Company profile

Ticker
CAC
Exchange
CEO
Gregory A. Dufour
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
SEC CIK
IRS number
10413282

CAC stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

7 May 20
8 Jul 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 6.7M 41.55M 42.52M 42.44M
Net income 13.49M 15.24M 14.49M 13.2M
Diluted EPS 0.89 0.99 0.94 0.85
Net profit margin 202% 36.67% 34.07% 31.11%
Net change in cash -21.43M -61.9M 51.3M -53.33M
Cash on hand 54.21M 75.64M 137.53M 86.24M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 28.33M 26.82M 136.1M 129.63M
Net income 57.2M 53.07M 28.48M 40.07M
Diluted EPS 3.69 3.39 1.82 2.57
Net profit margin 202% 198% 20.92% 30.91%
Net change in cash 8.64M -35.97M 52.67M 7.4M
Cash on hand 75.64M 67M 102.97M 50.3M

Financial data from company earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
20 Jun 20 McCarthy Marie J Common Stock Grant Aquire A No 33.01 212 7K 2,796.7
20 Jun 20 Sterrs Lawrence J Common Stock Grant Aquire A No 33.01 146 4.82K 6,135.22
20 Jun 20 Flanagan David C Common Stock Grant Aquire A No 33.01 368 12.15K 15,193.78
20 Jun 20 Soderberg Carl John Common Stock Grant Aquire A No 33.01 272 8.98K 71,310.13
20 Jun 20 Denekas Craig N Common Stock Grant Aquire A No 33.01 317 10.46K 4,314
66.3% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 122 133 -8.3%
Opened positions 11 16 -31.3%
Closed positions 22 11 +100.0%
Increased positions 27 46 -41.3%
Reduced positions 51 35 +45.7%
13F shares
Current Prev Q Change
Total value 457.42M 1.13B -59.4%
Total shares 9.91M 9.97M -0.6%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
FMR 1.36M $42.83M +28.9%
BLK BlackRock 1.23M $38.64M -0.3%
Dimensional Fund Advisors 807.71K $25.4M -1.0%
Vanguard 740.81K $23.3M +1.2%
Renaissance Technologies 469.05K $14.75M -4.1%
Royce & Associates 433.45K $13.63M -14.7%
LSV Asset Management 360.31K $11.33M -1.1%
STT State Street 307.27K $9.66M -4.0%
Basswood Capital Management, L.L.C. 247.7K $7.79M 0.0%
Geode Capital Management 231.28K $7.27M +9.5%
Largest transactions
Shares Bought/sold Change
FMR 1.36M +305.67K +28.9%
Lord, Abbett & Co. 219.69K +219.69K NEW
Kennedy Capital Management 0 -111.6K EXIT
Royce & Associates 433.45K -74.47K -14.7%
Millennium Management 0 -65.75K EXIT
Acadian Asset Management 105.49K +54.37K +106.3%
Grantham, Mayo, Van Otterloo & Co. 45.54K -52.36K -53.5%
BK Bank Of New York Mellon 134.99K -42.69K -24.0%
Putnam Investments 0 -37.25K EXIT
Arrowstreet Capital, Limited Partnership 10.84K -34.27K -76.0%

Financial report summary

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Risks
  • Our loans are concentrated in certain areas of Maine and adverse conditions in those markets could adversely affect our operations.
  • We experience strong competition within our markets, which may impact our profitability.
  • Our loan portfolio includes commercial real estate and commercial loans, which are generally riskier than other types of loans.
  • If our allowance for loan losses is not adequate to cover actual loan losses, our earnings could decrease.
  • Fluctuations in market interest rates may adversely affect our performance.
  • A downgrade or potential downgrade of the U.S. Government's sovereign credit rating by one or more credit ratings agencies could adversely affect our business.
  • Our cost of funds may increase as a result of loss of deposits or a change in deposit mix.
  • Wholesale funding sources may prove insufficient to replace deposits and support our operations and future growth.
  • We could be adversely affected by the actions and commercial soundness of other financial institutions.
  • Market changes may adversely affect demand for our services and impact results of operations.
  • Our financial condition and results of operations have been adversely affected, and may continue to be adversely affected, by the U.S. and international financial market and economic conditions.
  • Prepayments of loans may negatively impact our business.
  • We may become involved in lawsuits and legal proceedings that may lead to adverse consequences.
  • We may incur fines, penalties and other negative consequences from regulatory violations, possibly even inadvertent or unintentional violations.
  • We are subject to numerous laws designed to meet the credit needs of low- and moderate-income communities and to protect consumers, including the Community Reinvestment Act and fair lending laws, and failure to comply with these laws could lead to a wide variety of sanctions.
  • Damage to our reputation could significantly harm our business.
  • We may incur significant losses as a result of ineffective risk management processes and strategies.
  • Our business may be adversely affected if we are unable to attract and retain qualified employees.
  • We could be held responsible for environmental liabilities of properties we acquired through foreclosure.
  • We are subject to a variety of cybersecurity risks that, if realized, could adversely affect our business, financial condition and results of operations.
  • We must adapt to information technology changes in the financial services industry, which could present operational issues, require significant capital spending, or impact our reputation.
  • We rely on other companies to provide key components of our business infrastructure.
  • Natural disasters, acts of terrorism and other external events could harm our business.
  • Camden National Wealth Management may be negatively affected by changes in economic and market conditions.
  • If we do not maintain net income growth, the market price of our common stock could be adversely affected.
  • Our financial statements are based in part on assumptions and estimates, which, if wrong, could cause unexpected losses in the future.
  • We may be required to write down goodwill and other identifiable intangible assets.
  • Continued market volatility may impact our business and the value of our common stock.
  • We are a holding company and dependent upon our subsidiary for dividends, distributions and other payments.
  • Reforms to London Interbank Offered Rate ("LIBOR") and other indices, and related uncertainty, may adversely affect our business, financial condition or results of operations.
  • Our banking business is highly regulated, and we may be adversely affected by changes in law and regulation.
  • Changes in accounting standards can be difficult to predict and can materially impact how we record and report our financial condition and results of operations.
  • Changes in tax laws and regulations and differences in interpretation of tax laws and regulations may adversely impact our financial statements.
Management Discussion
  • Net interest income is the interest earned on loans, securities, and other interest-earning assets, plus net loan fees, origination costs, and accretion or amortization of fair value marks on loans and/or CDs created in purchase accounting, less the interest paid on interest-bearing deposits and borrowings. Net interest income is our largest source of revenue. For the three months ended March 31, 2020 and 2019, net interest income accounted for 74% and 77%, respectively, of total revenues. Net interest income is affected by several factors including, but not limited to, changes in interest rates, loan and deposit pricing strategies and competitive conditions, the volume and mix of interest-earning assets and liabilities, and the level of non-performing assets.
Content analysis ?
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Constraining
Legalese
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