Camden National Corporation operates as the bank holding company for Camden National Bank that provides commercial and consumer banking products and services to consumer, institutional, municipal, non-profit, and commercial customers. The company accepts checking, savings, time, and brokered deposits, as well as certificates of deposit. It also originates single and multi-family residential loans, commercial real estate loans, business loans, municipal loans, and various consumer loans, as well as loans for the construction of residential homes, multi-family properties, and commercial real estate properties; and specialized lending to dentists, optometrists, and veterinarians. In addition, the company provides brokerage and insurance services through its financial offerings consisting of college, retirement, estate planning, mutual funds, strategic asset management accounts, and variable and fixed annuities. Further, it offers a range of fiduciary and asset management, wealth management, investment management, financial planning, and trustee services. As of December 31, 2020, the Bank had 57 branches in 13 counties; one branch in Portsmouth, New Hampshire; commercial loan production offices in Manchester, New Hampshire; and a mortgage loan production office in Braintree and Wakefield, Massachusetts, as well as 66 ATMs. The company was founded in 1875 and is headquartered in Camden, Maine.
IPO Year:
Exchange: NASDAQ
Website: camdennational.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/20/2024 | $50.00 | Mkt Perform → Outperform | Raymond James |
| 12/21/2022 | Mkt Perform | Raymond James | |
| 8/4/2022 | $48.00 | Overweight → Equal-Weight | Stephens |
| 10/7/2021 | Outperform → Market Perform | Raymond James | |
| 7/28/2021 | $52.00 → $50.00 | Outperform | Raymond James |
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Fourth Quarter Net Interest Margin Expansion and Solid Earnings Set the Stage Heading Into 2025 CAMDEN, Maine, Jan. 28, 2025 /PRNewswire/ -- Camden National Corporation (NASDAQ:CAC, ", Camden National", or the ", Company", )) today reported earnings for the quarter ended December 31, 2024, of $14.7 million and diluted earnings per share ("EPS") of $1.00, an increase of 12% and 11%, respectively, over the third quarter of 2024. On January 2, 2025, the Company announced the successful closing of its merger with Northway Financial, Inc. ("Northway"), the parent company of Northway Bank. The all-stock transaction was originally announced on September 10, 2024. As of the closing, the combined ins
CAMDEN, Maine, Jan. 6, 2025 /PRNewswire/ -- Camden National Corporation (NASDAQ:CAC) will report financial and operating results for the quarter and year ended December 31, 2024 on Tuesday, January 28, 2025. A conference call and webcast will be held at 3:00 p.m. Eastern on Tuesday, January 28, 2025 hosted by Simon Griffiths, President and Chief Executive Officer and Michael Archer, Executive Vice President, Chief Financial Officer. Parties interested in listening to the teleconference should dial into the call or connect to the webcast link 10 – 15 minutes before it begins. Dial-in and webcast information to participate is as follows: Live Dial-In (Domestic): (833) 470-1428Live Dial-In (Int
CAMDEN, Maine, Dec. 17, 2024 /PRNewswire/ -- Simon R. Griffiths, President and Chief Executive Officer of Camden National Corporation (NASDAQ:CAC, the ", Company", )), announced today that the board of directors of the Company declared a quarterly dividend of $0.42 per share. This quarterly payout results in an annualized dividend yield of 3.66% based on the December 16, 2024 closing price of the Company's common stock at $45.91 per share as reported by NASDAQ. The dividend is payable on January 31, 2025 to shareholders of record on January 15, 2025. About Camden National Corporation Camden National Corporation (NASDAQ:CAC) is Northern New England's largest publicly traded bank holding compa
Net Interest Margin Expansion and Robust Asset Quality Drive a Strong Quarter CAMDEN, Maine, Oct. 29, 2024 /PRNewswire/ -- Camden National Corporation (NASDAQ:CAC, ", Camden National", or the ", Company", )) today reported earnings for the quarter ended September 30, 2024 of $13.1 million and diluted earnings per share ("EPS") of $0.90, an increase of 9% and 11%, respectively, over the second quarter of 2024. The release of the Company's quarterly financial results follows its September 10, 2024, announcement of the pending merger with Northway Financial, Inc. ("Northway"), the parent company of Northway Bank, which is subject to Northway shareholder and customary regulatory approvals. The m
