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What Camden National (CAC) said on its Q3 earnings call. October 27, 2026 Key points. * Strong earnings and margin expansion: Camden National reported third-quarter net income of $22.8 million, up 8% year over year, while record revenue reached $68.7 million. Deposit growth and lower funding costs lifted reported net interest margin to 3.41%. * Deposits grew, but loans remained flat: Deposits rose 5% sequentially and 8% year over year to $5.8 billion, while total loans held near $5 billion. Home equity balances increased 25% year over year, supporting management's expectation for modest loan growth in the fourth quarter and low-single-digit growth through 2027. * Credit quality and capital remained solid: Nonperforming and past-due loans declined, and net charge-offs remained low, although the provision for credit losses increased to $1.9 million. Capital ratios strengthened, with total risk-based capital reaching 14.82%. * MarketBeat All Access makes it easier to follow Camden National with alerts, analyst ratings, and deeper research - now $149 a year with your rate locked in. Camden National NASDAQ: CAC reported third-quarter 2026 net income of $22.8 million, or $1.34 per diluted share, as deposit growth and a lower-cost funding mix supported margin expansion. Net income increased 8% from the third quarter of 2025, while diluted earnings per share rose 7%, according to President and Chief Executive Officer Simon Griffiths. The company said total revenue reached a record $68.7 million, compared with $67.4 million in the second quarter. Pre-tax, pre-provision income rose 4% sequentially and 6% year over year to $31.2 million. Camden ended the quarter with approximately $7.1 billion in assets. Deposits drive margin improvement. Total deposits increased 5% from the prior quarter and 8% from a year earlier to $5.8 billion. Griffiths attributed the growth to seasonal inflows, customer retention and new customer relationships, while Chief Financial Officer Mike Archer said the company also benefited from new customer acquisition and growth in its high-yield savings product. Archer said some of the deposit growth came from a large customer placing deposits with the bank near quarter-end. He also said Camden generally experiences approximately 1% to 2% overall deposit growth from seasonal factors. The stronger funding mix helped reported net interest margin expand 15 basis points from the second quarter to 3.41%, exceeding the company's prior guidance range. On a non-GAAP basis, core net interest margin increased 13 basis points to 3.10%. Average funding costs declined to 1.63% in the third quarter from 1.70% in the second quarter, while average deposit costs edged down to 1.55%. Archer said Camden expects fourth-quarter net interest margin to remain relatively consistent with the third quarter. Looking further ahead, he said the company was positioned for continued margin expansion in 2027, although the pace could slow and quarterly results could be affected by seasonality. Loan balances remain flat as home equity grows. Total loans were essentially unchanged from both the preceding quarter and the prior year at $5 billion. Home equity lending remained a growth area, with balances rising 7% during the quarter and 25% year over year to $392 million. Residential real estate lending also grew modestly. Commercial loan balances declined slightly, reflecting payoffs and management's planned exit from credits that no longer fit portfolio objectives. Griffiths said the company expects modest loan growth in the fourth quarter and is targeting low-single-digit growth through 2027. Camden added four commercial bankers during the quarter, including two covering Massachusetts and two covering southern Maine. Griffiths said the hires are building pipelines and are intended to support commercial growth over time, while the bank remains disciplined on pricing and loan structure. He said the commercial loan pipeline in Massachusetts totaled $127 million. Archer said the portfolio origination rate was approximately 6.30% during the third quarter and could remain in a range of roughly 6.25% to 6.50% in the near term. He also said the company expects quarterly cash flows of approximately $30 million to $40 million from its securities portfolio and $200 million to $250 million from contractual and estimated loan prepayments. Fee income falls; expenses Hold steady. Non-interest income totaled $13.2 million, down 8% from the second quarter and 6% from a year earlier. Archer said the sequential decline reflected lower bank-owned life insurance and mortgage banking income, both of which are sensitive to market conditions. The change in fair-value accounting was $921,000 lower between periods on a linked-quarter basis. For the fourth quarter, management estimated non-interest income of $13.5 million to $14.5 million. Non-interest expense was $37.5 million, essentially unchanged from the prior quarter and 4% higher than a year earlier. The company's non-GAAP efficiency ratio improved to 52.44% from 53.23% in the second quarter. Archer said Camden expects fourth-quarter expenses of $37.5 million to $38 million and continues to target an efficiency ratio in the mid-50% range over the longer term. Griffiths said the bank is funding hiring and other franchise investments while seeking efficiencies through technology. He cited Camden's partnership with Snowflake, saying business teams are using Snowflake Explorer to access customer and performance information, support targeted sales outreach and reduce manual analysis. Credit metrics improve, capital remains strong. Credit quality metrics improved during the quarter. Nonperforming loans declined to 16 basis points of total loans at Sept. 30, from 24 basis points at the end of the second quarter. Past-due loans fell to 14 basis points from 15 basis points. Annualized net charge-offs were 7 basis points of average loans for the third quarter and 5 basis points year to date. The allowance for credit losses increased by one basis point to 0.92% of total loans, contributing to a $1.9 million provision for credit losses, compared with $710,000 in the second quarter. Archer said the higher provision reflected changes in the economic outlook and increased unfunded reserves associated with strong home-equity line production. He described overall credit performance as sound. Camden's total risk-based capital ratio increased to 14.82%, and its Tier 1 leverage ratio rose to 9.92%. The tangible common equity ratio was 7.73%, while tangible book value per share was $31.40. Both measures declined from June 30 because higher market interest rates affected accumulated other comprehensive loss. Griffiths said the company entered the fourth quarter with confidence in its outlook and believes its investments in talent, customer relationships and technology position it for growth in 2027. About Camden National (NASDAQ:CAC). Camden National Corporation NASDAQ: CAC is a bank holding company headquartered in Camden, Maine. Through its principal subsidiary, Camden National Bank, the company provides banking and financial services to individuals, families, businesses and municipalities primarily across Maine. Camden National Bank offers deposit accounts, residential and commercial real estate loans, consumer lending, business financing, cash-management services and digital banking. Its offerings also include wealth management, trust and investment services designed to support customers with financial planning and asset management needs. Founded in 1875, Camden National has developed a community-banking model supported by branches and banking offices throughout Maine. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider Camden National, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Camden National wasn't on the list. While Camden National currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. 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Camden National (NASDAQ:CAC), a Maine-based regional bank, reports third-quarter results before the bell on Tuesday. Analysts expect revenue to grow 3.4% year on year, down from 45.6% in the same quarter last year. Last quarter, the bank beat revenue estimates with $67.64 million, up 8.1%. Tangible book value per share matched forecasts, while net interest income slightly missed. The company rarely misses Wall Street's revenue estimates. Among peers, Byline Bancorp grew revenue 4.6%, beating estimates by 3.7%. First Citizens BancShares reported flat revenue, topping estimates by 2%. Camden's shares were unchanged over the past month. The average analyst price target is $59.60, against a current price of $57.86.

Camden National Corporation (NASDAQ:CAC) stock has average target price of $56.50 according to analysts. October 10, 2026 Key points. * Analysts maintain a "Hold" consensus on Camden National, with four hold ratings and two buy ratings. The average 12-month price target is $56.50, ranging from recent targets of $55 to $60. * Institutional investors and hedge funds own 77.41% of CAC shares, with BlackRock acquiring the largest newly reported position at approximately $96.7 million. * Camden National exceeded quarterly expectations, reporting EPS of $1.35 versus $1.29 expected and revenue of $67.41 million. The company also declared a quarterly dividend of $0.42 per share, representing a 3.0% annualized yield. * MarketBeat previews top five stocks to own in November. Shares of Camden National Corporation (NASDAQ:CAC - Get Free Report) have earned a consensus recommendation of "Hold" from the six research firms that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $56.50. Several analysts have recently weighed in on CAC shares. Keefe, Bruyette & Woods increased their price target on shares of Camden National from $50.00 to $55.00 and gave the company a "market perform" rating in a research note on Thursday, July 30th. Hovde Group began coverage on shares of Camden National in a research report on Tuesday, September 15th. They set a "hold" rating on the stock. Weiss Ratings raised shares of Camden National from a "buy (b)" rating to a "buy (b+)" rating in a research report on Thursday. National Bank Financial set a $60.00 price objective on Camden National in a report on Tuesday, September 15th. Finally, Raymond James Financial increased their price objective on Camden National from $56.00 to $58.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 1st. Institutional trading of Camden National. A number of hedge funds and other institutional investors have recently modified their holdings of CAC. BlackRock Inc. acquired a new position in Camden National during the second quarter worth $96,659,000. Basswood Capital Management L.L.C. acquired a new stake in shares of Camden National in the second quarter valued at $13,430,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Camden National in the second quarter valued at $12,693,000. Kimelman & Baird LLC purchased a new stake in shares of Camden National in the 2nd quarter valued at $7,444,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Camden National in the 2nd quarter valued at $6,545,000. 77.41% of the stock is owned by institutional investors and hedge funds. Camden National trading down 1.6%. Shares of CAC stock opened at $55.49 on Friday. The company's 50-day moving average price is $57.37 and its 200-day moving average price is $53.28. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.09. The stock has a market cap of $937.78 million, a price-to-earnings ratio of 10.63 and a beta of 0.57. Camden National has a twelve month low of $35.00 and a twelve month high of $60.59. Discover more Stock research tools Premium stock reports Stock Screener Tool Camden National (NASDAQ:CAC - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The financial services provider reported $1.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.29 by $0.06. Camden National had a net margin of 23.64% and a return on equity of 12.59%. The firm had revenue of $67.41 million during the quarter, compared to analyst estimates of $66.41 million. As a group, equities analysts predict that Camden National will post 5.36 earnings per share for the current year. Camden National announces dividend. The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Thursday, October 15th. Camden National's dividend payout ratio is 32.18%. About Camden National. Camden National Corporation is the bank holding company for Camden National Bank, a community banking institution headquartered in Camden, Maine. Founded in 1875, the company provides banking and financial services to individuals, families, businesses and municipal organizations. Camden National Bank offers deposit accounts, consumer and commercial loans, residential mortgages, cash-management services and other traditional banking products. Through its wealth management operations, the company also provides investment management, trust, financial planning and related advisory services. The company primarily serves customers across Maine through a network of banking offices, lending teams and digital banking services. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider Camden National, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Camden National wasn't on the list. While Camden National currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. Discover the 10 Best High-Yield Dividend Stocks for 2026 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps. Continue following MarketBeat