camden national corp (CAC) Key Developments
Camden National Corp. Declares Quarterly Dividend, Payable on July 31, 2014
Jun 24 14
Camden National Corp. announced that the board of directors of the company declared a dividend of $0.27 per share payable on July 31, 2014, for shareholders of record on July 17, 2014.
Camden National Corp. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Reports Net Charge-Offs for the First Quarter Ended March 31, 2014
Apr 29 14
Camden National Corp. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported total interest income of $21.393 million against $22.426 million a year ago. Net interest income was $18.410 million against $19.168 million a year ago. Income before income taxes was $8.477 million against $8.330 million a year ago. Net income was $5.715 million against $5.662 million a year ago. Diluted earnings per share were $0.75 against $0.74 million a year ago. The increase in net income was led by a decrease in operating costs and provision for credit losses of $1.6 million, offsetting the decrease in revenues of $1.4 million. Net interest income decreased $758,000 compared to the first quarter of 2013 due to both the Branch Divestiture and continued net interest margin compression with loan and investment yields declining. Return on average assets was 0.89% against 0.90% a year ago. Return on average shareholders equity was 9.97% against 9.81% a year ago. Return on average tangible shareholders equity (non-GAAP) was 13.05% against 13.10% a year ago. Adjusted net income was $5.902 million against $5.849 million a year ago. Book value per share was $30.93 against $30.85 a year ago. Tangible book value per share was $24.38 against $23.91 a year ago.
For the first quarter ended March 31, 2014, the company reported net charge-offs of $0.412 million against $0.359 million a year ago.
Robert J. Campbell Resigns from the Board of Directors of Camden National Corporation
Apr 25 14
On April 22, 2014, Robert J. Campbell resigned from the Board of Directors of Camden National Corporation. Mr. Campbell does not have any disagreements with the company on any matter relating to its operations, policies or practices.
Camden National Corp. Declares Quarterly Dividend, Payable on April 30, 2014
Mar 25 14
Camden National Corporation announced that the board of directors of the company declared a $0.27 per share dividend payable on April 30, 2014, for shareholders of record on April 16, 2014.
Camden National Corporation Elects S. Catherine Longley to Serve as a Member of the Board of Directors
Feb 26 14
The board of directors of Camden National Corporation has announced that S. Catherine Longley has been elected to serve as a member of the board of directors. She is the senior vice president of finance and administration and treasurer at Bowdoin College in Brunswick, Maine and currently serves as a trustee of Wheaton College in Norton, Massachusetts, as a director of Maine Employers Mutual Insurance Company in Portland, Maine, and as a member of the Subscriber Advisory Board of United Educators, a reciprocal risk retention group, in Chevy Chase, Maryland. In addition to the boards on which she currently serves, Ms. Longley previously served on the Maine Development Foundation board in Augusta, Maine, the Brunswick Redevelopment Authority in Brunswick, Maine, and the Maine Citizens Against Handgun Violence board in Portland, Maine.