Camden National (CAC) Tops Q3 EPS by 4c, Revenues Beat

Camden National (NASDAQ: CAC) reported Q3 EPS of $0.90, $0.04 better than the analyst estimate of $0.86. Revenue for the quarter came in at $40.8 million versus the consensus estimate of $40.19 million.

"Our ability to execute successfully on retail, business and treasury management initiatives has helped us reach a financial milestone as we report record earnings for the third quarter," said Gregory A. Dufour, President and Chief Executive Officer of the Company. "We are very pleased with our year-to-date financial results, which include net income and diluted EPS growth of 24% over the same period last year, solid loan growth of 5%, deposit growth of 7% and strong overall asset quality across our portfolio."

"In July, we announced Marie McCarthy was appointed as a member of the Company\'s Board of Directors," said Dufour. "We are thrilled to have Marie join the Company. Her knowledge and experience serving as Chief Operations and People Officer of L.L.Bean will prove beneficial as we work towards our strategic goals, including strong customer satisfaction, high employee engagement and creation of long-term shareholder value. As a result of Marie\'s appointment, four members of our 11-member Board of Directors are women, reflecting the Company\'s commitment to diversity."

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

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