CAMDEN NATIONAL CORP CAC Income Statement

Camden national corp (CAC)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Interest Income
Interest and fees on loans
141,723	143,399	142,552	139,158	134,433	128,546	123,742	120,279	117,335	114,563	111,942	109,987	109,270	109,224	107,261	98,517	90,153	81,221	74,082	73,543	71,958	70,654	69,587	68,945	69,247	70,262	71,396	72,010	72,219	72,859	73,720	75,151	77,140	78,174	79,926	81,004	0	0	0
Taxable interest on investments
19,393	19,509	19,437	19,051	18,496	17,727	17,110	16,879	16,848	16,879	16,815	16,687	16,348	16,082	15,959	15,508	15,209	15,091	15,055	15,353	15,760	16,118	16,396	16,591	16,541	16,587	16,506	16,568	16,612	16,452	16,488	16,774	17,573	18,342	19,278	20,005	0	0	0
Nontaxable interest on investments
2,844	2,701	2,602	2,586	2,620	2,648	2,674	2,701	2,734	2,764	2,788	2,804	2,824	2,836	2,831	2,753	2,535	2,208	1,833	1,528	1,349	1,256	1,208	1,181	1,159	1,170	1,210	1,262	1,325	1,385	1,442	1,485	1,561	1,662	1,812	1,959	0	0	0
Dividend income
660	722	881	1,090	1,259	1,315	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other interest income
2,102	2,187	1,947	1,571	1,300	1,141	307	494	630	763	790	741	612	479	1,282	1,017	780	624	482	389	373	357	288	236	203	164	235	252	252	251	229	219	203	194	153	141	0	0	0
Total interest income
166,722	168,518	167,419	163,456	158,108	151,377	145,964	142,117	138,968	136,104	133,340	131,224	130,059	129,626	127,333	117,795	108,677	99,144	91,452	90,813	89,440	88,385	87,479	86,953	87,150	88,183	89,347	90,092	90,408	90,947	91,879	93,629	96,477	98,372	101,169	103,109	0	0	0
Interest Expense
Interest on deposits
32,240	34,001	33,192	29,484	24,787	20,113	16,706	14,478	13,006	11,811	10,846	10,023	9,145	8,633	8,236	7,589	7,024	6,511	6,219	6,224	6,245	6,267	6,324	6,542	6,805	7,073	7,574	8,012	8,574	9,293	9,917	10,541	11,114	11,591	12,554	13,671	0	0	0
Interest on borrowings
3,485	3,621	4,017	5,237	6,650	7,456	7,382	7,026	6,204	5,585	5,198	4,694	4,531	4,506	4,511	4,199	3,733	3,457	3,385	3,384	3,382	3,329	3,285	3,204	3,126	3,137	3,551	4,121	4,763	5,363	5,793	6,721	7,775	8,948	10,272	11,117	0	0	0
Interest on subordinated debentures
3,436	3,266	3,232	3,257	3,285	3,415	3,411	3,411	3,411	3,408	3,411	3,410	3,408	3,415	3,387	3,168	2,950	2,724	2,532	2,532	2,532	2,532	2,532	2,531	2,536	2,532	2,536	2,533	2,529	2,546	2,535	2,533	2,557	2,614	2,695	2,765	0	0	0
Total interest expense
39,161	40,888	40,441	37,978	34,722	30,984	27,499	24,915	22,621	20,804	19,455	18,127	17,084	16,554	16,134	14,956	13,707	12,692	12,136	12,140	12,159	12,128	12,141	12,277	12,467	12,742	13,661	14,666	15,866	17,202	18,245	19,795	21,446	23,153	25,521	27,553	0	0	0
Net interest income
