Camden National Corporation (CAC) Earnings Call Transcripts
Camden National Corporation's Latest Earnings Call - Q1 FY2026
In the first quarter of 2026, Camden National Corporation reported strong results with net income of $21.9 million and earnings per share (EPS) of $1.29, representing a 39% year-over-year increase in adjusted EPS. The company highlighted the continued benefits from the Northway Financial acquisition and organic growth despite typical seasonal challenges. Management anticipates a gradual expansion in net interest margins and expects noninterest income to rebound in the upcoming quarters, maintaining a positive outlook for the remainder of the fiscal year.
Reported metrics
| Metric | Value |
|---|---|
| Net Income | $21.9 million (beat) |
| EPS | $1.29 (beat) |
| Net Interest Margin | 3.24% (inline) |
| Return on Average Assets | 1.28% (beat) |
| Return on Average Tangible Equity | 18.17% (beat) |
| Noninterest Income | $12 million (miss) |
Guidance from management
Management anticipates net interest margin expansion of 2 to 5 basis points on a core basis and expects noninterest income to rebound to approximately $13 million in the second quarter.
What management said
Yes. No, good question. So overall, I think we're about $4.3 million for the quarter. I would still say $4.5 million, maybe a little bit north of that is still a pretty good run rate estimate for us for now.
Steve, it's Mike. Yes, I mean, I would say, overall, what we're seeing is, I would say, on average, deals kind of in that 6% to low sixes on average. I mean certainly, there's sort of a premium, if you will, for just credit quality these days and certainly aggressive and just market. But we, as we think about loan growth, we certainly want to maintain our discipline there. And that's kind of who we are and who we've ...
What analysts pressed on
Analysts expressed concerns about competitive pressures impacting loan and deposit pricing. There were questions regarding the sustainability of loan growth and the impact of seasonal factors on financial performance moving forward.
Main topics on the call
- Strong Earnings Performance — Camden National reported a net income of $21.9 million and an EPS of $1.29, with adjusted EPS increasing 39% year-over-year. Simon Griffiths stated, "These results demonstrate continued progress against our strategic pri...
- Loan Growth and Seasonality — Loan growth was tempered this quarter due to typical seasonality, but management noted a $10.6 million increase in home equity loans. Griffiths expressed confidence in a "positive outlook" for commercial loan growth as t...
- Net Interest Margin Outlook — The reported net interest margin was 3.24%, with an expectation of expansion of 2 to 5 basis points on a core basis moving forward. CFO Mike Archer indicated that "our current interest rate outlook calls for slower and m...
- Noninterest Income Recovery — Noninterest income fell on a linked-quarter basis due to seasonality but is expected to rebound to approximately $13 million in the second quarter. Archer noted, "We anticipate noninterest income to rebound," indicating ...
Read the full Camden National Corporation transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Camden National Corporation
Camden National Corporation (CAC) is a publicly listed company in the Banks industry, within the Financials sector. It trades on NasdaqGS and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 29 calls on record spanning January 28, 2020 to July 28, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 29 Camden National Corporation earnings call transcripts on record, spanning January 28, 2020 to July 28, 2026. Based on this history, Camden National Corporation reports quarterly. The most recent call on file is dated July 28, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- CAC
- Exchange
- NasdaqGS
- Country
- US
- Sector
- Financials
- Industry
- Banks
- Calls on record
- 29
- First call
- January 28, 2020
- Most recent
- July 28, 2026
- Reporting cadence
- quarterly