Camden National (CAC) AI Stock Analysis

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Camden National

(NASDAQ:CAC)

Rating:75Outperform

Price Target:

$46.00

▲(13.95% Upside)

Camden National's strong earnings call performance and attractive valuation are the primary drivers of its stock score. Financial performance is solid but tempered by concerns over leverage and cash flow. Technical analysis presents mixed signals, slightly dampening the overall score.

Camden National (CAC) vs. SPDR S&P 500 ETF (SPY)

Market Cap

$691.87M

Dividend Yield4.16%

Average Volume (3M)73.83K

Price to Earnings (P/E)12.8

Beta (1Y)1.05

Revenue Growth22.21%

EPS Growth6.20%

CountryUS

Employees586

SectorFinancial

Sector Strength78

IndustryBanks - Regional

Share Statistics

EPS (TTM)0.89

Shares Outstanding16,920,277

10 Day Avg. Volume59,328

30 Day Avg. Volume73,828

Financial Highlights & Ratios

PEG Ratio0.54

Price to Book (P/B)1.17

Price to Sales (P/S)2.15

P/FCF Ratio11.26

Enterprise Value/Market Cap1.84

Enterprise Value/Revenue4.15

Enterprise Value/Gross Profit7.14

Enterprise Value/Ebitda20.84

Forecast

1Y Price Target

$44.00

Price Target Upside8.99% Upside

Rating ConsensusModerate Buy

Number of Analyst Covering1

Camden National Business Overview & Revenue Model

Company DescriptionCamden National Corporation (CAC) is a financial services holding company headquartered in Camden, Maine. It operates primarily through its subsidiary, Camden National Bank, which provides a wide range of banking services including commercial and consumer loans, deposit accounts, mortgage lending, investment services, and wealth management. The company serves both individual and business clients across various sectors, focusing on delivering personalized financial solutions and community-oriented banking.

How the Company Makes MoneyCamden National generates revenue primarily through interest income from loans and fees associated with banking services. The key revenue streams include interest earned on commercial and consumer loans, residential mortgages, and investment securities. Additionally, the bank earns non-interest income from service fees on deposit accounts, wealth management services, and various transactional fees. Significant partnerships with local businesses and community organizations enhance its customer base and contribute to its earnings by fostering long-term relationships and promoting community investment initiatives.

Camden National Earnings Call Summary

Earnings Call Date:Jul 29, 2025

(Q2-2025)

% Change Since: |

Next Earnings Date:Nov 04, 2025

Earnings Call Sentiment Positive

The earnings call for Camden National Corporation highlighted strong financial performance, successful integration of a recent acquisition, and advancements in digital innovation, contributing to revenue and efficiency improvements. However, the call also acknowledged challenges, specifically a commercial loan bankruptcy that required increased provisions. Despite this lowlight, the company's overall financial health and strategic advancements suggest a positive outlook.

Q2-2025 Updates

Positive Updates

Strong Quarterly Earnings

Reported quarterly earnings of $14.1 million, with diluted earnings per share of $0.83, and on a non-GAAP basis, adjusted earnings of $15.2 million or $0.89 per share.

Net Interest Margin and Efficiency Ratio Improvement

Net interest margin expanded by an additional two basis points, and the non-GAAP efficiency ratio improved to 55.5%.

Revenue and Fee Income Growth

Total revenues for the second quarter grew 4% over the last quarter to $62.3 million, with noninterest income reaching $13.1 million, organically growing 16% year over year.

Successful Acquisition Integration

Completion of Northway Financial acquisition resulted in a pretax pre-provision income rise of 13% from the prior quarter, and a 3% increase in tangible book value during the second quarter.

Digital and Innovation Advancements

Launched new mobile app features including a roundup feature and Zogo, a digital financial literacy program, resulting in over 140,000 roundup transactions and 13,000 learning activities in the first 60 days.

Negative Updates

Commercial Loan Bankruptcy

One commercial borrower filed for bankruptcy, resulting in elevated provision expenses of $6.9 million and a need for additional provisioning on this loan.

Seasonal Deposit Decrease

Average deposits were down 1% on a linked quarter basis due to seasonal trends.

Company Guidance

During the second quarter of 2025, Camden National Corporation reported strong financial performance following the acquisition of Northway Financial, with pretax pre-provision income rising by 13% from the prior quarter, excluding one-time merger-related expenses. The company achieved quarterly earnings of $14.1 million, or $0.83 per diluted share, and adjusted earnings of $15.2 million, or $0.89 per share, on a non-GAAP basis. The tangible common equity ratio increased to 6.77%, accompanied by a 3% rise in tangible book value, reaching $26.9 per share. Net interest margin improved by two basis points, and the non-GAAP efficiency ratio decreased to 55.5%. Despite a notable bankruptcy affecting one commercial borrower, which required additional provisioning, Camden National maintained strong asset quality metrics with non-performing loans at 37 basis points of total loans. The company also reported a 4% increase in total revenues to $62.3 million, driven by growth in both net interest and noninterest income, and continues to anticipate further margin expansion in the third quarter.

Camden National Financial Statement Overview

Summary

Camden National demonstrates strong profitability with a solid net profit margin of 17.57% and improved return on equity at 7.35%. However, increasing leverage and a decline in operating cash flow present some concerns.

