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

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

Camden National Corporation Reports A 24% Increase In Third Quarter 2018 Earnings

October 30, 2018 8:30 AM EDT

CAMDEN, Maine, Oct. 30, 2018 /PRNewswire/ -- Camden National Corporation (NASDAQ: CAC; "Camden National" or the "Company"), a $4.2 billion bank holding company headquartered in Camden, Maine, reported net income for the third quarter of 2018 of $14.1 million and diluted earnings per share ("EPS") of $0.90, representing increases over the third quarter of 2017 of 24% and 25%, respectively. For the third quarter of 2018, the Company's return on average assets was 1.34%, return on average equity was 13.44% and efficiency ratio1 was 57.33%.

"Our ability to execute successfully on retail, business and treasury management initiatives has helped us reach a financial milestone as we report... More