earnings
confidence high
sentiment positive
materiality 0.65
Camden National reports record Q2 net income $23.0M, diluted EPS $1.35
CAMDEN NATIONAL CORP
- Net income $23.0M, diluted EPS $1.35; ROAA 1.33%, ROATE 18.47% (non-GAAP).
- Total revenue up 5% linked quarter; net interest margin expanded 2 bps to 3.26%.
- Non-interest income up 21% to $14.5M; assets under administration $2.6B (+13% YoY).
- Loans grew 1% in Q2; committed loan pipeline $185.7M, up 45% from prior quarter.
- Book value per share $42.96; tangible book value $31.64; repurchased 52K shares at $47.64.