Camden National Corporation (CAC) is a publicly traded Maine-based bank holding company that operates Camden National Bank and provides community banking, lending, wealth management, and advisory services across Maine and New Hampshire, with $7.0 billion in total assets as of December 31, 2025.

# Camden National Corporation

## Company overview
- Ticker: CAC  
- Type: Public bank holding company  
- Headquarters: Camden, Maine  
- Bank subsidiary: Camden National Bank (national banking association)  
- Total assets: $7.0 billion (as of December 31, 2025)  
- Employees: 683 (as of December 31, 2025)

## Core business model
Camden National attracts deposits and extends loans to consumer, institutional, municipal, non-profit, and commercial customers. Net interest income is the primary revenue source, representing:
- 2025: 79% of total revenues  
- 2024: 75% of total revenues  
- 2023: 81% of total revenues

Total revenues consist of net interest income plus non-interest income.

## Branches, digital products, and services
- Branch network: 72 branches across Maine and New Hampshire (as of December 31, 2025)  
- Digital offerings:
  - MortgageTouch — online platform for consumer borrowers  
  - BusinessTouch — online loan application for small business customers  
  - TreasuryLink — online cash management for commercial customers  
- Wealth and advisory services:
  - Camden National Wealth Management — fiduciary and asset management services  
  - Camden Financial Consultants — full-service brokerage and insurance  
  - Securities and advisory services offered through LPL Financial (not registered as a broker-dealer or investment advisor)  
- Online access: Banking products available via www.CamdenNational.bank and mobile app

## Growth and strategy
The company emphasizes profitable organic growth by deepening customer relationships and market penetration, and it pursues acquisitions that align with its culture and values. Recent transaction:
- Acquisition of Northway Financial, Inc. (completed January 2, 2025)
  - Added deposits: $971.9 million  
  - Added total assets: $1.2 billion  
  - Added branches in New Hampshire: 17

## Markets and geographic focus
- Primary markets: Maine and New Hampshire  
- Growth initiatives: Select expansion into Massachusetts markets and de novo branch development or acquisitions when opportunities arise  
- Business approach: Relationship-based community banking supported by digital capabilities

## Governance and regulation
- Camden National Bank is regulated by the Office of the Comptroller of the Currency (OCC); deposits are insured by the FDIC.  
- Camden National Corporation, as a bank holding company, is regulated by the Federal Reserve Board (FRB).  
- The company operates within regulatory frameworks covering capital adequacy, liquidity, risk management, and consumer protection.

Camden National Corporation is a regional community bank based in Maine, providing personalized financial services and expanding through acquisitions, with assets of $5.8 billion and a net income of $53 million in 2024.

# Summary of Camden National Corporation

## Overview
- **Type:** Publicly-held bank holding company  
- **Assets (as of December 31, 2024):** $5.8 billion  
- **Headquarters:** Camden, Maine  
- **Founded:** 1984; Went public in 1997  
- **Stock Trading Symbol:** NASDAQ CAC  
- **Employees:** 586 (as of December 31, 2024)  
- **Number of Shares Outstanding (as of February 25, 2025):** 16,864,810  

## Business Focus
Camden National Corporation is a diversified financial services provider and a community bank that serves individuals, families, and businesses. It emphasizes relationship banking, personalized financial guidance, and community support. 

## Core Business Operations
- **Main Activities:**  
  - Attracting deposits from and extending loans to:  
    - Consumer customers  
    - Institutional clients  
    - Municipal entities  
    - Non-profit organizations  
    - Commercial customers  
  - Providing a broad array of financial services including:  
    - Wealth management and trust services  
    - Brokerage services  
    - Investment advisory services  
    - Insurance services

- **Revenue Structure:**  
  - Net interest income is the primary revenue source, accounting for:  
    - 75% of total revenue in 2024  
    - 81% of total revenue in 2023  
    - 78% of total revenue in 2022  

- **Financial Performance (2024):**  
  - **Net Income:** $53.0 million  
  - **Diluted Earnings Per Share:** $3.62  
  - **Return on Average Assets:** 0.92%  
  - **Return on Average Equity:** 10.36%  
  - **Return on Tangible Equity:** 12.83%  
  - **Total Assets:** $5.8 billion  

## Customer and Market Details
- Operates **56 branches** across Maine and in New Hampshire (after acquiring Northway on January 2, 2025, adding 17 branches in New Hampshire).  
- Serves communities in **Northern New England** with a focus on local relationships and community involvement.  
- **Assets Under Management (as of December 31, 2024):** Approximately $1.2 billion in wealth management assets.  
- **Customer base:** Not explicitly quantified in the provided details, but includes retail customers, small business clients, and municipal entities across Maine, New Hampshire, and parts of Massachusetts.

## Recent Developments
- **Acquisition of Northway Financial, Inc.:**  
  - Completed on January 2, 2025  
  - Cost approximately $96.5 million in stock (about 2.3 million shares)  
  - Added roughly $971.9 million in deposits and $1.2 billion in assets  
  - Expanded presence in New Hampshire with 17 new branches  
  - Increased total assets of the combined company to approximately $7.0 billion as of January 2, 2025  

## Community and Corporate Values
- Committed to responsible corporate governance and community support through financing, donations, and employee volunteerism.  
- Advocates for social responsibility and making a positive impact in local communities.  

## Summary
Camden National Corporation operates as a regional community bank focused on personalized financial services, with a strong emphasis on relationship banking, community involvement, and expanding through strategic acquisitions like Northway. It maintains a robust financial profile with assets of $5.8 billion, a staff of 586 employees, and a net income of $53 million in 2024.

CAMDEN NATIONAL CORP

10-K / March 6, 2026

10-K / March 7, 2025

10-K / March 6, 2026

Camden National Corporation

Company overview

Core business model

Branches, digital products, and services

Growth and strategy

Markets and geographic focus

Governance and regulation