Camden National reports Q3 core EPS 94c, consensus 83c

Reports Q3 net interest margin 2.46%, an increase of 10 basis points over Q2. Tier 1 leverage capital ratio was 9.84% from 9.64% at previous quarter end. Tangible book value per share was $29.82 from $28.34 at previous quarter end. “The pending merger we announced just last month marks an important step in our journey to expand in a contiguous market with a bank that shares a similar culture, consistent credit and risk profiles, and a deep commitment to our communities,” said CEO Simon Griffiths. “Our outstanding results are driven by strong momentum, complemented by our continued exceptional credit and risk management and robust capital positions. We are confident that our strategic investments in talent, technology, products, and services will continue to benefit us as macroeconomic conditions improve.”