<span item_type="fundamental" item_id="615cb513373bbb95eb3968c819d85992" counter_id="ST/US/CAC" env="prod"></span><span item_type="announcement" item_id="513082090105670145" env="prod"></span><p>EPS: As of FY2025 Q1, the actual value is USD 0.43, beating the estimate of USD 0.3875.</p><p>EBIT: As of FY2025 Q1, the actual value is USD 6.174 M.</p><p></p><h3>Net Income</h3><p>Camden National Corporation reported net income of $7.3 million for the first quarter of 2025, a decrease of 50% compared to the fourth quarter of 2024, primarily due to acquisition-related costs and provision expenses associated with the Northway acquisition.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/750686/000075068625000210/ex991earningsreleaseq125.htm"></span></p><h3>Adjusted Net Income</h3><p>Adjusted net income for the first quarter of 2025 was $16.0 million, an increase of 6% compared to the fourth quarter of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/750686/000075068625000210/ex991earningsreleaseq125.htm"></span></p><h3>Net Interest Margin</h3><p>The net interest margin for the first quarter of 2025 was 3.04%, up from 2.57% in the fourth quarter of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/750686/000075068625000210/ex991earningsreleaseq125.htm"></span></p><h3>Non-Interest Income</h3><p>Non-interest income for the first quarter of 2025 was $11.2 million, a decrease of 8% compared to the fourth quarter of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/750686/000075068625000210/ex991earningsreleaseq125.htm"></span></p><h3>Non-Interest Expense</h3><p>Non-interest expense for the first quarter of 2025 was $44.5 million, an increase of 57% compared to the fourth quarter of 2024, reflecting the acquisition of Northway and related costs.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/750686/000075068625000210/ex991earningsreleaseq125.htm"></span></p><h3>Unique Metrics</h3><p>The acquisition of Northway Financial, Inc. resulted in an increase in Camden National’s assets by $1.2 billion, including $775.7 million in loans and $230.0 million in investments.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/750686/000075068625000210/ex991earningsreleaseq125.htm"></span></p><h3>Outlook / Guidance</h3><p>Camden National Corporation expects cost savings from the Northway acquisition to begin materializing in the second quarter of 2025, with 75% of the annual cost savings goal to be realized during 2025. The company is positioned for solid earnings growth moving forward, leveraging core net interest margin momentum and cost savings from the acquisition.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/750686/000075068625000210/ex991earningsreleaseq125.htm"></span><span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/750686/000075068625000210/ex992supplementq125.htm"></span></p>

Camden National | 8-K: FY2025 Q1 EPS Beats Estimate at USD 0.43