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Camden National (CAC)

Market Price (4/22/2026): $49.15 | Market Cap: $831.8 Mil
Sector: Financials | Industry: Regional Banks

Camden National (CAC)

Market Price (4/22/2026): $49.15
Market Cap: $831.8 Mil
Sector: Financials
Industry: Regional Banks

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, Dividend Yield is 3.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.1%, FCF Yield is 7.0%

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -74%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 44%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 26%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 23%

Low stock price volatility
Vol 12M is 30%

Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments, and Cybersecurity. Themes include Online Banking & Lending, Digital Payments, Show more.

Trading close to highs
Dist 52W High is -4.0%, Dist 3Y High is -4.0%

Weak multi-year price returns
3Y Excs Rtn is -2.3%

Key risks
CAC key risks include none of the company-specific factors listed, Show more.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, Dividend Yield is 3.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.1%, FCF Yield is 7.0%
1	Cash is significant % of market cap Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -74%
2	Strong revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 44%
3	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 26%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 23%
4	Low stock price volatility Vol 12M is 30%
5	Megatrend and thematic drivers Megatrends include Fintech & Digital Payments, and Cybersecurity. Themes include Online Banking & Lending, Digital Payments, Show more.
6	Trading close to highs Dist 52W High is -4.0%, Dist 3Y High is -4.0%
7	Weak multi-year price returns 3Y Excs Rtn is -2.3%
8	Key risks CAC key risks include none of the company-specific factors listed, Show more.

Valuation, Metrics & Events

	4/22/26	2025	2024	2023	2022
Share Price CYE	$49.15	$43.38	$42.74	$37.63	$41.69
Market Cap CYE ($ Mil)	831.8	734.1	623.1	547.9	607.2
Total Debt ($ Mil)	389.5	389.5	369.3	329.3	113.1
Total Cash ($ Mil)	97.5	97.5	215.0	99.8	75.4
Enterprise Value ($ Mil)	1,123.8	1,123.6	992.4	877.2	720.3
Valuation Ratios
P/S TTM	3.4	3.0	3.6	3.5	3.3
P/EBIT TTM	-	-	-	-	-
P/E TTM	12.8	11.3	11.8	12.6	9.9
P/FCF TTM	14.3	12.6	11.3	8.4	5.9
Sector Ratios
P/S TTM (Sector)	3.3	3.1	3.1	2.7	2.7
P/EBIT TTM (Sector)	6.9	6.7	8.1	7.1	6.7
P/E TTM (Sector)	11.7	11.0	11.4	9.8	9.2
P/FCF TTM (Sector)	8.9	8.6	8.9	7.7	6.4

	4/22/26	2025	2024
Share Price CYE	$49.15	$43.38	$42.74
Market Cap CYE ($ Mil)	831.8	734.1	623.1
Total Debt ($ Mil)	389.5	389.5	369.3
Total Cash ($ Mil)	97.5	97.5	215.0
Enterprise Value ($ Mil)	1,123.8	1,123.6	992.4
Valuation Ratios
P/S TTM	3.4	3.0	3.6
P/EBIT TTM	-	-	-
P/E TTM	12.8	11.3	11.8
P/FCF TTM	14.3	12.6	11.3
Sector Ratios
P/S TTM (Sector)	3.3	3.1	3.1
P/EBIT TTM (Sector)	6.9	6.7	8.1
P/E TTM (Sector)	11.7	11.0	11.4
P/FCF TTM (Sector)	8.9	8.6	8.9

	CAC	S&P 500
REVENUE GROWTH	VERY GOOD
Rev LTM ($ Bil)	0.2
Rev Chg Q	43.6%	7.5%
Rev Chg LTM	43.8%	6.9%
Rev Chg 3Y Avg	13.1%	5.7%
PROFITABILITY	GOOD
Op Inc LTM ($ Bil)	�
CFO LTM ($ Bil)	0.1
Net Inc LTM ($ Bil)	0.1
CFO/Rev LTM	25.7%	20.6%
Net Inc Mgn	26.2%	12.8%
VALUATION	LOW
P/S	3.4	3.3
P/CFO	13.0	15.7
P/FCF	14.3	20.4
P/E	12.8	24.4

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Metric	Value	Date	Source
Assets Under Administration	2.4 billion	9302025	Link
Number of Banking Centers	72	10282025	Link
Number of ATMs	76	1022025	Link
Loan-to-Deposit Ratio	93%	9302025	Link
Non-Performing Assets to Total Assets Ratio	0.12%	9302025	Link
Efficiency Ratio (non-GAAP)	52.47%	9302025	Link
Number of Employees	650+	1022025	Link
Number of Customers Added Through Acquisition	55000	10162015	Link

Recent
4/15/2026	Dividend	Amount: $0.42 Payment On: 4/30/2026
Upcoming
4/28/2026	Earnings Release	Rev: $65 Mil (E) EPS: $1.27 (E)

Price Chart

Return (1M):

Why The Stock Moved

Qualitative Assessment

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Camden National (CAC) stock has gained about 15% since 12/31/2025 because of the following key factors:

1. Camden National reported strong fourth-quarter 2025 financial results, exceeding analyst expectations. The company announced a record net income of $22.6 million and diluted earnings per share (EPS) of $1.33 for Q4 2025, surpassing analyst estimates by $0.01. Additionally, its net interest margin (NIM) increased by 13 basis points quarter-over-quarter to 3.29%, and tangible book value per share rose 4% to $29.69 at year-end 2025. For the full year 2025, revenue increased by 31.62% to $233.49 million, and earnings grew by 22.96% to $65.16 million.

2. Improving sentiment and positive outlook for the regional banking sector contributed to the stock's appreciation. After a challenging period in 2023 and much of 2024, the regional bank sector saw a rebound in 2025. Sentiment improved as concerns about interest rates subsided, with expectations for rate cuts or a prolonged pause easing pressure on funding costs and bond portfolios. Analysts project 2026 to be another year of strong performance for the U.S. banking sector, particularly for regional and community banks, which are anticipated to benefit from lower rates and increased merger and acquisition activity.

