earnings
confidence high
sentiment positive
materiality 0.78
Camden National Q3 net income $13.1M ($0.90 EPS), NIM expands 10 bps
CAMDEN NATIONAL CORP
2024-Q3 EPS reported
$2.62
revenue$26,313,000
- Net income $13.1M, diluted EPS $0.90, up 9% and 11% sequentially vs Q2 2024.
- Net interest margin expanded 10 bps to 2.46%; net interest income rose 4% to $33.6M.
- Non-performing loans improved to 0.17% of total loans; 30-89 day past due 0.03%.
- Prepaid $170M BTFP borrowings, refinanced at lower rate of 4.09% from 4.76%.
- Pending Northway merger expected 19.9% accretive to 2025 EPS, 32.7% to 2026 EPS.