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Camden National Corp. (CAC)
NASDAQ:CAC
Earnings Data
Report Date
Jul 29, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
1.06Last Year’s EPS
0.81Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 06, 2025
|% Change Since: -9.85%
|Next Earnings Date:Jul 29, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong start to 2025 for Camden National Corporation, with successful merger integration, strong asset quality, and cost-saving measures contributing positively. However, there are challenges in the form of decreased non-interest income and increased loan loss provisions due to macroeconomic uncertainties.Company Guidance
During Camden National Corporation's first quarter 2025 earnings call, Simon Griffiths, the President and CEO, highlighted several key financial metrics and strategic achievements. The company reported a core net income of $16 million, while GAAP net income stood at $7.3 million, translating to $0.43 of diluted earnings per share. Excluding merger-related costs, non-GAAP core net income increased by 6% over the previous quarter. The company's core net interest margin expanded by 11 basis points to 2.68%, reflecting successful cost management and the integration of Northway Financial. With the merger, Camden National now operates 73 branches and has $7 billion in assets. The company anticipates achieving 75% of its 35% annual cost-saving goal from Northway's operating expenses in 2025. Furthermore, the loan loss reserve ratio increased to 0.96% as a precautionary measure against macroeconomic uncertainties. Overall, the company is optimistic about its strategic positioning and continued growth prospects.Successful Merger and Integration
Camden National Corporation successfully closed its merger with Northway Financial, welcoming over 28,000 new customers and 100 new team members. The integration was completed in 74 days, expanding the bank’s reach to 73 branches and $7 billion in assets.
Cost Savings and Efficiency Goals
The company is on track to achieve a 35% annual cost saving goal from Northway's operating expenses, expecting to realize 75% of this goal during 2025. This includes coming in under the pre-tax merger cost target of $13.5 million.
Solid Financial Performance
Reported GAAP net income of $7.3 million for Q1 2025 with a core net interest margin expansion of 11 basis points to 2.68%.
Strong Asset Quality
Non-performing loans were just 15 basis points of total loans, and delinquent loans were 7 basis points of total loans, reflecting strong asset quality.
Expansion of Market Presence
Expanded capabilities and customer reach through strategic technology investments and a strong New Hampshire presence.
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CAC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CAC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 28, 2025 | $43.94 | $44.91 | +2.21% |
| Oct 29, 2024 | $40.60 | $41.32 | +1.77% |
| Jul 30, 2024 | $38.82 | $40.10 | +3.30% |
| Apr 30, 2024 | $28.88 | $29.90 | +3.53% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Camden National Corp. (CAC) report earnings?
Camden National Corp. (CAC) is schdueled to report earning on Jul 29, 2025, TBA Not Confirmed.
What is Camden National Corp. (CAC) earnings time?
Camden National Corp. (CAC) earnings time is at Jul 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CAC EPS forecast?
CAC EPS forecast for the fiscal quarter 2025 (Q2) is 1.06.
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