Camden National Corporation (CAC)

Camden National Bank Strengthens Commercial and Treasury Capabilities with Experienced Banking TalentJune 17, 2026 2:14 PM
PR Newswire (US) Jennifer Demers and Keith Pike bring expanded commercial, treasury management, and public sector expertise to clients across Northern New EnglandCAMDEN, Maine, June 17, 2026 /PRNewswire/ -- Camden National Bank, a community bank serving customers since 1875, today announced the addition of Jennifer Demers as vice president, commercial banking officer, and Keith Pike as senior vice president, senior treasury management and government banking sales advisor. Their appointments strengthen the bank's ability to serve commercial, industrial, municipal, and institutional clients across Northern New England. Together, Demers and Pike bring deep expertise in commercial banking, treasury management, lending, and relationship management, expanding Camden National Bank's ability to deliver tailored financial solutions that support client growth, liquidity, and long-term success."Jennifer and Keith bring deep expertise, strong client relationships, and a clear understanding of the markets we serve," said Simon Griffiths, president and chief executive officer. "Their experience further strengthens our ability to deliver commercial, treasury management, and public sector solutions that help clients seize opportunities, manage liquidity, and support long-term growth."Jennifer Demers, based in Maine, brings experience in commercial lending, relationship management, and business development. Most recently, she served as vice president, business development manager, at JPMorgan Chase in Portland, where she helped expand the bank's presence in Maine. She also held banking roles at TD Bank, Key Private Bank, and Bank of America.Keith Pike, based in New Hampshire, brings more than 20 years of experience leading government, institutional, and commercial banking relationships across New England. Most recently, he served as senior vice president, head of government banking for New England, at TD Bank, where he led strategy for a $6.8 billion municipal portfolio across six states. He also brings treasury management experience that will help Camden National deliver cash management, liquidity and financing solutions for commercial and industrial clients.The addition of Demers and Pike reflects Camden National Bank's continued investment in experienced talent and specialized capabilities that help clients and communities succeed across Northern New England.About Camden National CorporationCamden National Corporation (NASDAQ: CAC) is Northern New England's largest publicly traded bank holding company, with $7.0 billion in assets. Founded in 1875, Camden National Bank, with 72 banking centers in Maine and New Hampshire, is a full-service community bank offering the latest digital banking services, complemented by award-winning, personalized support. Additional information is available at CamdenNational.bank. Member FDIC. Equal Housing Lender.Comprehensive wealth management, investment, and financial planning services are delivered by Camden National Wealth Management. View original content to download multimedia:https://www.prnewswire.com/news-releases/camden-national-bank-strengthens-commercial-and-treasury-capabilities-with-experienced-banking-talent-302803469.htmlSOURCE Camden National Bank Original: Camden National Bank Strengthens Commercial and Treasury Capabilities with Experienced Banking Talent

Camden National Bank Seeks Nominations for Leaders & Luminaries AwardsJune 11, 2026 3:43 PM
PR Newswire (US) Five nonprofit board leaders will receive $5,000 grants for organizations serving Maine and New HampshireCAMDEN, Maine, June 11, 2026 /PRNewswire/ -- Camden National Bank is accepting nominations for its 2026 Leaders & Luminaries Awards, an annual program recognizing outstanding nonprofit board members across Maine and New Hampshire. Five honorees will each receive a $5,000 grant for their nonprofit organization, totaling $25,000 in grants this year. "Strong communities are built by people who give their time, talent, and leadership to help others," said Renee Smyth, Chief Experience & Marketing Officer at Camden National Bank. "Leaders & Luminaries recognizes nonprofit board members whose governance, vision, and stewardship help organizations grow stronger and expand their impact."Nominations are open through Aug. 31, 2026. To learn more or submit a nomination, visit the Leaders & Luminaries page on Camden National Bank's website.Eligibility criteria include:Organizations must be tax-exempt under IRS Code Section 501(c)(3).Nominees must currently serve on the board and may not be employees of the organization.Organizations must be located and operating in Maine or New Hampshire; national nonprofits must nominate from a Maine or New Hampshire branch.Camden National Bank employees are not eligible to nominate or be nominated.Previous recipients are not eligible for five years.Only one nomination will be accepted per organization.Since 2011, Leaders & Luminaries has recognized 75 nonprofit board members and awarded $293,000 in grants to strengthen nonprofit organizations and advance their missions.Through the program, Camden National Bank continues to recognize leaders who help nonprofit organizations strengthen communities and expand their impact.About Camden National CorporationCamden National Corporation (NASDAQ: CAC) is Northern New England's largest publicly traded bank holding company, with $7.0 billion in assets. Founded in 1875, Camden National Bank, with 72 banking centers in Maine and New Hampshire, is a full-service community bank offering the latest digital banking services, complemented by award-winning, personalized support.Comprehensive wealth management, investment, and financial planning services are delivered by Camden National Wealth Management. View original content to download multimedia:https://www.prnewswire.com/news-releases/camden-national-bank-seeks-nominations-for-leaders--luminaries-awards-302798497.htmlSOURCE Camden National Bank Original: Camden National Bank Seeks Nominations for Leaders & Luminaries Awards

Camden National Corporation Delivers Solid First Quarter 2026 Results with Net Income of $21.9 Million and Diluted EPS of $1.29April 28, 2026 8:15 AM
PR Newswire (US)

CAMDEN, Maine, April 28, 2026 /PRNewswire/ -- Camden National Corporation (NASDAQ: CAC; "Camden National" or the "Company") reported net income of $21.9 million and diluted earnings per share ("EPS") of $1.29 for the quarter ended March 31, 2026, resulting in a return on average assets of 1.28%, a return on average equity of 12.58%, and a return on average tangible equity (non-GAAP) of 18.17%."Our reported net income of nearly $22 million for the first quarter reflects the benefits of the acquisition we completed last year, including our ability to efficiently scale the combined organization and accelerate our strategy to grow and strengthen our franchise," said Simon Griffiths, President and Chief Executive Officer of Camden National Corporation. "We delivered solid performance in the first quarter through strong asset quality, expense management and deposit growth. Looking ahead, we remain focused on sustained growth and disciplined execution as we continue to meet our customers' evolving needs through advice-based conversations."FIRST QUARTER 2026 HIGHLIGHTSNet income for the first quarter was $21.9 million, compared to $7.3 million for the first quarter of 2025 and $22.6 million for the fourth quarter of 2025 ("linked-quarter"). On a non-GAAP basis, adjusted net income was $21.9 million, compared to $15.8 million for the first quarter of 2025 and $22.6 million for the fourth quarter of 2025, representing a year-over-year increase of 39% and a linked-quarter decrease of 3%.Diluted EPS for the first quarter was $1.29, compared to $0.43 for the first quarter of 2025 and $1.33 for the fourth quarter of 2025. On a non-GAAP basis, adjusted diluted earnings per share was $1.29, compared to $0.93 for the first quarter of 2025 and $1.33 for the fourth quarter of 2025, representing a year-over-year increase of 39% and a linked-quarter decrease of 3%.The GAAP efficiency ratio for the first quarter was 55.50%, and the non-GAAP efficiency ratio was 53.21%, compared to 54.16% and 51.69%, respectively, for the fourth quarter of 2025.Book value per share was $41.98 and tangible book value per share (non-GAAP) was $30.58 at March 31, 2026, representing increases of 11% and 18%, respectively, compared to March 31, 2025.The Company repurchased 33,131 shares of its common stock at a weighted-average price of $44.85 during the first quarter of 2026.FINANCIAL OPERATING RESULTS (Q1 2026 vs. Q4 2025)Net interest income for the first quarter of 2026 totaled $52.4 million, a decrease of 3% from the fourth quarter of 2025. Net interest margin contracted 5 basis points to 3.24% during the first quarter, driven by lower fair value mark accretion income of $956,000 and a 1% decline in average interest-earning assets compared to the prior quarter. Core net interest margin was 2.92% for the first quarter of 2026 and the fourth quarter of 2025.Provision expense was $553,000 for the first quarter of 2026, compared to $3.0 million for the fourth quarter of 2025. Asset quality remained solid during the first quarter, as highlighted by an annualized net charge-offs-to average-loans ratio of 0.04% at March 31, 2026, compared to 0.26% on a quarterly basis at December 31, 2025.Non-interest income for the first quarter of 2026 totaled $12.0 million, compared to $14.1 million for the fourth quarter of 2025. The decrease between quarters was driven by a decline in debit card income, reflecting the timing of recognition of our annual Visa incentive bonus and typical debit card seasonality, as well as lower customer loan swap income and deposit-related service charge income, which we anticipate will normalize in the second quarter of 2026.Non-interest expense for the first quarter of 2026 totaled $35.7 million, a 3% decrease compared to the fourth quarter of 2025. The linked-quarter decline was primarily driven by the timing of certain retirement plan costs related to former Northway employees that were incurred in the fourth quarter of 2025, and lower performance incentive accruals and regulatory assessment fees. The Company's GAAP and non-GAAP efficiency ratios for the first quarter of 2026 were 55.50% and 53.21% compared to 54.16% and 51.69%, respectively, for the fourth quarter of 2025.FINANCIAL CONDITIONTotal assets were $7.0 billion at March 31, 2026 and December 31, 2025.Investments totaled $1.4 billion at March 31, 2026, representing a 3% decrease from December 31, 2025.Total Loans were $5.0 billion at both March 31, 2026 and December 31, 2025, reflecting typical seasonal patterns for the first quarter. The Company entered the second quarter with a committed loan pipeline of $128.3 million.The Company's asset quality continues to be strong, supported by healthy credit metrics, including past-due loans of 0.06% of total loans and non-performing assets of 0.16% of total assets. The allowance for credit losses ("ACL") on loans increased one basis point during the quarter to 0.92% of total loans at March 31, 2026. The ACL coverage ratio was 4.2 times non-performing loans at March 31, 2026, compared to 6.4 times at December 31, 2025.Deposits totaled $5.6 billion at March 31, 2026, representing a 1% increase from December 31, 2025, driven by the success of the Company's high-yield savings product and recent onboarding of new business deposit customers. The increase in deposits enabled the Company to reduce higher-cost, short-term borrowings by $68.3 million during the quarter. As of March 31, 2026, the Company's loan-to-deposit ratio was 89%, compared to 90% at December 31, 2025.As of March 31, 2026, the Company maintained capital ratios well in excess of all regulatory requirements, including a Common Equity Tier 1 ratio of 12.01%, a Tier 1 risk-based ratio of 13.32%, a total risk-based ratio of 14.27%, and a Tier 1 leverage ratio of 9.43%.The Company announced a cash dividend of $0.42 per share, representing an annualized dividend yield of 3.54%, based on the Company's closing share price of $47.45 as reported by NASDAQ on March 31, 2026. The dividend will be payable on April 30, 2026, to shareholders of record on April 15, 2026.Q1 2026 CONFERENCE CALLCamden National Corporation will host a conference call and webcast at 3:00 p.m. Eastern Time on Tuesday, April 28, 2026, to discuss its first quarter of 2026 financial results and outlook. Participants should dial into the call 10 - 15 minutes before it begins. Information about the conference call is as follows:Live dial-in (Domestic):      (833) 461-5787
Link to obtain live dial-in
(All other locations):           https://help.events.q4inc.com/eahc/international-dial-in-numbers
Meeting ID:                         616576518
Live webcast URL:             https://events.q4inc.com/attendee/616576518A link to the live webcast will be available on Camden National's website under "About — Investor Relations" at CamdenNational.bank before the meeting, and a replay of the webcast will be available on Camden National's website following the conference call. The conference call transcript will also be available on Camden National's website approximately two days after the conference call.ABOUT CAMDEN NATIONAL CORPORATIONCamden National Corporation (NASDAQ: CAC) is Northern New England's largest publicly traded bank holding company, with $7.0 billion in assets. Founded in 1875, Camden National Bank has 72 banking centers in Maine and New Hampshire and is a full-service community bank offering the latest digital banking, complemented by award-winning, personalized service. Additional information is available at CamdenNational.bank. Member FDIC. Equal Housing Lender.Comprehensive wealth management, investment, and financial planning services are delivered by Camden National Wealth Management.FORWARD-LOOKING STATEMENTSCertain statements contained in this press release that are not statements of historical fact constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including certain plans, expectations, goals, projections, and other statements, which are subject to numerous risks, assumptions, and uncertainties. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words like "believe," "expect," "anticipate," "estimate," and "intend" or future or conditional verbs such as "will," "would," "should," "could," or "may." Certain factors that could cause actual results to differ materially from expected results include increased competitive pressures; inflation; ongoing competition in labor markets and employee turnover; deterioration in the value of Camden National's investment securities; changes in consumer spending and savings habits; changes in the interest rate environment; changes in general economic conditions, including as a result of tariffs and retaliatory tariffs; operational risks including, but not limited to, cybersecurity, fraud, pandemics and natural disasters; legislative and regulatory changes that adversely affect the business in which Camden National is engaged; turmoil and volatility in the financial services industry, including failures or rumors of failures of other depository institutions which could affect Camden National's ability to attract and retain depositors, and could affect the ability of financial services providers, including the Company, to borrow or raise capital; actions taken by governmental agencies to stabilize the financial system and the effectiveness of such actions; changes to regulatory capital requirements; changes in the securities markets and other risks and uncertainties disclosed from time to time in Camden National's Annual Report on Form 10-K for the year ended December 31, 2025, as updated by other filings with the Securities and Exchange Commission ("SEC"). Further, statements regarding the potential effects of notable and global current events, including hostilities in Iran and recent rulings on the permissibility of certain tariffs, on the Company's business, financial condition, liquidity and results of operations may constitute forward-looking statements and are subject to the risk that the actual effects may differ, possibly materially, from what is reflected in those forward-looking statements due to factors and future developments that are uncertain, unpredictable and in many cases beyond the Company's control. Camden National does not have any obligation to update forward-looking statements.USE OF NON-GAAP MEASURESIn addition to evaluating the Company's results of operations in accordance with generally accepted accounting principles in the United States ("GAAP"), management supplements this evaluation with certain non-GAAP financial measures such as: adjusted net income; adjusted diluted earnings per share; adjusted return on average assets; adjusted return on average equity; pre-tax, pre-provision income; adjusted pre-tax, pre-provision income; return on average tangible equity and adjusted return on average tangible equity; the efficiency and tangible common equity ratios; core net interest margin; and tangible book value per share. Management utilizes these non-GAAP financial measures for purposes of measuring our performance against our peer group and other financial institutions and analyzing our internal performance. We also believe these non-GAAP financial measures help investors better understand the Company's operating performance and trends and allow for better performance comparisons to other financial institutions. In addition, these non-GAAP financial measures remove the impact of unusual items that may obscure trends in the Company's underlying performance. These disclosures should not be viewed as a substitute for GAAP operating results, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other financial institutions. Reconciliations to the comparable GAAP financial measures can be found in this document.ANNUALIZED DATACertain returns, yields and performance ratios are presented on an "annualized" basis. This is done for analytical and decision-making purposes to better discern underlying performance trends when compared to full-year or year-over-year amounts. Annualized data may not be indicative of any four-quarter period and is presented for illustrative purposes only. Selected Financial Data(unaudited)


