Camden National Corp
CAC Nasdaq National Commercial Banks Financials FY2016–FY2025
Last close · Oct 23, 2026
$57.84
0.0%
Revenue
Total sales reported in the income statement.
$41.7M
17.0%
vs prior year
Efficiency ratio
Noninterest expense as a share of revenue. Lower is better for banks.
371.0%
57.3 pts
Net income
Profit after all expenses, interest and tax.
$65.2M
22.9%
Return on equity
Net income as a share of average shareholders' equity.
10.6%
0.3 pts
Market cap
Last close times the latest diluted share count, so it is approximate.
$983M
Oct 23 close
P/E
Last close divided by diluted earnings per share over the last four quarters.
11.1x
On $5.22 EPS (TTM)
What Camden National Corp does
No business description yet.
- Legal name
- CAMDEN NATIONAL CORP
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 6, 2026
- Accession · CIK
- 0000750686-26-000010
0000750686
Revenue and margins
Camden National Corp had $41.7M of revenue in fiscal 2025, up 17.0% on the year before.
FY16
Revenue $153M
FY17
Revenue $154M
FY18
Revenue $26.8M
FY19
Revenue $28.3M
FY20
Revenue $27.7M
FY21
Revenue $32.0M
FY22
Revenue $33.3M
FY23
Revenue $33.6M
FY24
Revenue $35.7M
FY25
Revenue $41.7M
Q3 '23
Revenue $8.5M
Q4 '23
Revenue $8.8M
Q1 '24
Revenue $8.3M
Q2 '24
Revenue $8.9M
Q3 '24
Revenue $9.1M
Q4 '24
Revenue $9.4M
Q1 '25
Revenue $9.5M
Q2 '25
Revenue $10.4M
Q3 '25
Revenue $10.6M
Q4 '25
Revenue $11.3M
Q1 '26
Revenue $9.7M
Q2 '26
Revenue $11.2M
FY16
Net interest share 74.1%
Efficiency ratio 58.9%
FY17
Net interest share 74.9%
Efficiency ratio 57.5%
FY18
Net interest share 448.9%
Efficiency ratio 342.8%
FY19
Net interest share 450.5%
Efficiency ratio 336.4%
FY20
Net interest share 491.4%
Efficiency ratio 360.5%
FY21
Net interest share 430.1%
Efficiency ratio 324.6%
FY22
Net interest share 443.9%
Efficiency ratio 321.1%
FY23
Net interest share 394.0%
Efficiency ratio 319.8%
FY24
Net interest share 371.1%
Efficiency ratio 313.7%
FY25
Net interest share 487.0%
Efficiency ratio 371.0%
Net interest share
Efficiency ratio
Q3 '23
Net interest share 381.9%
Efficiency ratio 307.1%
Q4 '23
Net interest share 371.1%
Efficiency ratio 316.0%
Q1 '24
Net interest share 376.4%
Efficiency ratio 329.3%
Q2 '24
Net interest share 360.5%
Efficiency ratio 305.9%
Q3 '24
Net interest share 370.1%
Efficiency ratio 318.4%
Q4 '24
Net interest share 377.7%
Efficiency ratio 302.5%
Q1 '25
Net interest share 513.3%
Efficiency ratio 467.0%
Q2 '25
Net interest share 475.1%
Efficiency ratio 363.0%
Q3 '25
Net interest share 485.8%
Efficiency ratio 340.4%
Q4 '25
Net interest share 476.8%
Efficiency ratio 326.0%
Q1 '26
Net interest share 538.2%
Efficiency ratio 367.1%
Q2 '26
Net interest share 472.2%
Efficiency ratio 333.3%
Net interest share
Efficiency ratio
Net income and earnings per share
From fiscal 2016 to 2025, diluted EPS grew 4.6% a year. Loss periods are shown in red.
