MARKET COMPOSITE
CAC - Camden National Corp.8:00:00 PM 4/19/2024
Price
$30.06
+ 1.35 (4.70%)
Camden National Corporation operates as the holding company for Camden National Bank that provides commercial and consumer banking products and services to consumer, institutional, municipal, non-profit, and commercial customers. It offers various deposit products, including demand, checking, saving, and money market accounts; and time deposits, as well as certificates of deposit. The company also originates single family and multi-family residential loans, commercial real estate loans, business loans, municipal loans, and various consumer loans, as well as loans for the construction of residential homes, multi-family properties, and commercial real estate properties; and commercial lending to the small business medical field, including dentists, optometrists, and veterinarians. 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 investment management, financial planning, fiduciary, asset management, and wealth management services, as well as serves as trustee. As of December 31, 2019, the Bank had 60 branches in 16 counties; 71 ATMs; commercial loan production offices in Manchester and Portsmouth, New Hampshire; and a mortgage loan production office in Braintree, Massachusetts. The company was founded in 1875 and is headquartered in Camden, Maine.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue8.8MM+3%
Operating Income10.3MM-14%
Operating Expenses27.8MM+6%
Net Income8.5MM-13%
Compensation15.4MM+4%
Professional Service1.2MM+33%
Provision569K-199%
Amortization148K-
Interest Expense27.1MM+8%
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