---
schema_version: "secwatch.filing_event.v1"
accession: "0000750686-24-000145"
form_type: "8-K"
ticker: "CAC"
cik: "0000750686"
company_name: "CAMDEN NATIONAL CORP"
filed_at: "2024-04-30T23:59:59+00:00"
generated_at: "2026-06-03T05:02:21.142454+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Camden National Q1 2024 net income $13.3M ($0.91 EPS); adjusted EPS $0.86 up 1% QoQ

## Summary
- Net income $13.3M vs Q4 2023 $8.5M (+57%); adjusted net income $12.6M (+1% QoQ).
- Asset quality strong: loans 30-89 days past due 0.05% of loans; non-performing assets 0.13% of assets.
- Provision for credit losses negative $2.1M, including $910K recovery on Signature Bank bond sale.
- Net interest margin fell 10 bps to 2.30%; BTFP borrowings increased to $225M at 4.76% fixed through Jan 2025.
- Dividend $0.42/share declared; new share repurchase program of up to 750,000 shares authorized.

## SEC filing metadata
- accession: 0000750686-24-000145
- form_type: 8-K
- ticker: CAC
- cik: 0000750686
- company_name: CAMDEN NATIONAL CORP
- filed_at: 2024-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/750686/000075068624000145/0000750686-24-000145-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/750686/000075068624000145/cac-20240430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000750686-24-000145
- JSON: https://secwatch.observer/filing/0000750686-24-000145.json
- Plain text: https://secwatch.observer/filing/0000750686-24-000145.txt

## Key facts
- Earnings Releases
  CAMDEN NATIONAL CORP reported first quarter ended March 31, 2024 results: net income $13.3 million, EPS $0.91.
  - Period: first quarter ended March 31, 2024
  - Net income: $13.3 million
  - EPS: $0.91
  - Result: reported results
  source text: Camden National Corporation (the “Company”) issued a press release on April 30, 2024 announcing earnings for the fiscal quarter ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/750686/000075068624000145/0000750686-24-000145-index.htm

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