FY16
Net income $40.1M
FY17
Net income $28.5M
FY18
Net income $53.1M
FY19
Net income $57.2M
FY20
Net income $59.5M
FY21
Net income $69.0M
FY22
Net income $61.4M
FY23
Net income $43.4M
FY24
Net income $53.0M
FY25
Net income $65.2M
Q3 '23
Net income $9.8M
Q4 '23
Net income $8.5M
Q1 '24
Net income $13.3M
Q2 '24
Net income $12.0M
Q3 '24
Net income $13.1M
Q4 '24
Net income $14.7M
Q1 '25
Net income $7.3M
Q2 '25
Net income $14.1M
Q3 '25
Net income $21.2M
Q4 '25
Net income $22.6M
Q1 '26
Net income $21.9M
Q2 '26
Net income $23.0M
FY16
Diluted EPS $2.57
FY17
Diluted EPS $1.82
FY18
Diluted EPS $3.39
FY19
Diluted EPS $3.69
FY20
Diluted EPS $3.95
FY21
Diluted EPS $4.60
FY22
Diluted EPS $4.17
FY23
Diluted EPS $2.97
FY24
Diluted EPS $3.62
FY25
Diluted EPS $3.84
Q3 '23
Diluted EPS $0.67
Q4 '23
Diluted EPS $0.58
Q1 '24
Diluted EPS $0.91
Q2 '24
Diluted EPS $0.81
Q3 '24
Diluted EPS $0.90
Q4 '24
Diluted EPS $1.00
Q1 '25
Diluted EPS $0.43
Q2 '25
Diluted EPS $0.83
Q3 '25
Diluted EPS $1.25
Q4 '25
Diluted EPS $1.33
Q1 '26
Diluted EPS $1.29
Q2 '26
Diluted EPS $1.35
Returns and efficiency
For banks, return on equity and the efficiency ratio (costs as a share of revenue) say most about how well the business runs.
FY16
ROE 10.2%
ROTE 13.7%
Efficiency ratio 58.9%
FY17
ROE 7.2%
ROTE 9.3%
Efficiency ratio 57.5%
FY18
ROE 12.6%
ROTE 15.7%
Efficiency ratio 342.8%
FY19
ROE 12.6%
ROTE 15.2%
Efficiency ratio 336.4%
FY20
ROE 11.9%
ROTE 13.7%
Efficiency ratio 360.5%
FY21
ROE 12.9%
ROTE 15.5%
Efficiency ratio 324.6%
FY22
ROE 12.4%
ROTE 17.3%
Efficiency ratio 321.1%
FY23
ROE 9.2%
ROTE 10.8%
Efficiency ratio 319.8%
FY24
ROE 10.3%
ROTE 12.2%
Efficiency ratio 313.7%
FY25
ROE 10.6%
ROTE 13.0%
Efficiency ratio 371.0%
ROE
ROTE
Efficiency ratio
Dividends, buybacks and share count
Camden National Corp returned $28.5M to shareholders in fiscal 2025, 49% of free cash flow. The diluted share count rose 16.0%.
FY16
Dividends $12.4M
Buybacks $0.0M
FY17
Dividends $14.3M
Buybacks $0.0M
FY18
Dividends $17.2M
Buybacks $0.0M
FY19
Dividends $18.6M
Buybacks $20.8M
FY20
Dividends $19.8M
Buybacks $9.7M
FY21
Dividends $21.1M
Buybacks $10.1M
FY22
Dividends $23.5M
Buybacks $10.2M
FY23
Dividends $24.5M
Buybacks $2.0M
FY24
Dividends $24.6M
Buybacks $1.6M
FY25
Dividends $28.5M
Buybacks $0.0M
Dividends
Buybacks
Q3 '23
Dividends $6.1M
Buybacks $0.0M
Q4 '23
Dividends $6.1M
Buybacks $0.0M
Q1 '24
Dividends $6.1M
Buybacks —
Q2 '24
Dividends $6.1M
Buybacks —
Q3 '24
Dividends $6.1M
Buybacks $0.0M
Q4 '24
Dividends $6.1M
Buybacks −$0.0M
Q1 '25
Dividends $7.1M
Buybacks $0.0M
Q2 '25
Dividends $7.1M
Buybacks $0.0M
Q3 '25
Dividends $7.1M
Buybacks $0.0M
Q4 '25
Dividends $7.1M
Buybacks $0.0M
Q1 '26
Dividends $7.1M
Buybacks $1.5M
Q2 '26
Dividends $7.1M
Buybacks $2.5M
Dividends
Buybacks
FY16
Diluted shares 0.02B
FY17
Diluted shares 0.02B
FY18
Diluted shares 0.02B
FY19
Diluted shares 0.02B
FY20
Diluted shares 0.02B
FY21
Diluted shares 0.01B
FY22
Diluted shares 0.01B
FY23
Diluted shares 0.01B
FY24
Diluted shares 0.01B
FY25
Diluted shares 0.02B
Balance sheet
Loans, deposits and capital at each fiscal year end.