127,561	127,630	126,978	125,478	123,386	120,393	118,465	117,202	116,347	115,300	113,885	113,097	112,975	113,072	111,199	102,839	94,970	86,452	79,316	78,673	77,281	76,257	75,338	74,676	74,683	75,441	75,686	75,426	74,542	73,745	73,634	73,834	75,031	75,219	75,648	75,556	0	0	0
Provision for credit losses
3,892	2,861	2,654	2,278	2,088	847	1,078	1,541	1,959	3,035	3,052	3,514	4,965	5,258	5,960	4,960	2,362	1,936	1,524	1,784	2,173	2,220	1,669	1,795	1,847	2,028	3,142	3,345	3,485	3,816	4,172	4,486	4,621	4,735	4,562	5,330	0	0	0
Net interest income after provision for credit losses
123,669	124,769	124,324	123,200	121,298	119,546	117,387	115,661	114,388	112,265	110,833	109,583	108,010	107,814	105,239	97,879	92,608	84,516	77,792	76,889	75,108	74,037	73,669	72,881	72,836	73,413	72,544	72,081	71,057	69,929	69,462	69,348	70,410	70,484	71,086	70,226	0	0	0
Non-Interest Income
Service charges on deposit accounts
-	-	-	-	-	-	-	-	7,673	-	7,486	7,433	7,309	7,210	7,145	6,900	6,660	6,423	6,174	6,220	6,247	6,229	6,240	6,390	6,525	6,740	6,889	6,525	6,085	5,557	5,112	5,022	5,059	5,134	5,030	5,019	0	0	0
Mortgage banking income, net
10,119	7,837	6,818	5,908	5,775	5,914	6,555	6,873	7,201	7,363	6,903	7,234	7,003	6,258	5,977	3,960	2,600	2,031	1,060	725	449	282	352	390	904	1,406	1,363	1,278	826	588	705	1,065	985	729	660	375	0	0	0
Bank-owned life insurance
2,520	2,425	2,417	2,410	2,416	2,430	2,443	2,440	2,401	2,370	2,445	2,427	2,749	2,594	2,312	2,170	1,680	1,680	1,729	1,663	1,553	1,437	1,299	1,256	1,278	1,310	1,334	1,353	1,381	1,382	1,423	1,980	1,973	2,173	2,185	1,622	0	0	0
Brokerage and insurance commissions
2,697	2,625	2,607	2,597	2,550	2,615	2,496	2,481	2,344	2,147	2,106	2,100	2,069	2,074	1,906	1,723	1,708	1,699	1,750	1,780	1,737	1,766	1,900	1,813	1,763	1,697	1,557	1,563	1,564	1,491	1,422	1,369	1,344	1,363	1,469	1,514	0	0	0
Customer loan swap fees
755	1,166	1,320	1,499	1,394	956	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (loss) gain on sale of securities
-	-	0	0	-	-	0	0	-	-	0	0	-	-	0	0	-	-	0	0	-	451	451	1,098	813	785	2,224	1,764	2,515	2,498	2,938	2,928	2,230	2,076	9	0	0	0	-
Other service charges and fees
-	-	-	-	-	-	-	-	-	-	2,026	2,028	2,004	1,962	-443	-618	489	1,573	387	1,617	1,576	1,461	6,045	5,967	5,937	5,971	5,767	5,202	4,645	4,061	3,690	3,565	3,552	3,577	3,636	3,630	0	0	0
Other income
3,916	4,170	3,237	3,237	3,409	3,290	3,524	3,109	3,352	3,080	2,096	3,540	4,439	4,830	6,443	5,437	4,065	3,877	3,226	2,949	3,285	3,080	2,838	2,795	2,430	2,433	2,723	2,729	2,762	2,797	2,337	2,186	2,101	1,974	3,766	3,436	0	0	0
Total non-interest income before other-than-temporary impairment of securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0
Other-than-temporary impairment of securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0
Noninterest Income