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Stock Movement Drivers

Fundamental Drivers

The 15.3% change in CAC stock from 12/31/2025 to 4/21/2026 was primarily driven by a 8.8% change in the company's Total Revenues ($ Mil).

(LTM values as of)	12312025	4212026	Change
Stock Price ($)	42.62	49.16	15.3%
Change Contribution By:
Total Revenues ($ Mil)	228	248	8.8%
Net Income Margin (%)	25.1%	26.2%	4.5%
P/E Multiple	12.6	12.8	1.4%
Shares Outstanding (Mil)	17	17	0.0%
Cumulative Contribution			15.3%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 4/21/2026

	Return	Correlation
CAC	15.3%
Market (SPY)	-5.4%	34.3%
Sector (XLF)	-4.5%	55.9%

Fundamental Drivers

The 31.1% change in CAC stock from 9/30/2025 to 4/21/2026 was primarily driven by a 18.9% change in the company's Total Revenues ($ Mil).

(LTM values as of)	9302025	4212026	Change
Stock Price ($)	37.50	49.16	31.1%
Change Contribution By:
Total Revenues ($ Mil)	209	248	18.9%
Net Income Margin (%)	23.5%	26.2%	11.5%
P/E Multiple	12.9	12.8	-1.0%
Shares Outstanding (Mil)	17	17	-0.1%
Cumulative Contribution			31.1%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 4/21/2026

	Return	Correlation
CAC	31.1%
Market (SPY)	-2.9%	33.7%
Sector (XLF)	-2.6%	53.0%

Fundamental Drivers

The 27.7% change in CAC stock from 3/31/2025 to 4/21/2026 was primarily driven by a 43.8% change in the company's Total Revenues ($ Mil).

(LTM values as of)	3312025	4212026	Change
Stock Price ($)	38.51	49.16	27.7%
Change Contribution By:
Total Revenues ($ Mil)	173	248	43.8%
Net Income Margin (%)	30.7%	26.2%	-14.5%
P/E Multiple	10.6	12.8	20.5%
Shares Outstanding (Mil)	15	17	-13.8%
Cumulative Contribution			27.7%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2025 to 4/21/2026

	Return	Correlation
CAC	27.7%
Market (SPY)	16.3%	47.7%
Sector (XLF)	6.1%	58.2%

Fundamental Drivers

The 57.5% change in CAC stock from 3/31/2023 to 4/21/2026 was primarily driven by a 72.6% change in the company's P/E Multiple.

(LTM values as of)	3312023	4212026	Change
Stock Price ($)	31.21	49.16	57.5%
Change Contribution By:
Total Revenues ($ Mil)	184	248	34.9%
Net Income Margin (%)	33.4%	26.2%	-21.4%
P/E Multiple	7.4	12.8	72.6%
Shares Outstanding (Mil)	15	17	-13.9%
Cumulative Contribution			57.5%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2023 to 4/21/2026

	Return	Correlation
CAC	57.5%
Market (SPY)	63.3%	40.9%
Sector (XLF)	69.9%	58.4%

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
CAC Return	39%	-10%	-5%	19%	6%	18%	76%
Peers Return	24%	-3%	-7%	16%	6%	13%	55%
S&P 500 Return	27%	-19%	24%	23%	16%	4%	89%
Monthly Win Rates [3]
CAC Win Rate	75%	33%	50%	58%	50%	75%
Peers Win Rate	60%	47%	40%	48%	55%	65%
S&P 500 Win Rate	75%	42%	67%	75%	67%	50%
Max Drawdowns [4]
CAC Max Drawdown	0%	-13%	-32%	-22%	-14%	-1%
Peers Max Drawdown	-2%	-15%	-38%	-20%	-18%	-1%
S&P 500 Max Drawdown	-1%	-25%	-1%	-2%	-15%	-7%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: INDB, EBC, WBS, NBTB, CBU.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/21/2026 (YTD)

How Low Can It Go

Unique Key	Event	CAC	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-47.4%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	90.2%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-44.1%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	78.8%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	328 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-28.2%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	39.3%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	402 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-66.4%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	197.7%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	2,734 days	1,480 days

Compare to INDB, EBC, WBS, NBTB, CBU

In The Past

Camden National's stock fell -47.4% during the 2022 Inflation Shock from a high on 1/7/2022. A -47.4% loss requires a 90.2% gain to breakeven.

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About Camden National (CAC)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

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.

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Here are a few analogies for Camden National (CAC):

Think of it as a regional JPMorgan Chase for Maine and parts of New England.
Like a smaller Bank of America, providing comprehensive financial services primarily across Maine.
The full-service community bank of Maine, similar to a local version of Wells Fargo.

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Deposit Accounts: Offers various types of checking, savings, time, and brokered deposit accounts for consumers and businesses.
Loans: Provides diverse loan products including commercial real estate, SBA, residential mortgage, consumer, and home equity loans.
Brokerage and Insurance Services: Delivers financial planning and product offerings such as mutual funds, asset management accounts, and annuities.
Wealth Management and Trust Services: Manages assets, provides financial planning, and offers fiduciary and trustee services.

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Camden National Corporation (CAC) serves a diverse customer base encompassing both individuals and various types of organizations. Given the company's offering of extensive "consumer banking products and services" alongside commercial offerings, it serves a significant number of individual customers, making it appropriate to describe its major customer categories.

