Camden National Corp. (CAC)
NASDAQ:CAC
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Camden National
(NASDAQ:CAC)
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Rating:69Neutral
Price Target:
$51.00
â–²(1.37% Upside)
Action:ReiteratedDate:04/01/26
The score is driven by attractive valuation (low P/E and solid dividend yield) and supportive earnings-call outlook (margin/efficiency and capital actions). Offsetting these, financial quality is held back by sharply weaker and volatile cash flow and lower margins/ROE versus prior peaks, while technical signals are neutral-to-slightly soft due to negative MACD and elevated stochastics.
Positive Factors
Revenue and NIM expansion
Sustained NIM expansion and recovering revenue (2025 revenue acceleration noted) increase core net interest income durability. If funding costs continue to ease modestly as guided, the bank can sustain higher NII, supporting loan growth, reinvestment, and shareholder returns over the next several quarters.
Negative Factors
Weak and volatile operating cash flow
A sharp, volatile decline in operating and free cash flow reduces internal funding flexibility and raises quality-of-earnings concerns. Lower cash generation can constrain organic growth, limit buybacks/dividends in stress, and increase sensitivity to funding costs and capital actions over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and NIM expansion
Sustained NIM expansion and recovering revenue (2025 revenue acceleration noted) increase core net interest income durability. If funding costs continue to ease modestly as guided, the bank can sustain higher NII, supporting loan growth, reinvestment, and shareholder returns over the next several quarters.
Read all positive factors
Camden National (CAC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$851.51M
Dividend Yield3.66%
Average Volume (3M)75.77K
Price to Earnings (P/E)8.1
Beta (1Y)0.89
Revenue Growth24.08%
EPS Growth9.83%
CountryUS
Employees586
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.33
Shares Outstanding16,925,330
10 Day Avg. Volume103,617
30 Day Avg. Volume75,767
Financial Highlights & Ratios
PEG Ratio1.85
Price to Book (P/B)1.05
Price to Sales (P/S)1.99
P/FCF Ratio12.27
Enterprise Value/Market Cap1.66
Enterprise Value/Revenue3.85
Enterprise Value/Gross Profit6.13
Enterprise Value/Ebitda15.45
Forecast
1Y Price Target
$50.00Price Target Upside-0.62% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)5.43
Revenue Forecast (FY)$275.36M
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...
How the Company Makes Money
Camden National primarily makes money through (1) net interest income and (2) noninterest income. Net interest income is generated by earning interest and fees on loans and other interest-earning assets (including the loan portfolio and investment...
Camden National Earnings Call Summary
Earnings Call Date:Jan 27, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 28, 2026
Earnings Call Sentiment Positive
The call emphasized strong, record-setting financial results, expanded margin and revenue momentum, high profitability and efficiency, solid capital and reserves, meaningful organic growth in wealth, home equity, and digital engagement, and tangible automation gains. Near-term headwinds include a Q4 loan decline driven by elevated prepayments, a $3 million CRE charge-off (with good recovery), elevated Q4 noninterest expense and seasonally boosted noninterest income that is expected to normalize in 2026, and some sensitivity to funding/yield dynamics and securities yields. On balance, the positives — including record earnings, margin expansion, robust capital and credit metrics, and multiple growth initiatives — significantly outweigh the lowlights.Positive Updates
Record Quarterly and Annual Earnings
Reported Q4 net income of $22.6 million and diluted EPS of $1.33; full-year net income $65.2 million and diluted EPS $3.84. Q4 earnings were up 6% versus the prior quarter, marking a record-setting quarter.
Negative Updates
Quarterly Loan Decline and Prepayment Impact
Total loans were down 1% in the fourth quarter; management attributed the decline to higher loan payoffs and prepayments late in the quarter that muted production despite comparable production levels in Q3 and Q4.
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Q4-2025 Updates
Positive
Negative
Record Quarterly and Annual Earnings
Reported Q4 net income of $22.6 million and diluted EPS of $1.33; full-year net income $65.2 million and diluted EPS $3.84. Q4 earnings were up 6% versus the prior quarter, marking a record-setting quarter.
Read all positive updates
Company Guidance
Management guided that core NIM should expand a couple basis points in Q1 (after Q4 NIM of 3.29%, +13 bps QoQ) with funding costs improving ~7–10 bps from Q4’s 1.79%; they expect Q1 loan growth flat to +2% (mid-single-digit loan growth for the year) and deposit balances roughly flat with Q4 despite seasonality (management also cited low- to mid-single-digit deposit upside), and forecast 2026 noninterest income of $12–13 million (Q4 noninterest income was $14.1M). They guided Q1 operating expenses of $36–37M (Q4 noninterest expense $36.9M) and a normalized efficiency ratio in the mid‑fifties (Q4 efficiency 51.69%), noted Q4 provision was $3M with loan loss reserves of $45.3M (91 bps of loans, 6.4x NPLs), said regulatory capital remains above internal targets, and authorized repurchases up to 850,000 shares (~5% outstanding). Management also highlighted recent results and run-rates that frame the guidance: Q4 net income $22.6M (FY $65.2M), EPS $1.33 Q4 ($3.84 FY), Q4 fair value accretion ~$5.3M (base ~$4.5–4.75M), AUA up 15% to $2.4B, and digital engagement +19% YoY among customers 45 and under.Camden National Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
66
Positive
Cash Flow
45
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 367.34M | 289.72M | 250.32M | 208.89M | 193.91M |
| Gross Profit | 230.62M | 172.11M | 156.07M | 179.29M | 186.05M |
| EBITDA | 91.54M | 69.33M | 57.80M | 81.16M | 91.00M |
| Net Income | 65.16M | 53.00M | 43.38M | 61.44M | 69.01M |
Balance Sheet | |||||
| Total Assets | 6.97B | 5.81B | 5.71B | 5.67B | 5.50B |
| Cash, Cash Equivalents and Short-Term Investments | 1.03B | 792.76M | 725.61M | 771.30M | 1.73B |
| Total Debt | 644.29M | 544.95M | 529.94M | 309.51M | 255.94M |
| Total Liabilities | 6.28B | 5.27B | 5.22B | 5.22B | 4.96B |
| Stockholders Equity | 696.56M | 531.23M | 495.06M | 451.28M | 541.29M |
Cash Flow | |||||
| Free Cash Flow | 59.52M | 55.36M | 64.89M | 103.00M | 140.86M |
| Operating Cash Flow | 65.22M | 60.93M | 67.51M | 105.18M | 142.72M |
| Investing Cash Flow | -57.73M | 30.33M | -7.03M | -487.72M | -649.09M |
| Financing Cash Flow | -124.97M | 23.90M | -36.10M | 237.34M | 581.23M |
Camden National Technical Analysis
Positive
50.31
Price Trends
47.63
Positive
45.31
Positive
42.02
Positive
Market Momentum
0.63
Negative
69.96
Neutral
94.98
Negative
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 50.31 is above the 20-day moving average (MA) of 46.84, above the 50-day MA of 47.63, and above the 200-day MA of 42.02, indicating a bullish trend. The MACD of 0.63 indicates Negative momentum. The RSI at 69.96 is Neutral, neither overbought nor oversold. The STOCH value of 94.98 is Negative, 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
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $813.65M | 12.18 | 6.83% | 4.16% | 8.23% | -0.07% | |
71 Outperform | $882.79M | 10.05 | 14.82% | 3.55% | -0.23% | 10.95% | |
70 Outperform | $709.68M | 9.81 | 14.20% | 3.09% | 4.29% | 10.56% | |
69 Neutral | $851.51M | 8.09 | 9.49% | 3.66% | 24.08% | 9.83% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $746.34M | 7.29 | 14.41% | 2.93% | 47.65% | 101.00% | |
61 Neutral | $851.95M | 9.23 | 7.31% | 2.58% | 12.09% | -15.97% |
* Financial Sector Average
CAC
Camden National
50.31
15.28
43.60%
HTBK
Heritage Commerce
13.21
5.44
70.10%
MPB
Mid Penn Bancorp
33.87
10.23
43.30%
ORRF
Orrstown Financial Services
38.04
12.58
49.40%
IBCP
Independent Bank
34.47
6.59
23.65%
MCBS
MetroCity Bankshares
30.70
6.18
25.21%
Camden National Corporate Events
Dividends
Camden National Declares Quarterly Dividend, Signals Ongoing Confidence
Positive
Mar 31, 2026
On March 31, 2026, Camden National Corporation announced that its board of directors declared a quarterly dividend of $0.42 per share, payable on April 30, 2026, to shareholders of record as of April 15, 2026. The payout equates to an annualized d...
Business Operations and StrategyStock Buyback
Camden National Announces New Common Stock Repurchase Program
Positive
Jan 8, 2026
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 Dece...
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.