--- title: "Camden National | 8-K: FY2026 Q2 Revenue: USD 67.41 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/294063918.md" datetime: "2026-07-28T12:12:49.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294063918.md) - [en](https://longbridge.com/en/news/294063918.md) - [zh-HK](https://longbridge.com/zh-HK/news/294063918.md) --- # Camden National | 8-K: FY2026 Q2 Revenue: USD 67.41 M Revenue: As of FY2026 Q2, the actual value is USD 67.41 M. EPS: As of FY2026 Q2, the actual value is USD 1.35, beating the estimate of USD 1.2875. EBIT: As of FY2026 Q2, the actual value is USD 29.34 M. #### Net Income Camden National Corporation reported record net income of $23.0 million for the second quarter of 2026, which was an increase of 5% over the first quarter of 2026 ($21.883 million) and 63% compared to the second quarter of 2025 ($14.081 million).For the first six months of 2026, net income was a record $44.9 million, an increase of 110% compared to $21.4 million for the six months ended June 30, 2025. #### Pre-Tax, Pre-Provision Income (non-GAAP) Pre-tax, pre-provision income (non-GAAP) for the second quarter of 2026 was $30.051 million, up from $28.630 million in the first quarter of 2026 and $24.680 million in the second quarter of 2025.For the six months ended June 30, 2026, adjusted pre-tax, pre-provision income increased 19% to $58.7 million compared to $40.283 million for the same period in 2025. #### Total Revenue Total revenue for the second quarter of 2026 was $67.409 million, an increase of 5% over the first quarter of 2026’s $64.338 million. #### Net Interest Income Net interest income for the second quarter of 2026 totaled $52.939 million, an increase of 1% from the first quarter of 2026’s $52.358 million.For the first six months of 2026, net interest income was $105.297 million, an increase of 7% compared to $98.067 million for the same period in 2025. #### Non-Interest Income Non-interest income for the second quarter of 2026 totaled $14.470 million, an increase of $2.5 million, or 21%, compared to $11.980 million in the first quarter of 2026.Revenue across all non-interest income categories increased quarter-over-quarter, including deposit customer-related revenue, debit card income, and wealth and brokerage businesses.For the first six months of 2026, total non-interest income was $26.450 million, an increase of 9% compared to $24.263 million for the same period in 2025. #### Non-Interest Expense Non-interest expense for the second quarter of 2026 totaled $37.358 million, a 5% increase compared to $35.708 million in the first quarter of 2026, primarily due to annual salary increases and the timing of the annual director equity award grant and sales team recognition event.For the first six months of 2026, total non-interest expense was $73.066 million, a decrease of 11% compared to $82.047 million for the same period in 2025. #### Provision for Credit Losses Provision expense was $710,000 for the second quarter of 2026, compared to $553,000 for the first quarter of 2026 and $6.920 million for the second quarter of 2025.For the first six months of 2026, provision for credit losses was $1.263 million, significantly lower than $16.349 million for the same period in 2025. #### Net Interest Margin Net interest margin expanded 2 basis points on a linked-quarter basis to 3.26% for the second quarter of 2026, driven by lower funding costs, compared to 3.24% in Q1 2026 and 3.06% in Q2 2025.Core net interest margin (non-GAAP) increased 5 basis points over the same period to 2.97% for the second quarter of 2026, compared to 2.92% in Q1 2026 and 2.70% in Q2 2025. #### Efficiency Ratio The GAAP efficiency ratio for the second quarter of 2026 was 55.42%, compared to 55.50% for the first quarter of 2026 and 60.37% for the second quarter of 2025.The non-GAAP efficiency ratio was 53.23% for the second quarter of 2026, compared to 53.21% for the first quarter of 2026 and 55.47% for the second quarter of 2025. #### Assets Under Administration As of June 30, 2026, assets under administration across wealth and brokerage businesses totaled $2.6 billion, an increase of 13% over the same period a year ago. #### Total Assets Total assets were $7.0 billion at both June 30, 2026, and March 31, 2026, and $6.920 billion at June 30, 2025. #### Total Loans Total loans were $5.0 billion as of June 30, 2026, an increase of 1% from March 31, 2026.Loan growth was driven by increases in home equity and commercial loan portfolios of 7% and 4%, respectively, during the quarter.The committed loan pipeline increased 45% from the first quarter of 2026 to $185.7 million at June 30, 2026. #### Total Deposits Total deposits were $5.555 billion at June 30, 2026, representing a 1% decrease from $5.585 billion at March 31, 2026, driven by lower brokered deposits and certificates of deposit as Camden National Corporation optimized its funding mix.Core deposits remained stable, supported by growth in high-yield savings products and the durability of the customer deposit base.The loan-to-deposit ratio was 90% at June 30, 2026, compared with 89% at March 31, 2026. #### Asset Quality Asset quality remained strong, with past-due loans representing 0.15% and non-performing loans 0.24% of total loans at June 30, 2026.The allowance for credit losses (ACL) on loans was 0.91% of total loans, compared with 0.92% at March 31, 2026.The ACL coverage ratio was 3.8 times non-performing loans as of June 30, 2026, compared to 4.2 times as of March 31, 2026.Annualized net charge-offs-to-average-loans ratio was 0.04% for the second quarter of 2026. #### Capital Ratios As of June 30, 2026, Camden National Corporation maintained capital ratios well in excess of all regulatory requirements, including a Common Equity Tier 1 ratio of 12.19%, a Tier 1 risk-based ratio of 13.48%, a total risk-based ratio of 14.43%, and a Tier 1 leverage ratio of 9.66%. #### Shareholder Returns Camden National Corporation repurchased 52,000 shares of its common stock at a weighted-average price of $47.64 per share during the second quarter of 2026.For the first six months of 2026, the Company repurchased 85,131 shares at a weighted average price of $46.55 per share.The Company announced a cash dividend of $0.42 per share, representing an annualized dividend yield of 3.10% based on the closing share price of $54.22 on June 30, 2026. #### Outlook/Guidance No specific forward-looking financial guidance or outlook beyond the current reporting period was provided in the reference 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