The major customer categories for Camden National (CAC) are:

Individual Consumers: This category includes individuals utilizing a wide range of personal banking services such as checking, savings, and time deposits. They also secure loans for one-to four-family properties, consumer loans, and home equity loans. Furthermore, individual consumers are customers for brokerage and insurance services, including college, retirement, and estate planning, as well as wealth management, investment management, and financial planning services.
Commercial Businesses: This segment comprises various businesses, from small to larger enterprises, that seek non-owner-occupied and owner-occupied commercial real estate loans, as well as unsecured fully-guaranteed commercial loans, often backed by the U.S. Small Business Administration. These customers also utilize commercial deposit products and other business banking solutions.
Institutional, Municipal, and Non-Profit Organizations: Camden National provides banking products and services to a variety of institutional entities, local government bodies, and non-profit organizations. These offerings include various deposit accounts and specialized fiduciary, asset management, and trustee services tailored to meet the unique financial needs of these organizations.

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Fiserv (FI)

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Simon Griffiths, President and Chief Executive Officer

Simon Griffiths was appointed President and Chief Executive Officer of Camden National Corporation and Camden National Bank in January 2024, having joined as Executive Vice President & Chief Operating Officer around November 2023. Prior to Camden National, he served as Executive Vice President and Head of Core Banking at Citizens Bank, where he managed retail and business banking channels, including nearly 1,200 branches. He joined Citizens Bank in 2015 from Santander Bank, where he was Executive Vice President and Managing Director of the Retail Network for six years. Griffiths began his banking career in 2002 at Washington Mutual Bank, which was later acquired by JP Morgan Chase in 2008, where he gained significant leadership experience in operations, sales, and service over his 12-year tenure.

Michael Archer, Executive Vice President, Chief Financial Officer

Michael Archer was named Executive Vice President, Chief Financial Officer for Camden National Corporation and Camden National Bank, effective January 3, 2022. In this role, he serves as the company's principal financial and accounting officer, overseeing accounting, treasury, and financial planning and analysis. He joined Camden National in October 2013 and previously served as Senior Vice President and Corporate Controller for over eight years. Before his time at Camden National Bank, Archer spent seven years at PricewaterhouseCoopers, LLP. He is a Certified Public Accountant (CPA).

William Martel, Executive Vice President, Chief Technology Officer

William Martel serves as Executive Vice President of Technology & Support Services and Chief Technology Officer for Camden National Corporation and Camden National Bank. He joined the executive team in March 2020. Previously, Martel was the Head of U.S. Operations Technology for Santander U.S. in Boston, where he led the banking operation's technology transformation. He also held several senior management positions within the technology organization at TD Canada. Martel started his banking career as a senior branch manager for People's Heritage Bank.

Ryan Smith, Executive Vice President, Chief Credit Officer

Ryan Smith is the Executive Vice President and Chief Credit Officer of Camden National Bank, a role he assumed in December 2023. He is responsible for managing the bank's credit group, underwriting process, and policies. Smith has been with Camden National Bank since May 2012, initially leading commercial banking efforts in Central and Southern Maine. He also led the Treasury Management group and served as Director of Commercial Banking for Central and Midcoast Maine. Prior to joining Camden National Bank, Smith spent over 10 years in commercial banking and credit roles at institutions including People's United Bank/Maine Bank & Trust, and began his career at Ford Motor Credit Company.

Patricia Rose, Executive Vice President, Retail and Mortgage Banking

Patricia Rose is the Executive Vice President of Retail and Mortgage Banking at Camden National Bank, a position she has held since September 2017. She is responsible for retail, business, and mortgage banking strategies, including the management of the bank's banking centers. Rose brings over 30 years of experience in retail banking across various New England markets. Her previous roles include Head of Strategic Onboarding & Orientation at Citizens Bank for two years and Director-level roles in Retail Network Sales & Strategy at Santander Bank for six years. She also held various leadership positions and served as Market President of Retail Banking in Eastern Massachusetts and New Hampshire at Fleet Bank and Sovereign Bank.

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The key risks to Camden National Corporation's business include:

1. Intensified Competition and Interest Rate Sensitivity

Camden National Corporation faces significant risks from intensified competition within the banking sector, which can lead to a decline in its deposit base and a softening of demand for its loan products. The bank's average interest rate on savings accounts has been noted as lower than national competitors, highlighting competitive pressures on deposits. Furthermore, as a traditional bank heavily reliant on net interest income, which constituted 79% of its total revenue in 2025, Camden National is highly sensitive to fluctuations in interest rates. While higher rates can boost lending earnings, prolonged high rates can strain current borrowers and deter new loan demand, impacting the bank's profitability. The Federal Reserve's actions to raise rates have generally "stressed the banking industry".

2. Commercial Real Estate (CRE) Exposure

The banking industry, including regional banks, faces concerns regarding commercial real estate debt, with a substantial amount expected to mature by 2028 and require refinancing at potentially higher interest rates. While Maine banks are generally viewed as conservative, the potential for turbulence in the commercial real estate sector is considered a "front and center" issue. Camden National's loan portfolio, valued at $4.9 billion as of June 30, 2025, could be susceptible to concentration risk, and the bank increased its allowance for credit losses in the first quarter of 2025 due to evolving economic forecasts, which may implicitly reflect concerns around loan quality, including potentially in the CRE sector.

3. Integration Risks from Acquisitions

Camden National completed the acquisition of Northway Financial, Inc. on January 2, 2025, significantly expanding its assets and branch network. While strategic acquisitions aim for growth and synergies, they inherently carry risks such as challenges in integrating systems, reconciling different organizational cultures, potential customer disruption, and the loss of key talent. The integration process has already led to "notable increase in expenses" during the first quarter of 2025, directly impacting the company's net income. These short-term costs and operational complexities represent a tangible risk during the post-acquisition period.

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The continued rise and innovation of digital-only banks, online lenders, and fintech companies that offer core banking, lending, and wealth management services with lower overhead and often superior digital user experiences, posing a direct competitive threat to Camden National's deposit base, loan origination market share, and financial services clientele.