At or For TheThree Months Ended(In thousands, except number of shares and per share data)
March 31,
2026
December 31,
2025
March 31,
2025Financial Condition Data





Loans
$ 4,963,017
$  4,965,138
$  4,885,086Total assets
6,961,581
6,974,584
6,964,785Deposits
5,585,352
5,537,781
5,597,478Shareholders' equity
710,007
696,558
640,054Operating Data and Per Share Data





Net income
$     21,883
$     22,559
$       7,326Pre-tax, pre-provision income (non-GAAP)(1)
28,630
31,192
15,603Diluted EPS
1.29
1.33
0.43Profitability Ratios





Return on average assets
1.28 %
1.28 %
0.43 %Return on average equity
12.58 %
13.01 %
4.75 %Return on average tangible equity (non-GAAP)(1)
18.17 %
19.06 %
8.06 %GAAP efficiency ratio
55.50 %
54.16 %
74.02 %Efficiency ratio (non-GAAP)(1)
53.21 %
51.69 %
58.72 %Net interest margin (fully-taxable equivalent)
3.24 %
3.29 %
3.04 %Core net interest margin (fully-taxable equivalent) (non-GAAP)(1)
2.92 %
2.92 %
2.68 %Asset Quality Ratios





ACL on loans to total loans
0.92 %
0.91 %
0.96 %Non-performing loans to total loans
0.22 %
0.14 %
0.15 %Capital Ratios





Common equity ratio
10.20 %
9.99 %
9.19 %Tangible common equity ratio (non-GAAP)(1)
7.64 %
7.41 %
6.49 %Book value per share
$      41.98
$       41.16
$       37.91Tangible book value per share (non-GAAP)(1)
$      30.58
$       29.69
$       26.02Tier 1 leverage capital ratio
9.43 %
9.12 %
8.58 %Total risk-based capital ratio
14.27 %
13.95 %
13.13 %(1)  This is a non-GAAP measure, please see "Reconciliation of non-GAAP to GAAP Financial Measures (unaudited)." Consolidated Statements of Condition Data (unaudited)
(In thousands)
March 31,
2026
December 31,
2025
March 31,
2025
% Change
Mar 2026
vs. Dec
2025
% Change
Mar 2026
vs. Mar
2025ASSETS









Cash, cash equivalents and restricted cash
$       133,736
$        97,492
$       219,414
37 %
(39) %Investments:









Trading securities
4,383
5,747
4,860
(24) %
(10) %Available-for-sale securities, at fair value
901,617
930,401
836,130
(3) %
8 %Held-to-maturity securities, at amortized cost
473,257
485,292
516,682
(2) %
(8) %Other investments
23,411
26,497
26,284
(12) %
(11) %Total investments
1,402,668
1,447,937
1,383,956
(3) %
1 %Loans held for sale, at fair value
17,618
15,040
11,059
17 %
59 %Loans:









Commercial real estate
2,195,741
2,185,105
2,067,098
— %
6 %Commercial
414,694
417,439
487,409
(1) %
(15) %Residential real estate
1,993,435
2,012,922
2,028,062
(1) %
(2) %Home equity
342,874
332,256
283,491
3 %
21 %Consumer
16,273
17,416
19,026
(7) %
(14) %Total loans
4,963,017
4,965,138
4,885,086
— %
2 %      Less: allowance for credit losses on loans
(45,576)
(45,276)
(46,723)
1 %
(2) %       Net loans
4,917,441
4,919,862
4,838,363
— %
2 %Goodwill and core deposit intangible assets
192,731
194,085
200,770
(1) %
(4) %Other assets
297,387
300,168
311,223
(1) %
(4) %Total assets
$     6,961,581
$     6,974,584
$     6,964,785
— %
— %LIABILITIES AND SHAREHOLDERS' EQUITY









Liabilities









Deposits:









Non-interest checking
$     1,077,696
$     1,113,450
$     1,132,648
(3) %
(5) %Interest checking
1,770,622
1,703,971
1,714,944
4 %
3 %Savings and money market
1,966,149
1,910,708
1,828,332
3 %
8 %Certificates of deposit
652,002
679,087
703,873
(4) %
(7) %Brokered deposits
118,883
130,565
217,681
(9) %
(45) %Total deposits
5,585,352
5,537,781
5,597,478
1 %
— %Short-term borrowings
513,429
581,780
567,436
(12) %
(10) %Long-term borrowings
1,000
1,000
—
— %
N.M.Junior subordinated debentures
61,590
61,515
61,290
— %
— %Accrued interest and other liabilities
90,203
95,950
98,527
(6) %
(8) %Total liabilities
6,251,574
6,278,026
6,324,731
— %
(1) %Commitments and Contingencies









Shareholders' Equity









Common stock, no par value
214,693
215,797
213,589
(1) %
1 %Retained earnings
559,885
545,149
508,720
3 %
10 %Accumulated other comprehensive loss:









Net unrealized loss on debt securities, net of tax
(71,141)
(70,405)
(89,613)
1 %
(21) %Net unrealized gain on cash flow hedging derivative instruments, net of tax
6,042
5,478
6,953
10 %
(13) %Net unrecognized gain on postretirement plans, net of tax
528
539
405
(2) %
30 %Total accumulated other comprehensive loss
(64,571)
(64,388)
(82,255)
— %
(21) %Total shareholders' equity
710,007
696,558
640,054
2 %
11 %Total liabilities and shareholders' equity
$     6,961,581
$     6,974,584
$     6,964,785
— %
— %N.M. = Not meaningful Consolidated Statements of Income Data(unaudited)


For TheThree Months Ended



(In thousands, except per share data)
March 31,
2026
December 31,
2025
March 31,
2025
% Change
Mar 2026 vs.
Dec 2025
% Change
Mar 2026 vs.
Mar 2025Interest Income









Interest and fees on loans
$        66,679
$        70,032
$        66,549
(5) %
— %Taxable interest on investments
10,296
10,489
9,772
(2) %
5 %Nontaxable interest on investments
455
455
468
— %
(3) %Dividend income
413
457
520
(10) %
(21) %Other interest income
528
610
1,086
(13) %
(51) %Total interest income
78,371
82,043
78,395
(4) %
— %Interest Expense









Interest on deposits
21,648
23,353
24,621
(7) %
(12) %Interest on borrowings
3,476
3,867
4,018
(10) %
(13) %Interest on junior subordinated debentures
889
905
898
(2) %
(1) %Total interest expense
26,013
28,125
29,537
(8) %
(12) %Net interest income
52,358
53,918
48,858
(3) %
7 %Provision for credit losses
553
2,969
9,429
(81) %
N.M.Net interest income after provision for credit losses
51,805
50,949
39,429
2 %
31 %Non-Interest Income









Debit card income
3,422
4,689
3,233
(27) %
6 %Service charges on deposit accounts
2,158
2,558
2,318
(16) %
(7) %Income from fiduciary services
2,014
1,927
1,838
5 %
10 %Brokerage and insurance commissions
1,735
1,674
1,697
4 %
2 %Mortgage banking income, net
828
863
508
(4) %
63 %Bank-owned life insurance
791
820
660
(4) %
20 %Other income
1,032
1,603
942
(36) %
10 %Total non-interest income
11,980
14,134
11,196
(15) %
7 %Non-Interest Expense









Salaries and employee benefits
19,615
20,077
20,243
(2) %
(3) %Furniture, equipment and data processing
4,644
4,571
4,731
2 %
(2) %Net occupancy costs
3,059
2,795
3,033
9 %
1 %Debit card expense
1,616
1,653
1,690
(2) %
(4) %Amortization of core deposit intangible assets
1,354
1,474
1,473
(8) %
(8) %Regulatory assessments
907
1,146
986
(21) %
(8) %Consulting and professional fees
921
999
1,498
(8) %
(39) %Merger and acquisition costs
—
41
7,525
(100) %
(100) %Other real estate owned and collection costs, net
6
43
90
(86) %
(93) %Other expenses
3,586
4,061
3,182
(12) %
13 %Total non-interest expense
35,708
36,860
44,451
(3) %
(20) %Income before income tax expense (benefit)
28,077
28,223
6,174
(1) %
355 %Income Tax Expense (Benefit)
6,194
5,664
(1,152)
9 %
(638) %Net Income
$        21,883
$        22,559
$         7,326
(3) %
199 %Per Share Data









Basic earnings per share
$          1.29
$          1.34
$          0.43
(4) %
200 %Diluted earnings per share
$          1.29
$          1.33
$          0.43
(3) %
200 %N.M. = Not meaningful Quarterly Average Balance and Yield/Rate Analysis(unaudited)


Average Balance
Yield/Rate

For The Three Months Ended
For The Three Months Ended(Dollars in thousands)
March 31,
2026
December 31,
2025
March 31,
2025
March 31,
2026
December 31,
2025
March 31,
2025Assets











Interest-earning assets:











Interest-bearing deposits in other banks and other interest-earning assets
$       32,360
$       42,711
$       84,211
4.70 %
4.20 %
4.44 %Investments - taxable
1,395,629
1,393,828
1,375,818
3.11 %
3.18 %
3.04 %Investments - nontaxable(1)
61,137
61,184
62,485
3.77 %
3.77 %
3.79 %Loans(2):











Commercial real estate
2,183,289
2,182,891
2,065,534
5.61 %
5.79 %
5.69 %Commercial(1)
360,451
371,987
409,037
6.12 %
6.36 %
6.37 %Municipal(1)
51,070
93,664
90,554
5.18 %
4.65 %
6.17 %Residential real estate
2,018,838
2,031,695
2,034,024
4.77 %
4.87 %
4.71 %Home equity
336,593
323,238
283,516
6.67 %
6.94 %
7.27 %Consumer
16,769
17,718
19,631
9.43 %
9.40 %
9.13 %     Total loans 
4,967,010
5,021,193
4,902,296
5.39 %
5.52 %
5.45 %Total interest-earning assets
6,456,136
6,518,916
6,424,810
4.88 %
5.00 %
4.91 %Other assets
477,500
479,563
477,556





Total assets
$    6,933,636
$    6,998,479
$    6,902,366


















Liabilities & Shareholders' Equity











Deposits:











Non-interest checking
$    1,088,115
$    1,174,537
$    1,107,398
— %
— %
— %Interest checking
1,682,848
1,674,762
1,703,056
1.60 %
1.73 %
1.85 %Savings
1,114,741
1,059,967
894,803
1.41 %
1.36 %
0.98 %Money market
815,112
832,435
918,637
2.32 %
2.46 %
2.63 %Certificates of deposit
665,552
690,278
706,851
3.17 %
3.38 %
3.72 %Total deposits
5,366,368
5,431,979
5,330,745
1.54 %
1.61 %
1.70 %Borrowings:











Brokered deposits
129,178
127,995
196,510
3.99 %
4.21 %
4.62 %Customer repurchase agreements
256,619
264,926
236,437
0.93 %
1.05 %
1.29 %Junior subordinated debentures
61,545
61,479
61,282
5.85 %
5.84 %
5.94 %Other borrowings
324,853
338,290
348,402
3.60 %
3.71 %
3.80 %Total borrowings
772,195
792,690
842,631
2.96 %
3.07 %
3.44 %Total funding liabilities
6,138,563
6,224,669
6,173,376
1.72 %
1.79 %
1.94 %Other liabilities
89,737
85,874
103,201





Shareholders' equity
705,336
687,936
625,789





Total liabilities & shareholders' equity
$    6,933,636
$    6,998,479
$    6,902,366





Net interest rate spread (fully-taxable equivalent)
3.16 %
3.21 %
2.97 %Net interest margin (fully-taxable equivalent)
3.24 %
3.29 %
3.04 %Core net interest margin (fully-taxable equivalent)(3)
2.92 %
2.92 %
2.68 %(1)Reported on a tax-equivalent basis calculated using the federal corporate income tax rate of 21%, including certain commercial loans.(2)Non-accrual loans and loans held for sale are included in total average loans.(3)This is a non-GAAP measure. Please see "Reconciliation of non-GAAP to GAAP Financial Measures (unaudited)." Asset Quality Data(unaudited)
(In thousands)
At or for theThree Months EndedMarch 31, 2026
At or for theYear EndedDecember 31, 2025
At or for theNine Months EndedSeptember 30, 2025
At or for theSix Months EndedJune 30, 2025
At or for theThree Months EndedMarch 31, 2025Non-accrual loans:









