<h2><strong>股票表现</strong></h2>
<p><strong>卡姆登国家银行（NASDAQ: CAC）</strong> 的股票在周三早盘交易中上涨约 <strong>1.5%，至 47.50 美元</strong>，此前这家社区银行控股公司公布了 2025 年第四季度和全年业绩，显示出同比利润增长和关键利润率的增强。该股票交易接近其 <strong>52 周高点约 48.60 美元</strong>，远高于去年春季的 <strong>低点约 38.00 美元</strong>，反映出在净利差上升的背景下，区域银行股票的整体上升趋势。</p>
<h2><strong>季度业绩</strong></h2>
<p>截至 2025 年 12 月 31 日的季度，卡姆登国家银行报告 <strong>净收入为 2260 万美元</strong>，较 2025 年第三季度增长 <strong>6%</strong>，<strong>稀释每股收益为 1.33 美元</strong>，环比也增长 <strong>6%</strong>。该期间的平均资产回报率为 <strong>1.28%</strong>，平均股本回报率为 <strong>13.01%</strong>。公司表示，净利差扩大至 <strong>3.29%</strong>，较上季度上升约 13 个基点。税前、税前准备收入增长约 6%，达到 <strong>3120 万美元</strong>。在 2025 年早些时候收购 Northway Financial, Inc.后，总资产约为 <strong>70 亿美元</strong>。</p>
<p>净利息收入和贷款增长支持了收入的增加，尽管与技术和退休成本相关的非利息支出较高，核心效率指标仍有所改善。贷款环比下降 <strong>1%</strong>，约为 <strong>50 亿美元</strong>，净冲销为 <strong>320 万美元</strong>，包括一次性商业房地产销售。</p>
<h2><strong>全年背景</strong></h2>
<p>截至 2025 年 12 月 31 日的全年，卡姆登国家银行的 <strong>净收入为 6520 万美元</strong>，较 2024 年增长 <strong>23%</strong>，稀释每股收益为 <strong>3.84 美元</strong>，同比增长 <strong>6%</strong>。在非 GAAP 基础上，2025 年的调整后净收入为 <strong>7440 万美元</strong>，调整后每股收益为 <strong>4.39 美元</strong>，分别较上年增长 <strong>39% 和 20%</strong>。净利差的扩大和 Northway 收购的整合对全年业绩做出了贡献。</p>
<h2><strong>股息和资本回报</strong></h2>
<p>董事会宣布 <strong>每股 0.42 美元的季度股息</strong>，将于 1 月 30 日支付给 1 月 15 日的登记持有人，基于近期股价，年化收益率接近 <strong>3.7%</strong>。这延续了该银行长期以来稳定的股息历史。</p>
<p>卡姆登国家银行还宣布了一项 <strong>股票回购计划，授权回购最多 850,000 股</strong>（约占 <strong>流通股的 5%</strong>），显示出对其资本状况的信心。</p>
<h2><strong>52 周趋势</strong></h2>
<p>在过去一年中，CAC 股票呈上升趋势，尤其是在过去六个月中，投资者对区域银行净利差扩大的关注超过了对信用质量的担忧。该股票仍在其 52 周高点范围内，受到盈利势头和相对于同行的股息收益率的支持。</p>
<h2><strong>行业和宏观背景</strong></h2>
<p>卡姆登的业绩发布正值更广泛的银行业在应对利率上升和贷款增长放缓的潜在风险。像卡姆登这样的区域银行通常受益于净利差的扩大，因为短期利率上升，但持续的存款竞争和成本压力仍然是关键因素。相比之下，高增长的 <strong>SaaS 和软件股票</strong> 在企业 IT 支出压力和更高的折现率下继续面临估值挑战，尽管卡姆登的报告中 <strong>并未直接提及</strong> 此类软件行业动态。</p>
<h2><strong>展望</strong></h2>
<p>管理层尚未就 2026 年发布正式指导，但强调将继续关注贷款增长、利润率管理和 Northway 运营的整合。投资者将关注贷款需求、信用质量趋势和在波动利率环境下的利润率可持续性。</p>
<p>卡姆登国家银行因强劲的第四季度业绩而上涨，扩大股息的文章首次出现在 AlphaStreet 上。</p>

卡姆登国家银行

<p>卡姆登国家银行（NASDAQ: CAC）股价上涨 1.5%，至 47.50 美元，此次上涨得益于其 2025 年第四季度和全年强劲的财报，净收入增长 6%，达到 2260 万美元，稀释每股收益为 1.33 美元。该银行的净利差扩大至 3.29%。全年净收入达到 6520 万美元，增长 23%。董事会宣布每股派息 0.42 美元，并推出 85 万股的股票回购计划。卡姆登的业绩反映了区域银行在利率上升的背景下受益的更广泛趋势，尽管在贷款增长和信用质量方面仍面临挑战</p>

<h2><strong>Share Performance</strong></h2>
<div class="lb-trans"><h2><strong>股票表现</strong></h2>
</div><p>Shares of <strong>Camden National Corporation (NASDAQ: CAC)</strong> were up about <strong>1.5% at $47.50</strong> in early trade on Wednesday after the community bank holding company reported fourth-quarter and full-year 2025 results that showed year-on-year profit growth and strengthened key margins. The stock is trading near its <strong>52-week high around $48.60</strong> and well above its <strong>low near $38.00</strong> last spring, reflecting a broader uptrend in regional bank shares amid rising net interest margins.</p>
<div class="lb-trans"><p><strong>卡姆登国家银行（NASDAQ: CAC）</strong> 的股票在周三早盘交易中上涨约 <strong>1.5%，至 47.50 美元</strong>，此前这家社区银行控股公司公布了 2025 年第四季度和全年业绩，显示出同比利润增长和关键利润率的增强。该股票交易接近其 <strong>52 周高点约 48.60 美元</strong>，远高于去年春季的 <strong>低点约 38.00 美元</strong>，反映出在净利差上升的背景下，区域银行股票的整体上升趋势。</p>
</div><h2><strong>Quarterly Results</strong></h2>
<div class="lb-trans"><h2><strong>季度业绩</strong></h2>
</div><p>For the quarter ended Dec. 31, 2025, Camden National reported <strong>net income of $22.6 million</strong>, up <strong>6% from the third quarter</strong> of 2025, and <strong>diluted earnings per share of $1.33</strong>, also up <strong>6% sequentially</strong>. Return on average assets was <strong>1.28%</strong> and return on average equity was <strong>13.01%</strong> for the period. The company said net interest margin expanded to <strong>3.29%</strong>, up about 13 basis points from the prior quarter. Pre-tax, pre-provision income rose about 6% to <strong>$31.2 million</strong>. Total assets stood at approximately <strong>$7.0 billion</strong> after the acquisition of Northway Financial, Inc. earlier in 2025.</p>
<div class="lb-trans"><p>截至 2025 年 12 月 31 日的季度，卡姆登国家银行报告 <strong>净收入为 2260 万美元</strong>，较 2025 年第三季度增长 <strong>6%</strong>，<strong>稀释每股收益为 1.33 美元</strong>，环比也增长 <strong>6%</strong>。该期间的平均资产回报率为 <strong>1.28%</strong>，平均股本回报率为 <strong>13.01%</strong>。公司表示，净利差扩大至 <strong>3.29%</strong>，较上季度上升约 13 个基点。税前、税前准备收入增长约 6%，达到 <strong>3120 万美元</strong>。在 2025 年早些时候收购 Northway Financial, Inc.后，总资产约为 <strong>70 亿美元</strong>。</p>
</div><p>Net interest income and loan growth supported revenue gains, while core efficiency metrics improved modestly despite elevated non-interest expenses related to technology and retirement costs. Loans declined <strong>1% sequentially</strong> to about <strong>$5.0 billion</strong>, and net charge-offs were <strong>$3.2 million</strong>, including a one-time commercial real estate sale.</p>
<div class="lb-trans"><p>净利息收入和贷款增长支持了收入的增加，尽管与技术和退休成本相关的非利息支出较高，核心效率指标仍有所改善。贷款环比下降 <strong>1%</strong>，约为 <strong>50 亿美元</strong>，净冲销为 <strong>320 万美元</strong>，包括一次性商业房地产销售。</p>
</div><h2><strong>Full-Year Context</strong></h2>
<div class="lb-trans"><h2><strong>全年背景</strong></h2>
</div><p>For the full year ended Dec. 31, 2025, Camden National posted <strong>net income of $65.2 million</strong>, up <strong>23% from 2024</strong>, with diluted EPS of <strong>$3.84</strong>, a <strong>6% increase</strong> year-over-year. On a non-GAAP basis, adjusted net income for 2025 was <strong>$74.4 million,</strong> and adjusted EPS was <strong>$4.39</strong>, increases of <strong>39% and 20%</strong>, respectively, over the prior year. Net interest margin expansion and integration of the Northway acquisition contributed to full-year performance.</p>
<div class="lb-trans"><p>截至 2025 年 12 月 31 日的全年，卡姆登国家银行的 <strong>净收入为 6520 万美元</strong>，较 2024 年增长 <strong>23%</strong>，稀释每股收益为 <strong>3.84 美元</strong>，同比增长 <strong>6%</strong>。在非 GAAP 基础上，2025 年的调整后净收入为 <strong>7440 万美元</strong>，调整后每股收益为 <strong>4.39 美元</strong>，分别较上年增长 <strong>39% 和 20%</strong>。净利差的扩大和 Northway 收购的整合对全年业绩做出了贡献。</p>
</div><h2><strong>Dividend and Capital Returns</strong></h2>
<div class="lb-trans"><h2><strong>股息和资本回报</strong></h2>
