Camden National Corporation (NASDAQ:CAC) banking and financial services provider, is reporting second quarter earnings results on Tuesday 28th July 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.73 per share.
For the full year, analysts predict revenues of $ 177.78 million, while looking forward to income of $ 3.21 per share.
Previous Quarter Performance
Camden National Corporation revealed income for the first quarter of $ 0.89 per share, from the revenue of $ 43.23 million. The quarterly earnings reduced 2.20 percent while revenues up 4.72 percent compared with the same quarter last year.
Wall street analysts are predicting, CAC to report 1Q20 income of $ 0.69 per share from revenue of $ 41.13 million. The bottom line results beat street analysts by $ 0.2 or 28.99 percent, at the same time, top line results outshined analysts by $ 2.10 million or 5.11 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of CAC was $ 32.90, representing a 27.82 % increase from the 52 week low of $ 25.74 and a 32.14 % decrease over the 52 week high of $ 48.48.
The company has a market capital of $ 492.01 million and is part of the Financial Services sector and Banks – Regional – US industry.
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Conference Call
Camden National Corporation will be hosting a conference call at 3:00 PM eastern time on 28th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.camdennational.com
Camden National Corporation operates as the holding company for Camden National Bank that provides commercial and consumer banking products and services to consumer, institutional, municipal, non-profit, and commercial customers. It offers various deposit products, including demand, checking, saving, and money market accounts; and time deposits, as well as certificates of deposit. The company also originates single family and multi-family residential loans, commercial real estate loans, business loans, municipal loans, and various consumer loans, as well as loans for the construction of residential homes, multi-family properties, and commercial real estate properties; and commercial lending to the small business medical field, including dentists, optometrists, and veterinarians.
