Record Q2 Net Income of $23M, EPS $1.35, Driven by Margin Expansion and Fee Income Surge
CAC sits 56% above its 52-week low of $35.
Summary
Camden National posted record quarterly net income of $23.0 million, or $1.35 per share, beating Q1 by 5% on both metrics. Revenue rose 5% sequentially, fueled by a 2-basis-point net interest margin expansion to 3.26% and a 21% jump in non-interest income across all categories. The loan pipeline swelled 45% from Q1, signaling strong future growth, while credit quality held firm with net charge-offs at just 0.04% annualized. The company also repurchased 52,000 shares at $47.64 during the quarter. This follows a strong Q1 and the successful integration of Northway Financial, with the first half of 2026 delivering record net income of $44.9 million. The stock is trading near its 52-week high, and the results reinforce the upward trajectory.
At the time of this announcement, CAC was trading at $54.57 on NASDAQ in the Finance sector, with a market capitalization of approximately $927.1M. The 52-week trading range was $35.00 to $56.23. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: PR Newswire.