Camden National Corp 8-K, filed Feb 3, 2021
Camden National Corp (CAC)
8-K
2021-02-03
For: 2021-02-03
View Original
Added on
April 04, 2026
About this 8-K
Camden National Corp filed this 8-K on February 3, 2021.
Items reported
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
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): February 3, 2021
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | |||||||||
(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:
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 | ||||||
| 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 February 3, 2021. 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 | ||||
| 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: February 3, 2021
| CAMDEN NATIONAL CORPORATION (Registrant) | ||||||||
| By: | /s/ GREGORY A. WHITE | |||||||
| Gregory A. White Chief Financial Officer and Principal Financial & Accounting Officer | ||||||||
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Focused: • Gaining market share • Adherence to strategic plan • Opportunistically reviewing complementary acquisitions • Solid core funding and sticky deposit base Culture: • Experienced leadership team • Strong community spirit • Recognized by Greenwich Associates as a customer experience leader in both Retail and Small Business Banking Consistent Performance: • Profitability achieved through organic growth • Improved productivity • Disciplined expense structure • Diversified revenue stream Credit Quality: • Strong credit culture and history • Disciplined structure and process • Low charge-offs
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Fee income is 27% of total revenue (net interest income plus fee income)
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• • • • TBV Per Share(a) Dividends as a % of Net Income
• Stock price appreciation of 54.32% • Average dividend yield of 2.90%
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Top 15 Lenders Origination Units Rank % of Total Bangor Savings Bank 6,484 1 11.0% Quicken Loans 3,793 2 6.4% Camden National Bank 3,426 3 5.8% Residential Mortgage Services Inc. 3,317 4 5.6% United Wholesale Mortgage 2,045 5 3.5% Key Bank 1,903 6 3.2% Kennebec Savings Bank 1,898 7 3.2% First, N.A. 1,807 8 3.1% Machias Savings Bank 1,595 9 2.7% CUSO Mortgage Corp. 1,513 10 2.6% TD Bank, N.A. 1,169 11 2.0% Norway Savings Bank 1,062 12 1.8% Androscoggin Savings Bank 980 13 1.7% Mortgage Network 892 14 1.5% Bath Savings Institution 857 15 1.5% All Other Lenders 26,325 - 44.6% Total 59,066 100.0% Twelve Months Ended December 31, 2020