secwatch.observer — SEC 8-K summary
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Issuer:     CAMDEN NATIONAL CORP (CAC)
CIK:        0000750686
Form:       8-K
Filed at:   2024-07-30T23:59:59+00:00
Accession:  0000750686-24-000234
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Camden National Q2 2024 net income $12M ($0.81 EPS); NIM expands to 2.36%
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- Net income $12.0M ($0.81 diluted EPS) vs $13.3M ($0.91) in Q1; pre-tax pre-provision income up 9% to $15.5M.
- Net interest margin expanded 6 bps to 2.36%; earning-asset yield up 14 bps to 4.58%.
- Asset quality remains strong: non-performing loans 0.23% of total loans; net charge-offs 0.04% annualized.
- Declared $0.42/share dividend (5.09% yield) payable July 31; repurchased 50k shares at avg $32.19 in H1.
- Prepaid $55M of BTFP funding; remaining $170M at 4.76% maturing Jan 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/750686/000075068624000234/0000750686-24-000234-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/750686/000075068624000234/cac-20240730.htm
  HTML page:      https://secwatch.observer/filing/0000750686-24-000234

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