NASDAQ$CAC

Camden National Corporation · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Camden National Corporation reported fourth quarter and year end financial results.

Camden National Corporation reported a net income of $16.5 million for the fourth quarter of 2021, an increase of 13% over the third quarter of 2021. The diluted EPS was $1.11, an increase of 14% over the third quarter of 2021.

  • Net income increased by $1.9 million, or 13%, over the third quarter of 2021, and decreased $1.8 million, or 10%, compared to the fourth quarter of 2020.
  • Loans grew $116.2 million, or 4%, during the fourth quarter of 2021, and $162.2 million, or 5%, excluding SBA PPP loans.
  • Residential mortgage loan originations reached a new record in 2021 with $1.1 billion of volume, an increase of 5% over the previous record set just last year.
  • Fourth quarter 2021 dividend payable to shareholders increased $0.04, or 11%, to $0.40 per share, and was the Company's second dividend increase during 2021 for a total of $0.07 per share, or 21%.

Headline financials

Total Revenue

$48.9M

Previous: $49.8M-1.8%
EPS (adj)

$1.11

Previous: $1.22-9.0%
GAAP efficiency ratio

55.1%

No prior period
Common equity ratio

9.8%

Previous: 10.8%-9.0%
Net interest margin (fully-taxable equivalent)

2.8%

Previous: 3.1%-7.8%
Non-performing assets to total assets

0.1%

Previous: 0.2%-40.9%
Total risk-based capital ratio

14.7%

Previous: 15.4%-4.5%
Capital Expenditures

$303K

Previous: $335K-9.6%
Free Cash Flow

$30.8M

Previous: $23.8M+29.1%
Net Income

$16.5M

Previous: $18.3M-9.8%
Operating Income

$20.7M

Previous: $22.8M-9.4%
Gross Profit

$47.8M

Previous: $48.8M-2.2%
Cash & Equivalents

$221M

Previous: $146M+51.3%
Total Assets

$5.5B

Previous: $4.9B+12.3%
Stock-Based Comp

$374K

Previous: $412K-9.2%

Revenue & EPS history

Camden National · Revenue · Quarterly

$48.9M

Q4 2021-1.8%vs Q4 2020
Beat estimate in 11 of 16 quarters(69%)
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, January 25, 2022 to discuss its fourth quarter and year ended 2021 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 Q4 2021

Historical avgQ4 2021

-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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