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Addressable Markets for Camden National (CAC)

For the public company Camden National (symbol: CAC), the estimated addressable market sizes for its main products and services are as follows, with the respective regions clarified:


    
        Commercial Banking:
        
            U.S. Commercial Banking Market Size: The U.S. commercial banking market size is estimated at USD 765.53 billion in 2026.
            Maine Banking Industry Deposits: The banking industry in Maine had total deposits exceeding $44 billion as of June 2025.
            New Hampshire Banking Industry Deposits: Banks in New Hampshire held $47.7 billion in deposits in 2024.
        
    
    
        Consumer Banking (including deposits and general consumer loans):
        
            U.S. Retail Banking Market Size: The United States retail banking market was valued at USD 870 billion in 2025 and is estimated to grow to USD 906.3 billion in 2026.
        
    
    
        Commercial Real Estate Loans:
        
            U.S. Commercial Lending Market Size (encompassing various commercial loan types, including real estate): The global commercial lending market size was valued at USD 10,923.28 billion in 2025 and is projected to grow to USD 11,864.16 billion in 2026.
            Maine Residential and Commercial Real Estate Loans: Maine banks provided $2.3 billion in residential and commercial real estate loans, according to a 2025 survey.
            New Hampshire Real Estate Loans & Collateralized Debt: The market size for real estate loans and collateralized debt in New Hampshire is $625.7 million in 2026.
        
    
    
        Residential Mortgages and Home Equity Loans:
        
            U.S. Single-Family Mortgage Origination Volume: Total single-family mortgage origination volume in the U.S. is expected to increase to $2.2 trillion in 2026 from $2.0 trillion in 2025.
            Maine New Home Loans Booked: New home loans booked in Maine amounted to $3.4 billion in 2024.
            New Hampshire New Home Loans Booked: New home loans booked in New Hampshire totaled $4.3 billion in 2024.
            Boston (MA-NH MSA) Mortgage Market: The Boston-Cambridge-Newton, MA-NH, MSA is projected to have $46.1 billion in total mortgage volume (combined purchase and refinance loans) in 2026.
        
    
    
        Wealth Management, Investment Management, Financial Planning, Brokerage, and Fiduciary/Trustee Services:
        
            U.S. Private Banking Market Size: The United States private banking market is valued at USD 59.54 billion in 2025 and is expected to reach USD 94.89 billion by 2030.
            North America Wealth Management Platform Market Size: The wealth management platform market in North America had a valuation of USD 1.26 billion in 2025 and USD 1.4 billion in 2026.
            U.S. Investment Banking Market: The U.S. investment banking market stands at USD 54.74 billion in 2025.

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Camden National Corporation (CAC) is expected to drive future revenue growth over the next 2-3 years through a combination of strategic expansion, organic growth in core banking activities, and efficient financial management. Here are the key drivers:

Strategic Expansion through Acquisitions: The acquisition of Northway Financial, Inc. in early 2025 significantly bolstered Camden National's presence in New Hampshire and expanded its total assets to approximately $7.0 billion and its branch network to 72 locations across Maine and New Hampshire. This strategic move is expected to increase the company's size, scale, and market share, driving enhanced profitability and shareholder value.
Organic Loan and Deposit Growth: Camden National anticipates mid-single-digit loan growth for the full year 2026, supported by healthy pipelines. Furthermore, the company forecasts low to mid-single-digit deposit growth for 2026, with a focus on non-maturity deposits such as high-yield savings and interest-checking products. This organic expansion in its core lending and deposit-gathering activities will directly contribute to net interest income.
Net Interest Margin (NIM) Expansion and Efficient Funding Cost Management: The company has demonstrated net interest margin expansion and projects further expansion by 2-3 basis points in Q1 2026, alongside a projected decrease in funding costs by 7-10 basis points. Efficient management of interest income on earning assets and a reduction in the cost of interest-bearing liabilities are expected to continue boosting net interest income.
Enhanced Digital Banking and Customer Engagement: Camden National emphasizes its commitment to relationship banking complemented by investment in digital platforms like MortgageTouch, BusinessTouch, and TreasuryLink. The company has seen increased digital engagement among younger customers, indicating that its digital initiatives are attracting and retaining a broader customer base, which can lead to increased product utilization and new fee-based service opportunities.
Growth in Wealth Management and Fee-Based Services: While net interest income is the primary revenue stream, contributing 79% of total revenue in 2025, Camden National also leverages diversified fee-based services, including wealth management, brokerage, and advisory. Continued growth and strategic emphasis on these non-interest income streams can further diversify and contribute to overall revenue growth.

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Share Repurchases

In January 2026, Camden National's board of directors authorized a new share repurchase program for up to 850,000 shares of its common stock, representing approximately 5% of its issued and outstanding shares as of December 31, 2025.
In January 2024, the Board of Directors approved a common stock repurchase program, authorizing the repurchase of up to 750,000 shares, or approximately 5% of the Company's outstanding common stock.
As of December 31, 2024, the company had repurchased 50,000 shares at an average price of $32.19 under the 2024 program.

Share Issuance

The number of shares outstanding for Camden National increased from 14.52 million in 2024 to 16.95 million in 2025. This increase occurred in conjunction with the acquisition of Northway Financial completed in January 2025.

Outbound Investments

On January 2, 2025, Camden National completed the acquisition of Northway Financial, which added approximately $1.2 billion of total assets, $971.9 million of deposits, and 17 New Hampshire branches, expanding its network to 72 branches across Northern New England.

Capital Expenditures

Capital expenditures for Camden National were approximately -$1.85 million in FY 2021, -$2.18 million in FY 2022, -$2.62 million in FY 2023, and -$5.58 million in FY 2024.
As of September 30, 2025 (TTM), capital expenditures were approximately -$5.97 million.

