Camden National Corporation (OQ:CAC)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 2 Elm Street CAMDEN ME 04843 |
| Tel: | N/A |
| Website: | https://www.camdennational.com |
| IR: | See website |
| Key People | ||
| Simon Griffiths President, Chief Executive Officer, Director | Michael R. Archer Chief Financial Officer, Executive Vice President | William H. Martel Executive Vice President - Technology and Support Services, Chief Technology Officer |
| Renee D. Smyth Executive Vice President, Chief Experience and Marketing Officer | David J. Ackley Executive Vice President, Chief Risk Officer | Jennifer Lloyd Mirabile Executive Vice President, Managing Director of Camden National Wealth Management |
| Patricia A. Rose Executive Vice President, Retail and Mortgage Banking Officer | Ryan A. Smith Executive Vice President, Chief Credit Officer | |
| Business Overview |
| Camden National Corporation is a bank holding company for Camden National Bank (the Bank). The Bank provides a broad array of banking and other financial services to consumer, institutional, municipal, non-profit, and commercial customers. The Bank optimizes its in-person professional financial guidance with technology, delivered through sophisticated digital channels. These digital products empower customers to bank anywhere at any time, including, but not limited to, online and mobile banking, which includes MortgageTouch, its easy-to-use online platform for consumer borrowers; BusinessTouch, its online loan application system with instant approval, making borrowing faster and easier for small businesses, and TreasuryLink, its secure online platform designed to offer advanced cash management, monitoring capabilities and controls for commercial customers. The Bank offers comprehensive wealth management and trust services, including investment advisory services. |
| Financial Overview |
| For the three months ended 31 March 2024, Camden National Corporation interest income increased 14% to $60.2M. Net interest income after loan loss provision increased 3% to $33.4M. Net income applicable to common stockholders increased 4% to $13.3M. Net interest income after loan loss provision reflects Interest and fees on loans increase of 14% to $51.7M, Interest&Dividend-Invest Sec AFS/HTM increase of 18% to $7M. |
| Employees: | 600 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $874.96M as of Mar 31, 2024 |
| Annual revenue (TTM): | $233.70M as of Mar 31, 2024 |
| EBITDA (TTM): | $76.36M as of Mar 31, 2024 |
| Net annual income (TTM): | $43.89M as of Mar 31, 2024 |
| Free cash flow (TTM): | $43.54M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $402.14M as of Mar 31, 2024 |
| Shares outstanding: | 14,606,693 as of Apr 30, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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