Camden National Corporation · NASDAQ:CAC
Camden National — Investor Presentation (June 2026)
17 slides from Camden National's investor presentation, Jun 18, 2026
Slide 1: Investor Presentation
Investor Presentation Simon Griffiths | President & Chief Executive Officer Mike Archer | EVP, Chief Financial Officer Renée Smyth | EVP, Chief Experience & Marketing Officer f~ June 2026
Slide 2: Forward-Looking Statements and Additional Information
12 Forward -Looking Statements and Additional Information 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 statements, which are subject
Slide 3: Camden National Corporation: Who We Are
2 Camden National Corporation • Largest publicly traded bank headquartered in Northern New England • Parent company of Camden National Bank - Established 1875 Who We Are 3 High -Value Franchise $7.0B Assets $5.0B Loans $5.6B Deposits 675+ Employees 72 Branches $2.4B AUM/A As of March 31, 2026 NASDAQ
Slide 4: Strategic Objectives Fueling Accelerated Growth
Strategic Objectives Fueling Accelerated Growth 54 ✓ Proven acquiror ✓ Positioned for commercial banking expansion through deep local expertise and expanded market presence ✓ Bolstering wealth management with an exceptional service model reaching mass affluent and affluent customers ✓ Attracting and
Slide 5: Why Invest?
Why Invest? 5 • Low -risk, high -quality balance sheet Top-quartile credit performance supported by disciplined underwriting and portfolio diversification • Stable, relationship -driven deposit base Granular, low-cost deposits anchored in primary customer relationships • Well diversified revenue bas
Slide 6: Positioned for Growth in Neighboring Attractive Markets
$5.9B $5.5B $3.9B $3.4B $3.2B $2.7B $2.3B $2.3B $2.3B $1.6B $1.6B $1.6B $1.4B $1.4B $1.4B $1.1B $1.0B $0.9B $0.8B $0.7B Bangor Savings Camden Bar Harbor Northeast Bank NH Mutual First National Machias Savings Bank of New Hampshire Maine Community Kennebunk Norway Savings Mascoma Androscoggin Savings
Slide 7: Technology and Innovation: Enhancing Growth and Efficiency
Deepening customer relationships and driving engagement through digital innovation • Embedded financial wellness tools within digital banking to increase engagement and deliver value -added insights • Launched Round -Up , enabling customers to seamlessly save or donate through everyday debit card tr
Slide 8: NII and NIM Expansion
$49.2 $49.5 $51.6 $52.6 $54.2 2.68% 2.70% 2.82% 2.92% 2.92% 3.04% 3.06% 3.16% 3.29% 3.24% 1Q25 2Q25 3Q25 4Q25 1Q26 NII - FTE Core NIM - FTE(1) NIM - FTE NII and NIM Expansion 8 Net Interest Margin Highlights (as of March 31, 2026) • NIM up 20 bps and core NIM (1) up 24 bps, YoY • Anticipating 2 -5 b
Slide 9: Well Balanced Loan Portfolio
Residential Real Estate 40% Commercial Real Estate 44% Commercial 9% Home Equity and Consumer 7% Well Balanced Loan Portfolio • #3 residential mortgage lender in Maine • Growing HELOC portfolio, up 21% YoY • No large commercial credit concentrations • Total syndicated loan balance of $79mm, or 2% of
Slide 10: High Quality Low-Cost Deposit Franchise
High Quality Low -Cost Deposit Franchise (1) This is a non -GAAP financial measure. Refer to the non -GAAP reconciliation table in the appendix. • Total deposits less brokered deposits grew 2% YoY • Customers with <$1mm in balances made up 68% of adjusted total deposits (1) • Uninsured and uncollate
Slide 11: Superior Asset Quality
Superior Asset Quality (1) Peer Group defined as component companies of the S&P U.S. SmallCap Banks index with total assets between $2.0 billion and $10.0 billion, excluding merger targets. YTD figures are as of 3/31/26. Source: S&P Global. NPAs / Loans & OREO (1) 1011 0.00% 0.50% 1.00% 1.50% 2.00%
Slide 12: Commercial Diversification Positioned for Expansion
Real Estate Investment 52% Lodging 12% Retail Trade 7% Health Care / Social Asst. 6% Construction 3% Other (14 Industries <3.0%) 20% Office Buildings 13% Multi-Family / Apartments 34% Retail Store 15% Industrial / Warehouse 13% 1-4 Family 11% Other Nonresidential Buildings 14% Commercial Diversifica
Slide 13: Diversified and Growing Non-Interest Income
$2.20 $2.29 $2.36 $2.44 $2.43 1Q25 2Q25 3Q25 4Q25 1Q26 Diversified and Growing Non -Interest Income 1213 Non-Interest Income Highlights (as of March 31, 2026) • 11% AUM YoY organic growth driving fee income momentum • Non-interest income represents 19% of total revenue • Residential mortgage sales:
Slide 14: Driving Operating Efficiency and Scale
Driving Operating Efficiency and Scale ($ in millions) Efficiency Ratio (1) 59% 55% 52% 52% 53% Non-Interest Expense Highlights (as of March 31, 2026) 13 (1)This is a non -GAAP measure. Refer to the non -GAAP reconciliation table in the appendix. Overhead Expense Ratio = Annualized Non -interest Exp
Slide 15: Capital Levels that Support Key Strategic Initiatives
Capital Levels that Support Key Strategic Initiatives (1) This is a non -GAAP financial measure. Refer to the Company’s financial information filed with the SEC for the respective period. (2) Capital Payout Ratio = (Dividends + Share Repurchases) / Net Income. 15 Capital Highlights (as of March 31,
Slide 16: Appendix
APPENDIX ae Gannien NATIONAL CORPORATION
Slide 17: Non-GAAP Reconciliation
16 Non-GAAP Reconciliation 17 (In thousands) March 31, 2026 December 31, 2025 Total deposits, as presented 5,585,352$ 5,537,781$ Add: Customer repurchase agreements 263,429 254,780 Less: Brokered deposits 118,883 130,565 Adjusted total deposits 5,729,898$ 5,661,996$ (In thousands) March 31, 2026 Dec