<h2><strong>股票表現</strong></h2>
<p><strong>卡姆登國家銀行（NASDAQ: CAC）</strong> 的股票在週三早盤交易中上漲約 <strong>1.5%，至 47.50 美元</strong>，此前這家社區銀行控股公司公佈了 2025 年第四季度和全年業績，顯示出同比利潤增長和關鍵利潤率的增強。該股票交易接近其 <strong>52 周高點約 48.60 美元</strong>，遠高於去年春季的 <strong>低點約 38.00 美元</strong>，反映出在淨利差上升的背景下，區域銀行股票的整體上升趨勢。</p>
<h2><strong>季度業績</strong></h2>
<p>截至 2025 年 12 月 31 日的季度，卡姆登國家銀行報告 <strong>淨收入為 2260 萬美元</strong>，較 2025 年第三季度增長 <strong>6%</strong>，<strong>稀釋每股收益為 1.33 美元</strong>，環比也增長 <strong>6%</strong>。該期間的平均資產回報率為 <strong>1.28%</strong>，平均股本回報率為 <strong>13.01%</strong>。公司表示，淨利差擴大至 <strong>3.29%</strong>，較上季度上升約 13 個基點。税前、税前準備收入增長約 6%，達到 <strong>3120 萬美元</strong>。在 2025 年早些時候收購 Northway Financial, Inc.後，總資產約為 <strong>70 億美元</strong>。</p>
<p>淨利息收入和貸款增長支持了收入的增加，儘管與技術和退休成本相關的非利息支出較高，核心效率指標仍有所改善。貸款環比下降 <strong>1%</strong>，約為 <strong>50 億美元</strong>，淨沖銷為 <strong>320 萬美元</strong>，包括一次性商業房地產銷售。</p>
<h2><strong>全年背景</strong></h2>
<p>截至 2025 年 12 月 31 日的全年，卡姆登國家銀行的 <strong>淨收入為 6520 萬美元</strong>，較 2024 年增長 <strong>23%</strong>，稀釋每股收益為 <strong>3.84 美元</strong>，同比增長 <strong>6%</strong>。在非 GAAP 基礎上，2025 年的調整後淨收入為 <strong>7440 萬美元</strong>，調整後每股收益為 <strong>4.39 美元</strong>，分別較上年增長 <strong>39% 和 20%</strong>。淨利差的擴大和 Northway 收購的整合對全年業績做出了貢獻。</p>
<h2><strong>股息和資本回報</strong></h2>
<p>董事會宣佈 <strong>每股 0.42 美元的季度股息</strong>，將於 1 月 30 日支付給 1 月 15 日的登記持有人，基於近期股價，年化收益率接近 <strong>3.7%</strong>。這延續了該銀行長期以來穩定的股息歷史。</p>
<p>卡姆登國家銀行還宣佈了一項 <strong>股票回購計劃，授權回購最多 850,000 股</strong>（約佔 <strong>流通股的 5%</strong>），顯示出對其資本狀況的信心。</p>
<h2><strong>52 周趨勢</strong></h2>
<p>在過去一年中，CAC 股票呈上升趨勢，尤其是在過去六個月中，投資者對區域銀行淨利差擴大的關注超過了對信用質量的擔憂。該股票仍在其 52 周高點範圍內，受到盈利勢頭和相對於同行的股息收益率的支持。</p>
<h2><strong>行業和宏觀背景</strong></h2>
<p>卡姆登的業績發佈正值更廣泛的銀行業在應對利率上升和貸款增長放緩的潛在風險。像卡姆登這樣的區域銀行通常受益於淨利差的擴大，因為短期利率上升，但持續的存款競爭和成本壓力仍然是關鍵因素。相比之下，高增長的 <strong>SaaS 和軟件股票</strong> 在企業 IT 支出壓力和更高的折現率下繼續面臨估值挑戰，儘管卡姆登的報告中 <strong>並未直接提及</strong> 此類軟件行業動態。</p>
<h2><strong>展望</strong></h2>
<p>管理層尚未就 2026 年發佈正式指導，但強調將繼續關注貸款增長、利潤率管理和 Northway 運營的整合。投資者將關注貸款需求、信用質量趨勢和在波動利率環境下的利潤率可持續性。</p>
<p>卡姆登國家銀行因強勁的第四季度業績而上漲，擴大股息的文章首次出現在 AlphaStreet 上。</p>

卡姆登國家銀行

<p>卡姆登國家銀行（NASDAQ: CAC）股價上漲 1.5%，至 47.50 美元，此次上漲得益於其 2025 年第四季度和全年強勁的財報，淨收入增長 6%，達到 2260 萬美元，稀釋每股收益為 1.33 美元。該銀行的淨利差擴大至 3.29%。全年淨收入達到 6520 萬美元，增長 23%。董事會宣佈每股派息 0.42 美元，並推出 85 萬股的股票回購計劃。卡姆登的業績反映了區域銀行在利率上升的背景下受益的更廣泛趨勢，儘管在貸款增長和信用質量方面仍面臨挑戰</p>

<h2><strong>Share Performance</strong></h2>
<div class="lb-trans"><h2><strong>股票表現</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>卡姆登國家銀行（NASDAQ: CAC）</strong> 的股票在週三早盤交易中上漲約 <strong>1.5%，至 47.50 美元</strong>，此前這家社區銀行控股公司公佈了 2025 年第四季度和全年業績，顯示出同比利潤增長和關鍵利潤率的增強。該股票交易接近其 <strong>52 周高點約 48.60 美元</strong>，遠高於去年春季的 <strong>低點約 38.00 美元</strong>，反映出在淨利差上升的背景下，區域銀行股票的整體上升趨勢。</p>
</div><h2><strong>Quarterly Results</strong></h2>
<div class="lb-trans"><h2><strong>季度業績</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，卡姆登國家銀行報告 <strong>淨收入為 2260 萬美元</strong>，較 2025 年第三季度增長 <strong>6%</strong>，<strong>稀釋每股收益為 1.33 美元</strong>，環比也增長 <strong>6%</strong>。該期間的平均資產回報率為 <strong>1.28%</strong>，平均股本回報率為 <strong>13.01%</strong>。公司表示，淨利差擴大至 <strong>3.29%</strong>，較上季度上升約 13 個基點。税前、税前準備收入增長約 6%，達到 <strong>3120 萬美元</strong>。在 2025 年早些時候收購 Northway Financial, Inc.後，總資產約為 <strong>70 億美元</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>淨利息收入和貸款增長支持了收入的增加，儘管與技術和退休成本相關的非利息支出較高，核心效率指標仍有所改善。貸款環比下降 <strong>1%</strong>，約為 <strong>50 億美元</strong>，淨沖銷為 <strong>320 萬美元</strong>，包括一次性商業房地產銷售。</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，卡姆登國家銀行的 <strong>淨收入為 6520 萬美元</strong>，較 2024 年增長 <strong>23%</strong>，稀釋每股收益為 <strong>3.84 美元</strong>，同比增長 <strong>6%</strong>。在非 GAAP 基礎上，2025 年的調整後淨收入為 <strong>7440 萬美元</strong>，調整後每股收益為 <strong>4.39 美元</strong>，分別較上年增長 <strong>39% 和 20%</strong>。淨利差的擴大和 Northway 收購的整合對全年業績做出了貢獻。</p>
</div><h2><strong>Dividend and Capital Returns</strong></h2>
<div class="lb-trans"><h2><strong>股息和資本回報</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>董事會宣佈 <strong>每股 0.42 美元的季度股息</strong>，將於 1 月 30 日支付給 1 月 15 日的登記持有人，基於近期股價，年化收益率接近 <strong>3.7%</strong>。這延續了該銀行長期以來穩定的股息歷史。</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>卡姆登國家銀行還宣佈了一項 <strong>股票回購計劃，授權回購最多 850,000 股</strong>（約佔 <strong>流通股的 5%</strong>），顯示出對其資本狀況的信心。</p>
</div><h2><strong>52-Week Trend</strong></h2>
<div class="lb-trans"><h2><strong>52 周趨勢</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>在過去一年中，CAC 股票呈上升趨勢，尤其是在過去六個月中，投資者對區域銀行淨利差擴大的關注超過了對信用質量的擔憂。該股票仍在其 52 周高點範圍內，受到盈利勢頭和相對於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>行業和宏觀背景</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>卡姆登的業績發佈正值更廣泛的銀行業在應對利率上升和貸款增長放緩的潛在風險。像卡姆登這樣的區域銀行通常受益於淨利差的擴大，因為短期利率上升，但持續的存款競爭和成本壓力仍然是關鍵因素。相比之下，高增長的 <strong>SaaS 和軟件股票</strong> 在企業 IT 支出壓力和更高的折現率下繼續面臨估值挑戰，儘管卡姆登的報告中 <strong>並未直接提及</strong> 此類軟件行業動態。</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>管理層尚未就 2026 年發佈正式指導，但強調將繼續關注貸款增長、利潤率管理和 Northway 運營的整合。投資者將關注貸款需求、信用質量趨勢和在波動利率環境下的利潤率可持續性。</p>
</div><p>The post Camden National rises on solid Q4 earnings, expands dividend first appeared on AlphaStreet.</p>
<div class="lb-trans"><p>卡姆登國家銀行因強勁的第四季度業績而上漲，擴大股息的文章首次出現在 AlphaStreet 上。</p>
</div>

卡姆登國家銀行因第四季度穩健的收益而股價上漲，並擴大了股息