CAC earnings analysis
What we found in CAC's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Camden National Corporation reported a strong Q1 2026 performance with net income of $21.9 million and EPS of $1.29, increasing significantly from $7.3 million and $0.43 in Q1 2025. However, revenue declined slightly to $64.3 million, missing estimates of $65.6 million, while improved operational metrics were supported by a 20 basis point increase in net interest margin to 3.24%. Management highlighted solid capital and liquidity positions but indicated expectations for ongoing challenges in the non-interest income segment.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Strong EPS Growth
- EPS increased to $1.29 from $0.43 YoY, reflecting a 200% growth.
- Increased Net Income
- Net income rose to $21.9 million compared to $7.3 million in Q1 2025.
- Improved Net Interest Margin
- Net interest margin improved to 3.24%, up 20 basis points YoY.
- Decrease in Non-interest Expense
- Non-interest expenses fell 20% to $35.7 million from $44.5 million in Q1 2025.
- Strong Loan-to-Deposit Ratio
- Loan-to-deposit ratio stood at 89% as of March 31, 2026, slightly down from 90%.
- High Capital Levels
- Shareholders' equity increased 2% to $710 million, exceeding regulatory requirements.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Non-interest Income Pressures
- Non-interest income decreased slightly, resulting in ongoing concerns about revenue diversification.
- Margin Sensitivity
- The company is sensitive to interest rate changes, which could impact future net interest income expectations.
- Increased Loan Quality Risks
- The ACL on loans was reported at 0.92%, slightly up from 0.91%, reflecting concerns about credit quality.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $1.29
What they said about what is next.
Outlook deferred to earnings press release / call.
The filing reads about the same as the one before it.
What came before.
- 10-K · March 6, 2026
- Camden National (CAC) reported a year of acquisitive growth and margin expansion: total assets reached $7.0 billion at December 31, 2025 and the January 2, 2025 acquisition of Northway added $1.2 billion of total assets…
- 10-K · March 7, 2025
- Camden National Corporation is a relationship-driven community bank with $5.8 billion in assets at December 31, 2024 and a stated strategy of organic growth complemented by targeted acquisitions and digital channel…
- 10-Q · November 7, 2024
- Camden National reported a strong year-over-year quarter: total revenue of $75,127,000 and net income of $13,073,000 (diluted EPS $0.90) for the three months ended September 30, 2024, up from $62,741,000 revenue and…
- 10-Q · August 8, 2024
- Camden National reported Q2 2024 diluted EPS of $0.81 and net income of $11,993,000 on combined net interest income of $32,184,000 and non‑interest income of $10,645,000 (totaling $42,829,000). Revenue was essentially…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
Read the next one first.
We read every filing CAC makes the day it lands, and put it next to what the options market did about it. Members get both, and an alert when a filing arrives.
Cancel anytime · Month to month · Switch tiers whenever