Camden National (Camden National) Total Assets

: $5,714.5 Mil (As of Dec. 2023)

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Camden National's Total Assets for the quarter that ended in Dec. 2023 was $5,714.5 Mil.

During the past 12 months, Camden National's average Total Assets Growth Rate was 2.30% per year. During the past 3 years, the average Total Assets Growth Rate was 11.30% per year. During the past 5 years, the average Total Assets Growth Rate was 9.50% per year. During the past 10 years, the average Total Assets Growth Rate was 9.70% per year.

During the past 13 years, Camden National's highest 3-Year average Total Assets Growth Rate was 22.60%. The lowest was -10.10%. And the median was 9.40%.

Total Assets is connected with ROA %. Camden National's annualized ROA % for the quarter that ended in Dec. 2023 was 0.59%. Total Assets is also linked to Revenue through Asset Turnover. Camden National's Asset Turnover for the quarter that ended in Dec. 2023 was 0.01.

Camden National Total Assets Historical Data

The historical data trend for Camden National's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Camden National Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

4,429.52

4,898.75

5,500.36

5,671.85

5,714.51

Camden National Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets																5,671.85	5,716.61	5,743.93	5,779.68	5,714.51

Camden National Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Camden National's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	495.064	+	5219.442
	=	5,714.5

Camden National's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	495.064	+	5219.442
	=	5,714.5

Camden National (NAS:CAC) Total Assets Explanation

Total Assets is connected with ROA %.

Camden National's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	33.92	/	( (5779.675	+	5714.506)	/ 2 )
	=	33.92	/	5747.0905
	=	0.59 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Camden National's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	37.35	/	( (5779.675	+	5714.506)	/ 2 )
=	37.35	/	5747.0905
=	0.01

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Camden National Total Assets Related Terms

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Camden National (Camden National) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Camden National Corp (NAS:CAC) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

3LR:Germany

Address

2 Elm Street, Camden, ME, USA, 04843

Website

https://www.camdennational.com

Camden National Corporation is a banking solutions provider in the United States. Its core business is providing commercial banking products to individuals and corporates. Its consumer and commercial banking services entail services such as loans and deposits, savings and online banking, treasury management solutions and non-profit products to consumer, institutional, municipal, non-profit and commercial customers. The company also offers investment management and fiduciary services. In addition, it offers various other services which include lending to dentists, optometrists and veterinarians across the United States.

Executives

David Ackley	officer: EVP	2 ELM STREET, P.O. BOX 310, CAMDEN ME 04843
David C Flanagan	director	2 ELM STREET, PO BOX 310, CAMDEN ME 04843
Robert D Merrill	director	2 ELM STREET, P.O. BOX 310, CAMDEN ME 04843
Rebecca Hatfield	director	2 ELM STREET, P.O. BOX 310, CAMDEN ME 04843
Renee Smyth	officer: EVP	2 ELM STREET, PO BOX 310, CAMDEN ME 04843
Carl John Soderberg	director	2 ELM STREET, POB 310, CAMDEN ME 04843
Craig N Denekas	director	2 ELM STREET, P.O. BOX 310, CAMDEN ME 04843
Marie J Mccarthy	director	2 ELM STREET, P.O. BOX 310, CAMDEN ME 04843
Lawrence J Sterrs	director	2 ELM ST, POB 310, CAMDEN ME 04843
Gregory A Dufour	director, officer: CEO
Michael R Archer	officer: EVP	2 ELM STREET, P.O. BOX 310, CAMDEN ME 04843
Patricia A Rose	officer: EVP	2 ELM STREET, P.O. BOX 310, CAMDEN ME 04843
Ryan A Smith	officer: EVP	2 ELM STREET, P.O. BOX 310, CAMDEN ME 04843
Heather D Robinson	officer: EVP	2 ELM STREET, P.O. BOX 310, CAMDEN ME 04843
S. Catherine Longley	director	2 ELM STREET, CAMDEN ME 04843