Camden National Corporation (NASDAQ:CAC ) Q1 2025 Earnings Conference Call May 6, 2025 2:00 PM ET Company Participants Renée Smyth - Executive Vice President, Chief Experience and Marketing Officer Simon Griffiths - President and CEO Mike Archer - Executive Vice President and CFO Conference Call Participants Steve Moss - Raymond James Matthew Breese - Stephens Damon DelMonte - KBW Operator Good day. And welcome to Camden National Corporation's First Quarter 2025 Earnings Conference Call.
Although the revenue and EPS for Camden National (CAC) give a sense of how its business performed in the quarter ended March 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Camden National (CAC) came out with quarterly earnings of $0.95 per share, missing the Zacks Consensus Estimate of $0.99 per share. This compares to earnings of $0.86 per share a year ago.
Camden National Corporation is set to report Q1 earnings on May 6, with expectations of strong performance following its Northway Bank merger. Camden's conservative approach to deposits and lending, coupled with solid fundamentals, positions it well despite a challenging macroeconomic backdrop. Trading at just 8.5x forward earnings with a 4.5% dividend yield, Camden is undervalued, offering strong capital metrics and profitability.
Camden National (CAC) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Camden National Corporation's strong financial history and low loan losses make its current share price appealing, especially with an EPS estimate of $5/share for FY 2026. The acquisition of Northway Bank expands Camden's reach into New Hampshire, with minimal impact on the loan book and promising cost savings. Camden's robust loan book, with limited past-due loans, supports its ability to maintain low loan loss provisions and strong financial performance.
Camden National (CAC) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.
Camden National (CAC) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
FUNC, TAP and CAC made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on March 6, 2025.
Camden National Corporation (NASDAQ:CAC ) Q4 2024 Earnings Conference Call January 28, 2025 3:00 PM ET Company Participants Renée Smyth - Chief Experience and Marketing Officer Simon Griffiths - President and Chief Executive Officer Michael Archer - Chief Financial Officer Conference Call Participants Steve Moss - Raymond James Financial, Inc. Damon DelMonte - Keefe, Bruyette & Woods, Inc. Matthew Breese - Stephens Inc. Operator Good day, and welcome to Camden National Corporation's Fourth Quarter 2024 Earnings Conference Call. My name is Elliot, and I'll be your operator for today's call.
Although the revenue and EPS for Camden National (CAC) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Camden National (CAC) came out with quarterly earnings of $1.03 per share, beating the Zacks Consensus Estimate of $0.89 per share. This compares to earnings of $0.85 per share a year ago.