secwatch.observer — SEC 8-K summary
======================================

Issuer:     CAMDEN NATIONAL CORP (CAC)
CIK:        0000750686
Form:       8-K
Filed at:   2023-01-31T23:59:59+00:00
Accession:  0000750686-23-000017
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/750686/000075068623000017/0000750686-23-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/750686/000075068623000017/cac-20230131.htm
  HTML page:      https://secwatch.observer/filing/0000750686-23-000017

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer