Camden National Reports Strong Q4 Earnings, Revenue
CAMDEN, Maine - Camden National Corp. (CAC) announced fourth-quarter earnings of $14.7 million, translating to earnings per share of $1.00. Excluding one-time items, earnings were $1.03 per share.
Revenue for the period reached $75.7 million, with net revenue (after interest expense) of $47.6 million, surpassing analyst expectations.
For the full year, Camden National reported a profit of $53 million, or $3.62 per share, on revenue of $177 million.
Since the start of the year, Camden National shares have witnessed a 4% increase. Over the past twelve months, the stock has surged by 21%.