Camden National (CAC) AI Stock Analysis

• Market Cap: $756.25M
• Dividend Yield: 3.66%
• Average Volume (3M): 75.77K
• Price to Earnings (P/E): 12.7
• Beta (1Y): 0.87
• Revenue Growth: 24.08%
• EPS Growth: 9.83%
• Country: US
• Employees: 586
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 1.24
• Shares Outstanding: 16,922,226
• 10 Day Avg. Volume: 103,617
• 30 Day Avg. Volume: 75,767
• PEG Ratio: 0.54
• Price to Book (P/B): 1.17
• Price to Sales (P/S): 2.15
• P/FCF Ratio: 11.26
• Enterprise Value/Market Cap: 1.88
• Enterprise Value/Revenue: 4.12
• Enterprise Value/Gross Profit: 6.84
• Enterprise Value/Ebitda: 18.17
• 1Y Price Target: $45.00
• Price Target Upside: 0.69% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): 4.45
• Revenue Forecast (FY): $249.73M

• Rating: 78 Outperform
• Price Target: $53.00 ▲(18.59% Upside)

Camden National's strong technical momentum and robust earnings performance are the primary drivers of its high score. The company's stable financial position and reasonable valuation further support the positive outlook. However, potential challenges in revenue growth and operational efficiency, along with expected increases in operating expenses, warrant attention.

Positive Factors

Digital Engagement Growth

The significant growth in digital account origination indicates strong adoption of digital banking solutions, enhancing customer convenience and operational efficiency, which can drive long-term growth and customer retention.

Successful Acquisition Integration

The successful integration of Northway Financial strengthens Camden National's market presence and operational capabilities, potentially leading to cost savings and enhanced earnings, supporting long-term strategic growth.

Strong Noninterest Income Growth

Growth in noninterest income diversifies revenue streams and reduces reliance on interest income, providing stability and resilience against interest rate fluctuations, which is beneficial for long-term financial health.

Negative Factors

Significant Loan Charge-Off

The significant loan charge-off indicates potential risk in loan portfolio management, which could impact future profitability and necessitate more conservative lending practices.

Decline in Revenue Growth

A decline in revenue growth suggests challenges in maintaining market competitiveness and could pressure future earnings, necessitating strategic adjustments to sustain growth.

Increased Operating Expenses Expected

Rising operating expenses can erode profit margins and limit financial flexibility, requiring effective cost management to maintain profitability and support long-term growth.

Camden National Business Overview & Revenue Model

Company Description

Camden National Corporation (CAC) is a financial services holding company headquartered in Camden, Maine, primarily operating in the banking sector. The company offers a wide range of financial products and services through its subsidiary, Camden National Bank, including personal and business banking, mortgage lending, wealth management, and investment services. Camden National serves both individual and commercial clients across Maine and New Hampshire, focusing on community banking and strong customer relationships.

How the Company Makes Money

Camden National generates revenue primarily through interest income from loans, which includes personal, commercial, and mortgage loans. In addition to interest income, the company earns non-interest income from fees associated with various banking services, including account maintenance, transaction fees, and investment advisory services. The bank's investment management and wealth management services also contribute to its revenue streams. Significant partnerships with local businesses and community organizations help drive customer engagement and loyalty, further enhancing the company's earnings potential. Additionally, Camden National may benefit from economic growth in its operating regions, which can lead to increased loan demand and higher asset quality.

Camden National Financial Statement Overview

Summary

Camden National demonstrates a stable financial position with strong profitability and cash flow management. Despite the decline in revenue growth and gross profit margin, the company maintains healthy profit margins and a manageable debt level. The significant improvement in free cash flow growth is a positive indicator of future financial flexibility. However, attention to revenue growth and operational efficiency is necessary to sustain long-term performance.

Income Statement

Camden National's income statement shows a mixed performance. The TTM data indicates a decline in revenue growth rate by 4.71%, which is concerning. However, the company maintains a strong net profit margin of 20.63% and a healthy EBITDA margin of 35.82%. The gross profit margin has decreased significantly compared to previous years, indicating potential cost management issues.

Balance Sheet

The balance sheet reflects a stable financial position with a debt-to-equity ratio of 1.11, which is manageable for a regional bank. The return on equity is 9.16%, showing a slight decline but still reasonable. The equity ratio stands at 9.69%, indicating a solid equity base relative to total assets.

