CAMDEN, Maine (AP) — CAMDEN, Maine (AP) — Camden National Corp. (CAC) on Tuesday reported first-quarter earnings of $13.3 million.
The Camden, Maine-based bank said it had earnings of 91 cents per share. Earnings, adjusted for non-recurring gains, were 86 cents per share.
The bank posted revenue of $70.5 million in the period. Its revenue net of interest expense was $41.6 million, which did not meet Street forecasts.
Camden National shares have dropped 20% since the beginning of the year. The stock has decreased slightly more than 5% in the last 12 months.
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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
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