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Stock impact report

Camden National Corp (CAC) Reports Q4 and Full Year 2023 Financial Results Amidst Market Challenges [Yahoo! Finance]

Camden National Corporation (CAC) 
Last camden national corporation earnings: 4/28 08:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
Asset Quality : Remains strong with non-performing assets at 0.13% of total assets. Capital Ratios : Common equity ratio improved to 8.66% and tangible common equity ratio to 7.11%. Loan Growth : Total loans increased by 1% since Q3 2023 and 2% year-over-year. Investments : Sold at a loss to improve future earnings, contributing to a pre-tax investment loss of $5.0 million. Deposits : Decreased by 2% since Q3 2023 and 5% year-over-year. Warning! GuruFocus has detected 4 Warning Sign with CAC. On January 30, 2024, Camden National Corp ( NASDAQ:CAC ) released its 8-K filing , detailing the financial results for the fourth quarter and the full year of 2023. The bank holding company, with $5.7 billion in assets, reported a net income of $8.5 million and diluted earnings per share (EPS) of $0.58 for the fourth quarter, marking a 13% decrease from the previous quarter. Camden National, known for its comprehensive banking solutions, faced significant challenges in 2023, includin Show less Read more
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