Camden National (CAC) Tops Q1 EPS by 30c

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Go back to Camden National (CAC) Tops Q1 EPS by 30c

Camden National Corporation Reports First Quarter 2021 Financial Results

April 27, 2021 8:42 AM EDT

CAMDEN, Maine, April 27, 2021 /PRNewswire/ -- Camden National Corporation (NASDAQ: CAC; "Camden National" or the "Company"), a $5.1 billion bank holding company headquartered in Camden, Maine, reported net income of $19.7 million and diluted earnings per share ("EPS") of $1.31 for the first quarter of 2021, increases of 46% and 47% over the first quarter of 2020, respectively. On a linked-quarter basis, the Company's first quarter 2021 net income and diluted EPS increased 8% and 7% over the fourth quarter of 2020, respectively. These strong financial results led to a return on average equity of 15.00% and a return on average tangible equity (non-GAAP) of 18.47% for the first quarter... More