CAMDEN NATIONAL CORP CAC
Overview. Camden National Corporation (hereafter referred to as "we," "our," "us," or the "Company") is a publicly-held bank holding company, with $7.0 billion in assets at December 31, 2025, incorporated under the laws of the State of Maine and headquartered in Camden, Maine. Camden National Bank (the "Bank"), a wholly-owned subsidiary of the Company, was founded in 1875. The Company was founded in 1984, went public in 1997, and is registered with NASDAQ Global Market ("NASDAQ") under the ticker symbol "CAC."
Our consolidated financial statements accompanying this Form 10-K include the accounts of the Company, the Bank and the Bank's subsidiaries and divisions. All inter-company accounts and transactions have been eliminated in consolidation.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $41.7M | $35.7M | $33.6M | $33.3M | $32.0M | $27.7M | $28.3M | $26.8M | $136.1M | $129.6M |
| Interest expense | $203.3M | $132.5M | $132.3M | $147.7M | $11.0M | $20.9M | $40.9M | $31.0M | $20.8M | $16.6M |
| Pre-tax income | $78.7M | $65.5M | $53.8M | $77.0M | $86.6M | $74.4M | $71.6M | $65.8M | $62.4M | $57.5M |
| Income tax | $13.5M | $12.5M | $10.5M | $15.6M | $17.6M | $14.9M | $14.4M | $12.7M | $33.9M | $17.5M |
| Net income | $65.2M | $53.0M | $43.4M | $61.4M | $69.0M | $59.5M | $57.2M | $53.1M | $28.5M | $40.1M |
| EPS, basic | 3.86 | 3.63 | 2.98 | 4.18 | 4.62 | 3.96 | 3.70 | 3.40 | 1.83 | 2.59 |
| EPS, diluted | 3.84 | 3.62 | 2.97 | 4.17 | 4.60 | 3.95 | 3.69 | 3.39 | 1.82 | 2.57 |
| Shares, diluted (wtd. avg.) | $17.0M | $14.6M | $14.6M | $14.7M | $15.0M | $15.0M | $15.5M | $15.6M | $15.6M | $15.5M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $97.5M | $215.0M | $99.8M | $75.4M | $220.6M | $145.8M | $75.6M | $67.0M | $103.0M | $87.7M |
| Property, plant and equipment | $51.3M | $37.1M | $35.0M | $36.0M | $37.8M | $39.9M | $41.8M | $42.5M | $41.9M | $42.9M |
| Goodwill | $151.5M | $94.7M | $94.7M | $94.7M | $94.7M | $94.7M | $94.7M | $94.7M | $94.7M | $94.7M |
| Other intangibles | $42.6M | $415.0K | $971.0K | $1.6M | $2.2M | $2.8M | $3.5M | $4.2M | $5.0M | $6.8M |
| Total assets | $6.97B | $5.81B | $5.71B | $5.67B | $5.50B | $4.90B | $4.43B | $4.30B | $4.07B | $3.86B |
| Short-term debt | $581.8M | $500.6M | $485.6M | $265.2M | $211.6M | $162.4M | $268.8M | — | — | $530.1M |
| Long-term debt | — | — | — | — | — | — | — | — | — | $10.8M |
| Total liabilities | $6.28B | $5.27B | $5.22B | $5.22B | $4.96B | $4.37B | $3.96B | $3.86B | $3.66B | $3.47B |
| Retained earnings | $545.1M | $509.5M | $481.0M | $462.2M | $424.4M | $377.5M | $340.6M | $302.0M | $266.7M | $249.4M |
| Total equity | $696.6M | $531.2M | $495.1M | $451.3M | $541.3M | $529.3M | $473.4M | $435.8M | $403.4M | $391.5M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $63.9M | $60.9M | $67.5M | $105.2M | $142.7M | $18.2M | $32.9M | $64.3M | $58.3M | $57.4M |
| Depreciation and amortisation | — | — | — | — | — | — | — | — | -$2.8M | -$5.0M |
| Stock-based compensation | $3.4M | $2.9M | $2.8M | $2.6M | $2.4M | $1.8M | $1.9M | $1.7M | $1.5M | $2.0M |
| Capital expenditure | $5.7M | $5.6M | $2.6M | $2.2M | $1.9M | $2.9M | $4.3M | $5.0M | $2.8M | $1.7M |
| Investing cash flow | -$56.4M | $30.3M | -$7.0M | -$487.7M | -$649.1M | -$294.5M | -$55.8M | -$276.8M | -$212.1M | -$168.0M |
| Financing cash flow | -$125.0M | $23.9M | -$36.1M | $237.3M | $581.2M | $346.4M | $31.6M | $176.5M | $169.1M | $118.8M |
| Dividends paid | $28.5M | $24.6M | $24.5M | $23.5M | $21.1M | $19.8M | $18.6M | $17.2M | $14.3M | $12.4M |
| Buybacks | $0 | $1.6M | $2.0M | $10.2M | $10.1M | $9.7M | $20.8M | $27.0K | $0 | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000750686-26-000010.
Others in SIC 6021
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| JPM | JPMORGAN CHASE & CO | $953.33B | 17.9x | 2.8% |
| BAC | BANK OF AMERICA CORP /DE/ | $438.31B | 16.5x | 6.8% |
| WFC | WELLS FARGO & COMPANY/MN | $272.07B | 14.4x | -3.8% |
| C | CITIGROUP INC | $240.92B | 19.7x | 5.6% |
| COF | CAPITAL ONE FINANCIAL CORP | $136.66B | 54.5x | 36.3% |
| USB | US BANCORP \DE\ | $98.73B | 13.7x | 4.4% |
| PNC | PNC FINANCIAL SERVICES GROUP, INC. | $97.98B | 14.8x | 7.2% |
| TFC | TRUIST FINANCIAL CORP | $63.10B | 13.5x | -2.1% |