Camden National reports Q2 EPS 83c, consensus $1.11

Q2 net interest margin increased 2 basis points to 3.06% from Q1. Tangible book value per share totaled $26.90, an increase of 3%. Common equity Tier 1 risk-based capital ratio was 10.88%, Tier 1 risk-based capital ratio was 12.18%, total risk-based capital ratio was 13.35% and Tier 1 leverage ratio was 8.74%. “We’re pleased to report strong results in our first full quarter as a unified organization following the Northway Financial acquisition,” said CEO Simon Griffiths. “During the quarter, we began to unlock the financial potential of the combined franchise, with pre-tax, pre-provision income-excluding one-time merger-related expenses-increasing 13% over the prior quarter. This performance reflects achievement of cost synergies and solid revenue growth, reinforcing the strategic value of the acquisition and positioning us for continued net interest margin expansion and earnings growth in the second half of 2025.”