Camden National posted Q2 net income of $23 million, rising 5% from Q1; diluted EPS climbed 5% to $1.35.
Revenue increased 5% from Q1 on a 2 basis-point net interest margin lift to 3.26% and 21% growth in non-interest income.
Loans grew 1% during the quarter; the committed loan pipeline jumped 45% to $185.7 million.
Asset quality stayed solid, with past-due loans at 0.15% and non-performing loans at 0.24% of total loans.
Simon Griffiths cited continued investment in talent and deeper customer relationships, pointing to 3% annualized loan growth and strong revenue momentum.
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