Interactive Breakdown

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Better Bets vs. Camden National (CAC)

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Latest Trefis Analyses

	Title	Date
0	DASHBOARDS
1	Is Camden National Stock Built to Withstand a Pullback?	10/17/2025
2	Camden National (CAC) Operating Cash Flow Comparison	02/17/2025
3	Camden National (CAC) Net Income Comparison	02/15/2025

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0	ARTICLES

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Select ideas related to CAC.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
HBAN_3312026_Insider_Buying_45D_2Buy_200K	03312026	HBAN	Huntington Bancshares	Insider	Insider Buys 45DStrong Insider Buying Companies with multiple insider buys in the last 45 days	0.0%	0.0%	0.0%
NP_3312026_Insider_Buying_45D_2Buy_200K	03312026	NP	Neptune Insurance	Insider	Insider Buys 45DStrong Insider Buying Companies with multiple insider buys in the last 45 days	0.0%	0.0%	0.0%
JKHY_3272026_Monopoly_xInd_xCD_Getting_Cheaper	03272026	JKHY	Jack Henry & Associates	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	3.1%	3.1%	0.0%
MKTX_3202026_Dip_Buyer_FCFYield	03202026	MKTX	MarketAxess	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-5.2%	-5.2%	-5.7%
RYAN_3202026_Insider_Buying_GTE_1Mil_EBITp+DE_V2	03202026	RYAN	Ryan Specialty	Insider	Insider Buys \| Low D/EStrong Insider Buying Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	-2.7%	-2.7%	-8.5%

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
POET	POET Technologies	0.9	19.3%	61.9%
CAR	Avis Budget	25.1	17.3%	456.4%
NVTS	Navitas Semiconductor	3.4	16.1%	114.7%
CBIO	Crescent Biopharma	0.7	13.3%	107.2%
VMI	Valmont Industries	9.0	11.9%	14.3%
MLI	Mueller Industries	14.7	11.4%	17.7%
EGY	VAALCO Energy	0.6	11.0%	65.2%
PBI	Pitney Bowes	2.3	10.9%	39.6%
CRVS	Corvus Pharmaceuticals	1.4	10.3%	122.6%
VICR	Vicor	11.1	9.5%	124.7%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
WASH	Washington Trust Bancorp	0.6	-16.9%	5.2%
TPB	Turning Point Brands	1.3	-16.5%	-34.8%
VSEC	VSE	4.4	-13.7%	12.6%
NG	Novagold Resources	3.8	-12.7%	0.8%
ULCC	Frontier	1.0	-12.1%	-10.2%
TSCO	Tractor Supply	20.9	-11.7%	-20.5%
ELE	Elemental Royalty	1.2	-10.4%	7.8%
HYMC	Hycroft Mining	3.3	-10.4%	65.8%
PEGA	Pegasystems	6.7	-10.3%	-34.1%
REPL	Replimune	0.2	-10.1%	-80.9%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
CAR	Avis Budget	25.1	73.5%	456.4%
MXL	MaxLinear	2.9	56.3%	93.3%
NVTS	Navitas Semiconductor	3.4	55.3%	114.7%
POET	POET Technologies	0.9	52.8%	61.9%
BB	BlackBerry	3.3	41.3%	48.0%
NN	NextNav	3.1	40.0%	35.6%
HIMS	Hims & Hers Health	6.8	39.3%	-8.3%
USAR	USA Rare Earth	2.3	34.5%	92.0%
BETR	Better Home & Finance	0.7	34.0%	42.9%
BAND	Bandwidth	0.7	32.3%	53.7%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
IIIN	Insteel Industries	0.5	-34.3%	-21.9%
QDEL	QuidelOrtho	0.8	-30.5%	-57.8%
ANAB	AnaptysBio	1.4	-26.2%	6.9%
BMI	Badger Meter	3.6	-25.1%	-30.5%
AGIO	Agios Pharmaceuticals	1.5	-21.1%	-3.4%
LCID	Lucid	2.3	-19.2%	-32.7%
IAG	Iamgold	9.7	-18.4%	2.1%
MDXG	MiMedx	0.5	-18.4%	-52.7%
ORLA	Orla Mining	4.8	-18.3%	8.1%
WASH	Washington Trust Bancorp	0.6	-17.7%	5.2%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
BCPC	Balchem	5.6	647.6%	14.6%
CAR	Avis Budget	25.1	614.7%	456.4%
AEHR	Aehr Test Systems	2.8	171.5%	364.2%
APLS	Apellis Pharmaceuticals	5.2	137.9%	63.0%
SGML	Sigma Lithium	2.4	135.4%	61.4%
CBIO	Crescent Biopharma	0.7	125.4%	107.2%
CODI	Compass Diversified	0.9	111.6%	146.0%
KOD	Kodiak Sciences	2.4	107.4%	65.0%
MXL	MaxLinear	2.9	103.5%	93.3%
SATL	Satellogic	0.9	100.8%	285.6%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
REPL	Replimune	0.2	-73.4%	-80.9%
PIPR	Piper Sandler Cos	6.1	-69.0%	9.5%
VRDN	Viridian Therapeutics	1.3	-47.1%	-54.1%
MAZE	Maze Therapeutics	1.2	-46.5%	-38.0%
BUR	Burford Capital	1.0	-41.2%	-49.2%
WVE	WAVE Life Sciences	1.3	-37.6%	-56.8%
TASK	TaskUs	0.7	-30.5%	-6.2%
FRMI	Fermi	3.0	-29.7%	-36.8%
LCID	Lucid	2.3	-29.3%	-32.7%
BTU	Peabody Energy	3.3	-27.5%	-8.8%

Peer Comparisons

Peers to compare with:

Financials

	CAC	INDB	EBC	WBS	NBTB	CBU	Median
Name	Camden N.	Independ.	Eastern .	Webster .	NBT Banc.	Communit.
Mkt Price	49.16	77.67	20.39	72.23	45.07	62.70	55.93
Mkt Cap	0.8	3.8	4.4	11.6	2.4	3.3	3.6
Rev LTM	248	845	721	2,886	694	818	770
Op Inc LTM	-	-	-	-	-	-	-
FCF LTM	58	239	413	1,009	219	233	236
FCF 3Y Avg	59	237	312	1,105	181	222	229
CFO LTM	64	251	432	1,058	235	302	277
CFO 3Y Avg	64	253	326	1,147	194	258	255

