Quarterly Earnings Discourse for Camden National Corporation (CAC) during Q2 of 2025, presented in a written format.

Camden National Corporation (CAC) reported robust Q2 2025 earnings with a net income of $14.1 million and diluted EPS of $0.83, marking a 92% and 93% increase respectively over Q1 2025. This quarter was the first full quarter post-acquisition of Northway Financial, and the company highlighted successful cost synergies and revenue growth, including a slight expansion in net interest margin to 3.06%.

The conference call for Camden National Corporation's second quarter of 2025 commenced on July 29, 2025, at 3:00 PM ET. The call was hosted by Simon R. Griffiths, President and CEO of Camden National Corporation, and included participation from Stephen M. Moss of Raymond James & Associates, Inc., Research Division, Matthew M. Breese of Stephens Inc., Research Division, and Michael R. Archer, Executive Vice President & CFO of Camden National Corporation. The call was operated by an individual named Elliot.

Despite strong earnings growth, the EPS of $0.83 fell short of some analyst expectations, which had pegged adjusted diluted EPS estimates around $1.12. However, revenue beat estimates due to a 1% increase in net interest income and a 17% rise in non-interest income, driven by mortgage banking, debit card income, and bank-owned life insurance. Total assets reported were $6.9 billion, slightly down 1% from the prior quarter.

CEO Simon Griffiths emphasized the strategic value of the Northway acquisition and expressed optimism about continued net interest margin expansion and earnings growth in the second half of 2025. Market reaction was cautiously positive, with the stock gaining approximately 3% in pre-market trading immediately following the release, though some caution remains due to the EPS miss and unclear explicit forward guidance from the company itself.

Key Points from Q2 2025 Earnings and Outlook

| Category | Q2 2025 Result | Commentary | |-------------------------------|------------------------------------------------|-----------------------------------------------------| | Net Income | $14.1 million | 92% increase QoQ, strong growth post-acquisition | | Diluted EPS | $0.83 | 93% increase QoQ but below analyst consensus | | Net Interest Margin | 3.06% (2 bps increase QoQ); Core NIM 2.70% | Reflects successful margin expansion | | Assets | $6.9 billion (down 1% QoQ) | Stable post Northway merger | | Non-interest income | +17% QoQ | Driven by mortgage banking, debit card, insurance | | Market Reaction | +2.97% pre-market gain post-release | Mixed sentiment due to EPS miss | | CEO Commentary | Positive on integration, cost synergies & growth| Focused on second-half momentum |

The earnings call transcript and detailed discussions provide further insights into the integration progress and financial performance but do not contain explicit forward guidance beyond a bullish outlook on profit margins.

It's important to note that cautionary language regarding these forward-looking statements is contained in the second quarter 2025 earnings release issued this morning and in other reports filed with the SEC. All relevant materials and public filings are available on Camden National Corporation's Investor Relations website at camdennational.bank.

Reneé D. Smyth, the Executive Vice President and Chief Experience & Marketing Officer of Camden National Corporation, is currently speaking in the call.

[1] Camden National Corporation. (2025). Press release: Camden National Corporation Reports Second Quarter 2025 Earnings. Retrieved from https://investor.camdennational.bank/news-releases/news-release-details/camden-national-corporation-reports-second-quarter-2025-earnings

[2] Camden National Corporation. (2025). Quarterly Financial Data. Retrieved from https://investor.camdennational.bank/financial-information/quarterly-financial-data

[3] Yahoo Finance. (2025). CAC - Camden National Corporation. Retrieved from https://finance.yahoo.com/quote/CAC?p=CAC

[4] Camden National Corporation. (2025). Investor Presentation - Second Quarter 2025 Earnings Call. Retrieved from https://investor.camdennational.bank/static-files/f61b32ba-9b1e-441e-8d4e-e5b228f25348

[5] Seeking Alpha. (2025). Camden National Corporation (CAC) Q2 2025 Earnings Call Transcript. Retrieved from https://seekingalpha.com/news/3779169-camden-national-corporation-cac-q2-2025-earnings-call-transcript

Camden National Corporation's robust Q2 2025 earnings growth, driven in part by the integration of Northway Financial, has prompted the company to focus on further expanding net interest margins and earning growth in the second half of 2025.
For those interested in investing in Camden National Corporation, the company encourages one to review their Q2 2025 earnings report, available on their Investor Relations website, for detailed financial information, including net income, diluted EPS, non-interest income, assets, and net interest margin.

Quarterly Earnings Discourse for Camden National Corporation (CAC) during Q2 of 2025, presented in a written format.