CAMDEN NATIONAL CORP Reports $22.6M Q4 Income

By Chris Stiles • Tuesday, January 27 15:03 • Permanent Link

Camden National Corporation has announced its fourth quarter 2025 financial results showing a net income of $22.6 million, a 6% increase over the third quarter of 2025. Diluted earnings per share ("EPS") also increased by 6% to $1.33 for the same period. For the year ended December 31, 2025, the company reported a net income of $65.2 million, a 23% increase compared to the year ended December 31, 2024.

The company's net interest margin for the fourth quarter of 2025 increased by 13 basis points over the third quarter to 3.29%, with core net interest margin increasing by 10 basis points to 2.92%. Additionally, the company's non-GAAP return on average tangible equity was reported at 19.06%.

In terms of financial operating results, net interest income for the fourth quarter of 2025 increased by 5% over the third quarter to $53.9 million, driven by a 13 basis point expansion in net interest margin. Meanwhile, non-interest income remained consistent at $14.1 million.

The company's total assets as of December 31, 2025, and September 30, 2025, stood at $7.0 billion, representing a 20% growth during 2025. Loans totaled $5.0 billion, a 1% decrease from September 30, 2025, while deposits increased by 2% to $5.5 billion as of December 31, 2025.

Camden National Corporation's regulatory capital ratios exceeded all regulatory requirements, with a common equity tier 1 ratio of 11.69%, a tier 1 risk-based ratio of 13.00%, a total risk-based ratio of 13.95%, and a tier 1 leverage ratio of 9.12%.

The company also announced a new share repurchase program for up to 850,000 shares of its common stock, representing approximately 5% of its outstanding stock as of December 31, 2025.

The financial results for the fourth quarter of 2025 demonstrate a strong performance for Camden National Corporation, underpinned by increases in net income, diluted EPS, and net interest margin, as well as solid growth in total assets and deposits. The market has reacted to these announcements by moving the company's shares -0.81% to a price of $45.31. For more information, read the company's full 8-K submission here.

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