Growth & Margins

	CAC	INDB	EBC	WBS	NBTB	CBU	Median
Name	Camden N.	Independ.	Eastern .	Webster .	NBT Banc.	Communit.
Rev Chg LTM	43.8%	24.5%	-0.5%	11.4%	20.9%	9.6%	16.1%
Rev Chg 3Y Avg	13.1%	6.3%	25.6%	5.4%	10.8%	6.7%	8.7%
Rev Chg Q	43.6%	44.2%	37.3%	11.4%	24.7%	9.9%	31.0%
QoQ Delta Rev Chg LTM	8.8%	9.8%	12.0%	2.7%	5.5%	2.4%	7.2%
Op Inc Chg LTM	-	-	-	-	-	-	-
Op Inc Chg 3Y Avg	-	-	-	-	-	-	-
Op Mgn LTM	-	-	-	-	-	-	-
Op Mgn 3Y Avg	-	-	-	-	-	-	-
QoQ Delta Op Mgn LTM	-	-	-	-	-	-	-
CFO/Rev LTM	25.7%	29.7%	60.0%	36.7%	33.9%	36.9%	35.3%
CFO/Rev 3Y Avg	34.7%	34.0%	61.0%	42.6%	32.4%	34.8%	34.8%
FCF/Rev LTM	23.4%	28.3%	57.3%	35.0%	31.5%	28.5%	30.0%
FCF/Rev 3Y Avg	32.3%	31.8%	58.6%	41.1%	30.3%	30.1%	32.1%

Valuation

	CAC	INDB	EBC	WBS	NBTB	CBU	Median
Name	Camden N.	Independ.	Eastern .	Webster .	NBT Banc.	Communit.
Mkt Cap	0.8	3.8	4.4	11.6	2.4	3.3	3.6
P/S	3.4	4.5	6.1	4.0	3.4	4.0	4.0
P/Op Inc	-	-	-	-	-	-	-
P/EBIT	-	-	-	-	-	-	-
P/E	12.8	18.7	49.8	11.5	13.9	15.7	14.8
P/CFO	13.0	15.3	10.2	10.9	10.0	10.9	10.9
Total Yield	11.3%	8.0%	4.4%	11.0%	10.3%	9.3%	9.8%
Dividend Yield	3.4%	2.7%	2.4%	2.3%	3.1%	3.0%	2.8%
FCF Yield 3Y Avg	9.6%	7.8%	9.7%	11.8%	8.5%	7.4%	9.0%
D/E	0.5	0.2	0.0	0.3	0.1	0.1	0.2
Net D/E	-0.7	-0.1	-0.0	0.1	-0.2	-0.7	-0.2

Returns

	CAC	INDB	EBC	WBS	NBTB	CBU	Median
Name	Camden N.	Independ.	Eastern .	Webster .	NBT Banc.	Communit.
1M Rtn	9.5%	4.9%	8.9%	6.5%	10.7%	11.4%	9.2%
3M Rtn	11.2%	3.9%	7.1%	14.6%	5.6%	3.7%	6.3%
6M Rtn	35.3%	14.6%	11.2%	30.4%	12.5%	13.4%	14.0%
12M Rtn	36.9%	47.1%	43.8%	66.7%	17.6%	23.2%	40.4%
3Y Rtn	68.6%	46.4%	91.3%	106.2%	50.2%	47.0%	59.4%
1M Excs Rtn	0.9%	-3.7%	0.4%	-2.0%	2.1%	2.8%	0.7%
3M Excs Rtn	7.3%	-0.0%	3.2%	10.6%	1.6%	-0.3%	2.4%
6M Excs Rtn	34.2%	13.2%	7.8%	28.8%	8.3%	8.5%	10.9%
12M Excs Rtn	1.6%	10.2%	9.0%	30.8%	-16.4%	-12.4%	5.3%
3Y Excs Rtn	-2.3%	-29.4%	21.9%	43.4%	-22.8%	-24.1%	-12.5%

FDIC Bank Data

Bank Capital

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Bank Deposits

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Bank Assets

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Bank Loans

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FDA Approved Drugs Data

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Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2025	2024	2023	2022	2021	2020
Period End	12/31/2025	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020
Filing Date	3/6/2026	3/6/2026	3/7/2025	3/8/2024	3/10/2023	3/11/2022	3/15/2021
Key Financials
Total Revenue	248	248	173	156	184	183	183
Net Income	65	65	53	43	61	69	59
EPS	3.86	3.86	3.63	2.98	4.18	4.62	3.96
Growth Rates
Total Revenue Growth	43.8%	43.8%	10.4%	-14.9%	0.5%	-0.1%	10.2%
Net Income Growth	22.9%	22.9%	22.2%	-29.4%	-11.0%	16.0%	4.0%
Margins
Net Income Margin	26.2%	26.2%	30.7%	27.8%	33.4%	37.7%	32.5%
Cash & Debt
Total Cash	1,007	1,007	809	726	771	1,728	1,262
Total Debt	390	390	369	329	113	44	84
Net Debt / (Cash)	-617	-617	-439	-396	-658	-1,684	-1,177
Cash Flows
Net Cash from Operations	64	64	61	68	105	143	18
Free Cash from Operations	58	58	55	65	103	141	15
Returns to Shareholders
Dividends	28	28	25	25	24	21	20
Share Repurchases	-0	-0	2	2	10	10	10

