<span item_type="fundamental" item_id="c059890be42b73d5c2510b5b28573a95" counter_id="ST/US/CAC" env="prod"></span><span item_type="announcement" item_id="609492702105897473" env="prod"></span><p>Revenue: As of FY2025 Q4, the actual value is USD 96.18 M.</p><p>EPS: As of FY2025 Q4, the actual value is USD 1.33, beating the estimate of USD 1.32.</p><p>EBIT: As of FY2025 Q4, the actual value is USD -22.73 M.</p><p></p><h4>Net Income</h4><ul><li>Net income for the fourth quarter of 2025 totaled $22.6 million, an increase of 6% compared to the third quarter of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/750686/000075068626000006/ex991earningsreleaseq425.htm"></span></li><li>For the full year 2025, net income reached $65.2 million, marking a 23% increase over the year ended December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/750686/000075068626000006/ex991earningsreleaseq425.htm"></span></li><li>Adjusted net income (Non-GAAP) for the full year 2025 was $74.4 million, representing a 39% increase over the year ended December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/750686/000075068626000006/ex991earningsreleaseq425.htm"></span></li></ul><h4>Pre-Tax, Pre-Provision Income</h4><ul><li>Pre-tax, pre-provision income (Non-GAAP) for the fourth quarter of 2025 increased 6% over the third quarter of 2025 to $31.2 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/750686/000075068626000006/ex991earningsreleaseq425.htm"></span></li><li>For the full year 2025, pre-tax, pre-provision income (Non-GAAP) was $100.9 million, up from $65.1 million in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/750686/000075068626000006/ex991earningsreleaseq425.htm"></span></li></ul><h4>Net Interest Income</h4><ul><li>Net interest income for the fourth quarter of 2025 increased 5% over the third quarter of 2025 to $53.9 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/750686/000075068626000006/ex991earningsreleaseq425.htm"></span></li><li>For the full year 2025, net interest income was $203.3 million, a 53% increase from $132.5 million in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/750686/000075068626000006/ex991earningsreleaseq425.htm"></span></li></ul><h4>Provision for Credit Losses</h4><ul><li>Provision expense for the fourth quarter of 2025 totaled $3.0 million, which was consistent with the third quarter of 2025, primarily due to net charge-offs of $3.2 million, including a $3.0 million charge-off from a commercial real estate loan.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/750686/000075068626000006/ex991earningsreleaseq425.htm"></span></li><li>For the full year 2025, provision for credit losses was $22.3 million, compared to a credit of - $404,000 for the year ended December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/750686/000075068626000006/ex991earningsreleaseq425.htm"></span></li></ul><h4>Non-Interest Income</h4><ul><li>Non-interest income for the fourth quarter of 2025 totaled $14.1 million, remaining consistent with the third quarter of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/750686/000075068626000006/ex991earningsreleaseq425.htm"></span></li><li>For the full year 2025, total non-interest income was $52.5 million, an 18% increase over $44.5 million in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/750686/000075068626000006/ex991earningsreleaseq425.htm"></span></li></ul><h4>Non-Interest Expense</h4><ul><li>Non-interest expense for the fourth quarter of 2025 totaled $36.9 million, an increase of $933,000 on a linked-quarter basis, attributed to retirement plan costs, higher performance incentive accruals, increased health insurance costs, and elevated technology-related costs.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/750686/000075068626000006/ex991earningsreleaseq425.htm"></span></li><li>For the full year 2025, total non-interest expense was $154.8 million, a 38% increase over $111.9 million in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/750686/000075068626000006/ex991earningsreleaseq425.htm"></span></li></ul><h4>Efficiency Ratios</h4><ul><li>The GAAP efficiency ratio was 54.16% for the fourth quarter of 2025, and the non-GAAP efficiency ratio was 51.69%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/750686/000075068626000006/ex991earningsreleaseq425.htm"></span></li><li>For the full year 2025, the GAAP efficiency ratio was 60.53%, and the non-GAAP efficiency ratio was 54.46%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/750686/000075068626000006/ex991earningsreleaseq425.htm"></span></li></ul><h4>Total Assets</h4><ul><li>As of December 31, 2025, total assets were $7.0 billion, consistent with September 30, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/750686/000075068626000006/ex991earningsreleaseq425.htm"></span></li><li>Total assets grew 20% during 2025, largely due to the acquisition of Northway Financial, Inc.