Camden National Corporation (CAC) reported record quarterly net income of $23.0 million and diluted earnings per share of $1.35 for the second quarter ended June 30, 2026. Return on average assets was 1.33%, return on average equity was 12.92% and return on average tangible equity was 18.47%.
For the first six months of 2026, net income was $44.9 million and diluted EPS was $2.64, compared with $21.4 million and $1.26 a year earlier. The company announced a $0.42 per-share cash dividend payable July 31, 2026, to shareholders of record on July 15, 2026.
- Second-quarter total revenue increased 5% from the first quarter, with net interest margin at 3.26% and non-interest income up 21%.
- Net interest income totaled $52.9 million and non-interest income totaled $14.5 million for the quarter.
- Total assets were $7.0 billion at June 30, 2026; loans totaled $5.0 billion and deposits totaled $5.6 billion.
- Book value per share was $42.96 and tangible book value per share was $31.64 at quarter-end.
- The company repurchased 52,000 shares during the second quarter at a weighted-average price of $47.64 per share.
