Camden National Corporation (CAC) financial statements (2023 and earlier)

Company profile

Business Address TWO ELM ST
CAMDEN, ME 04843
State of Incorp. ME
Fiscal Year End December 31
SIC 6021 - National Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments22615178671038879
Cash and cash equivalents22114777671038879
Short-term investments442    
Total current assets:22615178671038879
Noncurrent Assets
Finance lease, right-of-use asset55 
Operating lease, right-of-use asset1314 
Property, plant and equipment38404242424346
Long-term investments and receivables   933   
Long-term investments   933   
Intangible assets, net (including goodwill)97989899100101104
Goodwill95959595959596
Intangible assets, net (excluding goodwill)2344579
Deferred income tax assets1912 
Total noncurrent assets:1711681401,075142144150
Other undisclosed assets5,1034,5804,2113,1563,8213,6323,480
TOTAL ASSETS:5,5004,8994,4304,2974,0653,8643,710
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt212162532271245530453
Total current liabilities:212162532271245530453
Noncurrent Liabilities
Other undisclosed liabilities4,7474,2073,4243,5913,4172,9432,894
Total liabilities:4,9594,3693,9563,8623,6623,4733,347
Stockholders' equity
Stockholders' equity attributable to parent541529473436403392363
Common stock123131139158157156153
Accumulated other comprehensive income (loss)(6)21(6)(24)(20)(14)(12)
Retained earnings424378341302267249222
Total stockholders' equity:541529473436403392363
TOTAL LIABILITIES AND EQUITY:5,5004,8994,4304,2974,0653,8643,710

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues126135144161147137101
Net investment income12613514413011610981
Financial services revenue31312820
Cost of revenue (12)(3)(1)(3)(5)(2)
Provision for loan, lease, and other losses (12)(3) 
Financial services costs(1)(3)(5)(2)
Gross profit:126122141160144132100
Operating expenses(11)(11)(11)(62)(60)(59)(56)
Other operating income, net
(Noninterest Income, Other Operating Income)
4342374
Operating income:118114135100878047
Nonoperating income
(Bank Owned Life Insurance Income)
2322232
Interest and debt expense(11)(21)(41)(31)(21)(17)(13)
Other undisclosed loss from continuing operations before equity method investments, income taxes (21)(25)(6)(6)(8)(6)
Income from continuing operations before equity method investments, income taxes:109747266625831
Other undisclosed loss from continuing operations before income taxes(23)      
Income from continuing operations before income taxes:87747266625831
Income tax expense(18)(15)(14)(13)(34)(17)(10)
Net income attributable to parent:69595753284021
Undistributed earnings (loss) allocated to participating securities, basic(0)(0)(0)(0) 
Other undisclosed net loss available to common stockholders, basic    (0)(0)(0)
Net income available to common stockholders, diluted:69595753284021

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:69595753284021
Other comprehensive income (loss)(27)2718(4)(3)(2)(4)
Comprehensive income, net of tax, attributable to parent:42867549263817

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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