Camden National Corporation · NASDAQ:CAC
Camden National — Q1 2025 Earnings Presentation
6 slides from Camden National's earnings presentation, May 6, 2025
Slide 1: First Quarter 2025 Earnings Conference Call
First Quarter 2025 Earnings Conference Call Simon Griffiths | President & Chief Executive Officer Mike Archer | EVP, Chief Financial Officer Renée Smyth | EVP, Chief Experience & Marketing Officer > May 6, 2025
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation may contain “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, assumpti
Slide 3: Northway Transaction Assumptions
Northway Transaction Assumptions ($ in millions excl. TBV / Share) Announcement September 2024 Actual Results & Updated Expectations as of March 31, 2025 Comments Deal Value $86.6 $96.5 Higher closing stock price of $42.25 at deal close on January 2, 2025 versus deal announcement stock price of $37.
Slide 4: Earnings Impact – 1Q25
Earnings Impact – 1Q25 (in thousands) Announcement September 2024 Actual Results Pre-Tax Impact: Net Interest Income Loan Interest Mark and non-PCD Loans Credit Mark Accretion 4,043$ 4,316$ Investment Fair Value Mark Accretion 970 831 Time Deposits & Borrowings Fair Value Mark Amortization (38) (102
Slide 5: Balance Sheet Impact
Balance Sheet Impact 1) The presented fair value adjustment on loans and loans held for sale is net of the acquired allowance for credit losses (“ACL”) on loans of $10.2 million and acquired net deferred origination costs of $2.0 million, as these balances were eliminated in purchase accounting. Add
Slide 6: ACL and Provision Expense
ACL and Provision Expense • • • ($ in thousands, unless otherwise stated)