#United States #Camden National #Camden, Maine #Net Income #strategic initiatives

Camden National Corporation Reports Record Fourth Quarter 2025 Earnings and Future Outlook

Camden National Corporation (NASDAQ: CAC), the largest publicly traded bank holding company in Northern New England, has announced its financial results for the fourth quarter of 2025, revealing a record net income of $22.6 million and a diluted earnings per share (EPS) of $1.33. This marks a 6% increase compared to the third quarter of the same year, showcasing the bank's consistent growth trajectory and effective management strategies.

Financial Performance Overview

In detail, Camden National reported a compelling return on average assets of 1.28% and return on average equity of 13.01% for Q4 2025. The return on average tangible equity stood at an impressive 19.06%, further emphasizing the bank's robust financial health. Key highlights included a significant expansion in net interest margin—reaching 3.29%, a 13 basis points increase from the previous quarter.

The bank's President and CEO, Simon Griffiths, expressed his satisfaction with the results, stating, "We are delighted to report record-breaking quarterly performance, powered by strong execution of our strategic initiatives and continued expansion of our net interest margin." This statement encapsulates Camden National’s commitment to enhancing customer and community relations while also driving financial success.

Annual Performance

For the entire fiscal year ending December 31, 2025, Camden National Corporation reported a net income of $65.2 million, alongside a diluted EPS of $3.84, marking a 23% increase in overall net income from the previous year. Additionally, on a non-GAAP basis, the adjusted net income rose to $74.4 million, indicating a 39% increase year-over-year.

Operational Highlights

• - Pre-tax, Pre-provision Income: For Q4 2025, the pre-tax, pre-provision income increased 6% from the previous quarter to $31.2 million.
• - Efficiency Ratios: The bank maintained strong performance with a GAAP efficiency ratio of 54.16% and a non-GAAP efficiency ratio of 51.69%, highlighting ongoing disciplined expense management.
• - Book Value Growth: Camden National’s book value per share increased by 3% from $39.97 to $41.16, indicando a proactive growth strategy.
• - New Share Repurchase Program: Recently, the company announced a share repurchase initiative allowing for the buyback of up to 850,000 shares, or approximately 5% of outstanding stock.

Contribution from Recent Acquisition

The bank's asset base expanded significantly to $7.0 billion, a 20% increase for the year, largely driven by the acquisition of Northway Financial, which closed in January 2025. This move has strengthened Camden National's market presence in New Hampshire and enhanced overall operational capabilities.

Future Outlook

Looking ahead, Camden National Corporation is optimistic about its growth potential in 2026. CEO Griffiths underlined the foundational strength provided by the impressive 2025 results, enhancing confidence in achieving their strategic goal of being the premier community bank in Northern New England. The dedication of staff and strategic initiatives are seen as pivotal in navigating challenges and seizing future opportunities.

Conclusion

With a commitment to customer service and effective growth strategies, Camden National Corporation positions itself favorably for the future. As they continue to execute on their strategic plans and expand services, stakeholders can expect further positive performance in the coming quarters. The bank remains confident in leveraging its solid financial results as a platform for enduring success and community investment.

Source: Camden National Corporation