secwatch.observer — SEC 8-K summary
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Issuer:     CAMDEN NATIONAL CORP (CAC)
CIK:        0000750686
Form:       8-K
Filed at:   2023-07-25T23:59:59+00:00
Accession:  0000750686-23-000246
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Camden Nat'l Q2 net income $12.4M, EPS $0.85; NIM down 14bp to 2.40%
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- Diluted EPS $0.85 vs $0.87 in Q1; net income down 3% sequentially to $12.4M.
- Net interest margin compressed 14bp to 2.40% as funding costs rose 36bp.
- Loans and deposits each grew 1% QoQ; NPA ratio remained 0.09% of assets.
- Declared $0.42/share dividend (5.42% annualized yield), payable July 31.
- Repurchased 65,692 shares at avg $33.36; used $135M from BTFP at 4.70%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/750686/000075068623000246/0000750686-23-000246-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/750686/000075068623000246/cac-20230725.htm
  HTML page:      https://secwatch.observer/filing/0000750686-23-000246

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