Last $35.42 USD
Change Today -0.11 / -0.31%
Volume 6.2K
CAC On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 09/16/14 All times are local (Market data is delayed by at least 15 minutes).

camden national corp (CAC) Snapshot

Open
$35.60
Previous Close
$35.53
Day High
$35.78
Day Low
$35.41
52 Week High
11/27/13 - $43.89
52 Week Low
02/6/14 - $34.52
Market Cap
262.9M
Average Volume 10 Days
8.4K
EPS TTM
$3.03
Shares Outstanding
7.4M
EX-Date
07/15/14
P/E TM
11.7x
Dividend
$1.08
Dividend Yield
3.05%
Current Stock Chart for CAMDEN NATIONAL CORP (CAC)

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camden national corp (CAC) Details

Camden National Corporation operates as the holding company for Camden National Bank that provides commercial and consumer banking products and services to the individuals, businesses, municipalities, non-profits, and commercial customers primarily in the State of Maine. It principally offers various deposit products, including demand deposits, as well as interest checking, savings, and money market accounts. The company’s loan products comprise 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. It operates a network of 44 banking offices and ATMs in Maine. In addition, the company, through its subsidiary, Camden Financial Consultants, provides full-service brokerage and insurance services consisting of college, retirement, estate planning, mutual funds, strategic asset management accounts, and variable and fixed annuities. Further, Camden National Corporation, through its subsidiary, Acadia Trust, N.A., offers a range of trust, trust-related, investment, and wealth management services, as well as retirement and pension plan management services to individual and institutional clients. The company was founded in 1875 and is headquartered in Camden, Maine.

481 Employees
Last Reported Date: 03/12/14
Founded in 1875

camden national corp (CAC) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $398.1K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $223.3K
Executive Vice President of Operations and Te...
Total Annual Compensation: $183.2K
Executive Vice President and Senior Loan Offi...
Total Annual Compensation: $213.8K
Executive Vice President of Retail Banking
Total Annual Compensation: $189.2K
Compensation as of Fiscal Year 2013.

camden national corp (CAC) Key Developments

Camden National Corp. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Camden National Corp. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total interest income was $22.28 million against $22.48 million a year ago. Net interest income was $19.24 million against $19.25 million a year ago. Income before income taxes was $9.31 million against $9.28 million a year ago. Net income was $6.31 million against $6.33 million a year ago. Diluted earnings per share were $0.85 against $0.82 a year ago. Return on average assets was 0.95% against 0.98% a year ago. Return on average equity was 10.92% against 10.71% a year ago. Return on average tangible equity was 14.25% against 14.18% a year ago. Strong earnings and EPS growth compared to prior quarter is primarily reflective of an increase in average loan balances of $84.1 million, or 5%, accompanied by an increase in net interest margin on a fully-taxable basis of 3 basis points to 3.11%. For the six months, the company reported total interest income was $43.68 million against $44.9 million a year ago. Net interest income was $37.65 million against $38.41 million a year ago. Income before income taxes was $17.79 million against $17.61 million a year ago. Net income was $12.03 million against $11.99 million a year ago. Diluted earnings per share were $1.60 against $1.56 a year ago. As on date, book value per share was $32.03 against $30.05 per share a year ago. Return on average assets was 0.92% against 0.94% a year ago. Return on average equity was 10.45% against 10.26% a year ago. Return on average tangible equity was 13.65% against 13.65% a year ago. The decrease in net interest income is attributable to two factors: (i) the divestiture of five Franklin County branches, which contributed $813,000 to net interest income in the first half of 2013; and (ii) net interest margin compression of 16 basis points.

Camden National Corp. Declares Quarterly Dividend, Payable on July 31, 2014

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

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.

 

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Industry Average

Valuation CAC Industry Range
Price/Earnings 11.8x
Price/Sales 2.7x
Price/Book 1.1x
Price/Cash Flow 11.6x
TEV/Sales NM Not Meaningful
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