Camden National Corporation filed its Form 10-Q for the quarterly period ended June 30, 2026, reporting net income of $23.021 million for the second quarter and $44.904 million for the first six months of the year.

Key Highlights

  • Q2 net income: $23.021 million, up from $14.081 million in Q2 2025, according to the filing.
  • Diluted EPS: $1.35 for Q2 2026, compared to $0.83 for Q2 2025, as reported.
  • Net interest income: $52.939 million for Q2 2026, versus $49.209 million in Q2 2025.
  • Provision for credit losses: $710 thousand in Q2 2026, sharply lower than $6.920 million in Q2 2025.
  • Total assets: $6.951 billion as of June 30, 2026, compared to $6.975 billion at December 31, 2025.
  • Cash dividends declared per share: $0.42 for Q2 2026, unchanged from Q2 2025.
  • Shares outstanding: 16,896,273 as of June 30, 2026, per the consolidated balance sheet.

Camden National's Second Quarter 2026 Financial Results

Camden National Corporation (NASDAQ: CAC), a Maine-based banking company headquartered at 2 Elm Street, Camden, ME, disclosed its unaudited financial results for the three and six months ended June 30, 2026. The filing showed total interest income of $78.991 million for Q2 2026, compared to $79.323 million in Q2 2025. Total interest expense declined to $26.052 million from $30.114 million in the prior-year quarter, producing net interest income of $52.939 million for Q2 2026, up from $49.209 million in Q2 2025.

The company reported a provision for credit losses of $710 thousand in Q2 2026, a significant reduction from $6.920 million recorded in Q2 2025. The allowance for credit losses on loans stood at $45.604 million as of June 30, 2026, against total loans of $5.004 billion. Total non-interest income was $14.470 million for Q2 2026, compared to $13.067 million in Q2 2025, with contributions from debit card income ($3.786 million), service charges ($2.701 million), and fiduciary services ($2.220 million). Total non-interest expense was $37.358 million in Q2 2026, versus $37.596 million in Q2 2025; the prior-year period included $1.405 million in merger and acquisition costs, while no such costs were recorded in Q2 2026.

On the balance sheet, total deposits were $5.555 billion as of June 30, 2026, compared to $5.538 billion at December 31, 2025. Brokered deposits declined to $91.549 million from $130.565 million at year-end 2025. Total shareholders' equity increased to $725.926 million from $696.558 million at December 31, 2025, reflecting retained earnings of $575.804 million and accumulated other comprehensive loss of $62.896 million. The company reported basic earnings per share of $1.36 and diluted earnings per share of $1.35 for Q2 2026. As of July 30, 2026, common shares outstanding were 16,897,049, according to the filing's cover page.

What Was Disclosed

Camden National Corporation disclosed its unaudited quarterly financial statements for the period ended June 30, 2026, covering income, balance sheet, comprehensive income, and changes in shareholders' equity, filed as a Form 10-Q with the SEC on August 6, 2026.