CAC

Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE. Camden National (CAC) has just reported its second quarter 2026 results, giving investors fresh detail on profitability, earnings per share and recent share repurchases. This new information comes alongside an update on the bank’s ongoing buyback program. See our latest analysis for Camden National. Camden National’s recent earnings and buyback update sit against a strong run in the stock, with a 30 day share price return of 9.51% and a 1 year total shareholder return of 68.18%. This suggests momentum has been building over both shorter and longer periods. If this kind of steady progress has your attention, it can be useful to compare Camden National with other quality businesses that investors are watching right now, including a curated group of 19 top founder-led companies Camden National’s profits, buybacks and share price strength paint the picture of a solid regional bank. The real test now is whether that quality is already fully reflected in today’s valuation or still leaves some room for upside. Camden National closed at $59.77 compared with a narrative fair value of $56.00, so the widely followed view sees the stock trading ahead of that estimate. Read the complete narrative. Curious how this acquisition story feeds into the numbers. Revenue expansion, margin assumptions and a future earnings multiple all sit at the core of this fair value. The specific mix may surprise you. Result: Fair Value of $56.00 (OVERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, Camden National’s reliance on commercial lending and its geographic concentration in Maine and New Hampshire could pressure earnings if local conditions or credit quality weaken. Find out about the key risks to this Camden National narrative. The analyst narrative tags Camden National as 6.7% overvalued at $59.77 versus a fair value of $56.00. Yet on simple P/E, the picture looks different. The stock trades at 11.4x earnings, below peers at 12.7x and the industry at 12x, and slightly under a fair ratio of 11.8x. That gap could either close through price moves or through changes in earnings power. Which side of that trade do you think the market will focus on first? See what the numbers say about this price — find out in our valuation breakdown. Sentiment around Camden National is mixed, so it makes sense to review the numbers yourself and move quickly if you see a clear edge. To see which potential upsides our data highlights, take a closer look at the 5 key rewards If Camden National has sharpened your interest, do not stop here. Broaden your watchlist with other focused ideas that could complement or contrast your view. Explore potential upside in quality companies trading below estimated value by reviewing the 52 high quality undervalued stocks that meet strict fundamental filters. Strengthen your income stream by checking out the 7 dividend fortresses that combine higher yields with resilient payout histories. Prioritize capital protection by scanning the 82 resilient stocks with low risk scores that screen well on balance sheet strength and consistency. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include CAC. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

In late July 2026, Camden National Corporation reported second-quarter results showing net interest income of US$52.94 million and net income of US$23.02 million, alongside continued execution of its early-2026 share repurchase program and a leadership transition with Josh Nash promoted to Executive Vice President, Chief Technology Officer. The combination of sharply higher earnings per share from continuing operations and ongoing buybacks underscores a focus on profitability, capital return, and technology modernization. With these stronger earnings and capital allocation moves now public, we’ll assess how the improved profitability profile reshapes Camden National’s investment narrative. We've uncovered the 7 dividend fortresses yielding 5%+ that don't just survive market storms, but thrive in them. To own Camden National, you need to believe in a steady, regionally focused bank that can turn disciplined lending, solid margins, and shareholder returns into durable earnings, despite its concentrated New England footprint. The latest results, showing higher net interest income and earnings per share, support the near term earnings catalyst, while the biggest current risk remains the bank’s exposure to local economic conditions and commercial credit quality, which this quarter’s figures do not fully resolve. The most relevant recent development is the early 2026 share repurchase program, with 85,131 shares bought back for US$3.96 million, alongside quarterly earnings growth. This combination of rising earnings per share from continuing operations and ongoing buybacks directly reinforces the earnings and capital return story that many investors are watching, even as longer term questions about regional dependence and competition from larger, more digitally advanced banks remain in focus. Yet behind the stronger earnings and buybacks, investors should be