EarningsQ2 2026 Earnings Report
DE:3LR Q2 2026 EPS Results
Actual EPS€1.21
Consensus EPS€1.15
Beat/MissBeat by +€0.06
One Year Ago EPS€0.80
DE:3LR Q2 2026 Revenue Results
Actual Revenue€83.63M
Expected Revenue€59.45M
Beat/MissBeat by +€24.18M
YoY Revenue Growth+1.34%
Earnings Announcement Details
QuarterQ2 2026
Date07/28/2026
TimeBefore Open
Conference CallTuesday, July 28, 2026
DE:3LR Upcoming Earnings
Camden National's next earnings date is estimated for October 27, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:3LR Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized multiple record and improving performance metrics (record net income and EPS, fee income up 21% QoQ, loan pipeline +45% QoQ, HELOC +23% YoY, strong credit metrics and capital accretion). Management acknowledged rising operating expenses, some mark/BOLI income volatility, a moderate increase in provisions, and plans for measured loan growth and selective M&A. Overall the positives — including revenue growth, profitability, balance sheet strength, and tangible book value expansion — materially outweigh the manageable challenges.Company Guidance
Record Quarterly Net Income and EPS
Reported record net income of $23.0 million and record diluted EPS of $1.35 for Q2 2026, both up 5% versus Q1 2026; first six months net income totaled $44.9 million and diluted EPS $2.64.
Top-Line and Fee Income Momentum
Total revenue rose 5% linked quarter; noninterest income was $14.5 million, up $2.5 million or 21% QoQ, with broad-based strength across wealth, debit, mortgage banking and other fees.
Loan Growth and Strong Pipeline
Loans increased 1% in the quarter (≈3% annualized) led by home equity and commercial loans; HELOC balances were up 23% YoY; committed loan pipeline grew 45% QoQ to $185.7 million.
Improving Net Interest Margin
Net interest margin increased 2 basis points QoQ to 3.26%; core NIM (ex-fair value accretion) rose 5 basis points to 2.97% (top of prior guidance); management expects ~5–10 bps further expansion in Q3.
Profitability and Efficiency Metrics
Return on average assets was 1.33%, return on average tangible equity 18.47%, and non-GAAP efficiency ratio 53.2%; pre-tax, pre-provision net revenue grew 5% during the quarter.
Balance Sheet Strength and Capital Returns
Total assets of $7.0 billion and deposits of $5.6 billion (loan-to-deposit ratio 90%); tangible book value per share rose 3% in Q2 to $31.64 and management reported a 7% increase since year-end; returned 41% of first-half net income to shareholders via dividends and buybacks and repurchased 85,100 shares YTD at a $46.55 weighted average price.
Credit Quality Remains Strong
Nonperforming loans were 24 bps of total loans, past-due loans 15 bps, net charge-offs annualized 4 bps; allowance for credit losses was 0.91% of loans with ACL coverage of 3.8x NPLs; provision expense increased modestly to $710,000 reflecting loan growth.
Wealth and Advisory Growth
Assets under administration across wealth and brokerage totaled $2.0 billion, up 13% year-over-year, supporting fee diversification and advisory expansion.
Operational and Digital Improvements
AI-enabled transformation and digital enhancements are in production; average HELOC funding time improved to 14 days, supporting HELOC growth and banker productivity.
DE:3LR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed