CAMDEN NATIONAL CORP 2Q 2026: Revenue $67.4M, EPS $1.35— 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Camden National Corp reported strong Q2 2026 results, with revenue rising 8% to $67.4M and net income surging 63% to $23M. Diluted EPS reached $1.35, up from $0.83 in the prior year. Growth was driven by margin expansion, higher non-interest income, and improved expense management. Core deposits grew 2%, while total loans increased 1%. The company highlighted gains in debit card interchange, fiduciary fees, and mortgage activities.
CAMDEN NATIONAL CORP reported second-quarter 2026 results with revenue of $67.4M and net income of $23M, driven by margin expansion and higher non‑interest income versus the year‑ago quarter.
Financial Highlights
- Revenue was $67.4M for 2Q 2026, compared with $62.3M in 2Q 2025; YoY change 8%.
- Net income was $23.0M for 2Q 2026, compared with $14.1M in 2Q 2025; YoY change 63%.
- Diluted EPS was $1.35 for 2Q 2026, compared with $0.83 in 2Q 2025; YoY change 63%.
Business Highlights
- Revenue growth and net interest margin expansion supported operating performance and higher profitability in the quarter.
- Core deposits grew 2% year‑to‑date with an 11% increase in savings balances and increased adoption of higher‑yield digital savings products.
- Non‑interest income rose 11% year‑over‑year, led by debit card interchange, fiduciary and brokerage fees, mortgage gains and expanded AUM/AUA.
- Total loans were up 1% since year‑end, with an 11% increase in home equity balances and a diversified commercial real estate and retail loan mix across core markets.
- Improved expense management and lower funding costs contributed to a better efficiency ratio and margin expansion.
Original SEC Filing: CAMDEN NATIONAL CORP [ CAC ] - 10-Q - Aug. 06, 2026
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