Camden National Corporation, a leading financial services company, has released its latest financial report, showcasing its performance over the years. The report includes key metrics that offer insight into the company's growth and stability.
One notable metric is the company's industry experience, with its executive team boasting an average of over 20 years in the industry. This indicates a wealth of knowledge and expertise at the top leadership level.
In terms of industry diversification, the report reveals that Real Estate Investment, Lodging, and Retail Trade make up the largest sectors of the company's portfolio. However, there has been a noticeable decrease in the proportion of Real Estate Investment from 50% in 2019 to 14% in 2024 YTD.
Furthermore, the report highlights the company's loan portfolio composition, with Multi-Family/Apartments and 1-4 Family properties being the primary segments. Interestingly, there has been a decrease in the proportion of Multi-Family/Apartments from 25% in 2019 to 11% in 2024 YTD.
Moreover, the report provides insight into the company's net interest margin, which has seen a decline from 3% in 2019 to 2.5% in 2024 YTD. This indicates a potential decrease in the company's profitability from its lending and investment activities.
Additionally, the report reveals the company's return on average assets, which has remained relatively stable over the years, hovering around 1%.
Today the company's shares have moved 0.7% to a price of $47.46. For more information, read the company's full 8-K submission here.