Residential real estate
$        2,252
$        2,667
$        3,393
$        3,678
$        4,322Commercial real estate
5,420
639
134
145
271Commercial
2,689
3,042
4,103
13,514
1,803Home equity
596
672
697
834
848Consumer
2
3
3
6
7Total non-accrual loans
10,959
7,023
8,330
18,177
7,251Accruing loans past due 90 days
—
—
—
—
—Total non-performing loans
10,959
7,023
8,330
18,177
7,251Other real estate owned
—
—
—
72
72Total non-performing assets
$       10,959
$        7,023
$        8,330
$       18,249
$        7,323Loans 30-89 days past due:









Residential real estate
$          772
$        1,565
$          725
$        1,519
$        1,754Commercial real estate
569
5,284
5,014
1,120
380Commercial
1,350
541
1,865
884
767Home equity
328
713
456
457
301Consumer
58
59
37
134
139Total loans 30-89 days past due
$        3,077
$        8,162
$        8,097
$        4,114
$        3,341ACL on loans at the beginning of the period
$       45,276
$       35,728
$       35,728
$       35,728
$       35,728ACL established on acquired PCD loans(1)
—
3,071
3,071
3,071
3,071Provision for loan losses
806
22,031
19,009
15,469
8,873Charge-offs:









Residential real estate
—
4
4
4
4Commercial real estate
—
3,220
218
191
191Commercial
627
12,659
12,320
1,245
896Home equity
—
21
21
3
3Consumer
43
185
152
102
26Total charge-offs 
670
16,089
12,715
1,545
1,120Total recoveries 
(164)
(535)
(408)
(299)
(171)Net charge-offs
506
15,554
12,307
1,246
949ACL on loans at the end of the period
$       45,576
$       45,276
$       45,501
$       53,022
$       46,723Components of ACL:









ACL on loans
$       45,576
$       45,276
$       45,501
$       53,022
$       46,723ACL on off-balance sheet credit exposures(2)
2,810
3,064
3,117
3,685
3,362ACL, end of period
$       48,386
$       48,340
$       48,618
$       56,707
$       50,085Ratios:









Non-performing loans to total loans
0.22 %
0.14 %
0.17 %
0.37 %
0.15 %Non-performing assets to total assets
0.16 %
0.10 %
0.12 %
0.26 %
0.11 %ACL on loans to total loans
0.92 %
0.91 %
0.91 %
1.08 %
0.96 %Net charge-offs to average loans (annualized):









Quarter-to-date
0.04 %
0.26 %
0.89 %
0.02 %
0.08 %Year-to-date
0.04 %
0.31 %
0.33 %
0.05 %
0.08 %ACL on loans to non-performing loans
415.88 %
644.68 %
546.23 %
291.70 %
644.37 %Loans 30-89 days past due to total loans
0.06 %
0.16 %
0.16 %
0.08 %
0.07 %(1)Purchase credit deteriorated ("PCD").(2)Presented within accrued interest and other liabilities on the consolidated statements of condition. Reconciliation of non-GAAP to GAAP Financial Measures (unaudited) Adjusted Net Income; Adjusted Diluted Earnings per Share; Adjusted Return on Average Assets; and Adjusted Return on Average Equity:

For theThree Months Ended(In thousands, except number of shares, per share data and ratios)
March 31,
2026
December 31,
2025
March 31,
2025Adjusted Net Income:





Net income, as presented
$      21,883
$      22,559
$        7,326Adjustments before taxes:





Provision for non-PCD acquired loans
—
—
6,294Provision for acquired unfunded commitments
—
—
249Merger and acquisition costs
—
41
7,525Total adjustments before taxes
—
41
14,068Tax impact of above adjustments, as applicable(1)
—
(9)
(3,205)Adjustment for deferred tax valuation adjustment(2)
—
—
(2,421)Adjusted net income
$      21,883
$      22,591
$      15,768






Adjusted Diluted Earnings per Share:





Diluted earnings per share, as presented
$         1.29
$         1.33
$         0.43Adjustments before taxes:





Provision for non-PCD acquired loans
—
—
0.37Provision for acquired unfunded commitments
—
—
0.01Merger and acquisition costs
—
—
0.45Total adjustments before taxes
—
—
0.83Tax impact of above adjustments, as applicable(1)
—
—
(0.19)Adjustment for deferred tax valuation adjustment(2)
—
—
(0.14)Adjusted diluted earnings per share
$         1.29
$         1.33
$         0.93






Adjusted Return on Average Assets:





Return on average assets, as presented
1.28 %
1.28 %
0.43 %Adjustments before taxes:





Provision for non-PCD acquired loans
— %
— %
0.37 %Provision for acquired unfunded commitments
— %
— %
0.01 %Merger and acquisition costs
— %
— %
0.44 %Total adjustments before taxes
— %
— %
0.82 %Tax impact of above adjustments, as applicable(1)
— %
— %
(0.19) %Adjustment for deferred tax valuation adjustment(2)
— %
— %
(0.14) %Adjusted return on average assets
1.28 %
1.28 %
0.92 %






Adjusted Return on Average Equity:





Return on average equity, as presented
12.58 %
13.01 %
4.75 %Adjustments before taxes:





Provision for non-PCD acquired loans
— %
— %
4.08 %Provision for acquired unfunded commitments
— %
— %
0.16 %Merger and acquisition costs
— %
0.02 %
4.88 %Total adjustments before taxes
— %
0.02 %
9.12 %Tax impact of above adjustments, as applicable(1)
— %
— %
(2.08) %Adjustment for deferred tax valuation adjustment(2)
— %
— %
(1.57) %Adjusted return on average equity
12.58 %
13.03 %
10.22 %(1)Calculated using an estimated combined marginal income tax rate of 23%.(2)A one-time deferred tax valuation adjustment of $2.4 million resulted from a change in the apportionment of state income taxes due to the Northway acquisition. Pre-Tax, Pre-Provision Income and Adjusted Pre-Tax, Pre-Provision Income:

For theThree Months Ended(In thousands)
March 31,
2026
December 31,
2025
March 31,
2025Net income, as presented
$         21,883
$         22,559
$          7,326Adjustment for provision for credit losses
553
2,969
9,429Adjustment for income tax expense (benefit)
6,194
5,664
(1,152) Pre-tax, pre-provision income
28,630
31,192
15,603Adjustment for merger and acquisition costs
—
41
7,525Adjusted pre-tax, pre-provision income
$         28,630
$         31,233
$         23,128 Efficiency Ratio:







For theThree Months Ended(Dollars in thousands)
March 31,
2026
December 31,
2025
March 31,
2025Non-interest expense, as presented
$       35,708
$       36,860
$       44,451Adjustment for merger and acquisition costs
—
(41)
(7,525)Adjustment for amortization of core deposit intangible assets
(1,354)
(1,474)
(1,473)Adjusted non-interest expense
$       34,354
$       35,345
$       35,453Net interest income, as presented
$       52,358
$       53,918
$       48,858Adjustment for the effect of tax-exempt income(1)
225
331
326Non-interest income, as presented
11,980
14,134
11,196Adjusted net interest income plus non-interest income
$       64,563
$       68,383
$       60,380GAAP efficiency ratio
55.50 %
54.16 %
74.02 %Non-GAAP efficiency ratio
53.21 %
51.69 %
58.72 %(1)Reported on a tax-equivalent basis using a 21% income tax rate. Return on Average Tangible Equity and Adjusted Return on Average Tangible Equity:

For theThree Months Ended(Dollars in thousands)
March 31,
2026
December 31,
2025
March 31,
2025Return on Average Tangible Equity:





Net income, as presented
$       21,883
$       22,559
$        7,326Adjustment for amortization of core deposit intangible assets
1,354
1,474
1,473Tax impact of above adjustment(1)
(311)
(339)
(339)Net income, adjusted for amortization of core deposit intangible assets
$       22,926
$       23,694
$        8,460Average equity, as presented
$      705,336
$      687,936
$      625,789Adjustment for average goodwill and core deposit intangible assets
(193,554)
(194,800)
(200,125)Average tangible equity
$      511,782
$      493,136
$      425,664Return on average equity
12.58 %
13.01 %
4.75 %Return on average tangible equity
18.17 %
19.06 %
8.06 %Adjusted Return on Average Tangible Equity:





Adjusted net income (refer to the "Adjusted Net Income" non-GAAP reconciliation table)
$       21,883
$       22,591
$       15,768Adjustment for amortization of core deposit intangible assets
1,354
1,474
1,473Tax impact of above adjustment(1)
(311)
(339)
(339)Adjusted net income, adjusted for amortization of core deposit intangible assets
$       22,926
$       23,726
$       16,902Adjusted return on average tangible equity
18.17 %
19.09 %
16.10 %(1)Calculated using an estimated combined marginal income tax rate of 23%. Core Net Interest Margin (fully-taxable equivalent):

For theThree Months Ended(In thousands)
March 31,
2026
December 31,
2025
March 31,
2025Net interest margin, tax equivalent, as presented
3.24 %
3.29 %
3.04 %Net accretion income on loans from purchase accounting(1)
(0.26) %
(0.31) %
(0.30) %Net accretion income on investments from purchase accounting(2)
(0.06) %
(0.07) %
(0.07) %Net amortization on time deposits and borrowings from purchase accounting(3)
— %
0.01 %
0.01 %Core net interest margin (fully-taxable equivalent)
2.92 %
2.92 %
2.68 %

(1)Recognized $3.7 million, $4.6 million and $4.3 million of net accretion income on loans from purchase accounting for the three months ended March 31, 2026, December 31, 2025 and March 31, 2025, respectively.(2)Recognized $759,000, $857,000 and $831,000 of net accretion income on investments from purchase accounting for the three ended March 31, 2026, December 31, 2025 and March 31, 2025, respectively.(3)Recognized $75,000 of amortization expense on borrowings from purchase accounting for the three months ended March, 31, 2026 and $131,000 of amortization expense on time deposits and borrowings from purchase accounting for the three months ended December 31, 2025 and March 31, 2025. Tangible Book Value Per Share and Tangible Common Equity Ratio:(In thousands, except number of shares, per share data and ratios)
March 31,
2026
December 31,
2025
March 31,
2025Tangible Book Value Per Share:





Shareholders' equity, as presented
$     710,007
$     696,558
$     640,054Adjustment for goodwill and core deposit intangible assets
(192,731)
(194,085)
(200,770)Tangible shareholders' equity
$     517,276
$     502,473
$     439,284Shares outstanding at period end
16,914,371
16,924,310
16,885,571Book value per share
$        41.98
$        41.16
$        37.91Tangible book value per share
$        30.58
$        29.69
$        26.02Tangible Common Equity Ratio:Total assets
$   6,961,581
$   6,974,584
$   6,964,785Adjustment for goodwill and core deposit intangible assets
(192,731)
(194,085)
(200,770)Tangible assets
$   6,768,850
$   6,780,499
$   6,764,015Common equity ratio
10.20 %
9.99 %
9.19 %Tangible common equity ratio
7.64 %
7.41 %
6.49 % 





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Original: Camden National Corporation Delivers Solid First Quarter 2026 Results with Net Income of $21.9 Million and Diluted EPS of $1.29

Camden National Bank Reinforces Commitment to Communities with Appointment of Jennifer Tyll as Community Reinvestment OfficerApril 16, 2026 10:12 AM
PR Newswire (US)

CAMDEN, Maine, April 16, 2026 /PRNewswire/ -- Camden National Bank today announced the appointment of Jennifer Tyll, PMP, as Community Reinvestment Officer, reinforcing the bank's commitment to meeting the credit needs of the communities it serves and expanding financial wellness across its footprint.







In this role, Tyll will lead the bank's Community Reinvestment Act (CRA) strategy, focusing on products, services, and partnerships that support low- to moderate-income (LMI) individuals, families, and small businesses, aligning with the bank's commitment to responsible, relationship-driven banking."Helping people build strong financial habits and investing meaningfully in the communities we serve is vital to the long-term success of our company," said Simon Griffiths, president and chief executive officer of Camden National Bank. "Jen's leadership helps ensure we are meeting people where they are and supporting long-term financial well-being across the markets we serve."Camden National Bank supports its communities through CRA initiatives, including loans and investments that advance affordable housing, small-business growth, and economic development. The bank's "Door to More" first-time homebuyer program expands access to homeownership and is complemented by small-business banking products that support local entrepreneurship. Under Tyll's leadership, the bank will continue to strengthen access to responsible financial solutions that promote long-term community vitality.Tyll brings a strong background in operational leadership and strategic execution. She is a graduate of the United States Naval Academy and previously served as an Operational Excellence Manager at Camden National Bank, partnering across the organization to improve processes and outcomes. Tyll will work closely with internal teams and community partners to advance the bank's CRA objectives across Maine and New Hampshire.About Camden National CorporationCamden National Corporation (NASDAQ: CAC) is Northern New England's largest publicly traded bank holding company, with $7.0 billion in assets. Founded in 1875, Camden National Bank, with 72 banking centers in Maine and New Hampshire, is a full-service community bank offering the latest digital banking services, complemented by award-winning, personalized support. Additional information is available at CamdenNational.bank. Member FDIC. Equal Housing Lender.Comprehensive wealth management, investment, and financial planning services are delivered by Camden National Wealth Management.










