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Camden National (CAC)

Camden National Corporation is the largest publicly traded bank holding company in Northern New England with $4.4 billion in assets and 650 employees. Camden National Bank, its subsidiary, is a full-service community bank founded in 1875 in Camden, Maine. Dedicated to customers at every stage of their financial journey, the bank offers the latest in digital banking, complemented by personalized service with 61 banking centers, 24/7 live phone support, 71 ATMs, and additional lending offices in New Hampshire and Massachusetts. For the past two years, Camden National Bank was named "Customer Experience Leader in U.S. Retail Banking" by Greenwich Associates, and in 2019, it was the only New England based organization included in Sandler O'Neill's "Bank & Thrift Sm-All Star" list of high-performing financial institutions. The Finance Authority of Maine has awarded Camden National Bank as "Lender at Work for Maine" for ten years. Comprehensive wealth management, investment, and financial planning services are delivered by Camden National Wealth Management.

CAC stock data

Analyst ratings and price targets

Last 3 months

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

4 Aug 22
20 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 76.42M 76.42M 76.42M 76.42M 76.42M 76.42M
Cash burn (monthly) 20.99M 2.28M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 35.36M 3.83M n/a n/a n/a n/a
Cash remaining 41.07M 72.59M n/a n/a n/a n/a
Runway (months of cash) 2.0 31.9 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
12 Aug 22 Bresnahan Ann W Common Stock Gift Dispose G Yes No 0 2,833 0 7,167
10 Aug 22 Nightingale Timothy P Common Stock Payment of exercise Dispose F No No 45.94 50 2.3K 59,649.829
1 Aug 22 Jennifer Lloyd Mirabile Common Stock Payment of exercise Dispose F No No 45.64 36 1.64K 7,446.59
17 Jun 22 McCarthy Marie J Common Stock Buy Acquire P No No 44.45 250 11.11K 5,951.59
17 Jun 22 Denekas Craig N Common Stock Buy Acquire P No No 44.45 306 13.6K 7,571
67.5% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 134 139 -3.6%
Opened positions 7 15 -53.3%
Closed positions 12 15 -20.0%
Increased positions 38 43 -11.6%
Reduced positions 48 45 +6.7%
13F shares Current Prev Q Change
Total value 434.91M 470.22M -7.5%
Total shares 9.87M 9.87M +0.1%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
FMR 1.22M $53.79M +6.6%
BLK Blackrock 1.22M $53.74M +1.1%
BEN Franklin Resources 878.85K $38.71M +20.8%
Dimensional Fund Advisors 780.96K $34.4M +2.6%
Vanguard 729.33K $32.13M +0.4%
STT State Street 381.43K $16.8M -4.4%
Renaissance Technologies 324K $14.27M -8.9%
LSV Asset Management 318.78K $14.04M +1.1%
Geode Capital Management 258.08K $11.37M -1.5%
Manufacturers Life Insurance Company, The 250.91K $11.05M -1.4%
Largest transactions Shares Bought/sold Change
BEN Franklin Resources 878.85K +151.27K +20.8%
FMR 1.22M +75.32K +6.6%
MS Morgan Stanley 82.03K +53.45K +187.0%
Parametric Portfolio Associates 0 -49.14K EXIT
Royce & Associates 12.9K -33.32K -72.1%
Renaissance Technologies 324K -31.5K -8.9%
Assenagon Asset Management 47.6K +29.28K +159.8%
Nuveen Asset Management 58.93K -28.13K -32.3%
GS Goldman Sachs 32.27K -24.11K -42.8%
Walthausen & Co. 82.38K -22.89K -21.7%

Financial report summary

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Management Discussion
  • Net interest income is the interest earned on loans, securities, and other interest-earning assets, adjusted for 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 ("revenue" is defined as the sum of net interest income and non-interest income). For the quarter ended June 30, 2022, net interest income was 76% of total revenues, compared to 75% for the quarter ended June 30, 2021. 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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Positive
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H.S. freshman Avg
New words: agency, annuity, checking, commensurate, consulting, coupled, deployment, exceptionally, FOMC, heavy, implicit, isolated, jumbo, long, manifest, negated, notable, parity, perception, PPA, predetermined, preserve, pretax, readily, recession, recovered, similarly, slowdown, softened, softening, static, surge, transparency, Ukraine, war
Removed: considerably, continuing, drop, indirect, lag, penalty