Camden National Q3 net income $9.8M (-21% QoQ); adjusted EPS $0.96 (+13%); CEO succession announced

CAMDEN NATIONAL CORP

2023-Q3 EPS reported $2.39 revenue$24,754,000

GAAP diluted EPS $0.67 on net income of $9.8M; adjusted diluted EPS (non-GAAP) $0.96 on adjusted net income $14.0M.
Sold $66.7M of securities at $5.3M pre-tax loss to reposition balance sheet; reinvested $30M at 6.06% yield.
Net interest margin 2.39%, down 1 bp QoQ; non-performing assets 0.11% of total assets.
CEO Gregory Dufour retiring Dec 31; Simon Griffiths to become CEO Jan 1, 2024 after serving as COO from Nov 20.
Dividend declared $0.42 per share (payable Oct 31 to holders of record Oct 13); annualized yield 5.95%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

CAMDEN NATIONAL CORP reported ended September 30, 2023 results: net income $9.8 million, EPS $0.67.

Period: ended September 30, 2023
Net income: $9.8 million
EPS: $0.67
Result: reported results

Exact text from the filing

Camden National Corporation (the "Company") issued a press release on October 31, 2023 announcing earnings for the fiscal quarter ended September 30, 2023. A copy of the press release is attached hereto as Exhibit 99.1.

View on SEC.gov

168 earnings releases filed in the last 30 days. Browse all earnings releases →

CAMDEN NATIONAL CORP filing history →

Source: SEC EDGAR

accession 0000750686-23-000282

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.