FY16
Loans $2.6B
Deposits $2.8B
FY17
Loans $2.8B
Deposits $3.0B
FY18
Loans $3.0B
Deposits $3.5B
FY19
Loans $3.1B
Deposits $3.5B
FY20
Loans $3.2B
Deposits $4.0B
FY21
Loans $3.4B
Deposits $4.6B
FY22
Loans $4.0B
Deposits $4.8B
FY23
Loans $4.1B
Deposits $4.6B
FY24
Loans $4.1B
Deposits $4.6B
FY25
Loans $4.9B
Deposits $5.5B
Loans
Deposits
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Loans, net | $3.4B | $4.0B | $4.1B | $4.1B | $4.9B |
| Deposits | $4.6B | $4.8B | $4.6B | $4.6B | $5.5B |
| Loans / deposits | 73.7% | 82.3% | 88.3% | 88.1% | 88.8% |
| Total assets | $5.5B | $5.7B | $5.7B | $5.8B | $7.0B |
| Shareholders' equity | $541M | $451M | $495M | $531M | $697M |
| Goodwill | $94.7M | $94.7M | $94.7M | $94.7M | $152M |
| Intangible assets | $2.2M | $1.6M | $1.0M | $0.4M | $42.6M |
| Provision / loans | −0.1% | 0.1% | 0.1% | — | — |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
10 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $153M | $154M | $26.8M | $28.3M | $27.7M | $32.0M | $33.3M | $33.6M | $35.7M | $41.7M |
| Net interest income | $113M | $115M | $120M | $128M | $136M | $137M | $148M | $132M | $132M | $203M |
| Noninterest income | $39.6M | $38.6M | $38.2M | $42.1M | $50.5M | $49.7M | $40.7M | $31.0M | $44.5M | $52.5M |
| Noninterest expense | $89.9M | $88.5M | $91.9M | $95.3M | $100.0M | $104M | $107M | $107M | $112M | $155M |
| Provision for credit losses | $5.3M | $3.0M | $0.8M | $2.9M | $12.4M | −$3.2M | $4.5M | $2.1M | — | — |
| Interest expense | $16.6M | $20.8M | $31.0M | $40.9M | $20.9M | $11.0M | $25.1M | $94.0M | — | — |
| Pretax income | $57.5M | $62.4M | $65.8M | $71.6M | $74.4M | $86.6M | $77.0M | $53.8M | $65.5M | $78.7M |
| Income tax | $17.5M | $33.9M | $12.7M | $14.4M | $14.9M | $17.6M | $15.6M | $10.5M | $12.5M | $13.5M |
| Net income | $40.1M | $28.5M | $53.1M | $57.2M | $59.5M | $69.0M | $61.4M | $43.4M | $53.0M | $65.2M |
| Net income to common | $39.9M | $28.4M | $52.9M | $57.1M | $59.3M | $68.8M | $61.3M | $43.3M | $53.0M | $65.2M |
| Diluted EPS | $2.57 | $1.82 | $3.39 | $3.69 | $3.95 | $4.60 | $4.17 | $2.97 | $3.62 | $3.84 |
| Diluted shares | 0.02B | 0.02B | 0.02B | 0.02B | 0.02B | 0.01B | 0.01B | 0.01B | 0.01B | 0.02B |
| Cash flow | ||||||||||
| Cash from operations | $57.4M | $58.3M | $64.3M | $32.9M | $18.2M | $143M | $105M | $67.5M | $60.9M | $63.9M |
| Capital expenditure | $1.7M | $2.8M | $5.0M | $4.3M | $2.9M | $1.9M | $2.2M | $2.6M | $5.6M | $5.7M |
| Free cash flow | $55.7M | $55.5M | $59.3M | $28.6M | $15.3M | $141M | $103M | $64.9M | $55.4M | $58.2M |
| Depreciation and amortization | $4.4M | $3.8M | $3.8M | $3.9M | $3.8M | $3.7M | $3.5M | $3.4M | $3.3M | $5.2M |
| Stock-based compensation | $2.0M | $1.5M | $1.7M | $1.9M | $1.8M | $2.4M | $2.6M | $2.8M | $2.9M | $3.4M |
| Share buybacks | $0.0M | $0.0M | $0.0M | $20.8M | $9.7M | $10.1M | $10.2M | $2.0M | $1.6M | $0.0M |
| Dividends paid | $12.4M | $14.3M | $17.2M | $18.6M | $19.8M | $21.1M | $23.5M | $24.5M | $24.6M | $28.5M |
| Dividends and buybacks | $12.4M | $14.3M | $17.2M | $39.4M | $29.5M | $31.2M | $33.8M | $26.5M | $26.2M | $28.5M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $87.7M | $103M | $67.0M | $75.6M | $146M | $221M | $75.4M | $99.8M | $215M | $97.5M |