aware of how concentrated exposure to Maine and New Hampshire could... Read the full narrative on Camden National (it's free!) Camden National's narrative projects $320.6 million revenue and $109.1 million earnings by 2029. This requires 7.5% yearly revenue growth and about a $20.4 million earnings increase from $88.7 million today. Uncover how Camden National's forecasts yield a $56.00 fair value, a 6% downside to its current price. Two Simply Wall St Community valuations cluster in a tight US$56 to US$58.25 range, showing how even a small sample can reflect different convictions. Against that backdrop, the recent earnings strength and buybacks sit alongside the unresolved risk of regional concentration, inviting you to weigh several alternative views on Camden National’s longer term resilience. Explore 2 other fair value estimates on Camden National - why the stock might be worth as much as $58.25! Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts. A great starting point for your Camden National research is our analysis highlighting 5 key rewards that could impact your investment decision. Our free Camden National research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Camden National's overall financial health at a glance. These stocks are moving-our analysis flagged them today. Act fast before the price catches up: AI is about to change healthcare. These 41 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early. This technology could replace computers: discover 25 stocks that are working to make quantum computing a reality. Invest in the nuclear renaissance through our list of 88 elite nuclear energy infrastructure plays powering the global AI revolution. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include CAC. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

This article first appeared on GuruFocus. Net Income: $23 million for the second quarter, a 5% increase from the first quarter. Diluted Earnings Per Share (EPS): $1.35 for the second quarter, up 5% from the first quarter. Total Assets: $7 billion at quarter end. Loan Growth: Loans increased 1% during the quarter, or 3% on an annualized basis. HELOC Balances: Increased 23% year-over-year. Committed Loan Pipeline: Increased 45% from the prior quarter to $185.7 million. Total Deposits: $5.6 billion at quarter end. Loan-to-Deposit Ratio: 90%. Assets Under Administration: $2.6 billion at quarter end, up 13% from the prior year. Net Interest Income: $52.9 million, up 1% on a linked-quarter basis. Core Net Interest Margin: Increased by 2 basis points quarter-over-quarter to 3.26%. Non-Interest Income: $14.5 million, an increase of 21% from the first quarter. Non-Interest Expense: $37.4 million, up 5% from the first quarter. Return on Average Assets: 1.33%. Return on Average Tangible Equity: 18.47%. Non-GAAP Efficiency Ratio: 53.2%. Tangible Book Value Per Share: Increased 3% during the second quarter to $31.60. Share Repurchases: 85,131 shares repurchased at a weighted average price of $46.55 per share. Warning! GuruFocus has detected 5 Warning Sign with CAC. Is CAC fairly valued? Test your thesis with our free DCF calculator. Release Date: July 28, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Camden National Corp (NASDAQ:CAC) reported record quarterly net income of $23 million and record diluted earnings per share of $1.35 for the second quarter, marking a 5% increase from the first quarter. The company achieved loan growth, expanded its committed loan pipeline by 45% from the prior quarter, and improved its net interest margin. Camden National Bank was recognized by Time Magazine and Forbes for its performance, reflecting strong customer trust and financial discipline. The company maintained strong credit quality metrics and capital levels well above regulatory requirements, with a tangible book value per share growth of 7% since year-end. Camden National Corp (NASDAQ:CAC) is expanding its financial advisory services, with assets under administration up 13% from the prior year, indicating a successful diversification of revenue streams. Non-interest expense increased by 5% from the first quarter, primarily due to annual salary increases and other compensation-related expenses. The net fair value mark accretion income decreased by $335,000 from the first quarter, impacting overall income. Provision expense increased to $710,000 from $553,000 in the first quarter, reflecting loan growth and potential credit risks. The company faces challenges in maintaining fee income growth, with some volatility due to market-driven factors such as BOLI income. Camden National Corp (NASDAQ:CAC) is cautious about non-bank acquisitions due to high pricing, which may limit opportunities for expanding fee income through acquisitions. Q: What are the expected cash flows from the loan and security portfolios over the next six months, and how does this affect repricing dynamics? A: Michael Archer, CFO, stated that they internally model around $35 million per quarter from the investment side and $170 million to $180 million from the loan side, totaling approximately $200 million. Loan pricing is expected to be in the low to mid 6% range, picking up 100 to 200 basis points. Q: What factors are driving the measured loan growth in Q3 despite a strong pipeline? A: Simon Griffiths, CEO, highlighted strong commercial activity and significant growth in home equity as key drivers. The expansion of the sales team and improvements in customer experience, such as reducing funding time to 14 days, have contributed to this momentum. Q: How sustainable are the current trends in fee income, and what factors contribute to this growth? A: Simon Griffiths explained that fee income growth is balanced across wealth management, brokerage, debit card, and deposit-related fees. Investments in digital convenience and customer experience, such as a new online portal, are attracting new customers and driving debit income. Q: When is the pronounced benefit to the net interest margin (NIM) expected to taper off? A: Michael Archer noted that while it's difficult to predict precisely, they expect benefits to continue through 2026. The focus is on reducing the investment book to fund loan growth, with consistent core loan yield increases of 2 to 3 basis points. Q: What is Camden National's stance on M&A, particularly in the Northeast Mid-Atlantic region? A: Simon Griffiths expressed openness to opportunities, emphasizing the importance of the right fit and contiguous markets. While M&A activity has been slow, Camden National is well-positioned for potential deals, focusing on organic growth and strategic partnerships. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Achieved record quarterly net income of $23 million, attributed to broad-based performance across loan growth, net interest margin expansion, and strong fee income. HELOC balances grew 23% year-over-year, driven by technology investments that reduced average funding time to 14 days and increased lender depth. Commercial banking momentum was bolstered by the addition of four experienced commercial bankers since year-end, contributing to a 45% sequential increase in the committed loan pipeline. Net interest margin expansion of 2 basis points was primarily driven by lower funding costs and the optimization of the deposit mix away from broker and certificate deposits. Fee income growth of 21% linked-quarter was supported by a balanced contribution from wealth management, brokerage, debit card activity, and mortgage banking. Management highlighted the successful integration of the Northway acquisition as a key driver of franchise value and engagement in the New Hampshire market. AI-enabled transformation initiatives are now in production, focusing on digital enhancements to improve customer experience and create capacity for high-value interactions. Core net interest margin is projected to expand by an additional 5 to 10 basis points in the third quarter, supported by seasonal deposit inflows and reinvestment of lower-yielding assets. Loan growth for the third quarter is expected to remain measured despite a robust committed pipeline of $185.7 million. Noninterest income for the third quarter is estimated between $13.5 million and $14 million, reflecting a slight normalization from Q2's market-driven BOLI gains. Noninterest expense is projected to range between $37 million and $38 million for the third quarter following seasonal compensation and recognition events in Q2. Management remains open to contiguous market M&A opportunities but emphasizes that organic growth remains the primary focus with no immediate pressure to transact. Noninterest expense in Q2 included one-time seasonal impacts from annual salary increases, director equity grants, and sales team recognition events. BOLI income included approximately $500,000 in incremental revenue, largely driven by equity market performance rather than core operations. Credit quality remains a strength with nonperforming loans at 24 basis points and net charge-offs at a low 4 basis points of average loans. The bank appointed a new Chief Credit Officer, Kate Brunell, allowing for a strategic realignment of leadership in commercial banking and treasury management. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management expects approximately $35 million in investment portfolio cash flows and $170 million to $180 million in loan portfolio cash flows per quarter. New loan originations are currently yielding in the low 6% to 6.5% range, representing a pickup of 150 to 200 basis points over rolling-off assets. Growth is attributed to a combination of new customer acquisition through digital portal enhancements and increased activity in wealth and brokerage services. Management noted that while some BOLI gains were market-dependent, the underlying growth in debit and service charges reflects improved customer primacy. Management expressed openness to non-bank acquisitions to build fee income but noted that high market pricing currently makes these less attractive than organic efforts. Regarding the $10 billion asset threshold, management stated they would cross it for the right strategic fit that offers sufficient scale and synergy to offset regulatory costs.

