Camden National Q4 net income $15.4M ($1.05 EPS), +8% QoQ; FY net income $61.4M, -11% YoY

CAMDEN NATIONAL CORP

2022-FY EPS reported $4.17 revenue$33,274,000

Q4 net income $15.4M, diluted EPS $1.05, up 8% from Q3 2022; ROAA 1.09%, ROAE 14.03%.
FY2022 net income $61.4M, down 11% from record $69.0M in FY2021; net interest margin 2.76% (-12 bps QoQ).
Loans grew $578.9M (17%) in 2022; deposits up 5%; NPAs at 0.09% of assets, net charge-offs 0.03%.
Quarterly dividend raised 5% to annualized $1.68 per share; new 750K-share repurchase program announced.
ACL on loans ratio 0.92%; non-interest income $9.8M (-2% QoQ); non-interest expense $27.0M (-0.4% QoQ).

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.7

CAMDEN NATIONAL CORP reported financial results for the fiscal quarter and year ended December 31, 2022.

Period: the fiscal quarter and year ended December 31, 2022
Result: reported results

Exact text from the filing

Camden National Corporation (the “Company”) issued a press release on January 31, 2023 announcing earnings for the fiscal quarter and year ended December 31, 2022.

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Source: SEC EDGAR

accession 0000750686-23-000017

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