44,127	42,113	39,644	39,297	38,761	38,176	38,537	38,444	38,831	38,599	38,910	39,612	40,276	39,621	37,934	33,494	29,252	27,482	25,240	24,633	24,832	24,370	26,796	27,317	27,184	27,835	26,579	25,142	24,520	23,412	23,122	23,911	23,163	23,053	22,750	21,348	0	0	0
Non-Interest Expense
Salaries and employee benefits
55,838	54,489	53,123	52,662	51,929	51,513	51,302	50,304	49,738	49,109	47,860	47,759	47,596	47,254	47,304	43,951	40,436	37,220	33,860	33,247	33,064	32,669	32,531	32,568	32,228	32,609	32,976	32,131	31,142	29,689	28,375	28,542	28,684	28,627	28,351	27,212	0	0	0
Furniture, equipment and data processing
10,991	10,881	10,760	10,627	10,453	10,359	10,400	10,254	10,155	9,894	9,604	9,524	9,455	9,557	9,684	9,040	8,561	8,057	7,610	7,609	7,450	7,316	7,084	7,048	7,236	7,051	6,633	6,096	5,460	5,079	4,904	4,922	4,796	4,773	4,668	4,635	0	0	0
Net occupancy costs
7,136	7,047	7,027	6,931	6,917	6,876	6,762	6,747	6,811	6,884	6,970	7,056	7,157	7,088	7,142	6,651	6,100	5,695	5,135	5,116	5,147	5,055	5,073	5,140	5,277	5,449	5,505	5,193	4,806	4,365	4,050	4,064	4,000	3,949	3,859	3,812	0	0	0
Debit card expense
3,724	3,613	3,507	3,380	3,273	3,180	3,060	2,889	2,825	2,755	2,511	2,518	2,524	2,584	2,538	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Consulting and professional fees
3,676	3,706	3,553	3,619	3,761	3,752	3,584	3,340	3,077	3,118	3,037	3,065	3,194	3,234	3,500	3,228	2,919	2,625	2,334	2,332	2,441	2,368	2,469	2,505	2,308	2,337	1,948	1,852	1,875	1,818	1,992	2,185	2,445	2,629	2,734	2,683	0	0	0
Amortization of Intangible Assets
694	700	710	715	720	725	936	1,227	1,518	1,809	1,893	1,895	1,899	1,903	1,871	1,684	1,495	1,306	1,149	1,148	1,148	1,148	1,197	1,199	1,199	1,200	1,088	943	801	657	577	577	577	577	577	577	0	0	0
Regulatory assessments
951	1,261	1,581	1,846	1,910	1,937	2,006	2,133	2,120	2,166	2,222	2,315	2,601	2,777	2,812	2,658	2,395	2,184	2,039	2,037	2,011	1,982	1,979	1,964	1,979	1,997	1,971	1,925	1,857	1,793	1,757	1,717	1,687	1,955	2,347	2,539	0	0	0
Other real estate owned and collection costs (recoveries), net
888	480	723	711	553	935	978	997	1,090	971	2,969	3,588	3,740	3,128	1,654	1,320	1,273	2,491	2,178	2,272	2,338	2,289	2,472	2,324	1,787	2,162	1,945	2,027	2,546	2,284	2,373	2,321	2,239	2,104	2,061	2,700	0	0	0
Merger and acquisition costs
-	-	-	-	-	-	-	-	-	-	-	-	-	866	9,652	10,373	10,324	10,415	1,629	863	735	0	95	142	213	374	675	0	0	-	0	-	0	-	-	-	-	-	-
Other expenses
13,178	13,121	13,085	12,996	12,908	12,668	12,436	12,232	12,052	11,804	12,165	11,790	11,339	11,505	10,315	9,829	9,776	9,210	7,880	8,089	8,014	7,845	9,402	9,432	9,951	10,374	9,807	9,528	9,610	8,992	9,189	9,224	8,417	8,597	8,728	8,715	0	0	0
Total non-interest expense
97,081	95,303	94,069	93,487	92,424	91,945	91,464	90,123	89,386	88,510	87,919	88,243	88,415	89,896	98,858	93,420	87,247	81,139	65,970	64,438	64,073	62,397	65,082	65,102	64,958	66,333	66,110	64,281	62,612	59,031	55,981	55,920	55,213	55,579	53,325	52,873	0	0	0
