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 rise
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 46.740
Low
47.00
Averages
50.00
High
53.00
Current: 46.740
Low
47.00
Averages
50.00
High
53.00
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.
New Leaders Strengthen Regional Business Growth
- Strategic Appointments: Camden National Bank announced the addition of Nicholas Russo, Shaylah Begley, and Tyler McFarland to its New Hampshire team as Senior Vice Presidents and Vice President, aimed at enhancing commercial banking operations and supporting the long-term success of regional businesses.
- Extensive Industry Experience: Nicholas Russo brings over 14 years of commercial banking and credit experience from Enterprise Bank, where he held leadership roles, leveraging his strong credit expertise to help businesses structure strategic financing solutions that drive long-term growth.
- Client Relationship Management: Shaylah Begley, with over 20 years in commercial lending and relationship management, previously worked at Eastern Bank and BankProv, recognized for her consultative approach and deep understanding of client goals, enabling her to deliver tailored solutions that foster business confidence.
- Community Support Commitment: Tyler McFarland, with nearly five years in commercial lending, focuses on supporting businesses throughout the Seacoast and surrounding communities, reflecting Camden National Bank's ongoing investment in talent, relationships, and communities, aiming to simplify banking and enhance client experiences.
See More
New Leaders Strengthen Regional Presence
- Strategic Appointments: Camden National Bank announces the addition of three commercial banking leaders, with Nicholas Russo and Shaylah Begley as Senior Vice Presidents and Tyler McFarland as Vice President, reflecting the bank's commitment to expanding its commercial banking presence in New Hampshire.
- Extensive Industry Experience: Nicholas Russo brings over 14 years of commercial banking and credit experience from Enterprise Bank, where his strong credit expertise enables him to provide strategic financing solutions that support long-term business success.
- Client Relationship Focus: Shaylah Begley, with over 20 years in commercial lending and relationship management, previously worked at Eastern Bank and BankProv, and is known for her consultative approach that tailors solutions to help businesses grow confidently.
- Community Commitment: The new leaders will enhance Camden National Bank's capabilities in New Hampshire, driving the bank's expansion throughout Northern New England while focusing on delivering simpler, more personalized banking services to its clients.
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
New Leaders Strengthen Regional Business Growth
- Strategic Appointments: Camden National Bank announced the addition of Nicholas Russo, Shaylah Begley, and Tyler McFarland to its New Hampshire team as Senior Vice Presidents and Vice President, aimed at enhancing commercial banking operations and supporting the long-term success of regional businesses.
- Extensive Industry Experience: Nicholas Russo brings over 14 years of commercial banking and credit experience from Enterprise Bank, where he held leadership roles, leveraging his strong credit expertise to help businesses structure strategic financing solutions that drive long-term growth.
- Client Relationship Management: Shaylah Begley, with over 20 years in commercial lending and relationship management, previously worked at Eastern Bank and BankProv, recognized for her consultative approach and deep understanding of client goals, enabling her to deliver tailored solutions that foster business confidence.
- Community Support Commitment: Tyler McFarland, with nearly five years in commercial lending, focuses on supporting businesses throughout the Seacoast and surrounding communities, reflecting Camden National Bank's ongoing investment in talent, relationships, and communities, aiming to simplify banking and enhance client experiences.
See More
New Leaders Strengthen Regional Presence
- Strategic Appointments: Camden National Bank announces the addition of three commercial banking leaders, with Nicholas Russo and Shaylah Begley as Senior Vice Presidents and Tyler McFarland as Vice President, reflecting the bank's commitment to expanding its commercial banking presence in New Hampshire.
- Extensive Industry Experience: Nicholas Russo brings over 14 years of commercial banking and credit experience from Enterprise Bank, where his strong credit expertise enables him to provide strategic financing solutions that support long-term business success.
- Client Relationship Focus: Shaylah Begley, with over 20 years in commercial lending and relationship management, previously worked at Eastern Bank and BankProv, and is known for her consultative approach that tailors solutions to help businesses grow confidently.
- Community Commitment: The new leaders will enhance Camden National Bank's capabilities in New Hampshire, driving the bank's expansion throughout Northern New England while focusing on delivering simpler, more personalized banking services to its clients.
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