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Original: Camden National Bank Reinforces Commitment to Communities with Appointment of Jennifer Tyll as Community Reinvestment Officer

Camden National Corporation to Announce Quarter Ended March 31, 2026 Financial Results on April 28, 2026April 1, 2026 2:00 PM
PR Newswire (US)

CAMDEN, Maine, April 1, 2026 /PRNewswire/ -- Camden National Corporation (NASDAQ: CAC) will report financial and operating results for the quarter ended March 31, 2026 on Tuesday, April 28, 2026. A conference call and webcast will be held at 3:00 p.m. Eastern on Tuesday, April 28, 2026, hosted by Simon Griffiths, President and Chief Executive Officer, Michael Archer, Executive Vice President, Chief Financial Officer, and Renée Smyth, Executive Vice President, Chief Experience and Marketing Officer.Parties interested in listening to the teleconference should dial into the call or connect to the webcast link 10 – 15 minutes before it begins. Dial-in and webcast information to participate is as follows:Live Dial-In (Domestic): (833) 461-5787
Link to Obtain Live Dial-In (International): https://help.events.q4inc.com/eahc/international-dial-in-numbers
Meeting ID: 616576518
Live Webcast URL: https://events.q4inc.com/attendee/616576518A link to the live webcast will be available on Camden National Corporation's website at CamdenNationalCorporation.com prior to the meeting. The transcript and replay of the conference call will also be made available on Camden National's website following the conference call.About Camden National CorporationCamden National Corporation (NASDAQ: CAC) is Northern New England's largest publicly traded bank holding company, with $7.0 billion in assets. Founded in 1875, Camden National Bank, with 72 banking centers in Maine and New Hampshire, is a full-service community bank offering the latest in digital banking, complemented by award-winning, personalized service. Additional information is available at CamdenNational.bank. Member FDIC. Equal Housing Lender.Comprehensive wealth management, investment, and financial planning services are delivered by Camden National Wealth Management.





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Original: Camden National Corporation to Announce Quarter Ended March 31, 2026 Financial Results on April 28, 2026

Camden National Corporation Announces its First Quarter 2026 DividendMarch 31, 2026 4:15 PM
PR Newswire (US)

CAMDEN, Maine, March 31, 2026 /PRNewswire/ -- Simon Griffiths, President and Chief Executive Officer of Camden National Corporation (NASDAQ: CAC; the "Company"), announced today that the board of directors of the Company declared a quarterly dividend of $0.42 per share. This quarterly payout results in an annualized dividend yield of 3.57% based on the March 30, 2026 closing price of the Company's common stock at $47.03 per share as reported by NASDAQ. The dividend is payable on April 30, 2026, to shareholders of record at the close of business on April 15, 2026.About Camden National CorporationCamden National Corporation (NASDAQ: CAC) is Northern New England's largest publicly traded bank holding company, with $7.0 billion in assets. Founded in 1875, Camden National Bank has 72 banking centers in Maine and New Hampshire and is a full-service community bank offering the latest digital banking, complemented by award-winning, personalized service. Additional information is available at CamdenNational.bank. Member FDIC. Equal Housing Lender.Comprehensive wealth management, investment, and financial planning services are delivered by Camden National Wealth Management.





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Original: Camden National Corporation Announces its First Quarter 2026 Dividend

Camden National Corporation Announces Another Record with Fourth Quarter 2025 Net Income of $22.6 Million and Diluted EPS of $1.33January 27, 2026 1:15 PM
PR Newswire (US)

CAMDEN, Maine, Jan. 27, 2026 /PRNewswire/ -- Camden National Corporation (NASDAQ: CAC; "Camden National" or the "Company") today reported earnings for the quarter ended December 31, 2025, of $22.6 million and diluted earnings per share ("EPS") of $1.33, both increases of 6%, when compared to the third quarter of 2025. For the quarter ended December 31, 2025, the Company reported a return on average assets of 1.28%, a return on average equity of 13.01%, and a return on average tangible equity (non-GAAP) of 19.06%."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 Simon Griffiths, president and chief executive officer of Camden National Corporation. "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."For the year ended December 31, 2025, the Company reported net income of $65.2 million and diluted EPS of $3.84, increases of 23% and 6%, respectively, over the year ended December 31, 2024. On a non-GAAP basis, adjusted net income for the year ended December 31, 2025, was $74.4 million and adjusted diluted EPS was $4.39, increases of 39% and 20%, respectively, over the year ended December 31, 2024.HIGHLIGHTSNet income totaled $22.6 million for the fourth quarter of 2025, an increase of 6% over the third quarter of 2025, and, on a non-GAAP basis, pre-tax, pre-provision income increased 6% over the same period to $31.2 million for the fourth quarter of 2025.Net interest margin for the fourth quarter of 2025 increased 13 basis points over the third quarter of 2025 to 3.29%, and core net interest margin increased 10 basis points over the same period to 2.92%.GAAP efficiency ratio for the fourth quarter of 2025 was 54.16%, while the non-GAAP efficiency ratio was 51.69%, reflecting our strong revenue momentum and our continued disciplined expense management.Book value per share increased 3% from September 30, 2025 to $41.16 as of December 31, 2025, and tangible book value per share (non-GAAP) increased 4% during the same period to $29.69 at year-end.On January 8, 2026, the Company announced a new share repurchase program for up to 850,000 shares of the Company's common stock, or approximately 5% of its outstanding stock as of December 31, 2025.FINANCIAL OPERATING RESULTS (Q4 2025 vs. Q3 2025)Net interest income for the fourth quarter of 2025 increased 5% over the third quarter of 2025 to $53.9 million. The increase was driven by a 13 basis point expansion in net interest margin to 3.29% for the fourth quarter. This notable margin improvement was fueled by an 11 basis point reduction in the Company's funding costs during the quarter.Provision expense totaled $3.0 million for each of the third and fourth quarters of 2025. The provision expense for the fourth quarter of 2025 was primarily attributable to net charge-offs of $3.2 million for the quarter, driven by a $3.0 million charge-off due to the short sale of a large commercial real estate loan that had been designated as a classified asset for nearly two years. During the fourth quarter of 2025, we were presented with the opportunity to exit this asset. After a thorough assessment, we determined exiting the asset was the most prudent and proactive step to limit potential future exposure and further strengthen the Company's credit profile. The transaction closed late in the fourth quarter of 2025.Non-interest income for the fourth quarter of 2025 totaled $14.1 million, remaining consistent with the third quarter of 2025. Assets under administration within our wealth and brokerage businesses grew organically by 11% during 2025, totaling $2.4 billion as of December 31, 2025. Additionally, during the fourth quarter of 2025, the Company recognized its annual Visa incentive bonus of $979,000 and higher customer loan swap fees of $366,000 on a linked-quarter basis.Non-interest expense for the fourth quarter of 2025 totaled $36.9 million, and our GAAP and non-GAAP efficiency ratios were 54.16% and 51.69%, respectively. Non-interest expense increased $933,000 on a linked-quarter basis as we recognized certain retirement plan costs for former Northway employees, higher performance incentive accruals due to strong annual Company financial performance, higher health insurance costs, and elevated technology-related costs primarily due to the timing of annual maintenance contracts and ongoing investments in our customer-facing technology platforms.FINANCIAL CONDITIONAs of December 31, 2025 and September 30, 2025, total assets were $7.0 billion. Total assets grew 20% during 2025, primarily due to the acquisition of Northway Financial, inc. ("Northway") and its subsidiary Northway Bank, on January 2, 2025, which bolstered the Company's presence in New Hampshire.Investments totaled $1.4 billion as of December 31, 2025, an increase of 2% since September 30, 2025. The duration of the bond investment portfolio at December 31, 2025 was 5.1 years.As of December 31, 2025, loans totaled $5.0 billion, a 1% decrease from September 30, 2025, and for the year ended 2025, loans grew organically 2%. Commercial loan balances decreased $62.0 million during the fourth quarter, primarily due to the $35.9 million decrease in municipal loans. We continued to see strong momentum within our home equity loan portfolio, which grew 6% during the fourth quarter of 2025 and grew organically 18% for the year ended December 31, 2025. At December 31, 2025, our committed loan pipeline totaled $110.3 million, 60% higher than a year ago.The Company's asset quality remains strong as of December 31, 2025, supported by its healthy credit metrics, including non-performing assets at 0.10% of total assets and past-due loans at 0.16% of total loans. The allowance for credit losses ("ACL") on loans was 0.91% of total loans at December 31, 2025 and September 30, 2025. The ACL on loans was 6.4 times non-performing loans at December 31, 2025, compared to 5.5 times at September 30, 2025.Deposits totaled $5.5 billion on December 31, 2025, an increase of 2% since September 30, 2025. The growth was driven by a 3% increase in non-maturity deposits, reflecting continued growth in our high-yield savings product and interest checking during the fourth quarter of 2025. As of December 31, 2025, the Company's loan-to-deposit ratio was 90%, compared to 93% at September 30, 2025.As of December 31, 2025, the Company's regulatory capital ratios exceeded all regulatory requirements, including a Common Equity Tier 1 ratio of 11.69%, a Tier 1 risk-based ratio of 13.00%, a total risk-based ratio of 13.95%, and a Tier 1 leverage ratio of 9.12%. The Company's regulatory capital ratios continue to rebuild following the Northway acquisition in the first quarter of 2025.On December 16, 2025, the Company announced a cash dividend of $0.42 per share, representing an annualized dividend yield of 3.87%, based on the Company's closing share price of $43.38 as reported by NASDAQ on December 31, 2025, payable on January 30, 2026, to shareholders of record on January 15, 2026.Q4 2025 CONFERENCE CALLCamden National will host a conference call and webcast at 3:00 p.m. Eastern Time, on Tuesday, January 27, 2026, to discuss its fourth quarter 2025 financial results and outlook. Participants should dial in 10 - 15 minutes before the call begins. Information about the conference call is as follows:Live dial-in (Domestic):
(833) 470-1428Link for live dial-in(All other locations):
https://www.netroadshow.com/conferencing/global-numbers?confId=93678Participant access code:
070467Live webcast:
https://events.q4inc.com/attendee/950792469A link to the live webcast will be available on Camden National's website under "About — Investor Relations" at CamdenNational.bank prior to the meeting, and a replay of the webcast will be available on Camden National's website following the conference call. The transcript of the conference call will also be available on Camden National's website approximately two days after the conference call.ABOUT CAMDEN NATIONAL CORPORATIONCamden National Corporation (NASDAQ: CAC) is Northern New England's largest publicly traded bank holding company, with $7.0 billion in assets. Founded in 1875, Camden National Bank has 72 branches in Maine and New Hampshire, is a full-service community bank offering the latest digital banking, complemented by award-winning, personalized service. Additional information is available at CamdenNational.bank. Member FDIC. Equal Housing Lender.Comprehensive wealth management, investment, and financial planning services are delivered by Camden National Wealth Management.FORWARD-LOOKING STATEMENTSCertain statements contained in this press release that are not statements of historical fact constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including certain plans, expectations, goals, projections, and other statements, which are subject to numerous risks, assumptions, and uncertainties. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words like "believe," "expect," "anticipate," "estimate," and "intend" or future or conditional verbs such as "will," "would," "should," "could," or "may." Certain factors that could cause actual results to differ materially from expected results include increased competitive pressures; inflation; ongoing competition in labor markets and employee turnover; deterioration in the value of Camden National's investment securities; changes in consumer spending and savings habits; changes in the interest rate environment; changes in general economic conditions, including as a result of tariffs and retaliatory tariffs; operational risks including, but not limited to, cybersecurity, fraud, pandemics and natural disasters; legislative and regulatory changes that adversely affect the business in which Camden National is engaged; turmoil and volatility in the financial services industry, including failures or rumors of failures of other depository institutions which could affect Camden National's ability to attract and retain depositors, and could affect the ability of financial services providers, including the Company, to borrow or raise capital; actions taken by governmental agencies to stabilize the financial system and the effectiveness of such actions; changes to regulatory capital requirements; changes in the securities markets and other risks and uncertainties disclosed from time to time in Camden National's Annual Report on Form 10-K for the year ended December 31, 2024, as updated by other filings with the Securities and Exchange Commission ("SEC"). Further, statements regarding the potential effects of notable and global current events on the Company's business, financial condition, liquidity and results of operations may constitute forward-looking statements and are subject to the risk that the actual effects may differ, possibly materially, from what is reflected in those forward-looking statements due to factors and future developments that are uncertain, unpredictable and in many cases beyond the Company's control. Statements relating to the Company's acquisition of Northway may also be forward-looking statements. Factors that could cause actual results to differ materially from the forward-looking statements include the reaction to the transaction of the Company's customers, employees and counterparties; customer disintermediation; expected synergies, cost savings and other financial benefits of the transaction might not be realized within the expected timeframes or might be less than projected; and credit and interest rate risks associated with Camden's and Northway's respective businesses, customers, borrowings, repayment, investment and deposit practices. Camden National does not have any obligation to update forward-looking statements.USE OF NON-GAAP MEASURESIn addition to evaluating the Company's results of operations in accordance with generally accepted accounting principles in the United States ("GAAP"), management supplements this evaluation with certain non-GAAP financial measures such as: adjusted net income; adjusted diluted earnings per share; adjusted return on average assets; adjusted return on average equity; pre-tax, pre-provision income; adjusted pre-tax, pre-provision income; return on average tangible equity and adjusted return on average tangible equity; the efficiency and tangible common equity ratios; core net interest margin; and tangible book value per share. Management utilizes these non-GAAP financial measures for purposes of measuring our performance against our peer group and other financial institutions and analyzing our internal performance. We also believe these non-GAAP financial measures help investors better understand the Company's operating performance and trends and allow for better performance comparisons to other financial institutions. In addition, these non-GAAP financial measures remove the impact of unusual items that may obscure trends in the Company's underlying performance. These disclosures should not be viewed as a substitute for GAAP operating results, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other financial institutions. Reconciliations to the comparable GAAP financial measures can be found in this document.ANNUALIZED DATACertain returns, yields and performance ratios are presented on an "annualized" basis. This is done for analytical and decision-making purposes to better discern underlying performance trends when compared to full-year or year-over-year amounts. Annualized data may not be indicative of any four-quarter period and is presented for illustrative purposes only.Selected Financial Data(unaudited)


At or For TheThree Months Ended
At or For TheYear Ended(In thousands, except number of shares and per share data)
December 31,
2025
September 30,
2025
December 31,
2024
December 31,
2025
December 31,
2024Financial Condition Data









Loans
$    4,965,138
$    5,002,927
$    4,115,259
$    4,965,138
$    4,115,259Total assets
6,974,584
6,981,522
5,805,138
6,974,584
5,805,138Deposits
5,537,781
5,402,758
4,633,167
5,537,781
4,633,167Shareholders' equity
696,558
676,444
531,231
696,558
531,231Operating Data and Per Share Data









Net income
$         22,559
$         21,194
$         14,666
$         65,160
$         53,004Pre-tax, pre-provision income (non-GAAP)(1)
31,192
29,470
19,211
100,945
65,056Diluted EPS
1.33
1.25
1.00
3.84
3.62Profitability Ratios









Return on average assets
1.28 %
1.21 %
1.01 %
0.94 %
0.92 %Return on average equity
13.01 %
12.75 %
10.99 %
9.96 %
10.36 %Return on average tangible equity (non-GAAP)(1)
19.06 %
19.12 %
13.50 %
15.24 %
12.83 %GAAP efficiency ratio
54.16 %
54.94 %
59.62 %
60.53 %
63.24 %Efficiency ratio (non-GAAP)(1)
51.69 %
52.47 %
58.22 %
54.46 %
62.05 %Net interest margin (fully-taxable equivalent)
3.29 %
3.16 %
2.57 %
3.17 %
2.46 %Asset Quality Ratios









ACL on loans to total loans
0.91 %
0.91 %
0.87 %
0.91 %
0.87 %Non-performing loans to total loans
0.14 %
0.17 %
0.12 %
0.14 %
0.12 %Capital Ratios









Common equity ratio
9.99 %
9.69 %
9.15 %
9.99 %
9.15 %Tangible common equity ratio (non-GAAP)(1)
7.41 %
7.09 %
7.64 %
7.41 %
7.64 %Book value per share
$           41.16
$           39.97
$           36.44
$           41.16
$           36.44Tangible book value per share (non-GAAP)(1)
$           29.69
$           28.42
$           29.91
$           29.69
$           29.91Tier 1 leverage capital ratio
9.12 %
8.94 %
9.90 %
9.12 %
9.90 %Total risk-based capital ratio
13.95 %
13.47 %
15.11 %
13.95 %
15.11 %

(1)This is a non-GAAP measure, please see "Reconciliation of non-GAAP to GAAP Financial Measures (unaudited)." Consolidated Statements of Condition Data(unaudited) (In thousands)
December 31,
2025
September 30,
2025
December 31,
2024
% Change
Dec 2025
vs. Sep
2025
% Change
Dec 2025
vs. Dec
2024ASSETS









Cash, cash equivalents and restricted cash
$            97,492
$            98,848
$          214,963
(1) %
(55) %Investments:









Trading securities
5,747
5,581
5,243
3 %
10 %Available-for-sale securities, at fair value
930,401
889,765
593,749
5 %
57 %Held-to-maturity securities, at amortized cost
485,292
495,007
517,778
(2) %
(6) %Other investments
26,497
31,185
22,514
(15) %
18 % Total investments
1,447,937
1,421,538
1,139,284
2 %
27 %Loans held for sale, at fair value
15,040
9,775
11,049
54 %
36 %Loans:









Commercial real estate
2,185,105
2,173,748
1,711,964
1 %
28 %Commercial
417,439
479,461
382,785
(13) %
9 %Residential real estate
2,012,922
2,017,675
1,752,249
— %
15 %Home equity
332,256
313,951
253,251
6 %
31 %Consumer
17,416
18,092
15,010
(4) %
16 % Total loans
4,965,138
5,002,927
4,115,259
(1) %
21 %      Less: allowance for credit losses on loans
(45,276)
(45,501)
(35,728)
— %
27 %        Net loans
4,919,862
4,957,426
4,079,531
(1) %
21 %Goodwill and core deposit intangible assets 
194,085
195,558
95,112
(1) %
104 %Other assets
300,168
298,377
265,199
1 %
13 %Total assets
$       6,974,584
$       6,981,522
$       5,805,138
— %
20 %LIABILITIES AND SHAREHOLDERS' EQUITY









Liabilities









Deposits:









Non-interest checking
$       1,113,450
$       1,162,149
$          925,571
(4) %
20 %Interest checking
1,703,971
1,535,482
1,483,589
11 %
15 %Savings and money market
1,910,708
1,879,770
1,511,589
2 %
26 %Certificates of deposit
679,087
701,031
532,424
(3) %
28 %Brokered deposits
130,565
124,326
179,994
5 %
(27) % Total deposits
5,537,781
5,402,758
4,633,167
2 %
20 %Short-term borrowings
581,780
748,492
500,621
(22) %
16 %Long-term borrowings
1,000
1,000
—
— %
N.M.Junior subordinated debentures
61,515
61,441
44,331
— %
39 %Accrued interest and other liabilities
95,950
91,387
95,788
5 %
— %Total liabilities
6,278,026
6,305,078
5,273,907
— %
19 %Commitments and Contingencies









Shareholders' Equity









Common stock, no par value
215,797
215,145
116,425
— %
85 %Retained earnings
545,149
529,721
509,452
3 %
7 %Accumulated other comprehensive loss:









Net unrealized loss on debt securities, net of tax
(70,405)
(74,348)
(104,015)
(5) %
(32) %Net unrealized gain on cash flow hedging derivative instruments, net of tax
5,478
5,532
8,958
(1) %
(39) %Net unrecognized gain on postretirement plans, net of tax
539
394
411
37 %
31 %Total accumulated other comprehensive loss
(64,388)
(68,422)
(94,646)
(6) %
(32) %Total Shareholders' equity
696,558
676,444
531,231
3 %
31 %Total liabilities and shareholders' equity
$       6,974,584
$       6,981,522
$       5,805,138
— %
20 %
N.M. = Not meaningful Consolidated Statements of Income Data (unaudited) 

For theThree Months Ended
% Change Dec
2025 vs. Sep
2025
% Change Dec
2025 vs. Dec
2024(In thousands, except per share data)
December 31,
2025
September 30,
2025
December 31,
2024

Interest Income









Interest and fees on loans
$           70,032
$           69,070
$           54,035
1 %
30 %Taxable interest on investments
10,489
10,314
6,925
2 %
51 %Nontaxable interest on investments
455
456
461
— %
(1) %Dividend income
457
470
408
(3) %
12 %Other interest income
610
584
1,662
4 %
(63) %Total interest income
82,043
80,894
63,491
1 %
29 %Interest Expense









Interest on deposits
23,353
24,719
23,408
(6) %
— %Interest on borrowings
3,867
4,039
4,134
(4) %
(6) %Interest on junior subordinated debentures
905
864
540
5 %
68 %Total interest expense
28,125
29,622
28,082
(5) %
— %Net interest income
53,918
51,272
35,409
5 %
52 %Provision for credit losses
2,969
2,972
809
— %
267 %Net interest income after provision for credit losses
50,949
48,300
34,600
5 %
47 %Non-Interest Income









Debit card income
4,689
3,704
3,553
27 %
32 %Service charges on deposit accounts
2,558
2,570
2,136
— %
20 %Income from fiduciary services
1,927
1,884
1,834
2 %
5 %Brokerage and insurance commissions
1,674
1,850
1,441
(10) %
16 %Mortgage banking income, net
863
1,092
933
(21) %
(8) %Bank-owned life insurance
820
957
720
(14) %
14 %Other income
1,603
2,068
1,549
(22) %
3 %Total non-interest income
14,134
14,125
12,166
— %
16 %Non-Interest Expense









Salaries and employee benefits
20,077
20,089
15,973
— %
26 %Furniture, equipment and data processing
4,571
4,173
3,660
10 %
25 %Net occupancy costs
2,795
2,666
1,971
5 %
42 %Debit card expense
1,653
1,745
1,344
(5) %
23 %Amortization of core deposit intangible assets
1,474
1,473
139
— %
N.M.Regulatory assessments
1,146
1,020
804
12 %
43 %Consulting and professional fees
999
810
786
23 %
27 %Other real estate owned and collection costs, net
43
46
50
(7) %
(14) %Merger and acquisition costs
41
315
432
(87) %
(91) %Other expenses
4,061
3,590
3,205
13 %
27 %Total non-interest expense
36,860
35,927
28,364
3 %
30 %Income before income tax expense
28,223
26,498
18,402
7 %
53 %Income Tax Expense
5,664
5,304
3,736
7 %
52 %Net Income
$           22,559
$           21,194
$           14,666
6 %
54 %Per Share Data









Basic earnings per share
$               1.34
$               1.25
$               1.01
7 %
33 %Diluted earnings per share
$               1.33
$               1.25
$               1.00
6 %
33 %
N.M. = Not meaningful Consolidated Statements of Income Data (unaudited) 

For the Year Ended
% Change Dec
2025 vs. Dec
2024(In thousands, except per share data)
December 31,
2025
December 31,
2024
Interest Income





Interest and fees on loans
$          273,128
$          214,650
27 %Taxable interest on investments
40,832
27,381
49 %Nontaxable interest on investments
1,834
1,849
(1) %Dividend income
1,940
1,630
19 %Other interest income
2,921
4,047
(28) %Total interest income
320,655
249,557
28 %Interest Expense





Interest on deposits
97,287
95,806
2 %Interest on borrowings
16,544
19,166
(14) %Interest on junior subordinated debentures
3,567
2,132
67 %Total interest expense
117,398
117,104
— %Net interest income
203,257
132,453
53 %Provision (credit) for credit losses
22,290
(404)
N.M.Net interest income after provision (credit) for credit losses
180,967
132,857
36 %Non-Interest Income





Debit card income
15,272
12,657
21 %Service charges on deposit accounts
9,851
8,444
17 %Income from fiduciary services
7,630
7,270
5 %Brokerage and insurance commissions
7,015
5,535
27 %Mortgage banking income, net
3,523
3,230
9 %Bank-owned life insurance
3,440
2,806
23 %Other income
5,791
4,597
26 %Total non-interest income
52,522
44,539
18 %Non-Interest Expense





Salaries and employee benefits
79,801
64,073
25 %Furniture, equipment and data processing
17,769
14,364
24 %Net occupancy costs
11,187
7,912
41 %Merger and acquisition costs
9,286
1,159
N.M.Debit card expense
6,813
5,287
29 %Amortization of core deposit intangible assets
5,893
556
N.M.Consulting and professional fees
4,617
3,583
29 %Regulatory assessments
4,279
3,258
31 %Other real estate owned and collection costs, net
270
201
34 %Other expenses
14,919
11,543
29 %Total non-interest expense
154,834
111,936
38 %Income before income tax expense
78,655
65,460
20 %Income Tax Expense
13,495
12,456
8 %Net Income
$            65,160
$            53,004
23 %Per Share Data





Basic earnings per share
$                3.86
$                3.63
6 %Diluted earnings per share
$                3.84
$                3.62
6 %
N.M. = Not meaningful Quarterly Average Balance and Yield/Rate Analysis(unaudited)


Average Balance
Yield/Rate

For the Three Months Ended
For the Three Months Ended(Dollars in thousands)
December 31,
2025
September 30,
2025
December 31,
2024
December 31,
2025
September 30,
2025
December 31,
2024Assets











Interest-earning assets:











Interest-bearing deposits in other banks
and other interest-earning assets
$          42,711
$           38,170
$        130,405
4.20 %
4.45 %
4.49 %Investments - taxable
1,393,828
1,380,042
1,150,351
3.18 %
3.17 %
2.61 %Investments - nontaxable(1)
61,184
61,114
61,929
3.77 %
3.77 %
3.77 %Loans(2):











Commercial real estate
2,182,891
2,123,138
1,707,914
5.79 %
5.72 %
5.36 % Commercial(1)
371,987
398,870
359,954
6.36 %
6.26 %
6.29 % Municipal(1)
93,664
97,113
15,237
4.65 %
4.76 %
5.30 % Residential real estate
2,031,695
2,033,136
1,766,143
4.87 %
4.86 %
4.45 % Home equity
322,941
305,037
250,184
6.78 %
7.12 %
7.42 % Consumer
18,015
18,716
16,881
12.25 %
11.59 %
8.89 %Total loans 
5,021,193
4,976,010
4,116,313
5.52 %
5.50 %
5.19 %Total interest-earning assets
6,518,916
6,455,336
5,458,998
5.00 %
4.98 %
4.61 %Other assets
479,563
469,590
315,181





Total assets
$     6,998,479
$      6,924,926
$     5,774,179


















Liabilities & Shareholders' Equity











Deposits:











Non-interest checking
$     1,174,537
$      1,163,310
$        948,015
— %
— %
— %Interest checking
1,674,762
1,622,869
1,449,281
1.73 %
1.82 %
2.29 %Savings
1,059,967
1,011,847
726,179
1.36 %
1.34 %
1.06 %Money market
832,435
842,043
779,893
2.46 %
2.69 %
3.09 %Certificates of deposit
690,278
698,948
537,922
3.38 %
3.50 %
3.67 % Total deposits
5,431,979
5,339,017
4,441,290
1.61 %
1.69 %
1.91 %Borrowings:











Brokered deposits
127,995
176,508
170,638
4.21 %
4.51 %
4.93 %Customer repurchase agreements
264,926
246,775
182,017
1.05 %
1.18 %
1.58 %Junior subordinated debentures
61,479
61,404
44,331
5.84 %
5.58 %
4.84 %Other borrowings
338,290
354,099
325,000
3.71 %
3.70 %
4.17 % Total borrowings
792,690
838,786
721,986
3.07 %
3.27 %
3.74 %Total funding liabilities
6,224,669
6,177,803
5,163,276
1.79 %
1.90 %
2.16 %Other liabilities
85,874
87,495
80,144





Shareholders' equity
687,936
659,628
530,759





Total liabilities & shareholders' equity
$     6,998,479
$      6,924,926
$     5,774,179





Net interest rate spread (fully-taxable equivalent)
3.21 %
3.08 %
2.45 %Net interest margin (fully-taxable equivalent)
3.29 %
3.16 %
2.57 %Core net interest margin (fully-taxable equivalent)(3)
2.92 %
2.82 %
2.57 %

(1)Reported on tax-equivalent basis calculated using the federal corporate income tax rate of 21%, including certain commercial loans.(2)Non-accrual loans and loans held for sale are included in total average loans.(3)This is a non-GAAP measure. Please see "Reconciliation of non-GAAP to GAAP Financial Measures (unaudited)." Year-to-Date Average Balance and Yield/Rate Analysis(unaudited)


Average Balance
Yield/Rate

For the Year Ended
For the Year Ended(Dollars in thousands)
December 31,
2025
December 31,
2024
December 31,
2025
December 31,
2024Assets







Interest-earning assets:







Interest-bearing deposits in other banks and other interest-earning assets
$           52,109
$           68,633
4.45 %
4.86 %Investments - taxable
1,386,590
1,159,910
3.13 %
2.56 %Investments - nontaxable(1)
61,455
61,992
3.78 %
3.78 %Loans(2):







Commercial real estate
2,112,281
1,699,655
5.81 %
5.29 % Commercial(1)
396,783
378,257
6.38 %
6.44 % Municipal(1)
91,044
15,859
5.06 %
4.94 % Residential real estate
2,034,170
1,773,149
4.82 %
4.47 % Home equity
300,630
244,332
7.02 %
7.74 % Consumer
18,687
17,919
11.70 %
9.00 %Total loans 
4,953,595
4,129,171
5.53 %
5.20 %Total interest-earning assets
6,453,749
5,419,706
4.99 %
4.62 %Other assets
474,464
315,335



Total assets
$      6,928,213
$      5,735,041












Liabilities & Shareholders' Equity







Deposits:







Non-interest checking
$      1,137,343
$         929,443
— %
— %Interest checking
1,659,215
1,464,651
1.81 %
2.48 %Savings
982,210
657,529
1.23 %
0.71 %Money market
860,117
766,596
2.61 %
3.31 %Certificates of deposit
699,740
567,182
3.54 %
3.80 %Total deposits
5,338,625
4,385,401
1.67 %
2.00 %Borrowings:







Brokered deposits
177,089
152,918
4.49 %
5.18 %Customer repurchase agreements
245,748
185,299
1.20 %
1.73 %Junior subordinated debentures
61,373
44,331
5.81 %
4.81 %Other borrowings
359,625
365,989
3.78 %
4.36 %Total borrowings
843,835
748,537
3.33 %
3.90 %Total funding liabilities
6,182,460
5,133,938
1.90 %
2.28 %Other liabilities
91,276
89,290



Shareholders' equity
654,477
511,813



Total liabilities & shareholders' equity
$      6,928,213
$      5,735,041



Net interest rate spread (fully-taxable equivalent)
3.09 %
2.34 %Net interest margin (fully-taxable equivalent)
3.17 %
2.46 %Core net interest margin (fully-taxable equivalent)(3)
2.82 %
2.46 %

(1)Reported on tax-equivalent basis calculated using the federal corporate income tax rate of 21%, including certain commercial loans.(2)Non-accrual loans and loans held for sale are included in total average loans.(3)This is a non-GAAP measure. Please see "Reconciliation of non-GAAP to GAAP Financial Measures (unaudited)." Year-to-Date Organic Loans And Deposits Growth  (Unaudited)


(A)
(B)
(C)
(D) = (A) - (B) - (C)(In thousands)
December 31, 2025
December 31, 2024
Northway
Acquisition
Purchase
Accounting(1)
For the Year EndedDecember 31, 2025Organic Growth (Decline)Loans:









Commercial real estate
$       2,185,105
$       1,711,964
$          360,272
$        112,869
7 %Commercial
417,439
382,785
106,487
(71,833)
(19) %Residential real estate
2,012,922
1,752,249
273,349
(12,676)
(1) %Home equity
332,256
253,251
34,304
44,701
18 %Consumer
17,416
15,010
1,251
1,155
8 %    Total loans
$       4,965,138
$       4,115,259
$          775,663
$          74,216
2 %Deposits:









Non-interest checking
$       1,113,450
$          925,571
$          197,320
$           (9,441)
(1) %Interest checking
1,703,971
1,483,589
315,891
(95,509)
(6) %Savings and money market
1,910,708
1,511,589
285,889
113,230
7 %Certificates of deposit
679,087
532,424
172,573
(25,910)
(5) %Brokered deposits
130,565
179,994
—
(49,429)
(27) %Total deposits
$       5,537,781
$       4,633,167
$          971,673
$         (67,059)
(1) %

(1)Represents fair value of loans and deposits as of the acquisition date, January 2, 2025. Asset Quality Data(unaudited) (In thousands)
At or for theYear EndedDecember 31, 2025
At or for theNine Months EndedSeptember 30, 2025
At or for theSix Months EndedJune 30, 2025
At or for theThree Months EndedMarch 31, 2025
At or for theYear EndedDecember 31, 2024Non-accrual loans:









Residential real estate
$              2,667
$              3,393
$              3,678
$              4,322
$              1,891Commercial real estate
639
134
145
271
559Commercial
3,042
4,103
13,514
1,803
1,927Home equity
672
697
834
848
434Consumer
3
3
6
7
18Total non-accrual loans
7,023
8,330
18,177
7,251
4,829Accruing loans past due 90 days
—
—
—
—
—Total non-performing loans
7,023
8,330
18,177
7,251
4,829Other real estate owned
—
—
72
72
—Total non-performing assets
$              7,023
$              8,330
$            18,249
$              7,323
$              4,829Loans 30-89 days past due:









Residential real estate
$              1,565
$                 725
$              1,519
$              1,754
$                 558Commercial real estate
5,284
5,014
1,120
380
689Commercial
541
1,865
884
767
393Home equity
713
456
457
301
552Consumer
59
37
134
139
69Total loans 30-89 days past due
$              8,162
$              8,097
$              4,114
$              3,341
$              2,261ACL on loans at the beginning of the period
$            35,728
$            35,728
$            35,728
$            35,728
$            36,935ACL established on acquired PCD loans (1)
3,071
3,071
3,071
3,071
—Provision for credit losses
22,031
19,009
15,469
8,873
53Charge-offs:









Residential real estate
4
4
4
4
—Commercial real estate
3,220
218
191
191
—Commercial
12,659
12,320
1,245
896
1,784Home equity
21
21
3
3
1Consumer
185
152
102
26
98Total charge-offs 
16,089
12,715
1,545
1,120
1,883Total recoveries 
(535)
(408)
(299)
(171)
(623)Net charge-offs
15,554
12,307
1,246
949
1,260ACL on loans at the end of the period
$            45,276
$            45,501
$            53,022
$            46,723
$            35,728Components of ACL:









ACL on loans
$            45,276
$            45,501
$            53,022
$            46,723
$            35,728ACL on off-balance sheet credit exposures(2)
3,064
3,117
3,685
3,362
2,806ACL, end of period
$            48,340
$            48,618
$            56,707
$            50,085
$            38,534Ratios:









Non-performing loans to total loans
0.14 %
0.17 %
0.37 %
0.15 %
0.12 %Non-performing assets to total assets
0.10 %
0.12 %
0.26 %
0.11 %
0.08 %ACL on loans to total loans
0.91 %
0.91 %
1.08 %
0.96 %
0.87 %Net charge-offs to average loans (annualized)









Quarter-to-date
0.26 %
0.89 %
0.02 %
0.08 %
0.04 %Year-to-date
0.31 %
0.33 %
0.05 %
0.08 %
0.03 %ACL on loans to non-performing loans
644.68 %
546.23 %
291.70 %
644.37 %
739.86 %Loans 30-89 days past due to total loans
0.16 %
0.16 %
0.08 %
0.07 %
0.05 %

(1)Purchase credit deteriorated ("PCD").(2)Presented within accrued interest and other liabilities on the consolidated statements of condition. Reconciliation of non-GAAP to GAAP Financial Measures (unaudited) 
Adjusted Net Income; Adjusted Diluted Earnings per Share; and Adjusted Return on Average Assets:

For theThree Months Ended
For theYear Ended(In thousands, except number of shares, per share data and ratios)
December 31,
2025
September 30,
2025
December 31,
2024
December 31,
2025
December 31,
2024Adjusted Net Income:









Net income, as presented
$          22,559
$          21,194
$          14,666
$          65,160
$          53,004Adjustments before taxes:









Provision for non-PCD acquired loans
—
—
—
6,294
—Provision for acquired unfunded commitments
—
—
—
249
—Merger and acquisition costs
41
315
432
9,286
1,159Gain on sale of premises and equipment, net
—
(675)
—
(675)
—Signature Bank bond recovery
—
—
—
—
(910)Total adjustments before taxes
41
(360)
432
15,154
249Tax impact of above adjustments, as applicable(1)
(9)
83
(12)
(3,454)
179Adjustment for deferred tax valuation adjustment(2)
—
—
—
(2,421)
—Adjusted net income
$          22,591
$          20,917
$          15,086
$          74,439
$          53,432










Adjusted Diluted Earnings per Share:









Diluted earnings per share, as presented
$              1.33
$              1.25
$              1.00
$              3.84
$              3.62Adjustments before taxes:









Provision for non-PCD acquired loans
—
—
—
0.37
—Provision for acquired unfunded commitments
—
—
—
0.01
—Merger and acquisition costs


0.02
0.03
0.55
0.08Gain on sale of premises and equipment, net
—
(0.04)
—
(0.04)
—Signature Bank bond recovery
—
—
—
—
(0.06)Total adjustments before taxes
—
(0.02)
0.03
0.89
0.02Tax impact of above adjustments, as applicable(1)
—
—
—
(0.20)
0.01Adjustment for deferred tax valuation adjustment(2)
—
—
—
(0.14)
—Adjusted diluted earnings per share
$              1.33
$              1.23
$              1.03
$              4.39
$              3.65










Adjusted Return on Average Assets:









Return on average assets, as presented
1.28 %
1.21 %
1.01 %
0.94 %
0.92 %Adjustments before taxes:









Provision for non-PCD acquired loans
— %
— %
— %
0.09 %
— %Provision for acquired unfunded commitments
— %
— %
— %
0.01 %
— %Merger and acquisition costs
— %
0.02 %
0.03 %
0.13 %
0.02 %Gain on sale of premises and equipment, net
— %
(0.04) %
— %
(0.01) %
— %Signature Bank bond recovery
— %
— %
— %
— %
(0.02) %Total adjustments before taxes
— %
(0.02) %
0.03 %
0.22 %
— %Tax impact of above adjustments, as applicable(1)
— %
— %
— %
(0.05) %
— %Adjustment for deferred tax valuation adjustment(2)
— %
— %
— %
(0.04) %
— %Adjusted return on average assets
1.28 %
1.19 %
1.04 %
1.07 %
0.92 %

(1)Calculated using an estimated combined marginal income tax rate of 23% and 21% for periods ended in 2025 and 2024, respectively. (2)A one-time deferred tax valuation adjustment of $2.4 million resulted from a change in the apportionment of state income taxes due to the Northway merger. Adjusted Return on Average Equity:

For theThree Months Ended
For theYear Ended(In thousands, except number of shares, per share data and ratios)
December 31,
2025
September 30,
2025
December 31,
2024
December 31,
2025
December 31,
2024Adjusted Return on Average Equity:









Return on average equity, as presented
13.01 %
12.75 %
10.99 %
9.96 %
10.36 %Adjustments before taxes:









Provision for non-PCD acquired loans
— %
— %
— %
0.96 %
— %Provision for acquired unfunded commitments
— %
— %
— %
0.04 %
— %Merger and acquisition costs
0.02 %
0.19 %
0.32 %
1.42 %
0.23 %Gain on sale of premises and equipment, net
— %
(0.41) %
— %
(0.10) %
— %Signature Bank bond recovery
— %
— %
— %
— %
(0.18) %Total adjustments before taxes
0.02 %
(0.22) %
0.32 %
2.32 %
0.05 %Tax impact of above adjustments, as applicable(1)
— %
0.05 %
(0.01) %
(0.53) %
0.04 %Adjustment for deferred tax valuation adjustment(2)
— %
— %
— %
(0.37) %
— %Adjusted return on average equity
13.03 %
12.58 %
11.30 %
11.38 %
10.45 %