Cash Flow

Cash flow analysis reveals a robust free cash flow growth rate of 193.17% in the TTM period, suggesting improved cash generation capabilities. The operating cash flow to net income ratio is low at 4.78%, indicating potential inefficiencies in converting income into cash. However, the free cash flow to net income ratio is strong at 80.45%, highlighting effective cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	345.48M	289.72M	250.32M	208.89M	193.91M	203.94M
Gross Profit	207.99M	172.11M	156.07M	179.29M	186.05M	170.63M
EBITDA	78.28M	69.33M	57.80M	81.16M	91.00M	78.91M
Net Income	57.27M	53.00M	43.38M	61.44M	69.01M	59.49M
Balance Sheet
Total Assets	6.98B	5.81B	5.71B	5.67B	5.50B	4.90B
Cash, Cash Equivalents and Short-Term Investments	988.61M	792.76M	725.61M	771.30M	1.73B	1.26B
Total Debt	748.49M	544.95M	529.94M	309.51M	255.94M	246.77M
Total Liabilities	6.31B	5.27B	5.22B	5.22B	4.96B	4.37B
Stockholders Equity	676.44M	531.23M	495.06M	451.28M	541.29M	529.31M
Cash Flow
Free Cash Flow	80.38M	55.36M	64.89M	103.00M	140.86M	15.30M
Operating Cash Flow	86.35M	60.93M	67.51M	105.18M	142.72M	18.23M
Investing Cash Flow	-76.80M	30.33M	-7.03M	-487.72M	-649.09M	-294.45M
Financing Cash Flow	-50.22M	23.90M	-36.10M	237.34M	581.23M	346.36M

Camden National Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 44.69
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CAC, the sentiment is Positive. The current price of 44.69 is above the 20-day moving average (MA) of 43.63, above the 50-day MA of 40.34, and above the 200-day MA of 39.36, indicating a bullish trend. The MACD of 1.61 indicates Negative momentum. The RSI at 62.12 is Neutral, neither overbought nor oversold. The STOCH value of 58.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CAC.

Camden National Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ORRF	81 Outperform	$704.69M	9.57	13.43%	2.93%	47.65%	101.00%
MPB	79 Outperform	$731.13M	13.03	7.31%	2.58%	12.09%	-15.97%
HTBK	78 Outperform	$765.43M	17.77	6.26%	4.16%	8.23%	-0.07%
IBCP	78 Outperform	$695.66M	10.33	14.51%	3.09%	4.29%	10.56%
CAC	78 Outperform	$756.25M	12.74	9.49%	3.66%	24.08%	9.83%
MCBS	74 Outperform	$779.25M	10.44	15.62%	3.55%	-0.23%	10.95%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

Camden National Corporate Events

Camden National Announces Quarterly Dividend Declaration

On December 16, 2025, Camden National Corporation announced a quarterly dividend of $0.42 per share, resulting in an annualized yield of 3.68% based on the December 15, 2025 stock price. The dividend is set to be paid on January 30, 2026, to shareholders recorded by January 15, 2026, reflecting the company’s ongoing commitment to returning value to its investors.

Camden National Boosts Presence with Northway Acquisition

Camden National Corporation recently completed the acquisition of Northway Financial, which closed on January 2, 2025, with systems conversion in March 2025. This strategic move is expected to bolster Camden National’s presence in Northern New England, with anticipated cost savings and earnings per share accretion. The company is also focusing on digital innovation, with significant increases in digital account origination and customer engagement, enhancing operational efficiency and customer service through AI-driven solutions.

Camden National Completes Northway Financial Acquisition

Camden National Corporation recently completed the acquisition of Northway Financial, which was finalized on January 2, 2025, with systems conversion in March 2025. The acquisition is expected to enhance Camden National’s presence in Northern New England, with significant cost savings and increased earnings per share anticipated. The company’s strategic objectives include expanding commercial banking, bolstering wealth management, and leveraging digital innovations to drive growth and operational excellence.

Camden National Announces Quarterly Dividend Payout

On September 30, 2025, Camden National Corporation announced a quarterly dividend of $0.42 per share, payable on October 31, 2025, to shareholders of record as of October 15, 2025. This dividend reflects an annualized yield of 4.34% based on the company’s stock price as of September 29, 2025, indicating a stable financial position and commitment to returning value to shareholders.