CAC Earnings Prediction
The chart below shows how CAC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CAC sees a -3.64% change in stock price 10 days leading up to the earnings, and a +2.63% change 10 days following the report. On the earnings day itself, the stock moves by +0.55%. This data can give you a slight idea of what to expect for the next quarter's release.
CAC Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
44.68M
22.99%
5.21%
Gross Margin
--
--
--
Operating Margin
42.26%
48.38%
7.64%
Net Margin
32.82%
40.62%
6.63%
EPS
1.00
72.41%
12.36%
No Data Available
CAC Earnings Analysis
Camden National Corp Corporation (CAC.O) Earnings Conference Call
Positive
Q4 Net Income Increase: GAAP net income for Q4 2024 was $14,700,000, reflecting a 12% increase over Q3 2024, with diluted earnings per share rising to $1.00, an 11% increase from the previous quarter.
Net Interest Margin Expansion: Net interest margin expanded by 11 basis points in Q4 2024, reaching 2.57%, driven by proactive management of deposit costs in response to Fed rate cuts.
Deposit Growth Overview: Deposits grew by 1% in Q4 2024, totaling $4,600,000,000, with a notable 7% increase in high yield savings product deposits during the quarter.
Wealth Management Asset Growth: Assets under administration in Wealth Management reached $2,100,000,000 as of December 31, 2024, marking a 12% increase compared to the previous year.
Non-Interest Income Increase: The non-interest income for Q4 2024 totaled $12,200,000, a 7% increase over Q3 2024, primarily due to higher Visa debit card bonuses and loan swap fees.
Negative
Loan Growth Stagnation: Loans totaled $4,100,000,000 at December 31, 2024, which was fairly flat compared to the previous quarter, indicating a stagnation in loan growth due to larger commercial loan payoffs.
Deposit Growth and Liquidity Concerns: Deposits grew only 1% to $4,600,000,000 in Q4 2024, with a significant anticipated outflow of approximately $62,000,000 in Q1 2025 from a large customer relationship, suggesting potential liquidity challenges ahead.
Non-Interest Income Analysis: Non-interest income for Q4 2024 was $12,200,000, which, despite a 7% increase from Q3, reflects reliance on one-time items such as the Visa debit card bonus and higher loan swap fees, indicating underlying income may be weaker.
Tangible Common Equity Decline: The tangible common equity ratio decreased to 7.64% at year-end, down from Q3, reflecting a decline in capital adequacy potentially impacting future growth and stability.
Mortgage Loan Pipeline Decline: The residential mortgage loan pipeline has slowed slightly, hovering around $50,000,000 to $55,000,000, with only $42,000,000 committed at December 31, indicating a weakening demand in the housing market.
CAC FAQs
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CAC Earning Call Sentiment
Earnings call transcript: Camden National Q4 2024 beats forecasts, stock rises
CAC.O
0.88%Positive
The earnings call presents mixed signals. Financial performance is solid with increased net income, EPS, and net interest margin. However, the absence of a dividend or share buyback program, along with potential merger integration risks and regulatory compliance issues, neutralizes the positive outlook. The Q&A session revealed some uncertainties, particularly regarding loan portfolio management and CECL provisions. The merger with Northway offers growth potential, but execution risks remain. Without market cap data, the overall sentiment is neutral, reflecting balanced positive and negative factors.
