Quarterly ResultJul 28, 2026, 08:11 AM
Camden National Q2 Net Income $23.0M; Diluted EPS $1.35
AI Summary
Camden National Corporation reported record quarterly net income of $23.0 million and diluted earnings per share of $1.35 for the second quarter of 2026, reflecting strong momentum and improved profitability. The company achieved 3% annualized loan growth and robust revenue performance across its business lines. For the first six months of 2026, net income reached $44.9 million and diluted EPS was $2.64, benefiting from the Northway Financial acquisition and core business growth. The company also repurchased shares and declared a cash dividend.
Key Highlights
- Net income for Q2 2026 was $23.0 million, a 5% increase over Q1 2026.
- Diluted EPS for Q2 2026 was $1.35, also up 5% from Q1 2026.
- Total revenue for Q2 2026 increased 5% over Q1 2026, driven by net interest margin expansion and 21% non-interest income growth.
- Loans grew 1% during Q2 2026, with the committed loan pipeline increasing 45%.
- Book value per share rose to $42.96 and tangible book value per share to $31.64 at June 30, 2026.
- The company repurchased 52,000 shares at a weighted-average price of $47.64 during Q2 2026.
- A cash dividend of $0.42 per share was announced, payable on July 31, 2026.
- Assets under administration across wealth and brokerage businesses totaled $2.6 billion, up 13% year-over-year.
Price Impact
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