NASDAQ$CAC

Camden National Corporation · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Camden National's financial performance for Q3 2020 was reported, showcasing an increase in net income compared to the same quarter last year.

Camden National Corporation reported a strong third quarter with a 16% increase in net income compared to Q3 2019. The company's EPS also saw an 18% increase. The results reflect the company's focus on customer needs and strategic balance sheet management during unprecedented economic conditions.

  • Net income increased by 16% over the third quarter of 2019.
  • Diluted earnings per share increased by 18% over the third quarter of 2019.
  • Net interest margin for the third quarter of 2020 was 3.00%.
  • Total assets increased 16% since December 31, 2019, to $5.2 billion at September 30, 2020.

Headline financials

Total Revenue

$47.2M

Previous: $42.7M+10.6%
EPS (adj)

$1.11

Previous: $0.94+18.1%
Common equity ratio

10.0%

Previous: 10.4%-3.7%
Net interest margin (fully-taxable equivalent)

3.0%

Previous: 3.1%-2.9%
Non-performing assets to total assets

0.2%

Previous: 0.3%-26.7%
Total risk-based capital ratio

15.2%

Previous: 14.0%+8.4%
Capital Expenditures

-$2.59M

Previous: -$2.38M-9.0%
Free Cash Flow

$14.2M

Previous: $12.1M+17.1%
Net Income

$16.8M

Previous: $14.5M+15.8%
Operating Income

$40.4M

Previous: $27.6M+46.6%
Gross Profit

$46.2M

Previous: $41.9M+10.2%
Cash & Equivalents

$346M

Previous: $138M+151.9%
Total Assets

$5.15B

Previous: $4.52B+14.0%
Stock-Based Comp

$422K

Previous: $429K-1.6%

Revenue & EPS history

Camden National · Revenue · Quarterly

$47.2M

Q3 2020+10.6%vs Q3 2019
Beat estimate in 12 of 16 quarters(75%)
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 will host a conference call and webcast at 3:00 p.m., Eastern Time, on Tuesday, October 27, 2020 to discuss its third quarter 2020 financial results and outlook.

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 Q3 2020

Historical avgQ3 2020

-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%

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