earnings
confidence high
sentiment positive
materiality 0.75
Camden National Q1: adjusted net income $16M, core NIM 2.68%, Northway acquisition complete
CAMDEN NATIONAL CORP
2025-Q1 EPS reported
$0.43
revenue$9,519,000
- Adjusted net income $16.0M, up 6% from Q4 2024; GAAP net income $7.3M ($0.43 EPS) impacted by merger costs.
- Core net interest margin expanded 11 bps to 2.68%; reported NIM 3.04% including purchase accounting.
- Northway acquisition closed Jan 2 for $96.5M in stock; integration complete in mid-March; cost saves on track.
- Dividend declared $0.42/share payable April 30; asset quality strong with NPLs 0.15% of loans.
- Total assets $7.0B (+$1.2B); loans $4.9B; regulatory capital ratios well above minimums.