Camden National Corporation · NASDAQ:CAC
Camden National — Investor Presentation (December 2025)
20 slides from Camden National's investor presentation, Dec 2, 2025
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"~ December 2025
Slide 2: Forward-Looking Statements and Non-GAAP Financial Measures
Forward-Looking Statements and Non-GAAP Financial Measures 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 sub
Slide 3: Who We Are
As of September 30, 2025 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 $5.4B Deposits 700+ Employees 72 Branches $2.4B AUM/A As
Slide 4: Resilient and Forward-Looking Franchise
Resilient and Forward-Looking Franchise 5 • Strong balance sheet, with prudent interest rate and liquidity risk management • Disciplined credit culture with a history of delivering top-quartile asset quality • Diversified, low-cost deposit base, grounded in primary relationships • Strong foundation
Slide 5: Strategic Objectives Fueling Accelerated Growth
Strategic Objectives Fueling Accelerated Growth 55 Proven acquiror Positioned for commercial banking expansion through deep local expertise and market presence Bolstering wealth management with an exceptional service model reaching mass affluent and affluent customers Attracting and retainin
Slide 6: Successful Acquisition of Northway Financial
Bolstering Our Northern New England Presence Successful Acquisition of Northway Financial 5 Metric Announcement September 2024 Consideration Earnings Deal Value Shares Issued $86.6 2,283,782 One-time charges Annual cost saves EPS Accretion $13.5 35% 20% Actual Results & Expectations September 30, 20
Slide 7: 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 8: Driving Innovation Across our Business
Growing relationships via seamless digital and self-service solutions • 131% increase in consumer accounts originated digitally YoY • 6% increase in mobile users YoY • 11% increase in digital engagement among customers under 45 YoY Driving Innovation Across our Business 7 Scaling enterprise for oper
Slide 9: 3rd Quarter 2025 Overview
3rd Quarter 2025 Overview • Net income totaled $21.2 million, 51% increase over Q2 2025. Pre-tax, pre-provision income(1) of $29.5 million, 19% increase over Q2 2025 • Net interest margin of 3.16%, 10 basis points over Q2 2025 • Non-interest income of $14.1 million, 8% increase over Q2 2025 • Loans
Slide 10: Well Diversified Loan Portfolio
Residential Real Estate 40% Commercial Real Estate 43% Commercial 10% Home Equity and Consumer 7% Well Diversified Loan Portfolio • #2 residential mortgage lender in Maine • Growing HELOC portfolio, up 27% YoY • Acquired Northway loan portfolio aligns closely with the composition of Camden’s legacy
Slide 11: Commercial Diversification Positioned for Expansion
Commercial Diversification Positioned for Expansion 9 Real Estate Investment Breakdown (as of 9/30/25) CRE and Commercial Loans by Industry (as of 9/30/25) C R E H ig hl ig ht s • 49% of real estate located in Maine, 36% in New Hampshire, and 10% in Massachusetts • 82% non-owner occupied; 18% owner
Slide 12: Peer Leading Asset Quality
Peer Leading Asset Quality • Above peer median asset quality over the past two credit cycles • Average FICO score: 754 • In Q3 2025, charged-off $10.7 million on a syndicated loan (1) Peer Group defined as component companies of the S&P U.S. SmallCap Banks index with total assets between $2.0 billio
Slide 13: Diversified Low-Cost Deposit Base
Diversified Low-Cost Deposit Base (1) This is a non-GAAP financial measure. Refer to the non-GAAP reconciliation table in the appendix. • Total deposits up 22%, YoY • Acquired $972mm in total deposits from Northway acquisition • Customers with <$1mm in balances made up 70% of adjusted total deposits
Slide 14: NII and NIM Expansion
NII and NIM Expansion 14 Net Interest Margin Highlights (as of September 30, 2025) • NIM up 70bps and core NIM(1) up 36 bps, YoY • Positioned well for NIM expansion in the current interest rate environment • Anticipating 5-10 bps in margin expansion in Q4 25 • Loan portfolio by rate category was: 58
Slide 15: Growing Non-Interest Income
Growing Non-Interest Income H ig hl ig ht s 12 • 11% AUM YoY organic growth driving fee income momentum • Non-interest income represents 22% of total revenue • Residential mortgage sales: 52% of originated sold in first nine months vs. 57% in 2024 As of September 30, 2025 ($ in thousands) YTD Income
Slide 16: Driving Operating Efficiency and Scale
Driving Operating Efficiency and Scale ($ in millions) Efficiency Ratio(1) 62% 58% 59% 55% 52% Non-Interest Expense Highlights (as of September 30, 2025) 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 17: Capital Levels that Support Key Strategic Initiatives
Total Capital Ratio TCE Ratio(1) Leverage Ratio 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. 14.85% 15.11% 13.13% 13.35% 13.47% 3Q24 4Q24 1Q25 2Q25 3Q25 9.84%
Slide 18: Built on Strength. Positioned for Growth. Focused on the Future.
Built on Strength. Positioned for Growth. Focused on the Future. Investment Merits • Premier Franchise in Attractive Markets Expanding presence in high-growth regions with a strong competitive advantage • Low-Risk, High-Quality Balance Sheet Supported by a robust core deposit base and disciplined ri
Slide 19: Appendix
APPENDIX = Gander NATIONAL | 19 CORPORATION
Slide 20: Non-GAAP Reconciliation
16 (In thousands) September 30, 2025 June 30, 2025 Total deposits, as presented 5,402,758$ 5,514,712$ Add: Customer repurchase agreements 254,992 240,367 Less: Brokered deposits 124,326 211,837 Adjusted total deposits 5,533,424$ 5,543,242$ Non-GAAP Reconciliation 20 (In thousands) September 30, 2025
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