CAMDEN, Maine, Oct. 2, 2024 /PRNewswire/ -- Camden National Corporation (NASDAQ:CAC) will report financial and operating results for the quarter ended September 30, 2024 on Tuesday, October 29, 2024. A conference call and webcast will be held at 3:00 p.m. Eastern on Tuesday, October 29, 2024 hosted by Simon Griffiths, President and Chief Executive Officer and Michael Archer, Executive Vice President, Chief Financial Officer. Parties interested in listening to the teleconference should dial into the call or connect to the webcast link 10 – 15 minutes before it begins. Dial-in a
CAMDEN, Maine, Sept. 24, 2024 /PRNewswire/ -- Simon R. Griffiths, President and Chief Executive Officer of Camden National Corporation (NASDAQ:CAC, the ", Company", ))), announced today that the board of directors of the Company declared a quarterly dividend of $0.42 per share. This quarterly payout results in an annualized dividend yield of 4.27% based on the September 23, 2024 closing price of the Company's common stock at $39.39 per share as reported by NASDAQ. The dividend is payable on October 31, 2024 to shareholders of record on October 15, 2024. About Camden National Corporation Camden National Corporation (NASDAQ:CAC) is Northern New England's largest publicly traded bank holding co
Positions Camden National as a Premier Northern New England Bank CAMDEN, Maine and NORTH CONWAY, N.H., Sept. 10, 2024 /PRNewswire/ -- Camden National Corporation ("Camden National") (NASDAQ:CAC), the bank holding company for Camden National Bank, and Northway Financial, Inc. ("Northway") (OTCQB:NWYF), the parent company of Northway Bank, announced today that they have entered into a definitive agreement under which Camden National will acquire Northway in an all-stock transaction valued at approximately $86.6 million. The transaction presents a unique opportunity to combine two high-quality and culturally aligned franchises with adjacent geographies, creating a premier publicly traded northe
Net Interest Margin Expands, Asset Quality Remains Strong CAMDEN, Maine, July 30, 2024 /PRNewswire/ -- Camden National Corporation (NASDAQ:CAC, ", Camden National", or the ", Company", ))) today reported earnings for the quarter ended June 30, 2024 of $12.0 million and diluted earnings per share ("EPS") of $0.81, compared to $13.3 million and $0.91, respectively, for the first quarter of 2024. On a non-GAAP-basis, earnings before provision expense and income tax expense ("Pre-tax, pre-provision income") for the second quarter of 2024 was $15.5 million, compared to $14.2 million for the first quarter of 2024. "This quarter's results highlight the strength and stability of our long-standing o
CAMDEN, Maine, July 5, 2024 /PRNewswire/ -- Camden National Corporation (NASDAQ:CAC) will report financial and operating results for the quarter ended June 30, 2024 on Tuesday, July 30, 2024. A conference call and webcast will be held at 3:00 p.m. Eastern on Tuesday, July 30, 2024 hosted by Simon Griffiths, President and Chief Executive Officer and Michael Archer, Executive Vice President, Chief Financial Officer. Parties interested in listening to the teleconference should dial into the call or connect to the webcast link 10 – 15 minutes before it begins. Dial-in and webcast
CAMDEN, Maine, June 25, 2024 /PRNewswire/ -- Simon R. Griffiths, President and Chief Executive Officer of Camden National Corporation (NASDAQ:CAC, the ", Company", ))), announced today that the board of directors of the Company declared a quarterly dividend of $0.42 per share. This quarterly payout results in an annualized dividend yield of 5.30% based on the June 24, 2024 closing price of the Company's common stock at $31.72 per share as reported by NASDAQ. The dividend is payable on July 31, 2024 to shareholders of record on July 15, 2024. About Camden National Corporation Camden National Corporation (NASDAQ:CAC) is Northern New England's largest publicly traded bank holding company, with
Appoints Larry Haynes to Board of Directors CAMDEN, Maine, Jan. 2, 2025 /PRNewswire/ -- Camden National Corporation ("Camden National") (NASDAQ:CAC), the bank holding company for Camden National Bank, today announced the closing of its merger with Northway Financial, Inc. ("Northway") (OTCQB:NWYF), the parent company of Northway Bank. The all-stock transaction was originally announced on September 10, 2024. The combined institution has total assets of approximately $7.0 billion and 73 branches in Maine and New Hampshire. "We are excited to have successfully completed Camden National's merger with Northway and, in doing so, to strategically bolster our New Hampshire presence, creating a premi
