Camden National Corporation · NASDAQ:CAC
Camden National — Investor Presentation (December 2024)
25 slides from Camden National's investor presentation, Dec 2, 2024
Slide 1: Form 8-K Current Report
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (date of earliest event reported): December 2, 2024 Camden National Corporation (Exact name of registrant as specified
Slide 2: Item 7.01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. Camden National Corporation (the "Company") prepared an investor presentation with information about the Company for upcoming investor meetings. The investor presentation is attached as Exhibit 99.1. The investor presentation is being furnished pursuant to Item 7.
Slide 3: Additional Information and Where to Find It
Additional Information and Where to Find It This communication is being made in respect of the proposed merger transaction involving Camden and Northway. Camden filed a registration statement on Form S-4 with the SEC, which includes a proxy statement of Northway and a prospectus of Camden. The regis
Slide 4: Investor Presentation December 2024
Investor Presentation Simon Griffiths | President & Chief Executive Officer Mike Archer | EVP, Chief Financial Officer Renée Smyth | EVP, Chief Experience & Marketing Officer > December 2024
Slide 5: Forward-Looking Statements and Non-GAAP Financial Measures
Forward-Looking Statements and Non-GAAP Financial Measures This Current Report on Form 8-K and the exhibits filed herewith may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements about Camden’s beliefs, plans, strategies, pr
Slide 6: Additional Information and Where to Find It
Additional Information and Where to Find It This communication is being made in respect of the proposed merger transaction involving Camden and Northway. Camden filed a registration statement on Form S-4 with the SEC, which includes a proxy statement of Northway and a prospectus of Camden. The regis
Slide 7: Company Overview
Company Overview High-Quality Franchise As of September 30, 2024 $5.7B $4.1B $4.6B Assets Loans Deposits $2.1B 57 600+ AUM/A Branches Employees ° ° ° NASDAQ: CAC 2 sic As of Nov 25, 2024 6 Al a ‘99 . ELLSWORTH $705M 51,000 1875 y | \ de Market Cap Avg. Daily Founded | e Se Share Volume eee 256 O, CA
Slide 8: Executive Leadership Team
Simon Griffiths President and CEO • Served as head of core banking at Citizens Bank • Joined 2023 • 27+ years of industry experience Trish Rose EVP, Retail & Mortgage Banking • 25+ years of industry experience Barbara Raths EVP, Commercial Banking • 18+ years of industry experience Mike Archer EVP,
Slide 9: Key Strategic Priorities
Key Strategic Priorities ntegrate pending merger with Northway Financial, Inc. seamlessly to leverage scale and capabilities, and accelerate market expansion in New Hampshire Focus on stronger and deeper customer relationships to grow market share nvest in talent to accelerate commercial loan growth
Slide 10: Pending Merger with Northway Financial
Subject to Northway shareholder and customary regulatory approvals. • • •
Slide 11: Positioned for Growth in Neighboring Markets
Positioned for Growth in Neighboring Markets a Mai New Camdei +Northway aine . _ Hampshire Gangorsa@ as Community Bank Deposits in Maine and New Hampshire as of June 30, 2024 Attractive Camden . NH Mutual Bancorp Population 1,394K 1,406K Bar Harbor Panulation First National d p it 45/sq. mi 157/sq.
Slide 12: Driving Innovation Across our Business
Driving Innovation Across our Business Advancing technology for greater efficiency and enhanced customer experience Over 130 bots in production, processing 3 million items, saving over 50,000+ hours New State-of-the-art online account opening platform scheduled to go live at year-end, set to grow an
Slide 13: • • • • • • • • 50.00% 60.00% 70.00% 80.00% 90.00% 100.00%
• • • • • • • • 50.00% 60.00% 70.00% 80.00% 90.00% 100.00% 2019 2020 2021 2022 2023 2024 YTD
Slide 14: Loan Portfolio Composition
50% 11% 7% 5% 4% 3% 3% 3% 14% Real Estate Investment Lodging Retail Trade Health Care / Social Asst. Construction Manufacturing Finance / Insurance Wholesale Trade Other (16 Industries <3.0%) • • • • • • • • • • • • 25% 17% 16% 16% 15% 11% Multi-Family / Apartments 1-4 Family Office Buildings Indust
Slide 15: Asset Quality Trends
0.00% 0.50% 1.00% 1.50% 2.00% 2019 2020 2021 2022 2023 2024 YTD 0.00% 0.10% 0.20% 0.30% 0.40% 0.50% 2019 2020 2021 2022 2023 2024 YTD 0.00% 200.00% 400.00% 600.00% 800.00% 1,000.00% 2019 2020 2021 2022 2023 2024 YTD
Slide 16: • • • • • • • 0.00% 10.00% 20.00% 30.00% 40.00% 2019 2020
• • • • • • • 0.00% 10.00% 20.00% 30.00% 40.00% 2019 2020 2021 2022 2023 2024 YTD
Slide 17: Growing Non-Interest Income
Growing Non-Interest Income $32.4 Non-Interest Income Highlights 7 (YTD September 30, 2024) « Non-interest income is 25% of total revenue * 7% growth year over year * AUA of $2.1 billion, up 21% year-over-year ¢ Focused on growing Wealth and Brokerage business lines through strategic hires, investme
Slide 18: 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% • • • •
0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% • • • •
Slide 19: Capital Ratios
12.00% 13.00% 14.00% 15.00% 16.00% 2019 2020 2021 2022 2023 2024 YTD 0.00% 3.00% 6.00% 9.00% 12.00% 2019 2020 2021 2022 2023 2024 YTD 7.00% 8.00% 9.00% 10.00% 11.00% 2019 2020 2021 2022 2023 2024 YTD
Slide 20: Driving Long-Term Shareholder Value
Driving Long-Term Shareholder Value Data range: November 25, 2014 - November 25, 2024 CAC 13.1% 36.9% 171.3% S&P SmallCap Banks 22.3% 54.1% 148.1% 148% New England Banks 20.1% 48.1% — 86.3% | 139% Russell 2000 16.0% 60.7% 138.6% 10 Year Stock price appreciation: 98.6% 86% Average dividend yield: 3.3
Slide 21: Appendix
Appendix | Camden CORPORATION
Slide 22: Overview - 3rd Quarter 2024
Overview - 3rd Quarter 2024 Continue to generate consistent, sustainable Net Income long-term performance $13.1 million + Net income for the third quarter of 2024 was $13.1 million, an increase of $1.1 million, or 9%, compared to the Diluted EPS | TBV/Share second quarter of 2024. Over the same peri
Slide 23: Balance Sheet - Quarter Trend
Balance Sheet - 5 Quarter Trend $ millions 3Q23 4Q23 1024 2Q24 3Q24 Loans $4,058 $4,098 $4,121 $4,139 $4,117 Investment Securities $1,158 $1,191 $1,163 $1,135 $1,157 Total Assets $5,780 $5,715 $5,795 $5,724 $5,745 Deposits $4,678 $4,597 $4,552 $4,514 $4,575 Borrowings $514 $530 $646 $597 $561 Shareh
Slide 24: Income Statement - Quarter Trend
Income Statement - 5 Quarter Trend $ thousands 3Q23 4Q23 1024 2Q24 3Q24 Net interest income $32,584 $32,709 $31,273 $32,184 $33,587 Provision for credit losses ($574) $569 ($2,102) $650 $239 Non- interest income $5,072 $5,986 $10,322 $10,645 $11,406 Total revenue $37,656 $38,695 $41,595 $42,829 $44,
Slide 25: Investing in talent, technology, and communities
Investing in talent, technology, and communities Rewarded & Recognized Executing against integrated small business approach with local expertise and solutions Continued focus on developing and acquiring top talent @ \ 2 | 4.38 out of 5 Gallup Engagement Survey, 72°¢ percentile Industry-leading custo
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