Interested in Camden National Corporation? Here are five stocks we like better. Record quarterly performance: Camden National reported second-quarter net income of $23 million, or $1.35 per diluted share, up 5% sequentially. Results were supported by loan growth, improved margins and a 21% increase in noninterest income. Growth and margin outlook remains positive: The committed loan pipeline rose 45% to $185.7 million, while core net interest margin increased 5 basis points to 2.97%. Management expects another 5–10 basis points of core margin expansion in the third quarter. Credit quality and shareholder returns stayed strong: Nonperforming loans were 24 basis points of total loans and annualized net charge-offs were 4 basis points. The company returned 41% of first-half net income to shareholders through dividends and share repurchases. Camden National (NASDAQ:CAC) reported record second-quarter net income of $23 million, or $1.35 per diluted share, as loan growth, margin expansion and higher fee income supported results. Net income and diluted earnings per share each increased 5% from the first quarter, according to President and Chief Executive Officer Simon Griffiths. For the first six months of 2026, the company recorded net income of $44.9 million and diluted earnings per share of $2.64. Griffiths said the results reflected execution across its core businesses, including lending, deposits, wealth management and digital initiatives. → Volatility Is Back and These 3 Market Tollbooths Are Best Positioned to Profit “Our performance was broad-based,” Griffiths said, citing loan growth, an expanded committed loan pipeline, improved net interest margin and strong fee-income growth. Chief Financial Officer Michael Archer said net interest income totaled $52.9 million in the second quarter, up 1% from the prior quarter. Net interest margin increased 2 basis points sequentially to 3.26%, primarily because of lower funding costs. → This Tiny AI Supplier Could Be More Important Than the Chipmakers Core net interest margin, which excludes net fair-value mark accretion income, rose 5 basis points to 2.97%, reaching the high end of the company’s prior guidance range. Net fair-value mark accretion income was $4 million, down $335,000 from the first quarter. Archer said Camden National expects core margin expansion of roughly 5 to 10 basis points in the third quarter, supported by seasonal deposit inflows, a more favorable funding mix and the reinvestment of lower-yielding assets at current market rates. → 2 Stocks Built to Thrive If Inflation Refuses to Fade During the question-and-answer session, Archer said the company internally models approximately $35 million of quarterly cash flows from investments and about $170 million to $180 million from loans. New loan originations are currently being priced in the low-6% to 6.5% range, he said. Noninterest income rose 21% from the first quarter to $14.5 million. Archer said the increase was broad-based across fee categories, while investment appreciation and death benefits in bank-owned life insurance income contributed $491,000. The company expects third-quarter noninterest income of $13.5 million to $14 million. Noninterest expense increased 5% sequentially to $37.4 million, primarily due to annual salary increases, the timing of director equity awards and an annual recognition event for top sales performers. Camden National projected third-quarter expenses of $37 million to $38 million. Total assets stood at $7 billion at June 30. Loans increased 1% during the quarter, or 3% on an annualized basis, led by home equity and commercial lending. Home equity line of credit balances were up 23% from a year earlier. Griffiths said the company has added depth to its HELOC lending team and implemented technology and process changes that reduced average funding times to 14 days. Camden National also added four experienced commercial bankers since year-end. The committed loan pipeline increased 45% from the first quarter to $185.7 million. Despite the larger pipeline, Griffiths said the company expects third-quarter loan growth to remain measured. “We’re seeing a nice balanced story on the loan growth side,” Griffiths said, pointing to commercial activity, home equity lending and residential mortgage production. Total deposits were $5.6 billion at quarter-end, and the loan-to-deposit ratio was 90%. The company has been reducing brokered deposits and certificates of deposit while keeping core customer deposits stable, Griffiths said. Its focus remains on relationship-based deposits supported by service, convenience and pricing rather than rate-driven volume. Camden National reported continued sound credit metrics. Nonperforming loans represented 24 basis points of total loans, past-due loans were 15 basis points, and annualized net charge-offs were 4 basis points of average