secwatch.observer — SEC 8-K summary
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Issuer:     CAMDEN NATIONAL CORP (CAC)
CIK:        0000750686
Form:       8-K
Filed at:   2025-05-06T23:59:59+00:00
Accession:  0000750686-25-000210
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Camden National Q1: adjusted net income $16M, core NIM 2.68%, Northway acquisition complete
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/750686/000075068625000210/0000750686-25-000210-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/750686/000075068625000210/cac-20250506.htm
  HTML page:      https://secwatch.observer/filing/0000750686-25-000210

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