Income before income tax expense
70,715	71,579	69,899	69,010	67,635	65,777	64,460	63,982	63,833	62,354	61,824	60,952	59,871	57,539	44,315	37,953	34,613	30,859	37,062	37,084	35,867	36,010	35,383	35,096	35,062	34,915	33,013	32,942	32,965	34,310	36,603	37,339	38,360	37,958	40,511	38,701	0	0	0
Income Tax Expense
14,292	14,376	13,957	13,499	13,111	12,706	28,539	30,779	32,613	33,878	19,273	18,837	18,374	17,472	13,458	11,543	10,626	9,907	11,714	11,741	11,401	11,440	12,477	12,275	12,226	12,132	10,476	10,516	10,458	10,882	11,514	11,576	11,939	11,781	12,732	12,265	0	0	0
Net Income (Loss) Attributable to Parent
56,423	57,203	55,942	55,511	54,524	53,071	35,921	33,203	31,220	28,476	42,551	42,115	41,497	40,067	30,857	26,410	23,987	20,952	25,348	25,343	24,466	24,570	22,906	22,821	22,836	22,783	22,537	22,426	22,507	23,428	25,089	25,763	26,421	26,177	27,779	26,436	0	0	0
Earnings Per Share [Abstract]
Basic earnings per share
0.89	1.00	0.94	0.85	0.91	0.90	0.90	0.78	0.82	-0.20	0.72	0.66	0.65	0.71	0.70	0.62	0.56	-0.57	0.58	0.97	0.75	-0.29	0.87	0.85	0.76	0.58	0.83	0.83	0.74	0.54	0.82	0.84	0.86	0.76	0.90	0.92	0.83	0.97	0.73
Diluted earnings per share
0.89	0.99	0.94	0.85	0.91	0.89	0.90	0.78	0.82	-0.20	0.72	0.66	0.64	0.69	0.70	0.62	0.56	-0.55	0.57	0.96	0.75	-0.27	0.86	0.85	0.75	0.58	0.83	0.82	0.74	0.54	0.82	0.83	0.86	0.75	0.90	0.92	0.83	0.97	0.73
Weighted average number of common shares outstanding
15,103	15,178	15,339	15,519	15,592	15,589	15,580	15,572	15,541	15,521	15,515	15,512	15,488	15,457	15,425	15,415	15,389	22,068	11,179	7,446	7,431	22,324	7,421	7,430	7,528	7,628	7,643	7,637	7,627	7,620	7,619	7,675	7,672	7,672	7,677	7,677	7,659	7,657	7,656
Diluted weighted average number of common shares outstanding
15,147	15,236	15,381	15,559	15,634	15,633	15,638	15,629	15,603	15,609	15,589	15,586	15,568	15,558	15,507	15,491	15,459	22,161	11,215	7,467	7,453	22,381	7,439	7,450	7,551	7,651	7,666	7,652	7,643	7,631	7,639	7,687	7,686	7,676	7,683	7,687	7,672	7,663	7,664
Common Stock, Dividends, Per Share, Declared
0.33	0.33	0.30	0.30	0.30	0.30	0.30	0.30	0.25	0.25	0.23	0.23	0.23	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debit Card [Member]
Revenue
9,832	9,701	9,562	9,303	9,148	9,067	8,420	8,308	8,174	8,079	7,815	7,648	7,510	7,578	6,916	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deposit Account [Member]
Revenue
8,382	8,393	8,274	8,373	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fiduciary and Trust [Member]
Revenue
6,011	5,901	5,728	5,623	5,485	5,376	5,306	5,196	5,144	5,108	5,055	5,051	5,038	4,960	4,929	4,881	4,867	4,918	4,969	5,004	5,025	4,989	4,929	4,866	4,792	4,751	4,722	4,728	4,742	5,038	5,407	5,769	5,919	6,027	6,121	6,116	0	0	0