earnings
confidence high
sentiment positive
materiality 0.70
Camden National Q1 net income $21.9M, EPS $1.29; YoY net income triples
CAMDEN NATIONAL CORP
2026-Q1 EPS
reported $1.29
vs consensus $1.26
▲ beat
(+2.7%)
- Net income $21.9M, diluted EPS $1.29 vs $0.43 YoY; adjusted EPS $1.29 non-GAAP (up 39% YoY).
- Asset quality strong: past-due loans 0.06%, annualized net charge-offs 0.04%; ACL 0.92% of loans.
- Deposits grew 1% linked-quarter to $5.6B, reducing short-term borrowings by $68.3M; loan-to-deposit 89%.
- Capital ratios solid: CET1 12.01%, Tier1 leverage 9.43%; quarterly dividend $0.42 payable April 30.
- GAAP efficiency ratio 55.50% (53.21% non-GAAP); net interest margin 3.24%.