Camden National Corporation Reports First Quarter 2021 Financial Results
Camden National Corporation Reports Record Net Income of $19.7 Million for the First Quarter of 2021
News provided by
Share this article
Share this article
CAMDEN, Maine, April 27, 2021 /PRNewswire/ Camden National Corporation (NASDAQ: CAC; Camden National or the Company ), a $5.1 billion bank holding company headquartered in Camden, Maine, reported net income of $19.7 million and diluted earnings per share ( EPS ) of $1.31 for the first quarter of 2021, increases of 46% and 47% over the first quarter of 2020, respectively. On a linked-quarter basis, the Company s first quarter 2021 net income and diluted EPS increased 8% and 7% over the fourth quarter of 2020, respectively. These strong financial results led to a return on average equity of 15.00% and a return on average tangible equity (non-GAAP) of 18.47% for the first quarter of 2021.
FIRST QUARTER 2021 FINANCIAL RESULTS
Camden National Corporation Reports Record Net Income of $19.7 Million for the First Quarter of 2021
CAMDEN, Maine, April 27, 2021/PRNewswire/ Camden National Corporation (NASDAQ: CAC; “Camden National” or the “Company”), a $5.1 billion bank holding company headquartered in Camden, Maine, reported net income of $19.7 million and diluted earnings per share ( EPS ) of $1.31 for the first quarter of 2021, increases of 46% and 47% over the first quarter of 2020, respectively. On a linked-quarter basis, the Company s first quarter 2021 net income and diluted EPS increased 8% and 7% over the fourth quarter of 2020, respectively. These strong financial results led to a return on average equity of 15.00% and a return on average tangible equity (non-GAAP) of 18.47% for the first quarter of 2021.