News Column

Camden National Corporation Reports An Increase In Second Quarter 2014 Earnings Per Share Of 13% Over First Quarter 2014

August 16, 2014

By a News Reporter-Staff News Editor at Investment Weekly News -- Camden National Corporation (NASDAQ: CAC; "Camden National" or the "Company"), a $2.7 billion bank holding company headquartered in Camden, Maine, reported net income for the second quarter of 2014 of $6.3 million and diluted earnings per share ("EPS") of $0.85, representing a 10% increase in earnings and a $0.10 increase in EPS compared to the first quarter of 2014. Camden National's return on equity and return on assets for the second quarter of 2014 was 10.92% and 0.95%, respectively, compared to 9.97% and 0.89% last quarter.

"We have implemented several significant strategies over the past several quarters and are pleased to see the positive impact of those investments," said Gregory A. Dufour, president and chief executive officer. "Our annualized loan growth of 15% for the first half of 2014 and a 13% increase in earnings per share over the first quarter of 2014 reflects our efforts to increase market share and enhance our products to better serve our customers, while balancing the needs of our shareholders through our repurchase and dividend programs."

Second Quarter 2014 Highlights

-- Earnings Growth -- Second quarter 2014 EPS grew 13% or $0.10 per share

Keywords for this news article include: Finance, Camden National Corporation.

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Source: Investment Weekly News

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