Quarterly ResultMay 7, 2026, 10:31 AM
Camden National Q1 Net Income $21.9M; EPS $1.29
AI Summary
Camden National reported a strong first quarter for 2026, with net income significantly increasing to $21.883 million, up from $7.326 million in the prior year. This led to a substantial rise in basic earnings per share to $1.29. The company also saw an increase in net interest income and a considerable reduction in its provision for credit losses, contributing to the improved financial performance.
Key Highlights
- Net income for Q1 2026 was $21.883 million, a significant increase from $7.326 million in Q1 2025.
- Basic earnings per share (EPS) rose to $1.29 in Q1 2026 from $0.43 in Q1 2025.
- Net interest income increased to $52.358 million in Q1 2026, up from $48.858 million in Q1 2025.
- Provision for credit losses decreased substantially to $0.553 million in Q1 2026 from $9.429 million in Q1 2025.
- Total deposits grew to $5.585 billion as of March 31, 2026, compared to $5.538 billion at December 31, 2025.
- Total assets were $6.962 billion as of March 31, 2026, a slight decrease from $6.975 billion at December 31, 2025.
- Total shareholders' equity increased to $710.007 million as of March 31, 2026, from $696.558 million at December 31, 2025.
- Cash dividends declared per share remained consistent at $0.42 for both Q1 2026 and Q1 2025.
Price Impact
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