Camden National (CAC) Tops Q4 EPS by 3c

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Go back to Camden National (CAC) Tops Q4 EPS by 3c

Camden National Corporation Reports 2016 Net Income Of $40.1 Million And Earnings Per Share Of $2.57

January 31, 2017 8:31 AM EST

CAMDEN, Maine, Jan. 31, 2017 /PRNewswire/ -- Camden National Corporation (NASDAQ: CAC; "Camden National" or the "Company"), a $3.9 billion bank holding company headquartered in Camden, Maine, reported net income for the fourth quarter of 2016 of $10.9 million and diluted earnings per share ("EPS")1 of $0.70 per share, which was consistent with the previous quarter's performance.

For the year ended December 31, 2016, the Company reported net income of $40.1 million and diluted EPS of $2.57, representing a 91% increase in net income and a 49% increase in diluted EPS over last year. The Company's return on average assets and return on average equity for the year ended... More