(1)Calculated using an estimated combined marginal income tax rate of 23% and 21% for periods ended in 2025 and 2024, respectively.(2)A one-time deferred tax valuation adjustment of $2.4 million resulted from a change in the apportionment of state income taxes due to the Northway merger. Pre-Tax, Pre-Provision Income and Adjusted Pre-Tax, Pre-Provision Income:

For theThree Months Ended
For theYear Ended(In thousands)
December 31,
2025
September 30,
2025
December 31,
2024
December 31,
2025
December 31,
2024Net income, as presented
$             22,559
$             21,194
$             14,666
$             65,160
$             53,004Adjustment for provision (credit) for credit losses
2,969
2,972
809
22,290
(404)Adjustment for income tax expense
5,664
5,304
3,736
13,495
12,456Pre-tax, pre-provision income
31,192
29,470
19,211
100,945
65,056Adjustment for merger and acquisition costs
41
315
432
9,286
1,159Adjustment for gain on sale of premises and equipment, net
—
(675)
—
(675)
—Adjusted pre-tax, pre-provision income
$             31,233
$             29,110
$             19,643
$           109,556
$             66,215 Efficiency Ratio:

For theThree Months Ended
For theYear Ended(Dollars in thousands)
December 31,
2025
September 30,
2025
December 31,
2024
December 31,
2025
December 31,
2024Non-interest expense, as presented
$          36,860
$          35,927
$          28,364
$        154,834
$        111,936Adjustment for merger and acquisition costs
(41)
(315)
(432)
(9,286)
(1,159)Adjustment for amortization of core deposit intangible assets
(1,474)
(1,473)
(139)
(5,893)
(556)Adjusted non-interest expense
$          35,345
$          34,139
$          27,793
$        139,655
$        110,221Net interest income, as presented
$          53,918
$          51,272
$          35,409
$        203,257
$        132,453Adjustment for the effect of tax-exempt income(1)
331
344
162
1,314
637Adjusted net interest income
54,249
51,616
35,571
204,571
133,090Non-interest income, as presented
14,134
14,125
12,166
52,522
44,539Adjustment for gain on sale of premises and equipment, net
—
(675)
—
(675)
—Adjusted non-interest income
14,134
13,450
12,166
51,847
44,539Adjusted net interest income plus adjusted non-interest income
$          68,383
$          65,066
$          47,737
$        256,418
$        177,629GAAP efficiency ratio
54.16 %
54.94 %
59.62 %
60.53 %
63.24 %Non-GAAP efficiency ratio
51.69 %
52.47 %
58.22 %
54.46 %
62.05 %

(1)Calculated using the federal corporate income tax rate of 21%. Return on Average Tangible Equity and Adjusted Return on Average Tangible Equity:

For theThree Months Ended
For theYear Ended(Dollars in thousands)
December 31,
2025
September 30,
2025
December 31,
2024
December 31,
2025
December 31,
2024Return on Average Tangible Equity:









Net income, as presented
$          22,559
$           21,194
$          14,666
$          65,160
$          53,004Adjustment for amortization of core deposit intangible assets
1,474
1,473
139
5,893
556Tax impact of above adjustment(1)
(339)
(339)
(29)
(1,355)
(117)Net income, adjusted for amortization of core deposit intangible assets
$          23,694
$           22,328
$          14,776
$          69,698
$          53,443Average equity, as presented
$        687,936
$         659,628
$        530,759
$        654,477
$        511,813Adjustment for average goodwill and core deposit intangible assets
(194,800)
(196,279)
(95,179)
(197,247)
(95,389)Average tangible equity
$        493,136
$         463,349
$        435,580
$        457,230
$        416,424Return on average equity
13.01 %
12.75 %
10.99 %
9.96 %
10.36 %Return on average tangible equity
19.06 %
19.12 %
13.50 %
15.24 %
12.83 %Adjusted Return on Average Tangible Equity:









Adjusted net income (refer to the "Adjusted Net Income" non-GAAP reconciliation table)
$          22,591
$           20,917
$          15,086
$          74,439
$          53,432Adjustment for amortization of core deposit intangible assets
1,474
1,473
139
5,893
556Tax impact of above adjustment(1)
(339)
(339)
(29)
(1,355)
(117)Adjusted net income, adjusted for amortization of core deposit intangible assets
$          23,726
$           22,051
$          15,196
$          78,977
$          53,871Adjusted return on average tangible equity
19.09 %
18.88 %
13.88 %
17.27 %
12.94 %

(1)Calculated using an estimated combined marginal income tax rate of 23% and 21% for periods ended in 2025 and 2024, respectively. Core Net Interest Margin (fully-taxable equivalent):





For theThree Months Ended
For theYear Ended(In thousands)
December 31,
2025
September 30,
2025
December 31,
2024
December 31,
2025
December 31,
2024Net interest margin, tax equivalent, as presented
3.29 %
3.16 %
2.57 %
3.17 %
2.46 %Net accretion income on loans from purchase accounting(1)
(0.31) %
(0.27) %
—
(0.30) %
—Net accretion income on investments from purchase accounting(2)
(0.07) %
(0.08) %
—
(0.07) %
—Net amortization on time deposits and borrowings from purchase accounting(3)
0.01 %
0.01 %
—
0.01 %
—Core net interest margin (fully-taxable equivalent)
2.92 %
2.82 %
2.57 %
2.81 %
2.46 %

(1)Recognized $4.6 million and $17.0 million of net accretion income on loans from purchase accounting for the three months and year ended December 31, 2025, respectively, and $3.8 million for the three months ended September 30, 2025.(2)Recognized $857,000 and $3.5 million of net accretion income on investments from purchase accounting for the three months and year ended December 31, 2025, respectively, and $937,000 for the three months ended September 30, 2025.(3)Recognized $131,000 and $525,000 of amortization expense on time deposits and borrowings from purchase accounting for the three  months and year ended December 31, 2025, respectively, and $132,000 for the three months ended September 30, 2025. Tangible Book Value Per Share and Tangible Common Equity Ratio:

December 31,
2025
September 30,
2025
December 31,
2024(In thousands, except number of shares and per share data)
Tangible Book Value Per Share:





Shareholders' equity, as presented
$          696,558
$          676,444
$          531,231Adjustment for goodwill and core deposit intangible assets
(194,085)
(195,558)
(95,112)Tangible shareholders' equity
$          502,473
$          480,886
$          436,119Shares outstanding at period end
16,924,310
16,922,225
14,579,339Book value per share
$              41.16
$              39.97
$              36.44Tangible book value per share
29.69
28.42
29.91Tangible Common Equity Ratio:Total assets
$       6,974,584
$       6,981,522
$       5,805,138Adjustment for goodwill and core deposit intangible assets
(194,085)
(195,558)
(95,112)Tangible assets
$       6,780,499
$       6,785,964
$       5,710,026Common equity ratio
9.99 %
9.69 %
9.15 %Tangible common equity ratio
7.41 %
7.09 %
7.64 % 





View original content to download multimedia:https://www.prnewswire.com/news-releases/camden-national-corporation-announces-another-record-with-fourth-quarter-2025-net-income-of-22-6-million-and-diluted-eps-of-1-33--302670340.htmlSOURCE Camden National Corporation

Original: Camden National Corporation Announces Another Record with Fourth Quarter 2025 Net Income of $22.6 Million and Diluted EPS of $1.33

Huge short interest.

CACQ--ready to pop higher

http://blogs.wsj.com/bankruptcy/2016/02/18/caesars-bankruptcy-end-may-be-in-sight/

Probably a good idea to wait n watch...GLTU

Holly cow I'll do more reading, thanks for clarifying, I'll wait till the Q then if it ever happens

When CACQ first came out I questioned why they used a Q in they symbol...they wiping out of the shares could be intentional, yet they would never admit to it. CZR is one that has the issues is my understanding, yet I could be wrong.

Distressed stocks never seem to perform as we expect, yet, I am long both and looking to reenter today sometime...we will see.

If CACQ goes into BK, I wonder what the symbol would be...CACQQ? or keep it the way it is...confusing plays.

This could be true, but there is a big difference between GGP AND CACQ. GGP had a long history of stock trading prior to it filing for bankruptcy, I would understand if a company like that wants to keep its reputation and keep its loyal stock traders. CACQ has been trading stocks since 2012, if I was the CEO I would cancel all the shares. What do you think detearing?

Researching and waiting, detearing is the the boss!

Glad I sold end of 2014. $$$$

9.35 added...

Added around $11...CACQ

$10.5 looking to add if it drops...

CACQ great stock with positive future. Big upside imo.

Good news CACQ.

Upside is capped czr has the right to buy it back at 17$ read the offering..

$19.35 up 9%

$19.18 CZR 8.17% pop...

No news....last news a few days ago was media blasting restructuring was eminent...lol

What a joke, the manipulation on this stock in the worst one in my portfolio...the games people play to get retail to sell...makes me wonder in the two big holders are responsible...

$14 pullback...still holding.

Wow...great AH news...South Korea preliminary approval for first casino.

16.36 cacq and keeps a climbing.

Got in at $8.64 and it reminds me of a company I own that is currently around $150...did a shakeout on me, but held.

Interesting cause they use Q in the name, which scared me off at first but still pulled the trigger...CZR is a great brand and this somehow is taking some casino's and all the online gaming, which has huge upside...exciting potential...could move like Sands...real fast when it hits $20's.

Verrrrrrry interesting company here :)

Glad I stumbled upon it

$16.19 CACQ up 6.4%

I think CACQ has potential that CZR may not have...from my understanding there are things to be gained by doing this process...

I will try to expound later...

Can you elaborate? Do you see czr becoming cacq by selling away assets to the cacq subsidiary and eliminating the company of debt?

$14.74 CACQ up over 4%

Happy I be...I be only Ihub here...lol

$14.35 CACQ - this reminds me of Howard Hughs Corp which I got when GGWPQ turned into General Growth Properties...GG#.

This could help negotiate or eliminate union powers of Caesars...

Now would that not be sumthin' if this went to $125...I have see stranger...

$14.52 CACQ High of Day - sweet!

$14.34 CACQ UP BIG TODAY...SO GLAD I DID NOT SELL ON THE MEDIA BLITZ REGARDING RUMORED RESTRUCTURING BY A "reliable source".

Amazing how CZR and this pops after such news...bears never eat crow...sure they got a few clicks, but the authors have no shame.

I may be only long from Ihub here. I got in on CZR stock offering at $8.64. So not selling this. Rather I am looking to add on this recent pullback. I own all major casino stocks...

Anyone here? I am looking to jump in soon. It seems like this has nearly all of the upside and little risk/downside compared to the other leisure stocks out there. Any thoughts?

13.56 holdimgv strong...

Up 6.8% CACQ

This stock will surprise many, it did me...glad I bought at $8.64 my full boat...

CACQ $13.64 up over 4.3%

13.11 up over 6% CACQ sleeper..get aboard the green train!

$11.99 CACQ just chuggin' along...

Britney news was on GMA..making her Las Vegas debut...great exposure for both CACQ CZR.

Love the fact l got all my shares at $8.64.

Good news about Planet Hollywood with Britney and AXIS...

Up over 3% to $12.14 NICE!

I like the ferris wheel they are constructing...saw it first hand...and it is a dandy!

Caesars Casino on Facebook Says Merry Christmas and Grinches Players Out Of Billions of Chips

FACEBOOK, Dec. 11, 2013 -- Early in the morning on Dec. 10, 2013, Caesars Casino on Facebook changed their homepage graphics to a Christmas scene and started playing "We Wish You A Merry Christmas" on the app home page. Caesars on Facebook sells chips but like Zynga games, there's no way to cash out. But many people buy chips for the excitement of being a high roller, even if it's just for fun.

Caesars features continuous slot tournaments with prizes for the top players. There's no entry fee and a percentage of the chips spent goes in the jackpot which keep rising until the end. Previously, 1 billion chips was the maximum prize. But lo and behold, on this Christmas morning (albeit very early) the jackpots on the contests were 5 billion, 10 billion, all the way to 81 billion chips! A magical Christmas gift indeed! Players went crazy, playing high stakes and long hours to win massive jackpots. The billion chip contests continued for 12 hours, from 4am to 4pm Pacific. An amazing day and Caesars showed remarkable holiday spirit.

Until this morning. Players were greeted with 90% or more of their chips having vanished. A few hours later, Caesars posted a message on their https://www.facebook.com/CaesarsCasino page:

---Contest Payout Discrepancy---
On 10th December 2013, between 4am & 4pm PST, contests winners were mistakenly paid 100 times more Coins than their actual prize. We are very sorry for this error and for any misunderstanding this may have caused.

To maintain the rules of contest fairness, the accounts of the prize winners will be updated with their correct prize amount. Due to this glitch we are also adding an additional 50% compensation to your contest win.

We sincerely apologize for this error to anyone who has been effected [sic]. Thank you for your understanding.
—Caesars Casino—

Immediately players began responding to the extraordinary step of just taking billions of chips out of their accounts. Instead of considering the damage to their reputation with paying players, instead the moderators began deleting comments responding to the announcement with a fever. After hundreds of comments were posted and deleted, Caesars deleted the original post and all comments and reposted with the misspelled "effected" corrected. They continue to delete comments.

Caesars is wrong on many levels. Most importantly, the contests paid exactly what they said they would pay. Many players bought chips to play in the tournaments, which had all the prizes clearly marked like this:



This wasn't a fast accident, it went on for 12 hours. Players competed for these huge prizes because that's what they said the prizes were. Winners were greeted with winning messages and the chips were deposited.

