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Last $39.99 USD
Change Today -0.04 / -0.10%
Volume 13.9K
As of 8:10 PM 08/4/15 All times are local (Market data is delayed by at least 15 minutes).

camden national corp (CAC) Key Developments

Camden National Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Camden National Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total interest income of $23,657,000 compared to $22,284,000 a year ago. Net interest income was $20,635,000 compared to $19,243,000 a year ago. Income before income taxes was $10,534,000 compared to $9,317,000 a year ago. Net income was $7,193,000 or $0.96 per diluted share compared to $6,316,000 or $0.85 per diluted share a year ago. Core operating earnings were $7,308,000 compared to $6,131,000 a year ago. Core basic EPS was $0.98 compared to $0.83 a year ago. Return on average assets, as presented was 1.02% compared to 0.95% a year ago. Core return on average assets was 1.04% compared to 0.92% a year ago. Return on average equity, as presented was 11.35 % compared to 10.92 % a year ago. Core return on average equity was 11.53 % compared to 10.60 % a year ago. For the six months period, the company reported total interest income of $46,105,000 compared to $43,675,000 a year ago. Net interest income was $40,069,000 compared to $37,651,000 a year ago. Income before income taxes was $18,868,000 compared to $17,794,000 a year ago. Net income was $12,804,000 or $1.71 per diluted share compared to $12,031,000 or $1.60 per diluted share a year ago. Book value per share as at June 30, 2015 was $34.17 compared to $32.03 a year ago. Tangible book value per share as at June 30, 2015 was $27.78 compared to $25.46 a year ago. Core operating earnings were $13,572,000 compared to $11,738,000 a year ago. Core basic EPS was $1.82 compared to $1.56 a year ago. Return on average assets, as presented was 0.92% compared to 0.92% a year ago. Core return on average assets was 0.98 % compared to 0.90% a year ago. Return on average equity, as presented was 10.29% compared to 10.45 % a year ago. Core return on average equity was 10.90% compared to 10.19 % a year ago.

Camden National Corporation Declares Dividend, Payable on July 31, 2015

Camden National Corporation announced that the board of directors of the company declared a dividend of $0.30 per share payable on July 31, 2015, for shareholders of record on July 15, 2015.

Camden National Corp. Appoints McGladrey LLP as Independent Registered Public Accounting Firm for the Year Ending December 31, 2015

Camden National Corp. announced at the AGM held on April 28, 2015, the shareholders appointed McGladrey LLP as the company's independent registered public accounting firm for the year ending December 31, 2015.

Camden National Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reports Net Charge - Offs for the First Quarter Ended March 31, 2015

Camden National Corporation announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, total interest income was $22,451,000 against $21,393,000 a year ago. Net interest income after provision for credit losses was $18,991,000 against $17,917,000 a year ago. Net interest income was $19,437,000 against $18,410,000 a year ago. Income before income taxes was $8,334,000 against $8,477,000 a year ago. Net income was $5,611,000 against $5,715,000 year ago. The decrease in net income for the quarter is due to the costs associated with the announcement of the merger of Camden National and SBM totaling $735,000. Excluding these costs and associated taxes, core operating earnings for the first quarter of 2015 was $6.3 million, representing an increase in core operating earnings over the first quarter of 2014 of $657,000. Diluted earnings per share were $0.75 against $0.75 a year ago. Adjusted net interest income plus non-interest income was $25,927,000 against $24,127,000 a year ago. Tangible book value per share was $27.41 against $24.38 a year ago. Book value per share was $33.85 as at March 31, 2015. Core operating earnings was $6,264,000 against $5,607,000 a year ago. Core diluted EPS was $0.84 against $0.74 a year ago. Return on average assets, as presented was 0.82% against 0.89% a year ago. Core return on average assets was 0.91% against 0.87% a year ago. Return on average shareholders' equity, as presented was 9.19% against 9.97% a year ago. Core return on average shareholders' equity was 10.25% against 9.78% a year ago. For the quarter, the company reported net charge offs of $291,000 against $412,000 a year ago.

Camden National Corporation Announces Quarterly Dividend Payable on April 30, 2015

Camden National Corporation announced that the board of directors of the Company declared a dividend of $0.30 per share payable on April 30, 2015, for shareholders of record on April 16, 2015.

 

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Valuation CAC Industry Range
Price/Earnings 11.8x
Price/Sales 2.9x
Price/Book 1.2x
Price/Cash Flow 11.8x
TEV/Sales NM Not Meaningful
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