Camden National Corporation concluded its 2025 fiscal year with a stable fourth quarter, announcing a new share repurchase initiative alongside solid earnings. The regional bank, serving Maine and New Hampshire, is targeting moderate loan growth and an improved net interest margin for the 2026 fiscal year.
Financial Highlights and Capital Return
The company’s board authorized a new stock buyback program, permitting the repurchase of up to 850,000 shares. This move is viewed by market observers as a sign of financial strength, indicating the bank possesses sufficient liquidity for capital management even amid typical seasonal fluctuations in deposits. The program is designed to optimize the firm’s capital structure.
- Q4 Net Income: $22.6 million (EPS: $1.33)
- Full-Year 2025 Net Income: $65.2 million
- Share Repurchase: Authorization for up to 850,000 shares
- Net Interest Margin: Expansion anticipated in Q1 2026
Year-End Earnings Strength
For the final quarter of 2025, Camden National generated net interest income of $53.92 million. Across the full 2025 period, this figure reached $203.26 million, with a diluted earnings per share of $3.84. The institution’s strategic focus, reinforced by the integration of its Northway acquisition, has solidified its profitability within its core regional markets.
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Guidance for the 2026 Fiscal Year
Management expressed confidence in its ability to enhance profitability in the current year. For the opening quarter of 2026, the bank forecasts a net interest margin expansion of several basis points. This expected improvement is supported by projected lower funding costs, estimated to decrease by approximately 7 to 10 basis points.
While deposit levels are anticipated to remain stable at the start of the year, the bank aims to achieve mid-single-digit percentage loan growth for the remainder of 2026. Operating expenses for Q1 2026 are projected to be in the range of $36 to $37 million, alongside non-interest income of up to $13 million. The actual performance of the net interest margin in the first quarter will serve as a crucial early indicator for the achievement of the bank’s full-year targets.
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