NASDAQ$CAC
Camden National Corporation · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Camden National reported a decrease in net income due to higher provision for credit losses, but saw loan growth and an increase in pre-tax, pre-provision earnings.
Camden National Corporation reported a net income of $15.0 million for the second quarter of 2022, with diluted earnings per share of $1.02. Loan growth was strong at 5% for the quarter and 9% for the first half of the year. The company increased its allowance for credit losses due to loan growth and economic outlook.
- Net income decreased by 11% compared to the first quarter of 2022, primarily due to an increase in provision for credit loss expense.
- Loans grew by 5% during the second quarter of 2022.
- Net interest margin decreased 3 basis points to 2.84%, compared to the first quarter of 2022.
- The company transferred securities originally designated as available-for-sale to held-to-maturity to help preserve capital.
Headline financials
Revenue & EPS history
Camden National · Revenue · Quarterly
$47.7M
Revenue by segment
Camden National · $5.71M total across 5 segments · Q2 2020
- Debit card income$2.39M—41.9%
- Service charges on deposit accounts$1.34M-39.5%23.4%
- Other income$745K—13.0%
- Brokerage and insurance commissions$622K—10.9%
- Bank-owned life insurance$614K—10.8%
Forward guidance
The company did not provide specific forward guidance in the press release.
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 Q2 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
| Quarter | Report date | Reaction (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% | — | — |
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