Example comments posted as replies to the ---Contest Payout Discrepancy--- posting:

Richard Anderson -- The payouts were not a "mistake". They were listed as a prize, and we played to win the listed prizes. We even bought tokens in order to win the larger prizes. And when we won, the prizes were added to our accounts. But today you just yanked the tokens out of our accounts. I went from 2.7 Billion to less than 13 Million, having paid REAL MONEY to purchase more tokens than that! When you accepted my money in exchange for tokens used to play in a contest, you accepted a contract. By retroactively changing the payouts, you breached that contract.

James Rowan -- I won BIG yesterday,I also spent time playing that I would not of if it not been for Caesars advertised winnings.They taketh away 3.5 Billion points and many hours of play.This is FRAUD.

Samantha A. Christian -- Plus there were no "mistaken payouts". The tournaments were listed as 1b - 400b (the 2 hour one). It paid out EXACTLY how it was listed and EXACTLY how it was described on the website. So it is not like the tournament was listed as 1m-400m and paid out 100X what was said. NOPE! It paid out exactly what was listed and described. This means all payouts were legitimate.

Alvin Taylor -- I played last night and played hard because I thoiught it was a gimmick to get more people to play . they took 2 and a half billion from me. Won't play this again . Will go to another sight. Who ever is in charge of this site , shame on you. You make the mistake and I pay. Wouldn't have play this much if it was regular plays. I agree that this is how the grinch stole christmas.

Caesars has handled this poorly. If they can simply change the rules and take away winnings, what will this mean for paying customers? Caesars needs to do the right thing and return players' winnings or risk ruining their online reputation, which the company is banking on to help mitigate their serious debt problems.

"We Wish You A Merry Christmas" continues playing on the homepage. https://apps.facebook.com/caesars/

Yes l started this board...just remembered as I have over 50 stocks. I fully loaded CACQ from $8.64 and got a surprise with a nice profit day one and still holding.

Casino sector poised to recover with baby boomers needing a place to hang out...be cool ya know.

Who started this board, that you detearing?

Recovering nicely so far considering initial sell offs usually last longer.

Caesars Interactive Entertainment Launches Three Online Casino Websites for New Jersey Residents & Visitors
Date : 11/21/2013 @ 1:00PM
Source : PR Newswire (US)
Stock : Caesars Acquisition Company - Class A (MM) (CACQ)
Quote : 10.75 0.14 (1.32%) @ 8:10PM
Caesars Interactive Entertainment Launches Three Online Casino Websites for New Jersey Residents & Visitors
Print
Alert
Caesars Acquisition Company - Class A (MM) (NASDAQ:CACQ)

http://ih.advfn.com/p.php?pid=nmona&article=60125989

ATLANTIC CITY, N.J., Nov. 21, 2013 /PRNewswire/ -- On June 26, 1979, Caesars Atlantic City first opened its doors. Now 34 years later, a new era of gaming in New Jersey begins, as three online real-money gaming offerings under the Caesars umbrella begin entertaining New Jersey residents and visitors.



(caption: Take a Spin at the Virtual Tables on CaesarsCasino.com -- New Jersey residents and visitors to the Garden State can now play real money casino games online. (PRNewsFoto/Caesars Interactive Entertainment)
source: CAESARS INTERACTIVE ENT.
media contact info: Seth Palansky, Caesars Interactive Entertainment, Inc. (CIE) Vice President, Corporate Communications, spalansky@caesars.com, +1-702-407-6344.
tags: ENTERTAINMENT, Gambling & Casinos)

Starting at 6 pm tonight, consumers 21 or older inside New Jersey's borders and who have been vetted through our responsible gaming screening can log onto CaesarsCasino.com, HarrahsCasino.com or WSOP.com to play poker, blackjack, roulette, baccarat, video slots and video poker as part of the soft launch.

Caesars Interactive Entertainment, Inc. (CIE), the online arm of Caesars Acquisition Company (CAC) (Nasdaq: CACQ), is offering three distinct brands right out of the gate.

Both the Caesars and the Harrah's names will become the longest-running casino brands in New Jersey to offer online gaming, and the World Series of Poker is the longest-running poker brand in existence, with roots dating back to 1970. WSOP.com launched real-money online poker in Nevada two months ago.

"We are excited to be launching three of the most iconic U.S. gaming brands online for those inside New Jersey borders," said CIE Senior Vice President Geoffrey Stewart. "With industry-leading technology and the loyalty benefits of our Total Rewards and Action Club programs, we know consumers will quickly see why CaesarsCasino.com, HarrahsCasino.com, and WSOP.com are some of the best places to play online casino games for real money in the Garden State. The fun and action found online will reflect what our players have come to expect from our land-based properties for decades."

When the sites launch tonight, the offering will be in the soft launch stage, a period in which CIE and the New Jersey Division of Gaming Enforcement (NJDGE) authorities will closely monitor all facets of the operation. The soft launch phase starts with limited hours. November 21-22: 6 pm to 2 am Eastern Time; November 23: 8 am to midnight Eastern Time; and November 24 and 25: Open 24 hours. The NJDGE will have final authority to approve the technology. Once cleared, a full unencumbered launch is expected to occur. CIE expects its offerings to be consistent during and after this phase. The public can play on the site during the soft launch stage.

At launch, CaesarsCasino.com, HarrahsCasino.com and WSOP.com will be available on both PC's and Mac desktop computers. The casino products will be web-browser based offerings, while WSOP.com, as is in Nevada, is a downloadable software product that is saved to a player's desktop. Mobile versions of all three offerings are expected in the coming months.

Consumers can log onto CaesarsCasino.com, HarrahsCasino.com and WSOP.com right now to register for an account. To follow the latest from each of our sites, please follow us on Twitter by adding @CaesarsOnline (www.twitter.com/CaesarsOnline), @HarrahsOnline (www.twitter.com/HarrahsOnline) and @WSOPcom (www.twitter.com/WSOPcom).

To power CaesarsCasino.com, CIE has partnered with Amaya Gaming. Amaya is a Montreal, Canada headquartered company founded in 2004 and a leading provider of technology-based gaming solutions to the regulated gaming industry.

For the HarrahsCasino.com and WSOP.com offerings, CIE has partnered with 888 Holdings, Inc. 888 also powers CIE's online offerings in Nevada. 888 Holdings was founded in 1997 and is based in Gibraltar.

Customer Loyalty Program

Caesars has an industry-leading customer loyalty program called Total Rewards, which operates in a similar manner to other loyalty programs in other industries, rewarding customers with benefits that matter most to them, both with tier status upgrades as well as award redemptions based on point accumulation. The Caesars database currently has 44 million members in the program and this program will be extended into the online space through CIE.

CaesarsCasino.com & HarrahsCasino.com: Customers will be able to earn loyalty benefits for their play utilizing Caesars Entertainment's industry-leading loyalty program. Total Rewards members signing up for any of CIE's online real-money offerings will be able to continue earning Reward Credits toward their tier status for their online play while also earning Reward Credits for use at any Total Rewards casino. Rewards Credits can be used both in land-based venues and online. Benefits include the ability to use points for discounted room nights, dining credit, show tickets and merchandise across all Caesars properties.

WSOP.com: Following the lead of Total Rewards, WSOP.com will utilize its own loyalty program already launched in Nevada, called the Action Club, and will recognize and reward online poker players with loyalty points (WSOP Points) for each hand or tournament they play. The Action Club Rewards currency can be redeemed for cash to buy into online ring games or tournaments or they can be converted into Rewards Credits to use for discounted room nights, dining credit, show tickets, merchandise or even WSOP tournament buy-ins across all Total Rewards casinos. Plus they can be turned into dollars for those who wish to keep them online. Additionally, given the close ties with Total Rewards, Action Club members will have the ability to earn casino status in the Total Rewards program based on their online play. The simplicity, transparency and association with Total Rewards, plus competitive and easy to redeem rewards make the Action Club a premier loyalty program.

Promotions

In terms of promotions, CIE is expected to provide some of the best offers in the business. Each of our three sites will offer unique opportunities for those participating, with each website providing all the latest promotions and details under its "promotions" page. Some expected promotions include:

CaesarsCasino.com – "Live Like Caesar" – With over $80,000 in prizes, including a Grand Prize first-class trip to Rome, Italy*
HarrahsCasino.com – "Pop n' Shop Britney Spears Sprees" plus "$30,000 in prizes in 30 Days" – One lucky grand prize winner will be whisked to Las Vegas with VIP concert tickets to experience Britney Spears' residency at Planet Hollywood Las Vegas, plus a $2,000 shopping spree to get them ready for the big night*
WSOP.com -- $1,000,000 guarantee Online Championships, plus the exclusive destination to win seats into land-based WSOP events*
*Subject to approval of NJDGE.

Deposits/Withdrawals

Players will be able to register and withdraw from outside New Jersey borders, but to participate in games consumers will need to be verified as inside the state borders of New Jersey. Our platforms will use state-of-the-art geo-location technology to validate where players are physically located. To fund an online account with us, customers have a variety of options to do so. Deposit and Withdrawal options include:

At the Caesars Atlantic City casino cage (cash only)
ACH (eChecks via your banking account)
Credit and Debit Cards
Paper checks (withdrawal only)
Site by Site specifics

WSOP.com: WSOP.com is the online home of world's most-trusted, oldest and most prestigious poker brand – the World Series of Poker (WSOP). It will be the exclusive destination for online players in New Jersey to win seats into the land-based World Series of Poker, which has awarded more than $1.8 billion to players during its history, including more than $197 million in 2013 alone. WSOP.com will offer satellite and ladder tournaments that could qualify a player for a seat at the $10,000 WSOP Main Event at the Rio All-Suite Hotel & Casino in Las Vegas for the price of a movie ticket.

WSOP.com kicks off its unique offering with an opportunity for players of all skill levels to participate in our live offering at Harrah's Atlantic City when the WSOP Circuit rolls into town from November 29 to December 9. The WSOP.com team will be on hand at the Circuit Event and will be offering Circuit players special promotions.

At launch, the WSOP.com real-money poker offering will be available to both PC and Mac Users and will offer:

Cash games, Sit & Go's, Satellites and Multi-table Tournaments
Buy-ins for cash games that start as low as 1¢-2¢ and tournaments that start at $1.10
Daily $100 freerolls for players of all levels
Limit and No-Limit Hold'em with full table and short-handed games, plus the popular Omaha variant including Omaha Hi-Lo, as well as Seven Card Stud.
Casino games – Click on the Blackjack or Casino tab, to open up a host of casino-style games.
Action Club – Our own unique loyalty program for players.
In order to begin playing on WSOP.com, players should go to www.WSOP.com and follow the instructions to register and download the poker client.

CaesarsCasino.com: Caesars Palace opened in Las Vegas in 1966 and in Caesars Atlantic City in 1979. Just like at Caesars Atlantic City or Caesars Palace, consumers signing up to CaesarsCasino.com will find a wide variety of their favorite table games and slots to choose from. And if you are a Total Rewards member, don't forget to provide us your Total Rewards membership number, so you can earn Tier Credits and Reward Credits. If you aren't yet a Total Rewards member, don't fret. Sign up for free for the first time and show your loyalty with us to be rewarded in return. Among the expected action you will find on CaesarsCasino.com:

Blackjack
Roulette (both American and European-style)
Baccarat
Video Poker
Video Slots – a whole host of slot content from the best in the business, including some of the most popular games and others you will surely enjoy
In order to begin playing on CaesarsCasino.com, consumers should go to www.CaesarsCasino.com and follow the instructions to register.

HarrahsCasino.com: William F. Harrah opened his first bingo parlor in Reno, Nevada in 1937. The Harrah's brand has been around ever since and we are excited to offer its first-ever internet iteration to those in New Jersey, under the HarrahsCasino.com banner. Much like our CaesarsCasino.com offering, consumers will find a wide variety of casino games they are used to playing at Harrah's properties throughout the United States. The Total Rewards program does extend to HarrahsCasino.com too! Among the expected games you can play on HarrahsCasino.com are:

Blackjack
Roulette (American, European and French versions)
Video Slots
Video Poker
In order to begin playing on HarrahsCasino.com, consumers should go to www.HarrahsCasino.com and follow the instructions to register.

FORWARD LOOKING STATEMENTS

This press release includes "forward-looking statements." You can identify these statements by the fact that they do not relate strictly to historical or current facts. These statements contain words such as "may," "will," "project," "might," "expect," "believe," "anticipate," "intend," "could," "would," "estimate," "continue," "pursue," or the negative or other variations thereof or comparable terminology. In particular, they include statements relating to, among other things, when online real money gaming will launch and the expected games on each of the offerings. These forward-looking statements are based on current expectations and projections about future events.

You are cautioned that forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties that cannot be predicted or quantified, and, consequently, the actual performance of CIE and the synergy between offline and online that we believe will be achieved may differ materially from those expressed or implied by such forward-looking statements. Any forward-looking statements are made pursuant to the Private Securities Litigation Reform Act of 1995 and, as such, speak only as of the date made. CIE disclaims any obligation to update the forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date stated or, if no date is stated, as of the date of this press release.

ABOUT CIE

CIE is a subsidiary of Caesars Growth Partners, LLC ("CGP"), a casino asset and entertainment company focused on acquiring and developing a portfolio of high-growth operating assets and equity and debt investments in the gaming and interactive entertainment industry. CGP is a joint venture between Caesars Acquisition Company (NASDAQ: CACQ) and Caesars Entertainment Corporation (NASDAQ: CZR), the world's most diversified casino entertainment provider and the most geographically diverse U.S. casino-entertainment company. CAC is CGP's managing member. For addition information please visit: www.caesarsinteractive.com.

SOURCE Caesars Interactive Entertainment


Copyright 2013 PR Newswire