#United States #Camden #NASDAQ CAC #Q3 2025 Earnings #Camden National Corporation

Camden National Corporation Reports Record Earnings for Q3 2025

Camden National Corporation (NASDAQ: CAC), a prominent financial institution in Northern New England, has recently announced its third-quarter earnings for 2025. The company reported an impressive net income of $21.2 million for the quarter ending September 30, 2025. This figure represents a remarkable 51% increase compared to the preceding quarter, highlighting the solid performance of the organization amidst the evolving financial landscape.

Key Financial Highlights

Simon Griffiths, President and CEO of Camden National Corporation, expressed pride in the results, stating, "These financial outcomes not only reflect the strength and resilience of our core franchise but also mark a pivotal moment for the organization." The company recorded diluted earnings per share (EPS) of $1.25, also a gain of 51% from the previous quarter. Key financial metrics for the third quarter include:

• - Return on average assets: 1.21%
• - Return on average equity: 12.75%
• - Return on average tangible equity (non-GAAP): 19.14%

A significant factor contributing to this stellar performance is the successful acquisition and integration of Northway Financial, Inc., completed earlier this year. This strategic move has positioned Camden National to accelerate its growth trajectory and enhance shareholder value.

Financial Condition Overview

As of September 30, 2025, the financial condition of Camden National appears robust, with total assets reaching $7.0 billion, a 1% increase since June 30, 2025. Investments amounted to $1.4 billion, equating to a 1% growth. The company’s loan portfolio stood at $5.0 billion, showing an increase driven by a 4% growth in commercial real estate loans and a 5% rise in home equity loans.

Deposits have recorded a slight decrease of 2%, totaling $5.4 billion as of the same date. Nonetheless, average deposits, excluding brokered deposits, increased by 2% during the quarter, demonstrating seasonal inflows across its markets. Notably, the loan-to-deposit ratio tightened to 93%, compared to 89% in the previous quarter.

Asset Quality Analysis

Camden National maintains a strong asset quality, with non-performing assets representing only 0.12% of total assets and past-due loans accounting for 0.16% of total loans. The company proactively managed its asset quality by preparing for potential losses related to previously disclosed syndicated loans associated with a telecom services firm that filed for bankruptcy. During Q3 2025, Camden National charged off $10.7 million of the loan balance because of continuing developments in the bankruptcy proceedings, but maintained an allowance for credit losses on loans at 0.91%.

Strategic Outlook and Plans

With its successful third-quarter results, Camden National Corporation is optimistic about sustaining its growth momentum. The company plans to continue focusing on its core banking services while exploring new opportunities for expansion, particularly in investment and wealth management. Customers can expect enhanced services, as Camden National leverages digital banking technologies to meet evolving customer needs better.

Conclusion

In summary, Camden National Corporation has reported successfully in Q3 2025, achieving significant financial milestones that position the bank strongly for future growth. The company's focus on strategic acquisitions and maintaining asset quality continues to drive its earnings, making it a noteworthy player in the financial services industry. Investors and stakeholders can look forward to the upcoming conference call scheduled for October 28, 2025, where further insights on the company's financial outlook and performance will be shared.

For more information, please visit Camden National's website or tune into the live webcast of the earnings call.