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Camden National (CAC) Q1 2026 earnings results (first quarter 2026)

10-Q filed May 7, 2026

Camden National (CAC) reported revenue of $64.3M for the first quarter 2026 (Q1 2026), +7% from a year earlier and -5% from the quarter before. Operating margin was 43.6%, net earnings $21.9M (34.0% of revenue).

Revenue$64.3M
Year over year+7%
Quarter over quarter-5%
Operating margin43.6%
Net earnings$21.9M

Camden National, Q1 2026: revenue $64.3M (+7% year over year), operating margin 43.6%, net earnings $21.9M, operating cash flow $20.0M. The chart follows the revenue to costs, profit and cash.

Q1 2026AmountQ/QY/Y
Revenue$64.3M-5%+7%
Operating profit$28.1M-0.5%+355%
Net earnings$21.9M-3%+199%
Operating cash flow$20.0M-4%19×
Free cash flow$18.2M-4%—

What changed

Revenue was $64.3M in Q1 2026, up 7% year over year and down 5% from the previous quarter.

Operating profit was $28.1M, a 43.6% margin (up 33.4 points year over year). Of the extra revenue versus Q1 2025, 511% reached operating profit, above the 10% margin then. Total costs fell 33% while revenue rose 7%. Net earnings were $21.9M, up 199% year over year. The effective tax rate was 22.1%.

Operating cash flow was $20.0M (up 1835% year over year), 91% of net earnings. Non-cash charges added back $730K of share-based compensation. Working capital and other items used $2.6M. Capital expenditures of $1.8M left free cash flow of $18.2M.

Questions

What was Camden National's revenue in the first quarter 2026?

Camden National (CAC) reported revenue of $64.3M for the first quarter 2026 (Q1 2026), +7% from a year earlier and -5% from the quarter before.

Was Camden National profitable in the first quarter 2026?

Operating profit was $28.1M (43.6% of revenue) and net earnings $21.9M.

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Source: Camden National 10-Q on SEC EDGAR.