Camden National (CAC) AI Stock Analysis

• Market Cap: $760.32M
• Dividend Yield: 3.66%
• Average Volume (3M): 75.77K
• Price to Earnings (P/E): 12.8
• Beta (1Y): 0.88
• 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: 1.87
• Enterprise Value/Revenue: 4.12
• Enterprise Value/Gross Profit: 6.84
• Enterprise Value/Ebitda: 18.17
• 1Y Price Target: $45.00
• Price Target Upside: -1.49% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 72 Outperform
• Price Target: $49.00 ▲(7.27% Upside)

The score is driven primarily by solid financial performance (strong profitability and free cash flow growth despite slowing revenue) and favorable valuation (reasonable P/E with an above-average dividend yield). Earnings-call commentary adds support through improving margin/efficiency trends, while technicals are neutral-to-mildly positive and recent buyback/dividend actions are an incremental tailwind.

Positive Factors

High profitability and FCF growth

Sustained high net and EBITDA margins alongside a 193% jump in free cash flow indicate durable cash generation. This supports reinvestment, dividend coverage and buybacks, giving the bank financial flexibility to fund growth and absorb cyclical stress over the medium term.

Successful Northway acquisition integration

Effective integration of Northway expands Camden's regional footprint and customer base, creating scale, cost synergies and cross-sell opportunities in commercial and wealth segments. These structural gains bolster revenue diversification and long-term franchise value in Northern New England.

Capital return flexibility (buyback and dividend)

A formal repurchase program plus a sustained quarterly dividend reflect strong capital allocation discipline and excess capital capacity. This persistent shareholder-return framework signals management confidence and provides a durable mechanism to enhance shareholder value over multiple quarters.

Negative Factors

Declining revenue growth and gross margin pressure

A falling revenue trajectory and shrinking gross margin point to structural headwinds in top-line generation or pricing. Over several quarters this can limit profitability upside, constrain reinvestment capacity, and raise questions about sustainable organic growth absent successful cross-sell or M&A offsets.

Weak operating cash conversion

Very low conversion of net income into operating cash suggests earnings may rely on accruals or noncash items. Persistently weak cash conversion undermines earnings quality, increases refinancing or liquidity risk in stress periods, and pressures the bank's ability to sustainably fund dividends or organic growth.

Material loan charge-off/credit event

A large syndicated loan charge-off highlights tangible credit risk and potential portfolio concentration vulnerabilities. Such losses can increase provision volatility, erode capital over time if recurring, and necessitate tighter underwriting or higher loan-loss reserves, affecting long-term earnings stability.

Camden National Business Overview & Revenue Model

Company Description

Camden National Corporation operates as the bank holding company for Camden National Bank that provides various commercial and consumer banking products and services for consumer, institutional, municipal, non-profit, and commercial customers. The company accepts checking, savings, time, and brokered deposits, as well as deposits with the certificate of deposit account registry system. It also offers non-owner-occupied commercial estate loans, owner-occupied commercial real estate loans, unsecured fully-guaranteed commercial loans backed by the U.S. small business administration, loans secured by one-to four-family properties, and consumer and home equity loans. In addition, the company provides brokerage and insurance services through its financial offerings consisting of college, retirement, estate planning, mutual funds, strategic asset management accounts, and variable and fixed annuities. Further, it offers a range of fiduciary and asset management, wealth management, investment management, financial planning, and trustee services. As of December 31, 2021, the company had 57 branches within Maine; one residential mortgage lending office in Braintree, Massachusetts; two locations in New Hampshire, including a branch in Portsmouth and a commercial loan production office in Manchester; and an online residential mortgage and small commercial digital loan platform, as well as 66 ATMs. Camden National Corporation was founded in 1875 and is headquartered in Camden, Maine.

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: 45.68
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• 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 45.68 is above the 20-day moving average (MA) of 44.30, above the 50-day MA of 42.06, and above the 200-day MA of 39.32, indicating a bullish trend. The MACD of 0.59 indicates Positive momentum. The RSI at 63.50 is Neutral, neither overbought nor oversold. The STOCH value of 54.83 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	$703.13M	9.55	13.43%	2.93%	47.65%	101.00%
HTBK	78 Outperform	$761.48M	17.71	6.26%	4.16%	8.23%	-0.07%
IBCP	78 Outperform	$683.25M	10.15	14.51%	3.09%	4.29%	10.56%
MCBS	74 Outperform	$784.43M	10.51	15.62%	3.55%	-0.23%	10.95%
CAC	72 Outperform	$760.32M	12.81	9.49%	3.66%	24.08%	9.83%
MPB	72 Outperform	$728.83M	12.99	7.31%	2.58%	12.09%	-15.97%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

Camden National Corporate Events

Camden National Announces New Common Stock Repurchase Program

On January 8, 2026, Camden National Corporation announced that its board of directors had authorized a new share repurchase program for up to 850,000 shares of its common stock, representing about 5% of its issued and outstanding shares as of December 31, 2025, with the program becoming effective on January 7, 2026. The repurchases, which may be conducted via open market purchases, accelerated share repurchase transactions, or privately negotiated deals under Rule 10b5-1 plans, are designed to provide the company with flexible capital management options and can be adjusted or suspended depending on market conditions, the company’s capital position, and internal capital generation, potentially affecting share liquidity and shareholder value.

The most recent analyst rating on (CAC) stock is a Buy with a $53.00 price target. To see the full list of analyst forecasts on Camden National stock, see the CAC Stock Forecast page.

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.

The most recent analyst rating on (CAC) stock is a Buy with a $48.00 price target. To see the full list of analyst forecasts on Camden National stock, see the CAC Stock Forecast page.

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.

The most recent analyst rating on (CAC) stock is a Buy with a $43.00 price target. To see the full list of analyst forecasts on Camden National stock, see the CAC Stock Forecast page.

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.

The most recent analyst rating on (CAC) stock is a Buy with a $43.00 price target. To see the full list of analyst forecasts on Camden National stock, see the CAC Stock Forecast page.