Key Highlights

  • Camden National's $0.42 quarterly dividend has an October 15, 2026 ex-dividend date and is payable October 30 to shareholders of record.
  • The board declared it on September 29, 2026, matching the $0.42 payable July 31, 2026.
  • Second-quarter net income was a record $23.0 million, with diluted EPS of $1.35, up 5% from the first quarter.
  • Book value per share was $42.96, and tangible book value per share, a non-GAAP measure, was $31.64.

Camden National Corporation's (NASDAQ:CAC) $0.42 quarterly dividend yields 3.01% and sits beside record second-quarter net income of $23.0 million and diluted EPS of $1.35. The board declared it on September 29, 2026. The company's June release announced a $0.42 dividend payable July 31, 2026.

Dividend Program and Shareholder Returns

Camden's board declared a quarterly dividend of $0.42 per share on September 29, 2026, payable October 30 to shareholders of record at the close of business on October 15.

The company's second-quarter release announced a $0.42 dividend payable July 31, 2026 to shareholders of record on July 15. In the second quarter the company repurchased 52,000 shares at a weighted-average price of $47.64 per share, and 85,131 shares at $46.55 in the first half.

About the Company

Camden National is the bank holding company for Camden National Bank, founded in 1875, and describes itself as Northern New England's largest publicly traded bank holding company. It has $7.0 billion in assets and 72 banking centers in Maine and New Hampshire. The bank offers digital banking and Camden National Wealth Management services.

Financial Performance Behind the Payout

Camden reported record second-quarter net income of $23.0 million and diluted EPS of $1.35, versus $14.1 million and $0.83 a year earlier, and up 5% from the first quarter. Return on average assets was 1.33%, return on average equity was 12.92%, and return on average tangible equity, a non-GAAP measure, was 18.47%. First-half net income was a record $44.9 million, or $2.64 per diluted share, versus $21.4 million, or $1.26.

Net interest income was $52.9 million, up 1% from the first quarter, with a net interest margin of 3.26%, up 2 basis points, and a core net interest margin, a non-GAAP measure, of 2.97%. Net fair value mark accretion income was $4.0 million. Non-interest income was $14.5 million, up 21% from the first quarter, and non-interest expense was $37.4 million, up 5%.

The GAAP efficiency ratio was 55.42%, and the non-GAAP efficiency ratio was 53.23%. Book value per share was $42.96, and tangible book value per share, a non-GAAP measure, was $31.64, versus $41.98 and $30.58 at March 31, 2026.

Balance Sheet and Credit Quality

Total loans were $5.0 billion, up 1% from March 31, which the company described as 3% annualized growth, and the committed loan pipeline rose 45% to $185.7 million. Deposits were $5.6 billion, and the loan-to-deposit ratio was 90%. Assets under administration across the wealth and brokerage businesses were $2.6 billion, up 13% from a year earlier.

Non-performing loans were 0.24% of total loans, and the allowance for credit losses on loans was 0.91% of total loans. The provision for credit losses was $710,000. Capital ratios included a Common Equity Tier 1 ratio of 12.19% and a Tier 1 leverage ratio of 9.66%.

Outlook

Camden did not provide numerical earnings guidance in its second-quarter release. The company reports a total risk-based capital ratio of 14.43% and a tangible common equity ratio of 7.91% at June 30, 2026.