Overview

* Camden National ( CAC ) Q2 net income rises 92% qtr/qtr to $14.1 mln

* Diluted EPS for Q2 increases 93% qtr/qtr to $0.83

* Co achieved cost synergies and revenue growth post-Northway acquisition

Outlook

* Camden National expects net interest margin expansion in H2 2025

* Company anticipates earnings growth in the second half of 2025

* Camden National ( CAC ) sees operating expenses improving due to cost savings

* Company expects resolution of a commercial loan issue in H2 2025

Result Drivers

* NORTHWAY ACQUISITION - Co attributes Q2 results to cost synergies and revenue growth following Northway Financial acquisition

* NET INTEREST MARGIN - Slight increase in net interest margin to 3.06% contributed to improved financial performance

* LOAN GROWTH - Loans grew 4% on an annualized basis, with strong committed loan pipelines

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 EPS $0.83

Q2 Net $14.08

Income mln

Q2 Net $49.20

Interest mln

Income

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the banks peer group is "buy."

* Wall Street's median 12-month price target for Camden National Corp ( CAC ) is $48.00, about 13.6% above its July 28 closing price of $41.46

* The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)