---
schema_version: "secwatch.filing_event.v1"
accession: "0000750686-23-000282"
form_type: "8-K"
ticker: "CAC"
cik: "0000750686"
company_name: "CAMDEN NATIONAL CORP"
filed_at: "2023-10-31T23:59:59+00:00"
generated_at: "2026-06-09T05:09:48.908752+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0000750686-23-000282
- form_type: 8-K
- ticker: CAC
- cik: 0000750686
- company_name: CAMDEN NATIONAL CORP
- filed_at: 2023-10-31T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/750686/000075068623000282/0000750686-23-000282-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/750686/000075068623000282/cac-20231031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000750686-23-000282
- JSON: https://secwatch.observer/filing/0000750686-23-000282.json
- Plain text: https://secwatch.observer/filing/0000750686-23-000282.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/750686/000075068623000282/0000750686-23-000282-index.htm

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