---
schema_version: "secwatch.filing_event.v1"
accession: "0000750686-23-000143"
form_type: "8-K"
ticker: "CAC"
cik: "0000750686"
company_name: "CAMDEN NATIONAL CORP"
filed_at: "2023-04-25T23:59:59+00:00"
generated_at: "2026-06-16T17:35:03.739550+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Camden National Q1 net income $12.7M, EPS $0.87, down 17% from Q4; writes off $1.8M Signature Bank bond

## Summary
- Net income $12.7M, diluted EPS $0.87, down 17% from Q4 2022; revenue (net interest income) $34.3M, down 7%.
- Net interest margin fell 22 bps to 2.54% as funding costs rose 49 bps to 1.45%.
- Wrote off $1.8M Signature Bank bond; nonperforming assets remained low at 0.09% of total assets.
- Total deposits decreased 4% to $4.6B; available liquidity $1.3B (28% of deposits).
- Declared $0.42/share dividend, payable Apr 28, 2023, yield 4.64% based on $36.19 close.

## SEC filing metadata
- accession: 0000750686-23-000143
- form_type: 8-K
- ticker: CAC
- cik: 0000750686
- company_name: CAMDEN NATIONAL CORP
- filed_at: 2023-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/750686/000075068623000143/0000750686-23-000143-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/750686/000075068623000143/cac-20230425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000750686-23-000143
- JSON: https://secwatch.observer/filing/0000750686-23-000143.json
- Plain text: https://secwatch.observer/filing/0000750686-23-000143.txt

## Key facts
- Earnings Releases
  CAMDEN NATIONAL CORP reported the fiscal quarter ended March 31, 2023 results: net income $12.7 million, EPS $0.87 per diluted share.
  - Period: the fiscal quarter ended March 31, 2023
  - Net income: $12.7 million
  - EPS: $0.87 per diluted share
  - Result: reported results
  source text: Camden National Corporation (NASDAQ: CAC; “Camden National” or the “Company”), a $5.7 billion bank holding company headquartered in Camden, Maine, reported net income of $12.7 million and diluted earnings per share of ("EPS") of $0.87 for the first quarter of 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/750686/000075068623000143/0000750686-23-000143-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.