$ Mil \| FY: 12/31	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1
Period End	12/31/2025	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023
Filing Date	3/6/2026	11/6/2025	8/7/2025	5/8/2025	3/7/2025	11/7/2024	8/8/2024	5/8/2024	3/8/2024	11/7/2023	8/9/2023	5/9/2023
Key Financials Quarterly
Total Revenue	66	63	61	58	46	44	42	41	37	36	42	41
Net Income	23	21	14	7	15	13	12	13	8	10	12	13
EPS	1.34	1.25	0.84	0.43	1.01	0.90	0.82	0.91	0.58	0.67	0.85	0.87
Key Financials TTM
Total Revenue TTM	248	228	209	190	173	164	156	156	156	165	175	180
Net Income TTM	65	57	49	47	53	47	44	44	43	50	55	57
Growth Rates Quarterly
Total Revenue Growth	43.6%	44.4%	45.8%	41.5%	23.8%	20.1%	-0.0%	0.3%	-18.4%	-21.9%	-10.7%	-8.9%
Net Income Growth	53.8%	62.1%	17.4%	-44.8%	72.9%	33.6%	-3.2%	4.3%	-44.8%	-31.4%	-17.5%	-24.2%
Margins Quarterly
Net Income Margin	34.0%	33.7%	23.3%	12.6%	31.7%	30.0%	28.9%	32.2%	22.7%	26.9%	29.8%	31.0%
Cash & Debt
Total Cash	1,007	967	953	1,034	809	718	661	754	726	742	683	691
Total Debt	390	556	420	386	369	369	392	444	329	304	299	334
Net Debt / (Cash)	-617	-411	-532	-648	-439	-348	-268	-310	-396	-438	-383	-357
Cash Flows Quarterly
FCF from Operations	21	36	6	1	43	-15	14	18	-11	47	17	15
Cash Flows TTM
FCF from Operations TTM	64	86	36	44	61	6	68	71	68	99	67	77
Returns to Shareholders Quarterly
Dividends	7	7	7	7	6	6	6	6	6	6	6	6
Share Repurchases	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	2	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	-	-	-	-	-	-	-	-	-	-	-	-
Return on Invested Capital (ROIC) TTM
ROIC TTM	-	-	-	-	-	-	-	-	-	-	-	-

Segment Financials

Revenue by Segment

$ Mil	2025	2024	2023	2022	2021
Single Segment	173	156	184	183	183
Total	173	156	184	183	183

Price Behavior

Price Behavior

Market Price	$49.16
Market Cap ($ Bil)	0.8
First Trading Date	10/08/1997
Distance from 52W High	-4.0%
	50 Days	200 Days
DMA Price	$47.64	$42.17
DMA Trend	up	up
Distance from DMA	3.2%	16.6%
	3M	1YR
Volatility	31.6%	29.5%
Downside Capture	0.15	0.44
Upside Capture	131.11	104.80
Correlation (SPY)	32.5%	41.5%

CAC Betas & Captures as of 3/31/2026

	1M	2M	3M	6M	1Y	3Y
Beta	0.49	0.61	0.87	0.80	0.78	0.90
Up Beta	1.06	0.26	1.66	0.97	0.65	0.94
Down Beta	-0.17	0.21	0.32	0.65	0.78	0.73
Up Capture	118%	105%	139%	120%	93%	88%
Bmk +ve Days	7	16	27	65	139	424
Stock +ve Days	11	21	31	67	128	366
Down Capture	36%	61%	68%	59%	94%	99%
Bmk -ve Days	12	23	33	58	110	323
Stock -ve Days	11	20	31	58	123	382

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with CAC
CAC	35.5%	29.5%	1.03	-
Sector ETF (XLF)	13.3%	15.2%	0.62	55.6%
Equity (SPY)	23.7%	12.7%	1.52	42.4%
Gold (GLD)	41.4%	27.5%	1.25	-10.4%
Commodities (DBC)	22.4%	16.2%	1.25	-11.7%
Real Estate (VNQ)	14.2%	13.8%	0.72	28.6%
Bitcoin (BTCUSD)	-10.4%	42.7%	-0.14	20.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with CAC
CAC	5.0%	29.8%	0.19	-
Sector ETF (XLF)	10.1%	18.7%	0.42	56.1%
Equity (SPY)	10.8%	17.1%	0.49	40.4%
Gold (GLD)	21.6%	17.8%	0.99	-1.5%
Commodities (DBC)	10.9%	18.8%	0.47	9.7%
Real Estate (VNQ)	4.1%	18.8%	0.12	38.0%
Bitcoin (BTCUSD)	3.8%	56.4%	0.29	16.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 10-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with CAC
CAC	9.5%	31.9%	0.36	-
Sector ETF (XLF)	13.2%	22.2%	0.55	65.6%
Equity (SPY)	13.9%	17.9%	0.67	49.0%
Gold (GLD)	13.7%	15.9%	0.71	-7.7%
Commodities (DBC)	8.2%	17.6%	0.39	16.3%
Real Estate (VNQ)	5.4%	20.7%	0.23	45.4%
Bitcoin (BTCUSD)	68.0%	66.9%	1.07	15.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date	3312026
Short Interest: Shares Quantity	0.6 Mil
Short Interest: % Change Since 3152026	17.5%
Average Daily Volume	0.1 Mil
Days-to-Cover Short Interest	5.9 days
Basic Shares Quantity	16.9 Mil
Short % of Basic Shares	3.7%

Returns Analyses

	Title
0	Is Camden National Stock Built to Withstand a Pullback?

Earnings Returns History

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	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
1/27/2026	0.4%	4.2%	2.2%
10/28/2025	1.6%	3.7%	11.9%
7/29/2025	-10.2%	-10.6%	-1.6%
5/6/2025	-0.6%	3.5%	-2.0%
1/28/2025	2.2%	-0.1%	-2.0%
10/29/2024	1.8%	1.2%	15.4%
7/30/2024	3.3%	-7.7%	-1.6%
4/30/2024	3.5%	6.4%	5.7%
...
SUMMARY STATS
# Positive	11	11	12
# Negative	13	13	12
Median Positive	2.0%	3.5%	8.8%
Median Negative	-1.9%	-1.6%	-2.0%
Max Positive	4.7%	14.3%	21.0%
Max Negative	-10.2%	-11.0%	-16.2%

