other
confidence medium
sentiment positive
materiality 0.50
Camden National reports $5.7B assets, net income $61.4M, liquidity 1.9x uninsured deposits in investor presentation
CAMDEN NATIONAL CORP
- Total assets $5.7B, average deposits $4.5B, net income $61.4M (9% YoY growth) as of year-end 2022.
- Primary liquidity covers 1.9x uninsured and uncollateralized deposits as of March 31, 2023.
- Customers with <$1mm balances comprise 65% of adjusted deposits (3/31/23), up from 63% at year-end.
- 15-year stock price appreciation 44.9%, average dividend yield 3.17%.
- Notable past acquisitions: Union Bankshares (2008), 14 Bank of America branches (2012), Bank of Maine (2015).