Quarterly ResultAug 6, 2026, 10:21 AM
Camden National Q2 Net Income +63.48% to $23.02M; EPS $1.36
AI Summary
Camden National Corp reported a strong second quarter for 2026, with net income increasing by 63.48% to $23.02 million and basic earnings per share rising to $1.36. The company also saw a 7.58% increase in net interest income and a significant reduction in its provision for credit losses. Total assets remained stable at $6.95 billion, while total deposits experienced a slight increase.
Key Highlights
- Net Income for Q2 2026 increased 63.48% to $23.02 million from $14.08 million in Q2 2025.
- Basic Earnings Per Share for Q2 2026 rose 61.9% to $1.36 from $0.84 in Q2 2025.
- Net Interest Income for Q2 2026 increased 7.58% to $52.94 million from $49.21 million in Q2 2025.
- Provision for credit losses significantly decreased to $0.71 million in Q2 2026 from $6.92 million in Q2 2025.
- Total assets were $6.95 billion as of June 30, 2026, a slight decrease from $6.97 billion at December 31, 2025.
- Total deposits increased to $5.56 billion as of June 30, 2026, from $5.54 billion at December 31, 2025.
- Cash dividends declared per share remained stable at $0.42 for Q2 2026 and Q2 2025.
- Common stock repurchases amounted to $2.48 million during Q2 2026.
Price Impact
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