| Total debt | $541M | $553M | $282M | $279M | $187M | $212M | $265M | $486M | $501M | $582M |
| Finance lease liabilities | — | — | — | $1.7M | $4.9M | $4.8M | $4.6M | $4.4M | $6.6M | $6.3M |
| Loans, net | $2.6B | $2.8B | $3.0B | $3.1B | $3.2B | $3.4B | $4.0B | $4.1B | $4.1B | $4.9B |
| Deposits | $2.8B | $3.0B | $3.5B | $3.5B | $4.0B | $4.6B | $4.8B | $4.6B | $4.6B | $5.5B |
| Property and equipment, net | $42.9M | $41.9M | $42.5M | $41.8M | $39.9M | $37.8M | $36.0M | $35.0M | $37.1M | $51.3M |
| Goodwill | $94.7M | $94.7M | $94.7M | $94.7M | $94.7M | $94.7M | $94.7M | $94.7M | $94.7M | $152M |
| Intangible assets | $6.8M | $5.0M | $4.2M | $3.5M | $2.8M | $2.2M | $1.6M | $1.0M | $0.4M | $42.6M |
| Total assets | $3.9B | $4.1B | $4.3B | $4.4B | $4.9B | $5.5B | $5.7B | $5.7B | $5.8B | $7.0B |
| Total liabilities | $3.5B | $3.7B | $3.9B | $4.0B | $4.4B | $5.0B | $5.2B | $5.2B | $5.3B | $6.3B |
| Shareholders' equity | $392M | $403M | $436M | $473M | $529M | $541M | $451M | $495M | $531M | $697M |
| Margins | ||||||||||
| Net margin | 26.2% | 18.5% | 197.9% | 201.9% | 214.5% | 216.0% | 184.6% | 129.2% | 148.5% | 156.1% |
| FCF margin | 36.5% | 36.1% | 221.2% | 101.0% | 55.2% | 440.8% | 309.6% | 193.3% | 155.1% | 139.4% |
| Net interest share of revenue | 74.1% | 74.9% | 448.9% | 450.5% | 491.4% | 430.1% | 443.9% | 394.0% | 371.1% | 487.0% |
| Efficiency ratio | 58.9% | 57.5% | 342.8% | 336.4% | 360.5% | 324.6% | 321.1% | 319.8% | 313.7% | 371.0% |
| Returns | ||||||||||
| Return on equity | 10.2% | 7.2% | 12.6% | 12.6% | 11.9% | 12.9% | 12.4% | 9.2% | 10.3% | 10.6% |
| Return on assets | 1.0% | 0.7% | 1.3% | 1.3% | 1.3% | 1.3% | 1.1% | 0.8% | 0.9% | 1.0% |
| Return on tangible equity | 13.7% | 9.3% | 15.7% | 15.2% | 13.7% | 15.5% | 17.3% | 10.8% | 12.2% | 13.0% |
| Growth | ||||||||||
| Revenue growth | — | 0.8% | −82.6% | 5.6% | −2.1% | 15.2% | 4.1% | 0.9% | 6.3% | 17.0% |
| Net income growth | — | −28.9% | 86.4% | 7.8% | 4.0% | 16.0% | −11.0% | −29.4% | 22.2% | 22.9% |
| EPS growth | — | −29.2% | 86.3% | 8.8% | 7.0% | 16.5% | −9.3% | −28.8% | 21.9% | 6.1% |
| FCF growth | — | −0.5% | 6.9% | −51.8% | −46.5% | 820.4% | −26.9% | −37.0% | −14.7% | 5.1% |
| Share count change | — | 0.5% | 0.2% | −1.1% | −2.8% | −0.3% | −1.8% | −0.6% | 0.2% | 16.0% |
| Financial health | ||||||||||
| Debt / equity | 1.4x | 1.4x | 0.6x | 0.6x | 0.4x | 0.4x | 0.6x | 1.0x | 0.9x | 0.8x |
| Loans / deposits | 90.9% | 91.9% | 86.6% | 86.8% | 79.4% | 73.7% | 82.3% | 88.3% | 88.1% | 88.8% |
| Provision / loans | 0.2% | 0.1% | 0.0% | 0.1% | 0.4% | −0.1% | 0.1% | 0.1% | — | — |
| Capital allocation | ||||||||||
| Capex / revenue | 1.1% | 1.8% | 18.7% | 15.1% | 10.5% | 5.8% | 6.6% | 7.8% | 15.6% | 13.7% |
| Stock comp / revenue | 1.3% | 1.0% | 6.3% | 6.7% | 6.4% | 7.5% | 7.7% | 8.3% | 8.1% | 8.2% |
| Payouts / FCF | 22.2% | 25.8% | 29.0% | 137.6% | 193.0% | 22.1% | 32.8% | 40.9% | 47.3% | 48.9% |
| Quality scores | ||||||||||
| Piotroski F-score | — | 4.0 | 5.0 | 6.0 | 4.0 | 6.0 | 5.0 | 5.0 | 5.0 | 4.0 |
| Accruals ratio | −0.4% | −0.8% | −0.3% | 0.6% | 0.9% | −1.4% | −0.8% | −0.4% | −0.1% | 0.0% |
Source: SEC EDGAR XBRL filings (CIK 0000750686). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.