Camden National: Q3 Earnings Snapshot

CAMDEN, Maine (AP) — CAMDEN, Maine (AP) — Camden National Corp. (CAC) on Tuesday reported third-quarter net income of $22.8 million.

The Camden, Maine-based bank said it had earnings of $1.34 per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.32 per share.

The bank posted revenue of $93.8 million in the period. Its revenue net of interest expense was $68.7 million, which also beat Street forecasts. Three analysts surveyed by Zacks expected $67.9 million.

Camden National shares have increased 35% since the beginning of the year. The stock has climbed 55% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CAC at https://www.zacks.com/ap/CAC