Camden National Corporation (CAC) financial statements (2022 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1517867103887963
Cash and cash equivalents1477767103887961
Short-term investments42    2
Total current assets:1517867103887963
Noncurrent Assets
Finance lease, right-of-use asset5 
Operating lease, right-of-use asset14 
Property, plant and equipment40424242434624
Long-term investments and receivables  933    
Long-term investments  933    
Intangible assets, net (including goodwill), including:98989910010110448
Goodwill95959595959645
Intangible assets, net (excluding goodwill)344579 
Other undisclosed intangible assets, net (including goodwill)      3
Deferred income tax assets12 
Total noncurrent assets:1681401,07514214415072
Other undisclosed assets4,5804,2113,1563,8213,6323,4802,655
TOTAL ASSETS:4,8994,4304,2974,0653,8643,7102,790
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt162532271245530453446
Total current liabilities:162532271245530453446
Noncurrent Liabilities
Other undisclosed liabilities4,2073,4243,5913,4172,9432,8942,099
Total liabilities:4,3693,9563,8623,6623,4733,3472,545
Stockholders' equity
Stockholders' equity attributable to parent529473436403392363245
Common stock13113915815715615342
Accumulated other comprehensive income (loss)21(6)(24)(20)(14)(12)(8)
Retained earnings378341302267249222212
Total stockholders' equity:529473436403392363245
TOTAL LIABILITIES AND EQUITY:4,8994,4304,2974,0653,8643,7102,790

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues13514416114713710189
Net investment income1351441301161098171
Financial services revenue3131282018
Cost of revenue(12)(3)(1)(3)(5)(2)(2)
Provision for loan, lease, and other losses(12)(3) 
Financial services costs(1)(3)(5)(2)(2)
Gross profit:12214116014413210087
Operating expenses(11)(11)(62)(60)(59)(56)(48)
Other operating income, net3423740
Noninterest income, other operating income3423743
Other expenses      (3)
Operating income:11413510087804739
Nonoperating income3222322
Investment income, nonoperating      0
Bank owned life insurance income3222321
Interest and debt expense(21)(41)(31)(21)(17)(13)(12)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(21)(25)(6)(6)(8)(6)7
Income from continuing operations before income taxes:74726662583136
Income tax expense(15)(14)(13)(34)(17)(10)(11)
Net income attributable to parent:59575328402125
Undistributed earnings (loss) allocated to participating securities, basic(0)(0)(0) 
Other undisclosed net loss available to common stockholders, basic   (0)(0)(0)(0)
Net income available to common stockholders, diluted:59575328402124

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:59575328402125
Other comprehensive income (loss)2718(4)(3)(2)(4)4
Comprehensive income, net of tax, attributable to parent:86754926381728

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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