CAMDEN NATIONAL CORP

Camden National Corporation (CAC) has filed an 8-K report containing an investor presentation for upcoming meetings. The presentation details the company's financial standing, strategic objectives, and operational highlights as of March 31, 2026. CAC emphasizes its strong balance sheet, diversified revenue streams, and commitment to technological innovation, including automation and AI, to drive efficiency and customer engagement. The company also highlights its robust capital levels and consistent credit performance.

Camden National Corporation held its 2026 Annual Meeting of Shareholders virtually on May 19, 2026, with approximately 83% of outstanding shares represented. Shareholders voted to elect eleven directors to the Board for a one-year term. Additionally, they approved the non-binding advisory vote on the compensation of the company's named executive officers and ratified the appointment of RSM US LLP as the independent registered public accounting firm for the year ending December 31, 2026.

Camden National Corporation announced that William H. Martel, Executive Vice President and Chief Technology Officer, will retire from his position. His retirement is effective July 31, 2026.

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.

Camden National Corporation reported Q1 2026 net income of $21.9 million and diluted EPS of $1.29, representing a significant year-over-year increase due to a recent acquisition, though slightly down linked-quarter. The company highlighted strong asset quality, effective expense management, and deposit growth, which allowed for a reduction in higher-cost borrowings. CAC also repurchased 33,131 shares of its common stock and declared a $0.42 per share cash dividend.