Camden National Corporation Reports 8% Year-Over-Year Net Income Growth in Q3 2026
Camden National Corporation (NASDAQ: CAC) announced its third-quarter 2026 financial results, reporting a net income of $22.8 million and diluted earnings per share of $1.34. This represents an 8% increase in net income compared to the same period last year. The company's performance was bolstered by strong deposit growth and improved funding mixes, which helped expand the net interest margin by 15 basis points over the previous quarter to 3.41%. The bank also reported record earnings for the first nine months of 2026, with net income reaching $67.7 million. Despite a slight increase in provision expense due to macroeconomic factors and higher reserves for unfunded credit commitments, asset quality remains robust with non-performing loans at only 0.16% of total loans. Management expressed confidence in the company's ability to deliver sustained growth through disciplined expense management and continued customer acquisition.
Tickers: $CAC
Topics: Deposit Growth EPS Financial Performance Net Income
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