Camden National Corp. posts increase in Q3 earnings

File Photo / Renee Cordes Camden National Bank completed its acquisition of Conway, N.H.-based Northway Bank in early 2025.

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By Alexis Wells

Camden National Corp. (Nasdaq: CAC), the parent company of Camden National Bank, on Tuesday posted third-quarter results marking its strongest quarterly performance since 2021.

The third-quarter net income is $21.2 million, up from $13.6 million a year earlier. Core diluted earnings per share were $1.25, up from 94 cents for the same period last year.

"We are proud to report record third quarter earnings of $21.2 million, setting a new highwater mark for the organization, and diluted earnings per share of $1.25, marking our strongest quarterly performance since 2021," said Simon Griffiths, president and CEO of Camden National.

"These financial results reflect the strength and resilience of our core franchise and mark a pivotal moment for the organization," he continued. "With the successful acquisition and integration of Northway Financial Inc. earlier this year, we are well-positioned to accelerate growth and deliver sustained value for our shareholders."

Camden National Corp. is northern New England's largest publicly traded bank holding company, with $5.7 billion in assets and 57 banking centers in Maine and New Hampshire. The bank was founded in 1875 and remains headquartered in its namesake town.

Based on assets as of June 30, 2024, Camden National was ranked the second-largest Maine-based bank after Bangor Savings in the 2025 Mainebiz Book of Lists.