**Camden National Corp. Reports Strong Financial Performance in 2025**
Camden National Corporation (NASDAQ: CAC) reported a net income of $65.2 million for the year ended December 31, 2025, a 23% increase compared to the $53.0 million reported in 2024. Diluted earnings per share (EPS) also saw an increase, reaching $3.84 compared to $3.62 in the previous year. The company's primary revenue source, net interest income, totaled $203.3 million, representing 79% of total revenues. This increase in profitability is attributed to a combination of strategic initiatives and favorable market conditions.
A significant development for Camden National in 2025 was the acquisition of Northway Financial, Inc., completed on January 2. This acquisition added $971.9 million in deposits and $1.2 billion in total assets to Camden National's balance sheet, expanding its presence in New Hampshire with the addition of 17 branches. The integration of Northway's operations and systems was completed in mid-March, allowing the company to realize cost synergies and leverage the strengths of both institutions. The company's total assets reached $7.0 billion at the end of 2025, reflecting a five-year compounded annual asset growth rate of 7%.
Key operational developments included a focus on improving net interest margin, which increased from 3.04% in the first quarter to 3.29% in the fourth quarter of 2025. Excluding purchase accounting accretion income, the core net interest margin also improved from 2.68% to 2.92% over the same period. The company's commitment to community engagement remained strong, with continued support for local communities through lending, philanthropy, and employee volunteerism. The company's employee headcount stood at 683 as of December 31, 2025.
Looking ahead, Camden National plans to continue focusing on organic growth, particularly in Southern Maine and New Hampshire, while also pursuing attractive acquisition opportunities. The company aims to generate consistent, sustainable long-term value for its shareholders, customers, employees, and communities. The company's Board of Directors authorized the repurchase of up to 850,000 shares of the Company's common stock, representing approximately 5.0% of the Company's issued and outstanding shares of common stock as of December 31, 2025.
About CAMDEN NATIONAL CORP
Camden National Corporation is a Maine-based bank holding company providing comprehensive financial services through its subsidiary, Camden National Bank. It serves individuals, businesses, municipalities, and non-profits across Northern New England, offering deposit accounts, loans, wealth management, trust, brokerage, investment advisory, and insurance services. The company emphasizes personalized, relationship-driven banking combined with digital platforms, focusing on community engagement, local decision-making, and sustainable, long-term growth.
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