CAC
CAMDEN NATIONAL CORP
Next earnings Jul 27, 2026 · consensus $1.30 EPS, $67.5M rev
Last earnings +0.5% on 2026-04-28
$54.33
▲ +2.26%$54.33▲ +42.13%
over 1Y
L $34.83EODHDH $54.33
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+2.3%
1W+4.8%
1M+8.5%
3M+18.6%
YTD+28.5%
1Y+42.1%
Hold
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 8 analysts
Buy
Solid New England community bank digesting a sizable acquisition at a fair, not cheap, ~1.3x book and 13.8x earnings — own, don't chase.
Diluted EPS $3.84 · FY2025
The read
Middling fundamentals offset by an attractive price (~169% below fair value) — worth a look on the value angle.
Camden National's FY2025 results are dominated by a closed acquisition: total assets jumped 20.1% to $6.97B, loans rose ~21% to $4.97B, goodwill nearly doubled to $151.5M and core deposit intangibles ballooned from $0.4M to $42.6M, with $9.3M of explicit M&A costs and a 16% jump in share count to 16.9M. The deal is working at the top line — net interest income surged from $132.5M to $203.3M and non-interest income climbed to $52.5M — but the cost of getting there shows up everywhere: provision for credit losses swung from a $0.4M credit to a $22.3M charge (Day-1 CECL on acquired loans is the most plausible read given the loan growth), salaries jumped 25%, CDI amortization ran $5.9M, and a $10.3M loss on securities sales suggests a balance-sheet restructuring around the deal. Diluted EPS still grew, but only +6.1% to $3.84 because earnings were spread across many more shares.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $32.0M | $33.3M | $33.6M | $35.7M | $41.7M |
| Gross profit | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Net income | $69.0M | $61.4M | $43.4M | $53.0M | $65.2M |
| Diluted EPS | $4.60 | $4.17 | $2.97 | $3.62 | $3.84 |
| Net margin | 216.0% | 184.6% | 129.2% | 148.5% | 156.1% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value—
EV / EBITDA—
EV / Sales—
EV / FCF—
P / FCF15.8
PEG (trailing)0.62
Earnings yield7.1%
FCF yield6.3%
Quality & risk
ROIC (est.)—
Free cash flow$58.2M
Total debt$593M
Net cash-$495M
Piotroski F-Score4/7
Capital returns
Buyback yield0.0%
Dividend yield (est.)3.1%
Shareholder yield3.1%
Shares Δ YoY+0.4%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has been improving.
- 8-K Reg FD disclosure2026-06-18
Reg FD investor disclosure (likely conference/dividend slide); no financial change
- 8-K Shareholder vote2026-05-21
Annual meeting voting results filed; routine governance disclosure
- 8-K Officer / director change2026-05-11
Officer/director change disclosed; leadership transition, no financial impact
- 10-Q Quarterly report2026-05-07
Q1 2026 10-Q: equity $697M, loans $4.97B; capital build continues
- 8-K Earnings results2026-04-28
Q1 2026 earnings release; post-Northway run-rate continues to lift NII
- DEF 14A Proxy statement2026-04-03
2026 proxy: routine board slate and say-on-pay; no governance red flags
- 8-K Other event2026-03-31
Other-event disclosure (Item 8.01); informational, no material P&L change
- 10-K Annual report2026-03-06
FY25 10-K: NI $65M, assets $6.97B (+20%); first full year with Northway
- 8-K Earnings results2026-01-27
Q4/FY25 earnings: EPS $3.84, NII $203M (+54%), driven by Northway add
Recent filings
all on EDGAR ↗4Period ending 2026-06-182026-06-23open ↗4Period ending 2026-06-182026-06-23open ↗4Period ending 2026-06-182026-06-23open ↗4Period ending 2026-06-182026-06-23open ↗8-KPeriod ending 2026-06-182026-06-18open ↗4Period ending 2026-06-012026-06-03open ↗4Period ending 2026-06-012026-06-03open ↗4Period ending 2026-06-012026-06-03open ↗4Period ending 2026-06-012026-06-03open ↗4Period ending 2026-06-012026-06-03open ↗4Period ending 2026-06-012026-06-03open ↗4Period ending 2026-06-012026-06-03open ↗
Frequently asked
- Is CAMDEN NATIONAL CORP (CAC) a buy?
- CAC currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. Solid New England community bank digesting a sizable acquisition at a fair, not cheap, ~1.3x book and 13.8x earnings — own, don't chase.
- What is CAC's fair value?
- A Modified-Graham model based on CAC's SEC fundamentals estimates a fair value of about $145.92. It is an estimate from reported earnings, not a price target.
- Is CAC overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, CAC currently appears undervalued relative to its SEC-grounded earnings power.
- What is CAMDEN NATIONAL CORP's quality score?
- CAC scores 74.70588235294117/100 (grade B) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0000750686, latest 10-Q filed 2026-05-07) · EODHD · analysis by claude-code · as of 6/25/2026, 2:42:31 PM.
Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.