	Forward Returns
1/27/2026	0.4%	4.2%	2.2%
10/28/2025	1.6%	3.7%	11.9%
7/29/2025	-10.2%	-10.6%	-1.6%
5/6/2025	-0.6%	3.5%	-2.0%
1/28/2025	2.2%	-0.1%	-2.0%
10/29/2024	1.8%	1.2%	15.4%
7/30/2024	3.3%	-7.7%	-1.6%
4/30/2024	3.5%	6.4%	5.7%
1/30/2024	-1.3%	-11.0%	-16.2%
10/31/2023	2.3%	14.3%	21.0%
7/25/2023	-0.2%	1.5%	-4.1%
4/25/2023	-2.9%	-4.4%	-4.5%
1/31/2023	1.6%	0.5%	-0.4%
10/25/2022	-2.7%	-0.8%	-0.8%
7/26/2022	-1.9%	-0.8%	1.5%
4/26/2022	-0.0%	-4.4%	-7.3%
1/25/2022	2.0%	-0.9%	-5.7%
10/26/2021	-3.1%	-0.4%	0.7%
7/27/2021	-1.3%	-1.6%	3.5%
4/27/2021	-0.2%	2.2%	-1.7%
1/26/2021	0.6%	1.2%	13.5%
10/27/2020	-3.0%	-0.7%	14.8%
7/28/2020	-2.8%	-3.5%	2.0%
4/28/2020	4.7%	4.0%	17.0%
SUMMARY STATS
# Positive	11	11	12
# Negative	13	13	12
Median Positive	2.0%	3.5%	8.8%
Median Negative	-1.9%	-1.6%	-2.0%
Max Positive	4.7%	14.3%	21.0%
Max Negative	-10.2%	-11.0%	-16.2%

SEC Filings

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Report Date	Filing Date	Filing
12/31/2025	03/06/2026	10-K
09/30/2025	11/06/2025	10-Q
06/30/2025	08/07/2025	10-Q
03/31/2025	05/08/2025	10-Q
12/31/2024	03/07/2025	10-K
09/30/2024	11/07/2024	10-Q
06/30/2024	08/08/2024	10-Q
03/31/2024	05/08/2024	10-Q
12/31/2023	03/08/2024	10-K
09/30/2023	11/07/2023	10-Q
06/30/2023	08/09/2023	10-Q
03/31/2023	05/09/2023	10-Q
12/31/2022	03/10/2023	10-K
09/30/2022	11/03/2022	10-Q
06/30/2022	08/04/2022	10-Q
03/31/2022	05/05/2022	10-Q

Recent Forward Guidance [BETA]

Latest: Q4 2025 Earnings Reported 1/27/2026

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Prior: Q3 2025 Earnings Reported 10/28/2025

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Insider Activity

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#	Owner	Title	Holding	Action	Filing Date	Price	Shares	Transacted Value	Value of Held Shares	Form
1	Maxwell, Raina		Direct	Buy	5302025	40.09	103	4,113	22,555	Form

CAC Trade Sentinel

Stock Conviction

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CONVICTION RATIONALE

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STOCK ARCHETYPE

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INVESTMENT THESIS

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Mechanism: null

Supporting Evidence:

PRIMARY RISK

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Mechanism: null

Supporting Evidence:

Key KPI Watchlist

KPI	Threshold	Rationale

Core Investment Debate

BULL VIEW

CORE TENSION

PREVAILING SENTIMENT

BEAR VIEW

Next 6 months: Risks and Catalysts

Timeline	Event & Metric To Watch

Key Events in Last 6 Months

Date	Event	Stock Impact

Risk Management

Position Sizing

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Diversification Alternatives

How Is The Market Pricing CAC?

What will confirm the thesis

What will damage the thesis

Noise: Real but irrelevant to thesis

Repricing Catalyst

What CAC Makes & Who Pays

TTM figures based on

CAC Evolution: Price Return by Era

① Structure

② Volume / Momentum

③ Catalyst

Combined Score

0 / 12

1 Price Structure & Trend · ▾

2 Momentum ▾

3 Relative Strength vs. SPY ▾

4 Institutional Footprint & Volume ▾

5 Volatility ▾

6 Key Price Levels Range · Vol ▾

7 Earnings Reaction History ▾

8 How the Verdict Is Derived Three Pillars ▾

Pillar	Score
① Structure	0
② Vol / Mom	0
③ Catalyst	0

ℹ Bull Pillars: 0 · Bear Pillars: 0 · Combined Score: 0 →

Industry Resources

Financials Resources

Federal Reserve Economic Data

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Camden National (CAC)

Market Price (4/22/2026): $49.15 | Market Cap: $831.8 MilSector: Financials | Industry: Regional Banks

Camden National (CAC)

Market Price (4/22/2026): $49.15Market Cap: $831.8 MilSector: FinancialsIndustry: Regional Banks

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

About Camden National (CAC)

1. Intensified Competition and Interest Rate Sensitivity

2. Commercial Real Estate (CRE) Exposure

3. Integration Risks from Acquisitions

Addressable Markets for Camden National (CAC)

Interactive Breakdown

Better Bets vs. Camden National (CAC)

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FDIC Bank Data

Bank Capital

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FDA Approved Drugs Data

Financials

Segment Financials

Price Behavior

Based On 1-Year Data

Based On 5-Year Data

Based On 10-Year Data

Short Interest

Returns Analyses

Earnings Returns History

SEC Filings

Recent Forward Guidance [BETA]

Insider Activity

CAC Trade Sentinel

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CONVICTION RATIONALE

STOCK ARCHETYPE

INVESTMENT THESIS

PRIMARY RISK

BULL VIEW

CORE TENSION

PREVAILING SENTIMENT

BEAR VIEW

Position Sizing

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Market Price (4/22/2026): $49.15 | Market Cap: $831.8 Mil
Sector: Financials | Industry: Regional Banks

Market Price (4/22/2026): $49.15
Market Cap: $831.8 Mil
Sector: Financials
Industry: Regional Banks