loans. Provision expense was $710,000, compared with $553,000 in the first quarter, reflecting loan growth. The allowance for credit losses on loans was 0.91% of total loans, while the allowance coverage ratio was 3.8 times nonperforming loans. Return on average assets was 1.33%, return on average tangible equity was 18.47%, and the non-GAAP efficiency ratio was 53.2%, Archer said. Tangible book value per share increased 3% in the second quarter to $31.64, and was up 7% from year-end. During the first half, Camden National returned 41% of net income to shareholders through dividends and repurchases. The company repurchased 85,131 shares year to date at a weighted average price of $46.55 per share. Assets under administration in Camden National’s wealth and brokerage businesses totaled $2.6 billion at quarter-end, up 13% from the prior year. Griffiths said the company is expanding advisory services to deepen customer relationships and diversify revenue. The company also has multiple artificial intelligence-enabled use cases in production, Griffiths said, along with digital product enhancements and a refreshed website intended to improve customer experience and operating efficiency. On acquisitions, Griffiths said Camden National remains open to opportunities that offer the right cultural, market and financial fit, though it faces no timing pressure because of its organic-growth opportunities. He said the company continues to see benefits from its 2025 Northway acquisition. Camden National is also open to considering nonbank acquisitions that could expand fee income, though Griffiths said such deals are not a primary focus and can carry high valuations. He added that management is mindful of the implications of eventually surpassing $10 billion in assets, while emphasizing that strategic fit and transaction economics would guide any acquisition decision. Camden National Corporation is a bank holding company headquartered in Camden, Maine. Through its primary subsidiary, Camden National Bank, the company provides a full range of community banking services to individuals and businesses. Its branch network spans much of the State of Maine, with a concentration in the midcoast, central and southern regions. The company's offerings include deposit products such as checking, savings and money market accounts, along with consumer and commercial lending 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]. The article "Camden National Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

Camden National (CAC) came out with quarterly earnings of $1.35 per share, beating the Zacks Consensus Estimate of $1.3 per share. This compares to earnings of $0.89 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +3.85%. A quarter ago, it was expected that this bank would post earnings of $1.26 per share when it actually produced earnings of $1.29, delivering a surprise of +2.38%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Camden National, which belongs to the Zacks Banks - Northeast industry, posted revenues of $67.41 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.52%. This compares to year-ago revenues of $62.28 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Camden National shares have added about 26.4% since the beginning of the year versus the S&P 500's gain of 8.3%. While Camden National has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Camden National was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.36 on $68.85 million in revenues for the coming quarter and $5.37 on $270.9 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 29% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Citizens & Northern (CZNC), another stock in the same industry, has yet to report results for the quarter ended June 2026. This bank is expected to post quarterly earnings of $0.63 per share in its upcoming report, which represents a year-over-year change of +57.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Citizens & Northern's revenues are expected to be $38.6 million, up 30.9% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Camden National Corporation (CAC) : Free Stock Analysis Report Citizens & Northern Corp (CZNC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Record earnings reflect continued momentum and improved profitability CAMDEN, Maine, July 28, 2026 /PRNewswire/ -- Camden National Corporation (NASDAQ: CAC; "Camden National" or the "Company") reported net income of $23.0 million and diluted earnings per share ("EPS") of $1.35 for the quarter ended June 30, 2026, resulting in a return on average assets of 1.33%, a return on average equity of 12.92%, and a return on average tangible equity (non‑GAAP) of 18.47%. "Our record quarterly earnings reflect the momentum we are building across the franchise as we execute on our long-term strategy," said Simon Griffiths, President