NASDAQ$CAC

Camden National Corporation · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Camden National's financial performance for Q1 2022, with a 2% increase in net income and diluted EPS compared to Q4 2021, but a decrease compared to Q1 2021, was reported.

Camden National Corporation reported a net income of $16.8 million and diluted EPS of $1.13 for Q1 2022. These figures represent a 2% increase over the previous quarter but a 15% decrease compared to the same quarter last year. The company's asset quality remained strong, with a non-performing assets to total assets ratio of 0.12%.

  • Net income increased by 2% over the fourth quarter of 2021.
  • Loans grew by $102.7 million, or 3%, during the first quarter of 2022.
  • Asset quality remains strong, with a non-performing assets to total assets ratio of 0.12%.
  • Allowance for credit losses on loans coverage ratio decreased to 0.90% of total loans.

Headline financials

Total Revenue

$46.2M

Previous: $47.6M-2.9%
EPS (adj)

$1.13

Previous: $1.31-13.7%
Return on average equity

13.0%

Previous: 15.0%-13.6%
Common equity ratio

8.9%

Previous: 10.5%-14.9%
Non-performing assets to total assets

0.1%

Previous: 0.2%-40.0%
Tier 1 leverage capital ratio

9.3%

Previous: 9.6%-3.2%
Loans 30-89 days past due to total loans

0.0%

No prior period
Tangible common equity ratio

7.3%

No prior period
Return on average tangible equity

16.0%

No prior period
Capital Expenditures

-$393K

Previous: -$320K-22.8%
Free Cash Flow

$16.4M

Previous: $19.4M-15.5%
Net Income

$16.8M

Previous: $19.7M-14.9%
Operating Income

$40.3M

Previous: $40.5M-0.6%
Gross Profit

$45.1M

Previous: $45.6M-1.1%
Cash & Equivalents

$139M

Previous: $368M-62.1%
Total Assets

$5.42B

Previous: $5.09B+6.5%
Stock-Based Comp

$624K

Previous: $703K-11.2%

Revenue & EPS history

Camden National · Revenue · Quarterly

$46.2M

Q1 2022-2.9%vs Q1 2021
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Camden National · $5.71M total across 5 segments · Q2 2020

  • Debit card income
    $2.39M
  • Service charges on deposit accounts
    $1.34M-39.5%
  • Other income
    $745K
  • Brokerage and insurance commissions
    $622K
  • Bank-owned life insurance
    $614K

Forward guidance

Camden National enters the second quarter with strong asset quality indicators and regulatory capital levels.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-0.2%

Avg return

Earnings day

+0.4%

Avg return

5 days after

+1.7%

Avg return

30 days after

45%

29 / 65 earnings

Positive

+15.5%

Q1 2020

Best reaction

-6.6%

Q4 2009

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.5%-3.1%-1.4%
Q4 2025+0.5%+0.8%+2.2%
Q3 2025+1.6%+2.7%+9.2%
Q1 2025-0.4%+0.8%-2.5%
Q4 2024+2.2%+2.1%-1.9%
Q3 2024+2.3%+1.5%+14.7%
Q2 2024+4.1%-6.1%+0.0%
Q1 2024+5.4%+6.2%+7.4%
Q4 2023-4.2%-8.0%-15.5%
Q3 2023+1.3%+13.3%+18.4%
Q2 2023+2.3%+2.4%-4.0%
Q1 2023-5.6%-4.0%-7.7%
Q4 2022-3.9%+0.6%-0.8%
Q3 2022-4.1%-1.0%-1.6%
Q2 2022-0.2%-0.6%+2.3%
Q1 2022-2.7%-3.9%-6.6%
Q4 2021+0.8%-1.1%-6.8%
Q3 2021-4.0%-2.5%-0.3%
Q2 2021-1.8%-0.5%+2.0%
Q1 2021+0.1%+1.4%+0.6%
Q4 2020-0.5%+0.6%+10.7%
Q3 2020-5.7%-3.0%+11.7%
Q2 2020-1.1%-3.7%+1.3%
Q1 2020+15.5%+6.7%+13.8%
Q4 2019+2.3%+2.6%-6.8%
Q3 2019+2.4%+1.2%-1.6%
Q2 2019+0.1%-3.3%-6.9%
Q1 2019+1.8%+5.7%-3.9%
Q4 2018+2.1%+4.1%+14.4%
Q3 2018-1.1%+0.3%+0.8%
Q2 2018-0.4%-1.2%+2.1%
Q1 2018+0.3%+2.0%+1.5%
Q4 2017+0.4%+1.4%+0.2%
Q3 2017-2.5%+0.2%+6.1%
Q2 2017-0.5%-0.8%-6.1%
Q1 2017-0.1%-3.0%-7.8%
Q4 2016-1.4%-0.5%+1.5%
Q3 2016+7.0%+6.9%+25.8%
Q2 2016-1.9%-2.2%+2.6%
Q1 2016+0.6%
Q4 2015-5.8%
Q3 2015-0.7%
Q2 2015-0.0%
Q1 2015+5.6%
Q4 2014-4.3%
Q3 2014+7.5%
Q2 2014+0.3%
Q1 2014-3.1%
Q4 2011+1.0%
Q4 2013-5.6%
Q3 2013-0.6%
Q2 2013-2.6%
Q1 2013-0.9%
Q4 2012-3.3%
Q3 2012+1.7%
Q2 2012-2.2%
Q1 2011-2.1%
Q1 2012-0.3%
Q4 2009-6.6%
Q3 2010-2.4%
Q3 2011-2.4%
Q2 2011+0.9%
Q4 2010+0.9%
Q2 2010+0.9%
Q1 2010-0.4%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro