NASDAQ$CAC
Camden National Corporation · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Reported a decrease in net income and diluted EPS, while maintaining strong capital and asset quality.
Camden National Corporation reported a net income of $8.5 million and diluted EPS of $0.58 for Q4 2023, representing a 13% decrease compared to the previous quarter. The results include pre-tax investment losses of $5.0 million. The company focused on maintaining long-term shareholder value amidst challenges in the interest rate environment.
- Capital position remained strong with increases in common equity ratio to 8.66% and tangible common equity ratio to 7.11%.
- Asset quality continued to be strong, with loans 30-89 days past due at 0.12% of total loans and non-performing assets at 0.13% of total assets.
- Return on average assets was 0.59%, and adjusted return on average assets was 0.87%.
- Uninsured and uncollateralized deposits were 14.6% of total deposits, and available liquidity sources were 2.0 times uninsured and uncollateralized deposits.
Headline financials
Revenue & EPS history
Camden National · Revenue · Quarterly
$38.7M
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, January 30, 2024, to discuss its fourth 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 Q4 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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