Camden National (CAC) Reports In-Line Q1 EPS, Slight Miss on Revenue

Camden National (NASDAQ: CAC) reported Q1 EPS of $0.64, in-line with the analyst estimate of $0.64. Revenue for the quarter came in at $36.4 million versus the consensus estimate of $37.7 million.

FIRST QUARTER 2017 FINANCIAL HIGHLIGHTS

• Net income increased $1.4 million, or 17%, to $10.1 million compared to the first quarter of 2016, and decreased $826,000, or 8%, compared to last quarter.
• Diluted EPS increased $0.08 per share, or 14%, to $0.64 per share compared to the first quarter of 2016, and decreased $0.06 per share, or 9%, compared to last quarter.
• The return on average assets was 1.05% and on average tangible equity1 was 14.37%, and the efficiency ratio1 was 58.00% for the first quarter.
• Loan growth (excluding loans held for sale) for the first quarter of 2017 was 2% (8% annualized).

For earnings history and earnings-related data on Camden National (CAC) click here.

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