Camden National Reports Record Revenue and Increased Net Income for Q3 2026
Camden National Corporation (CAC) reported strong third-quarter 2026 financial results, highlighted by record total revenue of $68.7 million and a net income of $22.8 million, an 8% increase year-over-year. The company saw significant expansion in its Net Interest Margin (NIM), which rose to 3.41%, driven by an improved funding mix and growing core deposits that reached $5.2 billion. Despite a slight decrease in noninterest income due to lower mortgage banking revenue, the bank maintained strong profitability with a Return on Average Tangible Common Equity of 17.47%. Management noted that while provision for credit losses increased due to higher HELOC production and economic outlook shifts, asset quality remains stable with nonperforming loans decreasing to 16 basis points.
Tickers: $CAC
Topics: deposits eps loans net income net interest margin total revenue