NASDAQ$CAC
Camden National Corporation · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Camden National's Q3 2023 financial results were reported, with net income of $9.8 million and diluted EPS of $0.67.
Camden National Corporation reported a net income of $9.8 million and diluted earnings per share of $0.67 for Q3 2023. These results reflect a 21% decrease compared to the previous quarter, influenced by a $5.3 million pre-tax loss from the sale of investment securities. Excluding this loss, adjusted net income increased by 13% over Q2 2023.
- Net income decreased by 21% compared to Q2 2023, primarily due to a strategic balance sheet repositioning.
- Excluding the investment loss, adjusted net income increased by 13% compared to the second quarter.
- Asset quality remained strong, with non-performing assets totaling 0.11% of total assets.
- The company executed an investment restructure strategy that repositions it for the future.
Headline financials
Revenue & EPS history
Camden National · Revenue · Quarterly
$37.7M
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
Camden National will host a conference call and webcast at 3:00 p.m., Eastern Time, on Tuesday, October 31, 2023 to discuss its third quarter 2023 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 2023
-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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