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/750686/000075068626000006/ex991earningsreleaseq425.htm"></span></li></ul><h4>Loans</h4><ul><li>As of December 31, 2025, total loans were $5.0 billion, a 1% decrease from September 30, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/750686/000075068626000006/ex991earningsreleaseq425.htm"></span></li><li>Loans grew organically by 2% for the full year 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/750686/000075068626000006/ex991earningsreleaseq425.htm"></span></li><li>Commercial loan balances decreased by $62.0 million during the fourth quarter, primarily due to a $35.9 million decrease in municipal loans.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/750686/000075068626000006/ex991earningsreleaseq425.htm"></span></li><li>The home equity loan portfolio grew 6% during the fourth quarter of 2025 and organically 18% for the full year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/750686/000075068626000006/ex991earningsreleaseq425.htm"></span></li><li>The committed loan pipeline totaled $110.3 million as of December 31, 2025, which was 60% higher than a year ago.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/750686/000075068626000006/ex991earningsreleaseq425.htm"></span></li></ul><h4>Deposits</h4><ul><li>As of December 31, 2025, deposits totaled $5.5 billion, a 2% increase since September 30, 2025, driven by a 3% increase in non-maturity deposits.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/750686/000075068626000006/ex991earningsreleaseq425.htm"></span></li><li>The loan-to-deposit ratio was 90% as of December 31, 2025, compared to 93% at September 30, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/750686/000075068626000006/ex991earningsreleaseq425.htm"></span></li></ul><h4>Shareholders’ Equity</h4><ul><li>As of December 31, 2025, shareholders’ equity was $696.6 million, a 3% increase from $676.4 million at September 30, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/750686/000075068626000006/ex991earningsreleaseq425.htm"></span></li></ul><h4>Asset Quality</h4><ul><li>Non-performing assets were 0.10% of total assets as of December 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/750686/000075068626000006/ex991earningsreleaseq425.htm"></span></li><li>Past-due loans were 0.16% of total loans as of December 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/750686/000075068626000006/ex991earningsreleaseq425.htm"></span></li><li>The Allowance for Credit Losses (ACL) on loans was 0.91% of total loans at December 31, 2025, and 6.4 times non-performing loans, compared to 5.5 times at September 30, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/750686/000075068626000006/ex991earningsreleaseq425.htm"></span></li></ul><h4>Capital Ratios</h4><ul><li>As of December 31, 2025, Camden National Corporation’s regulatory capital ratios exceeded all regulatory requirements, including a Common Equity Tier 1 ratio of 11.69%, a Tier 1 risk-based ratio of 13.00%, a total risk-based ratio of 13.95%, and a Tier 1 leverage ratio of 9.12%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/750686/000075068626000006/ex991earningsreleaseq425.htm"></span></li></ul><h4>Dividends</h4><ul><li>On January 30, 2026, Camden National Corporation announced a cash dividend of $0.42 per share, representing an annualized dividend yield of 3.87% based on the closing share price on December 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/750686/000075068626000006/ex991earningsreleaseq425.htm"></span></li></ul><h4>Outlook</h4><p>Camden National Corporation anticipates an outstanding 2026 and a brighter future due to strong execution of strategic initiatives and continued expansion of net interest margin.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/750686/000075068626000006/ex991earningsreleaseq425.htm"></span> The company expresses confidence in its strategy to build the premier community bank in Northern New England, supported by its strong 2025 financial results.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/750686/000075068626000006/ex991earningsreleaseq425.htm"></span></p>

Camden National | 8-K: FY2025 Q4 Revenue: USD 96.18 M