Earnings Releases·Oct 27, 2026, 8:05 AM ET

Camden National Corporation — Third Quarter 2026 Earnings Summary

Reported record net income of $67.7 million for the nine months ended September 30, 2026, a 59% year-over-year increase, with Q3 net income rising 8% to $22.8 million and diluted EPS increasing 7% to $1.34.
Net interest margin expanded 25 basis points year-over-year to 3.41%, supported by a 5% increase in net interest income and a 5% rise in total deposits to $5.8 billion, while borrowings decreased 35% to $374.4 million.
Management expressed confidence in sustained earnings growth and long-term shareholder value, citing record year-to-date earnings, strong credit performance, and a stronger balance sheet.
Announced a cash dividend of $0.42 per share; year-to-date capital return included the repurchase of 85,131 shares at a weighted average price of $46.55, with no repurchases in the third quarter.
Capital ratios remain well above regulatory requirements, with a Common Equity Tier 1 ratio of 12.53%, while unrealized losses on the available-for-sale portfolio increased to $77.5 million due to the interest rate environment.