and Chief Executive Officer of Camden National Corporation. "Through continued investment in talent and focused efforts to deepen customer relationships, we delivered 3% annualized loan growth during the quarter and strong revenue performance across our complementary business lines. We enter the second half of the year with confidence in our strategy, disciplined execution, and a continued commitment to creating long-term value for our shareholders." For the first six months of 2026, the Company reported record net income of $44.9 million and diluted EPS of $2.64, compared to $21.4 million and $1.26, respectively, for the six months ended June 30, 2025. Results benefited from the successful integration and earnings contribution of Northway Financial, Inc., acquired on January 1, 2025, as well as continued growth in core business activities. On a non-GAAP basis, adjusted pre-tax, pre-provision income increased 19% to $58.7 million for the six months ended June 30, 2026. SECOND QUARTER 2026 HIGHLIGHTS Net income and diluted EPS for the second quarter of 2026 each increased 5% over the first quarter of 2026. Total revenue for the second quarter of 2026 increased 5% over the first quarter of 2026, driven by net interest margin expansion of 2 basis points to 3.26% and strong non-interest income growth of 21%. The GAAP efficiency ratio for the second quarter was 55.42%, and the non-GAAP efficiency ratio was 53.23%, compared to 55.50% and 53.21%, respectively, for the first quarter of 2026. Loans grew 1% during the second quarter of 2026, and the committed loan pipeline increased 45% from the first quarter of 2026. Book value per share increased to $42.96 and tangible book value per share (non-GAAP) increased to $31.64 at June 30, 2026, from $41.98 and $30.58, respectively, at March 31, 2026. The Company repurchased 52,000 shares of its common stock at a weighted-average price of $47.64 per share during the second quarter of 2026. FINANCIAL OPERATING RESULTS (Q2 2026 vs. Q1 2026) Net interest income for the second quarter of 2026 totaled $52.9 million, an increase of 1% from the first quarter of 2026. Net interest margin expanded 2 basis points on a linked-quarter basis to 3.26% for the second quarter of 2026, driven by lower funding costs. On a non-GAAP basis, core net interest margin increased 5 basis points over the same period to 2.97% for the second quarter of 2026. For the second quarter of 2026, net fair value mark accretion income of $4.0 million was recognized, a decrease of $335,000 from the first quarter of 2026. Provision expense was $710,000 for the second quarter of 2026, compared to $553,000 for the first quarter of 2026. During the second quarter of 2026, loans grew 1% while asset quality remained strong, as evidenced by an annualized net charge-offs-to-average-loans ratio of 0.04% for the quarter. Non-interest income for the second quarter of 2026 totaled $14.5 million, an increase of $2.5 million, or 21% compared to the first quarter of 2026. Quarter-over-quarter, revenue across all non-interest income categories increased, including deposit customer-related revenue, debit card income, and our wealth and brokerage businesses. As of June 30, 2026, assets under administration across our wealth and brokerage businesses totaled $2.6 billion, an increase of 13% over the same period a year ago. Non-interest expense for the second quarter of 2026 totaled $37.4 million, a 5% increase compared to the first quarter of 2026. The increase was primarily driven by annual salary increases and the timing of our annual director equity award grant and recognition event for our top-performing sales team members, both of which occur in the second quarter each year. The Company's GAAP and non‑GAAP efficiency ratios for the second quarter of 2026 were 55.42% and 53.23% compared to 55.50% and 53.21%, respectively, for the first quarter of 2026. FINANCIAL CONDITION Total assets were $7.0 billion at both June 30, 2026 and March 31, 2026. Investments totaled $1.4 billion at June 30, 2026, representing a 1% decrease from March 31, 2026. Total loans were $5.0 billion as of June 30, 2026, an increase of 1% from March 31, 2026, driven by increases in our home equity and commercial loan portfolios of 7% and 4%, respectively, during the quarter. The Company ended the second quarter with a committed loan pipeline of $185.7 million, up 45% from the prior quarter. The Company's asset quality remained strong during the quarter, with past-due loans representing 0.15% and non-performing loans 0.24% of total loans at June 30, 2026. The allowance for credit losses ("ACL") on loans was 0.91% of total loans, compared with 0.92% at March 31, 2026. The ACL coverage ratio was 3.8 times non-performing loans as of June 30, 2026, compared to 4.2 times as of March 31, 2026. Deposits totaled $5.6 billion at June 30, 2026, representing