Camden National: Q1 Earnings Snapshot
By Ap News
Published - Apr 30, 2024, 08:24 AM ET
Last Updated - May 27, 2024, 01:05 AM EDT
CAMDEN, Maine (AP) — CAMDEN, Maine (AP) — Camden National Corp. (CAC) on Tuesday reported first-quarter earnings of $13.3 million.
The Camden, Maine-based bank said it had earnings of 91 cents per share. Earnings, adjusted for non-recurring gains, were 86 cents per share.
The bank posted revenue of $70.5 million in the period. Its revenue net of interest expense was $41.6 million, which did not meet Street forecasts.
Camden National shares have dropped 20% since the beginning of the year. The stock has decreased slightly more than 5% in the last 12 months.
