earnings
confidence high
sentiment positive
materiality 0.85
Camden National reports Q4 EPS $1.00 (12% QoQ increase), FY EPS $3.62 (22% YoY), completed Northway merger
CAMDEN NATIONAL CORP
2024-FY EPS reported
$3.62
revenue$35,688,000
- Q4 2024 net income $14.7 million, diluted EPS $1.00 (11% QoQ); core diluted EPS $1.03 (non-GAAP).
- Full-year 2024 net income $53.0 million, diluted EPS $3.62 (22% YoY); core diluted EPS $3.65.
- Net interest margin expanded 11 bps QoQ to 2.57%; core return on average assets 1.04%, core ROTCE 13.88%.
- Completed Northway Financial merger on January 2, 2025, all-stock valued at ~$96.5 million; combined assets ~$7.0 billion.
- Asset quality strong: non-performing loans 0.16% of total loans, loans 30-89 days past due 0.05%.