Q4 Net Interest Margin Rises to 3.29%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 27 2026
0mins
Should l Buy CAC?
Reports Q4 net interest margin up 13 basis points over Q3 to 3.29%, and core net interest margin up 10 basis points over the same period to 2.92%. Tangible book value per share increased 4% during Q4 to $29.69 at year-end. Common Equity Tier 1 ratio was 11.69%, Tier 1 risk-based ratio was 13.00%, total risk-based ratio was 13.95%, and Tier 1 leverage ratio was 9.12%. "We are delighted to report record-breaking quarterly performance, powered by strong execution of our strategic initiatives and continued expansion of our net interest margin, reaching 3.29% for the fourth quarter," said CEO Simon Griffiths. "Our balance sheet remains exceptionally strong and credit metrics continue to trend favorably. I extend my sincere thanks to our colleagues, whose dedication to our customers and communities has positioned us for an outstanding 2026 and an even brighter future. We are more confident than ever in our strategy to build the premier community bank in Northern New England, and our strong 2025 financial results provide a powerful foundation for the growth and opportunities ahead."
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Analyst Views on CAC
Wall Street analysts forecast CAC stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CAC is 45.00 USD with a low forecast of 45.00 USD and a high forecast of 45.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 49.680
Low
45.00
Averages
45.00
High
45.00
Current: 49.680
Low
45.00
Averages
45.00
High
45.00
About CAC
Camden National Corporation is a bank holding company for Camden National Bank (the Bank). The business of the Company is to attract deposits from and to extend loans to consumer, institutional, municipal, non-profit and commercial customers. The Company, through the Bank, provides a range of banking and other financial services, including wealth management and trust services, brokerage, investment advisory and insurance services to consumer, business, non-profit and municipal customers. The Bank’s digital products enable customers to bank anywhere at any time, including, but not limited to, online and mobile banking, which includes MortgageTouch, its easy-to-use online platform for consumer borrowers; BusinessTouch, its online loan application system with instant approval, making borrowing faster and easier for small businesses, and TreasuryLink, its secure online platform designed to offer advanced cash management, monitoring capabilities and controls for commercial customers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Camden National (CAC) Q4 2025 Earnings Transcript
See More
Camden National Reports Record Q4 Earnings
- Earnings Growth: Camden National Corp reported a record $22.6 million in earnings for Q4, a 6% increase from the previous quarter, indicating sustained improvement in profitability that is likely to boost investor confidence.
- Asset Management Expansion: As of December 31, 2025, assets under administration grew organically by 15% to $2.4 billion, demonstrating the company's increasing competitiveness and customer appeal in the market.
- Strong Loan Growth: Home equity lending saw a 6% increase in Q4 and an 18% increase for the year, reflecting strong consumer demand for loan products, which is expected to drive future revenue growth.
- Digital Transformation Success: Digital engagement among customers under 45 increased by 19% year-over-year, driven by the launch of new digital products like Family Wallet, showcasing the company's successful digital transformation that may further enhance customer loyalty.
See More
Camden National Corporation Reports Record Q4 2025 Earnings
- Record Quarterly Earnings: Camden National reported a net income of $22.6 million for Q4 2025, reflecting a 6% increase from the previous quarter, demonstrating the company's ongoing financial progress and strategic execution.
- Asset Management Growth: As of December 31, 2025, assets under administration grew by 15% to $2.4 billion, indicating successful efforts in expanding market share and client base.
- Significant Digital Transformation: The introduction of a no-fee family wallet youth banking platform led to a 19% year-over-year increase in digital engagement among customers under 45, showcasing the company's appeal and competitiveness in the younger demographic.
- Share Repurchase Program: The company announced a new share repurchase program allowing for the buyback of up to 850,000 shares, approximately 5% of outstanding shares, aimed at enhancing shareholder value and optimizing capital structure.
See More
Camden National Q4 Earnings Beat Expectations
- Earnings Beat: Camden National reported a Q4 non-GAAP EPS of $1.33, exceeding expectations by $0.01, indicating sustained profitability and competitive strength in the market.
- Significant Revenue Growth: The company achieved revenues of $68.05 million in Q4, a 43% year-over-year increase that surpassed expectations by $1.7 million, reflecting substantial progress in customer acquisition and market expansion, laying a strong foundation for future growth.
- Improved Return Metrics: As of December 31, 2025, the company reported a return on average assets of 1.28% and a return on average equity of 13.01%, indicating enhanced capital efficiency that boosts investor confidence.
- Net Interest Margin Increase: The net interest margin for Q4 rose by 13 basis points to 3.29% compared to Q3, while the core net interest margin increased by 10 basis points to 2.92%, demonstrating effective management of the balance sheet in a changing interest rate environment, thereby enhancing profitability.
See More
Camden National Reports Strong Q4 2025 Earnings Growth
- Quarterly Earnings Growth: Camden National reported net income of $22.6 million and diluted EPS of $1.33 for Q4 2025, reflecting a 6% increase from Q3 2025, showcasing the company's strong financial performance and continued strategic execution.
- Strong Asset Quality: As of December 31, 2025, the company's non-performing assets represented only 0.10% of total assets, with past-due loans at 0.16%, indicating effective credit management and risk control capabilities.
- Increased Net Interest Income: The net interest income for Q4 2025 reached $53.9 million, a 5% increase over Q3 2025, primarily driven by an expansion in net interest margin to 3.29%, which will further enhance the company's profitability and market competitiveness.
- Robust Capital Ratios: As of December 31, 2025, Camden National's Common Equity Tier 1 ratio stood at 11.69%, significantly exceeding regulatory requirements, demonstrating the strength of the company's capital structure post-Northway acquisition and its potential for future growth.