a 1% decrease from March 31, 2026, driven by lower brokered deposits and certificates of deposit as the Company continued to optimize its funding mix. Core deposits remained stable during the quarter, supported by continued growth in the Company's high-yield savings product and the durability of its customer deposit base. As of June 30, 2026, the Company's loan-to-deposit ratio was 90%, compared with 89% at March 31, 2026. As of June 30, 2026, the Company maintained capital ratios well in excess of all regulatory requirements, including a Common Equity Tier 1 ratio of 12.19%, a Tier 1 risk-based ratio of 13.48%, a total risk-based ratio of 14.43%, and a Tier 1 leverage ratio of 9.66%. For the first six months of 2026, the Company repurchased 85,131 shares at a weighted average price of $46.55 per share under its share repurchase program. The Company announced a cash dividend of $0.42 per share, representing an annualized dividend yield of 3.10%, based on the Company's closing share price of $54.22 as reported by NASDAQ on June 30, 2026. The dividend will be payable on July 31, 2026, to shareholders of record on July 15, 2026. Q2 2026 CONFERENCE CALL Camden National Corporation will host a conference call and webcast at 3:00 p.m. Eastern Time on Tuesday, July 28, 2026, to discuss its second quarter of 2026 financial results and outlook. Participants should dial into the call 10 - 15 minutes before it begins. Information about the conference call is as follows: Live dial-in (Domestic): (833) 461-5787Link to obtain live dial-in(All other locations): https://help.events.q4inc.com/eahc/international-dial-in-numbersMeeting ID: 727 027 679Live webcast URL: https://events.q4inc.com/attendee/727027679 A link to the live webcast will be available on Camden National's website under "Resources — Investor Relations" at CamdenNational.bank before the meeting, and a replay of the webcast will be available on Camden National's website following the conference call. The conference call transcript will also be available on Camden National's website approximately two days after the conference call. ABOUT CAMDEN NATIONAL CORPORATION Camden National Corporation (NASDAQ: CAC) is Northern New England's largest publicly traded bank holding company, with $7.0 billion in assets. Founded in 1875, Camden National Bank has 72 banking centers in Maine and New Hampshire and is a full-service community bank offering the latest digital banking, complemented by award-winning, personalized service. Additional information is available at CamdenNational.bank. Member FDIC. Equal Housing Lender. Comprehensive wealth management, investment, and financial planning services are delivered by Camden National Wealth Management. FORWARD-LOOKING STATEMENTS Certain statements contained in this press release that are not statements of historical fact constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including certain plans, expectations, goals, projections, and other statements, which are subject to numerous risks, assumptions, and uncertainties. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words like "believe," "expect," "anticipate," "estimate," and "intend" or future or conditional verbs such as "will," "would," "should," "could," or "may." Certain factors that could cause actual results to differ materially from expected results include weakness in the United States economy in general and the regional and local economies within the Northern New England regions, which could result in a deterioration of credit quality, an increase in the allowance for credit losses or a reduced demand for the Company's credit or fee-based products and services; changes in trade, monetary and fiscal policies and laws, including Federal Reserve interest rate policies or the imposition of tariffs or retaliatory tariffs and related litigation; increased competitive pressures, including continued industry consolidation and the increased financial services provided by non-banks; inflation; deterioration in the value of Camden National's investment securities; commercial real estate vacancies and their impact on the ability of borrowers to repay loans; changes in consumer spending and savings habits; volatility in the securities markets that could adversely affect the value or credit quality of the Company's assets, impairment of goodwill, or the availability and terms of funding necessary to meet the Company's liquidity needs; changes in information technology and other operational risks, including cybersecurity and artificial intelligence, that require increased capital spending and introduce additional risk; changes in tax, banking, securities and insurance laws and regulations; the outcome of pending and future litigation and governmental proceedings, including tax-related examinations and other matters; changes in accounting policies, practices and standards; the effects of climate change on the Company and its customers, borrowers or service providers; the effects of civil unrest, international hostilities, including the continuation of conflict in the Middle East, or other geopolitical events; the effects of epidemics and pandemics; turmoil and volatility in the financial services industry; actions taken by governmental agencies to stabilize the financial system and the effectiveness of such actions; increases in deposit insurance assessments due to bank failures; changes to regulatory capital requirements; questions about the soundness of one or more financial institutions with which the Company does business; changes in the securities markets and other risks and uncertainties disclosed in Camden National's Annual Report on Form 10-K for the year ended December 31, 2025, as updated by other filings with the Securities and Exchange Commission ("SEC"). Factors other than these risks could also materially affect the Company's financial results and performance, and readers should not consider the risks described above to be a comprehensive description of all potential risks and uncertainties that affect the Company. Readers should not place undue reliance on the Company's forward-looking statements. Camden National does not have any obligation to update forward-looking statements. USE OF NON-GAAP MEASURES In addition to evaluating the Company's results of operations in accordance with generally accepted accounting principles in the United States ("GAAP"), management supplements this evaluation with certain non-GAAP financial measures such as: adjusted net income; adjusted diluted earnings per share; adjusted return on average assets; adjusted return on average equity; pre-tax, pre-provision income; adjusted pre-tax, pre-provision income; return on average tangible equity and adjusted return on average tangible equity; the efficiency and tangible common equity ratios; core net interest margin; and tangible book value per share. Management utilizes these non-GAAP financial measures to measure our performance against our peer group and other financial institutions, and to analyze our internal performance. We also believe these non-GAAP financial measures help investors better understand the Company's operating performance and trends and allow for better performance comparisons with other financial institutions. In addition, these non-GAAP financial measures remove the impact of unusual items that may obscure trends in the Company's underlying performance. These disclosures should not be viewed as a substitute for GAAP operating results, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other financial institutions. Reconciliations to the comparable GAAP financial measures are included in this document. ANNUALIZED DATA Certain returns, yields and performance ratios are presented on an "annualized" basis. This is done for analytical and decision-making purposes to better discern underlying performance trends when compared to full-year or year-over-year amounts. Annualized data may not be indicative of any four-quarter period and is presented for illustrative purposes only. 900 2 %— %Total interest expense26,05226,01330,114— %(13) %Net interest income52,93952,35849,2091 %8 %Provision for credit losses7105536,92028 %N.M.Net interest income after provision for credit losses52,22951,80542,2891 %24 %Non-Interest IncomeDebit card income3,7863,4223,64611 %4 %Service charges on deposit accounts2,7012,1582,40525 %12 %Income from fiduciary services2,2202,0141,98110 %12 %Brokerage and insurance commissions2,0291,7351,79417 %13 %Bank-owned life insurance1,2447911,00357 %24 %Mortgage banking income, net1,1618281,06040 %10 %Other income1,3291,0321,17829 %13 %Total non-interest income14,47011,98013,06721 %11 %Non-Interest ExpenseSalaries and employee benefits20,03019,61519,3922 %3 %Furniture, equipment and data processing4,7914,6444,2943 %12 %Net occupancy costs2,7893,0592,693(9) %4 %Debit card expense1,6901,6161,7255 %(2) %Consulting and professional fees1,4059211,31053 %7 %Amortization of core deposit intangible assets1,3541,3541,473— %(8) %Regulatory assessments8629071,127(5) %(24) %Other real estate owned and collection costs, net3691(50) %(97) %Merger and acquisition costs——1,405N.M.N.M.Other expenses4,4343,5864,08624 %9 %Total non-interest expense37,35835,70837,5965 %(1) %Income before income tax expense29,34128,07717,7605 %65 %Income Tax Expense6,3206,1943,6792 %72 %Net Income$ 23,021$ 21,883$ 14,0815 %63 %Per Share DataBasic earnings per share$ 1.36$ 1.29$ 0.845 %62 %Diluted earnings per share$ 1.35$ 1.29$ 0.835 %63 % View original content to download multimedia:https://www.prnewswire.com/news-releases/camden-national-corporation-reports-record-quarterly-net-income-of-23-0-million-and-diluted-eps-of-1-35-for-the-second-quarter-of-2026--302835698.html