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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% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 183.79 | 156.33 | 172.62 | 248.29 |
| Pretax Income | 77.05 | 53.84 | 65.46 | 78.66 |
| Tax Provision | 15.61 | 10.45 | 12.46 | 13.49 |
| Net Income | 61.44 | 43.38 | 53 | 65.16 |
| Net Income Common Stockholders | 61.28 | 43.33 | 52.99 | 65.16 |
| Interest Expense | 25.09 | 93.98 | 117.10 | 117.40 |
| Interest Income | 172.79 | 226.25 | 249.56 | 320.65 |
| Selling General And Administration | 62.02 | 60.01 | 64.07 | 79.80 |
| Normalized Income | 61.44 | 43.38 | 53.94 | 72.29 |
| Basic EPS | 4.18 | 2.98 | 3.63 | 3.86 |
| Diluted EPS | 4.17 | 2.97 | 3.62 | 3.84 |
| Tax Effect Of Unusual Items | 0 | 0 | -0.22 | -1.48 |
| Tax Rate For Calcs | 0.20 | 0.19 | 0.19 | 0.17 |
| Total Unusual Items | 0 | 0 | -1.16 | -8.61 |
| Total Unusual Items Excluding Goodwill | 0 | 0 | -1.16 | -8.61 |
| Net Income From Continuing Operation Net Minority Interest | 61.44 | 43.38 | 53 | 65.16 |
| Reconciled Depreciation | 4.12 | 3.96 | 3.87 | 11.10 |
| Net Interest Income | 147.69 | 132.26 | 132.45 | 203.26 |
| Net Income From Continuing And Discontinued Operation | 61.44 | 43.38 | 53 | 65.16 |
| Diluted Average Shares | 14.73 | 14.61 | 14.64 | 16.97 |
| Basic Average Shares | 14.70 | 14.56 | 14.60 | 16.88 |
| Diluted NI Availto Com Stockholders | 61.28 | 43.33 | 52.99 | 65.16 |
| Otherunder Preferred Stock Dividend | 0.16 | 0.05 | 0.01 | 0 |
| Net Income Including Noncontrolling Interests | 61.44 | 43.38 | 53 | 65.16 |
| Net Income Continuous Operations | 61.44 | 43.38 | 53 | 65.16 |
| Special Income Charges | 0 | 0 | -1.16 | -8.61 |
| Other Special Charges | -0.20 | 0.68 | 0 | -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 |
| Amortization | 0.62 | 0.59 | 0.56 | 5.89 |
| Amortization Of Intangibles 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 | 0 | 0 | 0 | 0 |
| Salaries And Wages | 62.02 | 60.01 | 64.07 | 79.80 |
| Operating Revenue | 183.79 | 156.33 | 172.62 | 248.29 |
| 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 | $811M | 10.21↓ discount | 1.17 | 9.4% | - |
| Mid Penn Bancorp, Inc. | MPB | $840M | 15.06 | 0.94 | 6.9% | - |
| Farmers National Banc Corp. | FMNB | $824M | 9.60 | 1.08 | 11.2% | - |
| Root, Inc. | ROOT | $821M | 21.99 | 2.83 | 14.2% | 6.98 |
| World Acceptance Corporation | WRLD | $816M |
| 8.50 |
| 1.73 |
| 20.4% |
| - |
| First Community Bankshares, Inc. | FCBC | $804M | 16.14 | 1.56 | 9.7% | - |
| Capital City Bank Group, Inc. | CCBG | $788M | 13.05 | 1.41 | 11.1% | - |
| OppFi Inc. | OPFI | $785M | 9.28 | 4.29 | 8.5% | - |
| Bowhead Specialty Holdings Inc. | BOW | $784M | 15.01 | 1.74 | 12.0% | 9.66 |
| Peer Median | - | 14.03 | 1.65 | 11.2% | 8.32 | |