See More
Camden National Reports Strong Q4 2025 Earnings Growth
- Quarterly Net Income Growth: Camden National reported a net income of $22.6 million for Q4 2025, a 6% increase over Q3 2025, demonstrating strong execution of strategic initiatives and expansion of net interest margin, which enhances confidence in future growth.
- Earnings Per Share Increase: The diluted EPS for Q4 2025 was $1.33, reflecting a 6% rise from Q3 2025, indicating ongoing improvements in profitability and shareholder returns, further solidifying its market position in Northern New England.
- Strong Asset Quality: As of December 31, 2025, non-performing assets represented only 0.10% of total assets, showcasing effective credit risk management and bolstering investor confidence in the company's financial stability.
- Share Repurchase Program: On January 8, 2026, Camden National announced a share repurchase program for up to 850,000 shares, approximately 5% of its outstanding stock as of December 31, 2025, aimed at enhancing EPS and returning value to shareholders, reflecting confidence in its financial health.
See More
Camden National (CAC) Q4 2025 Earnings Transcript
See More
Camden National Reports Record Q4 Earnings
- Earnings Growth: Camden National Corp reported a record $22.6 million in earnings for Q4, a 6% increase from the previous quarter, indicating sustained improvement in profitability that is likely to boost investor confidence.
- Asset Management Expansion: As of December 31, 2025, assets under administration grew organically by 15% to $2.4 billion, demonstrating the company's increasing competitiveness and customer appeal in the market.
- Strong Loan Growth: Home equity lending saw a 6% increase in Q4 and an 18% increase for the year, reflecting strong consumer demand for loan products, which is expected to drive future revenue growth.
- Digital Transformation Success: Digital engagement among customers under 45 increased by 19% year-over-year, driven by the launch of new digital products like Family Wallet, showcasing the company's successful digital transformation that may further enhance customer loyalty.
See More
Camden National Corporation Reports Record Q4 2025 Earnings
- Record Quarterly Earnings: Camden National reported a net income of $22.6 million for Q4 2025, reflecting a 6% increase from the previous quarter, demonstrating the company's ongoing financial progress and strategic execution.
- Asset Management Growth: As of December 31, 2025, assets under administration grew by 15% to $2.4 billion, indicating successful efforts in expanding market share and client base.
- Significant Digital Transformation: The introduction of a no-fee family wallet youth banking platform led to a 19% year-over-year increase in digital engagement among customers under 45, showcasing the company's appeal and competitiveness in the younger demographic.
- Share Repurchase Program: The company announced a new share repurchase program allowing for the buyback of up to 850,000 shares, approximately 5% of outstanding shares, aimed at enhancing shareholder value and optimizing capital structure.
See More
Camden National Q4 Earnings Beat Expectations
- Earnings Beat: Camden National reported a Q4 non-GAAP EPS of $1.33, exceeding expectations by $0.01, indicating sustained profitability and competitive strength in the market.
- Significant Revenue Growth: The company achieved revenues of $68.05 million in Q4, a 43% year-over-year increase that surpassed expectations by $1.7 million, reflecting substantial progress in customer acquisition and market expansion, laying a strong foundation for future growth.
- Improved Return Metrics: As of December 31, 2025, the company reported a return on average assets of 1.28% and a return on average equity of 13.01%, indicating enhanced capital efficiency that boosts investor confidence.
- Net Interest Margin Increase: The net interest margin for Q4 rose by 13 basis points to 3.29% compared to Q3, while the core net interest margin increased by 10 basis points to 2.92%, demonstrating effective management of the balance sheet in a changing interest rate environment, thereby enhancing profitability.
See More
Camden National Reports Strong Q4 2025 Earnings Growth
- Quarterly Earnings Growth: Camden National reported net income of $22.6 million and diluted EPS of $1.33 for Q4 2025, reflecting a 6% increase from Q3 2025, showcasing the company's strong financial performance and continued strategic execution.
- Strong Asset Quality: As of December 31, 2025, the company's non-performing assets represented only 0.10% of total assets, with past-due loans at 0.16%, indicating effective credit management and risk control capabilities.
- Increased Net Interest Income: The net interest income for Q4 2025 reached $53.9 million, a 5% increase over Q3 2025, primarily driven by an expansion in net interest margin to 3.29%, which will further enhance the company's profitability and market competitiveness.
- Robust Capital Ratios: As of December 31, 2025, Camden National's Common Equity Tier 1 ratio stood at 11.69%, significantly exceeding regulatory requirements, demonstrating the strength of the company's capital structure post-Northway acquisition and its potential for future growth.
See More
Camden National Reports Strong Q4 2025 Earnings Growth
- Quarterly Net Income Growth: Camden National reported a net income of $22.6 million for Q4 2025, a 6% increase over Q3 2025, demonstrating strong execution of strategic initiatives and expansion of net interest margin, which enhances confidence in future growth.
- Earnings Per Share Increase: The diluted EPS for Q4 2025 was $1.33, reflecting a 6% rise from Q3 2025, indicating ongoing improvements in profitability and shareholder returns, further solidifying its market position in Northern New England.
- Strong Asset Quality: As of December 31, 2025, non-performing assets represented only 0.10% of total assets, showcasing effective credit risk management and bolstering investor confidence in the company's financial stability.
- Share Repurchase Program: On January 8, 2026, Camden National announced a share repurchase program for up to 850,000 shares, approximately 5% of its outstanding stock as of December 31, 2025, aimed at enhancing EPS and returning value to shareholders, reflecting confidence in its financial health.
See More
