8-K
CAMDEN NATIONAL CORP (CAC)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (date of earliest event reported): August 2, 2022
Camden National Corporation
(Exact name of registrant as specified in its charter)
| Maine | 01-28190 | 01-0413282 | |
|---|---|---|---|
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | |
| Two Elm Street | Camden | Maine | 04843 |
| (Address of principal executive offices) | (Zip Code) |
Registrant's telephone number, including area code: (207) 236-8821
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging Growth Company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| Common Stock, without par value | CAC | The NASDAQ Stock Market LLC |
| Item 7.01 | Regulation FD Disclosure. | |
| --- | --- |
Camden National Corporation (the "Company") prepared an investor presentation with information about the Company for an investor meeting to be held on August 2, 2022. The investor presentation is attached as Exhibit 99.1. The investor presentation is being furnished pursuant to Item 7.01, and the information contained therein shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liabilities under that Section. Furthermore, the information contained in Exhibit 99.1 shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act of 1933.
| Item 9.01 | Financial Statements and Exhibits. |
|---|
(d) The following exhibits are filed with this Report:
| Exhibit No. | Description |
|---|---|
| 99.1 | Electronic investor presentation slides. |
| 101 | Cover Page Interactive Data - the cover page XBRL tags are embedded within the Inline XBRL document. |
| 104 | Cover Page Interactive Data File - Included in Exhibit 101. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: August 2, 2022
| CAMDEN NATIONAL CORPORATION<br>(Registrant) | |
|---|---|
| By: | /s/ MICHAEL R. ARCHER |
| Michael R. Archer<br>Chief Financial Officer and Principal Financial & Accounting Officer |
ex99
• • • • • • • • • o o o o
• • • • • • • • • • • • •
Acquisitions: 2008 Union Bankshares 2012 Bank of America (14 branches) 2015 The Bank of Maine as of 12/31/21 3 Year 5 Year 10 Year Total Return 47.7% 25.2% 195.8% TBV/Sh CAGR 11.7% 10.0% 7.2% EPS CAGR 10.7% 12.3% 8.8% Total Assets CAGR 8.6% 7.3% 9.1%
• • • • •
• • • • • •
• • • • • •
• • • • • • •
• • • • • • • • •
• • • 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 7.00% 8.00% 9.00% 10. 0% 0 500 1000 15000 2000 25000 3000
• • • • • • • • • •
• • • • •
• • • • • • •
• • • • • • • • • • • • •
15 Year Stock price appreciation of 92.23% Average dividend yield of 3.01%
TBV Per Share(a) Dividends as a % of Net Income • • • •
Top 15 Lenders Origination Units Rank % of Total Bangor Savings Bank 2,392 1 10.9% Camden National Bank 1,516 2 6.9% Quicken Loans 1,271 3 5.8% Kennebec Savings Bank 897 4 4.1% First, N.A. 850 5 3.9% USA - various agencies 770 6 3.5% United Wholesale Mortgage 735 7 3.3% Key Bank 698 8 3.2% Machias Savings Bank 684 9 3.1% Norway Savings Bank 530 10 2.4% TD Bank, N.A. 530 10 2.4% Gorham Savings Bank 412 12 1.9% Atlantic Regional Federal Credit Union 376 13 1.7% Androscoggin Savings Bank 342 14 1.6% Sanford Inst. for Savings 323 15 1.5% All Other Lenders 9,693 - 44.0% Total 22,019 100.0% Six Months Ended June 30, 2022