secwatch.observer — SEC 8-K summary
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Issuer:     CAMDEN NATIONAL CORP (CAC)
CIK:        0000750686
Form:       8-K
Filed at:   2024-10-29T23:59:59+00:00
Accession:  0000750686-24-000253
Event type: earnings
Sentiment:  positive
Materiality: 0.78
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Camden National Q3 net income $13.1M ($0.90 EPS), NIM expands 10 bps
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/750686/000075068624000253/0000750686-24-000253-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/750686/000075068624000253/cac-20241029.htm
  HTML page:      https://secwatch.observer/filing/0000750686-24-000253

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