Camden National Corp

Chart & Performance

D1W1MN

P/E

14.45

P/S

3.89

EPS

2.98

Div Yield, %

3.92%

Shrs. gr., 5y

-1.34%

Rev. gr., 5y

0.74%

Revenues

161m

-12.29%

Net income

43m

-29.39%

CFO

68m

-35.82%

Dividend

Oct 15, 20240.42 USD/sh

Earnings

Jan 28, 2025

Profile

Camden National Corporation operates as the bank holding company for Camden National Bank that provides various commercial and consumer banking products and services for consumer, institutional, municipal, non-profit, and commercial customers. The company accepts checking, savings, time, and brokered deposits, as well as deposits with the certificate of deposit account registry system. It also offers non-owner-occupied commercial estate loans, owner-occupied commercial real estate loans, unsecured fully-guaranteed commercial loans backed by the U.S. small business administration, loans secured by one-to four-family properties, and consumer and home equity loans. In addition, the company provides brokerage and insurance services through its financial offerings consisting of college, retirement, estate planning, mutual funds, strategic asset management accounts, and variable and fixed annuities. Further, it offers a range of fiduciary and asset management, wealth management, investment management, financial planning, and trustee services. As of December 31, 2021, the company had 57 branches within Maine; one residential mortgage lending office in Braintree, Massachusetts; two locations in New Hampshire, including a branch in Portsmouth and a commercial loan production office in Manchester; and an online residential mortgage and small commercial digital loan platform, as well as 66 ATMs. Camden National Corporation was founded in 1875 and is headquartered in Camden, Maine.

URL

https://www.camdennational.com/

IPO date

Oct 07, 1997

Employees

630

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	161,197 -12.29%	183,794 0.51%	182,858 -0.10%
Cost of revenue	59,706	62,019	61,007
Unusual Expense (Income)
NOPBT	101,491	121,775	121,851
NOPBT Margin	62.96%	66.26%	66.64%
Operating Taxes	10,453	15,608	17,627
Tax Rate	10.30%	12.82%	14.47%
NOPAT	91,038	106,167	104,224
Net income	43,383 -29.39%	61,439 -10.98%	69,014 16.02%
Dividends	(24,536)	(23,512)	(21,081)
Dividend yield	4.46%	3.84%	2.92%
Proceeds from repurchase of equity	(2,000)	(10,595)	(10,353)
BB yield	0.36%	1.73%	1.44%
Debt
Debt current	284,950	68,725	211,608
Long-term debt	57,074	57,974	58,425
Deferred revenue		(7,791)	39,911
Other long-term liabilities	4,689,504	108,530	(44,331)
Net debt	(1,536,819)	(1,819,042)	(2,981,563)
Cash flow
Cash from operating activities	67,508	105,183	142,716
CAPEX	(2,622)	(2,183)	(1,852)
Cash from investing activities	(7,029)	(487,722)	(649,093)
Cash from financing activities	(36,102)	237,341	581,228
FCF	2,272,574	392,414	(25,693)
Balance
Cash	703,457	699,293	1,728,111
Long term investments	1,175,386	1,246,448	1,523,485
Excess cash	1,870,783	1,936,551	3,242,453
Stockholders' equity	495,064	451,278	541,294
Invested Capital	2,495,564	5,204,459	5,166,250
ROIC	2.36%	2.05%	2.15%
ROCE	3.39%	2.15%	2.13%
EV
Common stock shares outstanding	14,609	14,701	14,972
Price	37.63 -9.74%	41.69 -13.43%	48.16 34.60%
Market cap	549,750 -10.30%	612,885 -15.00%	721,031 34.13%
EV	(987,069)	(1,206,157)	(2,260,532)
EBITDA	105,454	125,890	126,214
EV/EBITDA
Interest	93,983	25,094	11,048
Interest/NOPBT	92.60%	20.61%	9.07%