Income Statement

Positive

Camden National shows a stable revenue base with a slight annual revenue decline followed by a recovery. The TTM gross profit margin is strong at 93.28%, and the net profit margin stands at a solid 17.57%. However, recent EBIT and EBITDA margins showed a decline from previous years, reflecting potential pressures on operating efficiency.

Balance Sheet

Positive

The balance sheet reveals a healthy equity ratio of 9.19% for TTM, indicating a stable capital structure. However, the debt-to-equity ratio has increased to 0.98 in the TTM period, suggesting rising leverage which could pose risks if not managed prudently. Return on equity has improved to 7.35% in the TTM, indicating better profitability for shareholders.

Cash Flow

Positive

Cash flow analysis highlights a positive free cash flow growth, though there is a notable decline in operating cash flow over the TTM. The operating cash flow to net income ratio is at 0.91, reflecting adequate cash generation relative to net income. However, a decline in free cash flow to net income ratio to 0.87 in the TTM period suggests potential liquidity challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	307.47M	289.72M	250.32M	208.89M	193.91M	203.94M
Gross Profit	178.61M	172.11M	156.07M	179.29M	186.05M	170.63M
EBITDA	61.20M	69.33M	57.80M	81.16M	91.00M	78.91M
Net Income	47.06M	53.00M	43.38M	61.44M	69.01M	59.49M
Balance Sheet
Total Assets	6.96B	5.81B	5.71B	5.67B	5.50B	4.90B
Cash, Cash Equivalents and Short-Term Investments	1.04B	792.76M	725.61M	771.30M	1.73B	1.26B
Total Debt	628.73M	544.95M	529.94M	309.51M	255.94M	246.77M
Total Liabilities	6.32B	5.27B	5.22B	5.22B	4.96B	4.37B
Stockholders Equity	640.05M	531.23M	495.06M	451.28M	541.29M	529.31M
Cash Flow
Free Cash Flow	37.42M	55.36M	64.89M	103.00M	140.86M	15.30M
Operating Cash Flow	44.21M	60.93M	67.51M	105.18M	142.72M	18.23M
Investing Cash Flow	97.08M	30.33M	-7.03M	-487.72M	-649.09M	-294.45M
Financing Cash Flow	-98.59M	23.90M	-36.10M	237.34M	581.23M	346.36M

Camden National Technical Analysis

Technical Analysis Sentiment

Positive

Last Price40.37

Price Trends

50DMA

40.18

Positive

100DMA

39.50

Positive

200DMA

41.07

Negative

Market Momentum

MACD

0.34

Negative

RSI

54.68

Neutral

STOCH

75.64

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 40.37 is above the 20-day moving average (MA) of 39.15, above the 50-day MA of 40.18, and below the 200-day MA of 41.07, indicating a neutral trend. The MACD of 0.34 indicates Negative momentum. The RSI at 54.68 is Neutral, neither overbought nor oversold. The STOCH value of 75.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CAC.

Camden National Risk Analysis

Camden National disclosed 38 risk factors in its most recent earnings report. Camden National reported the most risks in the "Finance & Corporate" category.

Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy

Latest Risks Added 0 New Risks

Camden National Peers Comparison

Overall Rating

UnderperformOutperform

Sector (68)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GSBC	81 Outperform	$716.97M	10.78	11.48%	2.53%	4.55%	16.84%
NBBK	78 Outperform	$692.61M	14.27	6.92%	0.37%	17.31%	251.27%
HBNC	76 Outperform	$863.84M	14.33	6.84%	3.82%	7.86%	170.93%
CAC	75 Outperform	$691.87M	12.80	8.47%	4.16%	22.21%	6.20%
IBCP	72 Outperform	$681.14M	10.76	14.39%	3.09%	3.17%	-1.53%
Sector *	68 Neutral	$17.95B	11.54	10.27%	3.74%	9.64%	1.17%
AMTB	64 Neutral	$897.61M	―	0.44%	1.69%	-6.88%	-131.00%

* Financial Sector Average

Performance Comparison

CAC

Camden National

40.37

3.11

8.35%

GSBC

Great Southern Bancorp

63.19

6.95

12.36%

HBNC

Horizon Bancorp

16.74

1.55

10.20%

IBCP

Independent Bank

33.05

0.89

2.77%

AMTB

Amerant Bancorp

21.25

0.39

1.87%

NBBK

NB Bancorp, Inc.

18.91

0.53

2.88%

Camden National Corporate Events

Dividends

Camden National Announces Quarterly Dividend of $0.42

Positive

Jun 24, 2025

On June 24, 2025, Camden National Corporation announced a quarterly dividend of $0.42 per share, resulting in an annualized dividend yield of 4.23% based on the June 23, 2025 closing stock price. The dividend is payable on July 31, 2025, to shareholders of record on July 15, 2025, reflecting the company’s commitment to providing value to its shareholders.

Executive/Board ChangesShareholder Meetings

Camden National Holds Annual Shareholders Meeting

Neutral

May 23, 2025

On May 20, 2025, Camden National held its Annual Meeting of Shareholders at the Hanley Center in Rockport, Maine, and virtually, where 83% of eligible votes were represented. During the meeting, shareholders elected twelve directors to the Board for a one-year term, approved an amendment to the 2022 Equity and Incentive Plan, endorsed executive compensation, and ratified the appointment of RSM US LLP as the independent auditor for 2025.

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Aug 23, 2025