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Camden National Corporation operates as the bank holding company for Camden National Bank that provides various commercial and consumer banking products and services for consumer, institutional, municipal, non-profit, and commercial customers in the United States. The company accepts checking, savings, time, and brokered deposits, as well as deposits with the certificate of deposit account registry system. Its loan products include non-owner-occupied commercial real estate loans; owner-occupied commercial real estate loans; commercial loans; residential real estate loans, including one- to four-family residences; and consumer and home equity loans. 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 and advisory, financial planning, and trustee services. Camden National Corporation was founded in 1875 and is headquartered in Camden, Maine.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $248M | - | $65M | $58M | 9.4% | 43.8% | 22.9% |
| 2024 | $173M | - | $53M | $55M | 10.0% | 10.4% | 22.2% |
| 2023 | $156M | - | $43M | $65M | 8.8% | -14.9% | -29.4% |
| 2022 | $184M | - | $61M | $103M | 13.6% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 183.79 | 156.33 | 172.62 | 248.29 |
| Operating Revenue | - | 183.79 | 156.33 | 172.62 | 248.29 |
| Selling General And Administration | - | 62.02 | 60.01 | 64.07 | 79.80 |
| Interest Income | - | 172.79 | 226.25 | 249.56 | 320.65 |
| Interest Expense | - | 25.09 | 93.98 | 117.10 | 117.40 |
| Net Interest Income | - | 147.69 | 132.26 | 132.45 | 203.26 |
| Pretax Income | - | 77.05 | 53.84 | 65.46 | 78.66 |
| Tax Provision | - | 15.61 | 10.45 | 12.46 | 13.50 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | -0.22 | -1.48 |
| Net Income Continuous Operations | - | 61.44 | 43.38 | 53 | 65.16 |
| Net Income From Continuing And Discontinued Operation | - | 61.44 | 43.38 | 53 | 65.16 |
| Net Income From Continuing Operation Net Minority Interest | - | 61.44 | 43.38 | 53 | 65.16 |
| Net Income | - | 61.44 | 43.38 | 53 | 65.16 |
| Net Income Common Stockholders | - | 61.28 | 43.33 | 52.99 | 65.16 |
| Net Income Including Noncontrolling Interests | - | 61.44 | 43.38 | 53 | 65.16 |
| Normalized Income | - | 61.44 | 43.38 | 53.94 | 72.29 |
| Diluted NI Availto Com Stockholders | - | 61.28 | 43.33 | 52.99 | 65.16 |
| Basic Average Shares | - | 14.70 | 14.56 | 14.60 | 16.88 |
| Diluted Average Shares | - | 14.73 | 14.61 | 14.64 | 16.97 |
| Reconciled Depreciation | - | 4.12 | 3.96 | 3.87 | 11.10 |
| Total Unusual Items | - | 0 | 0 | -1.16 | -8.61 |
| Total Unusual Items Excluding Goodwill | - | 0 | 0 | -1.16 | -8.61 |
| Special Income Charges | - | 0 | 0 | -1.16 | -8.61 |
| Other Special Charges | - | -0.20 | 0.68 | - | -0.68 |
| Restructuring And Mergern Acquisition | - | 0 | 0 | 1.16 | 9.29 |
| Gain On Sale Of Security | - | -0.91 | -12.15 | 0.91 | 0 |
| Depreciation Amortization Depletion Income Statement | - | 0.62 | 0.59 | 0.56 | 5.89 |
| Depreciation And Amortization In Income Statement | - | 0.62 | 0.59 | 0.56 | 5.89 |
| General And Administrative Expense | - | 62.02 | 60.01 | 64.07 | 79.80 |
| Other Gand A | 2.07 | - | - | - | - |
| Salaries And Wages | - | 62.02 | 60.01 | 64.07 | 79.80 |
| Otherunder Preferred Stock Dividend | 0.19 | 0.16 | 0.05 | 0.01 | - |
| Amortization | - | 0.62 | 0.59 | 0.56 | 5.89 |
| Amortization Of Intangibles Income Statement | - | 0.62 | 0.59 | 0.56 | 5.89 |
| Occupancy And Equipment | - | 20.62 | 21.05 | 22.28 | 28.96 |
| Professional Expense And Contract Services Expense | - | 4.07 | 4.52 | 3.58 | 4.62 |
| Other Non Interest Expense | - | 14.91 | 16.06 | 15 | 19.47 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Camden National Corporationthis co. | CAC | $852M | 13.08↓ discount | 1.22 | 9.4% | - |
| Amerant Bancorp Inc. | AMTB | $887M | 16.92 | 0.94 | 5.6% | - |
| NB Bancorp, Inc. | NBBK | $873M | 17.35 | 1.02 | 5.9% | - |
| Abacus Global Management, Inc. | ABX | $851M | 23.29 | 2.03 | 8.7% | 11.11 |
| First Financial Corporation | THFF |
| - |
| - |
| - |
| - |
| - |
| - |
| $840M |
| 10.61 |
| 1.29 |
| 12.2% |
| - |
| Farmers National Banc Corp. | FMNB | $834M | 15.27 | 1.72 | 11.2% | - |
| Root, Inc. | ROOT | $833M | 20.67 | 2.93 | 14.2% | - |
| Eagle Bancorp, Inc. | EGBN | $828M | -6.00 | 0.73 | -12.2% | - |
| Mid Penn Bancorp, Inc. | MPB | $823M | 14.64 | 1.01 | 6.9% | - |
| Peer Median | - | 16.10 | 1.15 | 7.8% | 11.11 | |