</div><p>The board declared a <strong>quarterly dividend of $0.42 per share</strong>, payable Jan. 30 to holders of record Jan. 15, representing an annualized yield near <strong>3.7%</strong> based on recent share prices. This continues a long history of consistent dividends for the bank.</p>
<div class="lb-trans"><p>董事会宣布 <strong>每股 0.42 美元的季度股息</strong>，将于 1 月 30 日支付给 1 月 15 日的登记持有人，基于近期股价，年化收益率接近 <strong>3.7%</strong>。这延续了该银行长期以来稳定的股息历史。</p>
</div><p>Camden National also announced a <strong>share repurchase program authorizing up to 850,000 shares</strong> (about <strong>5% of outstanding stock</strong>), signaling confidence in its capital position.</p>
<div class="lb-trans"><p>卡姆登国家银行还宣布了一项 <strong>股票回购计划，授权回购最多 850,000 股</strong>（约占 <strong>流通股的 5%</strong>），显示出对其资本状况的信心。</p>
</div><h2><strong>52-Week Trend</strong></h2>
<div class="lb-trans"><h2><strong>52 周趋势</strong></h2>
</div><p>Over the past year, CAC stock has trended upward, with notable strength in the last six months as investor focus on net interest margin expansion among regional banks outweighed concerns about credit quality. The stock remains within its 52-week high range, supported by earnings momentum and dividend yield relative to peers.</p>
<div class="lb-trans"><p>在过去一年中，CAC 股票呈上升趋势，尤其是在过去六个月中，投资者对区域银行净利差扩大的关注超过了对信用质量的担忧。该股票仍在其 52 周高点范围内，受到盈利势头和相对于同行的股息收益率的支持。</p>
</div><h2><strong>Sector and Macro Context</strong></h2>
<div class="lb-trans"><h2><strong>行业和宏观背景</strong></h2>
</div><p>Camden’s results come as the broader banking sector navigates rising interest rates and the potential for slower loan growth. Regional banks like Camden have generally benefited from net interest margin expansion as short-term rates rose, but continued deposit competition and cost pressures remain key factors. By contrast, high-growth <strong>SaaS and software stocks</strong> continue to face valuation challenges amid pressure on enterprise IT spending and higher discount rates, though such software-sector dynamics were <strong>not directly referenced</strong> in Camden’s report.</p>
<div class="lb-trans"><p>卡姆登的业绩发布正值更广泛的银行业在应对利率上升和贷款增长放缓的潜在风险。像卡姆登这样的区域银行通常受益于净利差的扩大，因为短期利率上升，但持续的存款竞争和成本压力仍然是关键因素。相比之下，高增长的 <strong>SaaS 和软件股票</strong> 在企业 IT 支出压力和更高的折现率下继续面临估值挑战，尽管卡姆登的报告中 <strong>并未直接提及</strong> 此类软件行业动态。</p>
</div><h2><strong>Outlook</strong></h2>
<div class="lb-trans"><h2><strong>展望</strong></h2>
</div><p>Management has not issued formal 2026 guidance with the results but highlighted the continued focus on loan growth, margin management, and integration of Northway’s operations. Investors will monitor loan demand, credit quality trends, and margin sustainability in a rate environment that remains volatile.</p>
<div class="lb-trans"><p>管理层尚未就 2026 年发布正式指导，但强调将继续关注贷款增长、利润率管理和 Northway 运营的整合。投资者将关注贷款需求、信用质量趋势和在波动利率环境下的利润率可持续性。</p>
</div><p>The post Camden National rises on solid Q4 earnings, expands dividend first appeared on AlphaStreet.</p>
<div class="lb-trans"><p>卡姆登国家银行因强劲的第四季度业绩而上涨，扩大股息的文章首次出现在 AlphaStreet 上。</p>
</div>

卡姆登国家银行因第四季度稳健的收益而股价上涨，并扩大了股息