Griffiths to take helm at yearend as Greg Dufour retires after nearly two decades as President and CEO CAMDEN, Maine, Aug. 21, 2023 /PRNewswire/ -- The Board of Directors of Camden National Corporation (NASDAQ:CAC) and its wholly owned subsidiary, Camden National Bank (together, "Camden National" or the "Bank"), today announced the appointment of Simon Griffiths, age 50, as the successor to current President and Chief Executive Officer, Gregory Dufour, age 63, effective December 31, 2023. Griffiths will join Camden National on or around November 20, 2023, as Executive Vice President & Chief Operating Officer. He will become President and CEO of Camden National, as well as a member of the Bo
CAMDEN, Maine, May 31, 2023 /PRNewswire/ -- Camden National Bank today announced that David Ackley Jr. will be promoted to Executive Vice President and assume the Chief Risk Officer role upon Joanne Campbell's retirement on July 7, 2023. Ackley, a 12-year veteran of the bank, previously served as Senior Vice President, Director of Information Security & Enterprise Risk Management. "David is a proven leader at Camden National Bank, and we feel fortunate to be able to promote from within for such a critical role," said Gregory Dufour, president and CEO of Camden National Bank. "He has been instrumental in several enterprise-wide projects, including steering our COVID Response Team, and was a
Bank welcomes distinguished credit risk and housing leader CAMDEN, Maine, Sept. 28, 2022 /PRNewswire/ -- Camden National Corporation (NASDAQ:CAC), parent company of Camden National Bank, today announced the appointment of Rebecca Hatfield as a director, effective December 31, 2022. She has also been appointed to the board's Capital Committee and Camden National Bank's Board of Directors. "We are extremely pleased to welcome Rebecca as a new independent director to our board," said Larry Sterrs, chair of Camden National Corporation's Board of Directors. "Rebecca's deep knowledge of risk management, including underwriting and portfolio management will bring invaluable perspective which will e
Raymond James upgraded Camden National Corp. from Mkt Perform to Outperform and set a new price target of $50.00
Raymond James initiated coverage of Camden National Corp. with a rating of Mkt Perform
Stephens downgraded Camden National Corp. from Overweight to Equal-Weight and set a new price target of $48.00
Raymond James downgraded Camden National from Outperform to Market Perform
Raymond James reiterated coverage of Camden National with a rating of Outperform and set a new price target of $50.00 from $52.00 previously
Stephens & Co. initiated coverage of Camden National with a rating of Overweight and set a new price target of $54.00
Raymond James reiterated coverage of Camden National with a rating of Outperform and set a new price target of $52.00 from $45.00 previously
Raymond James upgraded Camden National from Market Perform to Outperform and set a new price target of $45.00
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Fourth Quarter Net Interest Margin Expansion and Solid Earnings Set the Stage Heading Into 2025 CAMDEN, Maine, Jan. 28, 2025 /PRNewswire/ -- Camden National Corporation (NASDAQ:CAC, ", Camden National", or the ", Company", )) today reported earnings for the quarter ended December 31, 2024, of $14.7 million and diluted earnings per share ("EPS") of $1.00, an increase of 12% and 11%, respectively, over the third quarter of 2024. On January 2, 2025, the Company announced the successful closing of its merger with Northway Financial, Inc. ("Northway"), the parent company of Northway Bank. The all-stock transaction was originally announced on September 10, 2024. As of the closing, the combined ins
CAMDEN, Maine, Jan. 6, 2025 /PRNewswire/ -- Camden National Corporation (NASDAQ:CAC) will report financial and operating results for the quarter and year ended December 31, 2024 on Tuesday, January 28, 2025. A conference call and webcast will be held at 3:00 p.m. Eastern on Tuesday, January 28, 2025 hosted by Simon Griffiths, President and Chief Executive Officer and Michael Archer, Executive Vice President, Chief Financial Officer. Parties interested in listening to the teleconference should dial into the call or connect to the webcast link 10 – 15 minutes before it begins. Dial-in and webcast information to participate is as follows: Live Dial-In (Domestic): (833) 470-1428Live Dial-In (Int
Appoints Larry Haynes to Board of Directors CAMDEN, Maine, Jan. 2, 2025 /PRNewswire/ -- Camden National Corporation ("Camden National") (NASDAQ:CAC), the bank holding company for Camden National Bank, today announced the closing of its merger with Northway Financial, Inc. ("Northway") (OTCQB:NWYF), the parent company of Northway Bank. The all-stock transaction was originally announced on September 10, 2024. The combined institution has total assets of approximately $7.0 billion and 73 branches in Maine and New Hampshire. "We are excited to have successfully completed Camden National's merger with Northway and, in doing so, to strategically bolster our New Hampshire presence, creating a premi
CAMDEN, Maine, Dec. 20, 2024 /PRNewswire/ -- Camden National Corporation ("Camden National") (NASDAQ:CAC), the bank holding company for Camden National Bank, announced today that it had received all necessary regulatory approvals to complete its previously announced proposed merger with Northway Financial, Inc. ("Northway") (OTCQB:NWYF), the parent company of Northway Bank. The transaction is expected to close on or about January 2, 2025, pending satisfaction of customary closing conditions. "We are pleased to have quickly received the required regulatory approvals for this merger, and we remain excited to bolster our footprint into New Hampshire," said Simon Griffiths, president and chief e
CAMDEN, Maine, Dec. 17, 2024 /PRNewswire/ -- Simon R. Griffiths, President and Chief Executive Officer of Camden National Corporation (NASDAQ:CAC, the ", Company", )), announced today that the board of directors of the Company declared a quarterly dividend of $0.42 per share. This quarterly payout results in an annualized dividend yield of 3.66% based on the December 16, 2024 closing price of the Company's common stock at $45.91 per share as reported by NASDAQ. The dividend is payable on January 31, 2025 to shareholders of record on January 15, 2025. About Camden National Corporation Camden National Corporation (NASDAQ:CAC) is Northern New England's largest publicly traded bank holding compa
Net Interest Margin Expansion and Robust Asset Quality Drive a Strong Quarter CAMDEN, Maine, Oct. 29, 2024 /PRNewswire/ -- Camden National Corporation (NASDAQ:CAC, ", Camden National", or the ", Company", )) today reported earnings for the quarter ended September 30, 2024 of $13.1 million and diluted earnings per share ("EPS") of $0.90, an increase of 9% and 11%, respectively, over the second quarter of 2024. The release of the Company's quarterly financial results follows its September 10, 2024, announcement of the pending merger with Northway Financial, Inc. ("Northway"), the parent company of Northway Bank, which is subject to Northway shareholder and customary regulatory approvals. The m
CAMDEN, Maine, Oct. 2, 2024 /PRNewswire/ -- Camden National Corporation (NASDAQ:CAC) will report financial and operating results for the quarter ended September 30, 2024 on Tuesday, October 29, 2024. A conference call and webcast will be held at 3:00 p.m. Eastern on Tuesday, October 29, 2024 hosted by Simon Griffiths, President and Chief Executive Officer and Michael Archer, Executive Vice President, Chief Financial Officer. Parties interested in listening to the teleconference should dial into the call or connect to the webcast link 10 – 15 minutes before it begins. Dial-in a
CAMDEN, Maine, Sept. 24, 2024 /PRNewswire/ -- Simon R. Griffiths, President and Chief Executive Officer of Camden National Corporation (NASDAQ:CAC, the ", Company", ))), announced today that the board of directors of the Company declared a quarterly dividend of $0.42 per share. This quarterly payout results in an annualized dividend yield of 4.27% based on the September 23, 2024 closing price of the Company's common stock at $39.39 per share as reported by NASDAQ. The dividend is payable on October 31, 2024 to shareholders of record on October 15, 2024. About Camden National Corporation Camden National Corporation (NASDAQ:CAC) is Northern New England's largest publicly traded bank holding co
Positions Camden National as a Premier Northern New England Bank CAMDEN, Maine and NORTH CONWAY, N.H., Sept. 10, 2024 /PRNewswire/ -- Camden National Corporation ("Camden National") (NASDAQ:CAC), the bank holding company for Camden National Bank, and Northway Financial, Inc. ("Northway") (OTCQB:NWYF), the parent company of Northway Bank, announced today that they have entered into a definitive agreement under which Camden National will acquire Northway in an all-stock transaction valued at approximately $86.6 million. The transaction presents a unique opportunity to combine two high-quality and culturally aligned franchises with adjacent geographies, creating a premier publicly traded northe
Net Interest Margin Expands, Asset Quality Remains Strong CAMDEN, Maine, July 30, 2024 /PRNewswire/ -- Camden National Corporation (NASDAQ:CAC, ", Camden National", or the ", Company", ))) today reported earnings for the quarter ended June 30, 2024 of $12.0 million and diluted earnings per share ("EPS") of $0.81, compared to $13.3 million and $0.91, respectively, for the first quarter of 2024. On a non-GAAP-basis, earnings before provision expense and income tax expense ("Pre-tax, pre-provision income") for the second quarter of 2024 was $15.5 million, compared to $14.2 million for the first quarter of 2024. "This quarter's results highlight the strength and stability of our long-standing o