Camden National presents strategy to accelerate growth in investor presentation
CAC•Camden National expects fourth-quarter 2026 core net interest margin to remain flat from the third quarter. The bank reported 9% year-over-year growth in deposits excluding brokered deposits, an 86% loan-to-deposit ratio and a 12.53% common equity Tier 1 capital ratio at September 30, 2026.
1. Margins and deposits
Camden National expects fourth-quarter 2026 core net interest margin to remain flat versus the third quarter. Third-quarter net interest margin rose 25 basis points year over year, while core margin increased 28 basis points. Deposits excluding brokered deposits grew 9% year over year, and the loan-to-deposit ratio fell to 86% from 93%.
2. Capital and efficiency
The bank said it achieved cost synergies from the Northway acquisition and targets an efficiency ratio in the mid-50s. Its common equity Tier 1 capital ratio reached 12.53% at September 30, 2026, up 136 basis points year over year.
