. This includes wealth management, investment management, financial planning, and trustee services, aimed at helping clients manage, preserve, and enhance their wealth over time.
