Camden National Corporation (NASDAQ: CAC) saw its stock plummet 5.10% in Tuesday's trading session following the release of its second-quarter 2025 earnings report. The bank's results fell short of analyst expectations, despite showing year-over-year growth.

According to the earnings report, Camden National posted adjusted earnings per share (EPS) of $0.89 for the quarter, significantly missing the analyst consensus estimate of $1.11 by 19.82%. This represents a 9.88% increase from the same period last year when the company reported EPS of $0.81. The company's quarterly sales came in at $62.276 million, slightly beating the analyst estimate of $61.244 million by 1.69% and showing a substantial 45.41% increase from the $42.829 million reported in the same quarter of the previous year.

While Camden National's net income rose 92% quarter-over-quarter to $14.1 million, with diluted EPS increasing 93% to $0.83, the market's reaction suggests investors were expecting stronger results. The company attributed its Q2 performance to cost synergies and revenue growth following the Northway Financial acquisition. Despite the earnings miss, Camden National expects net interest margin expansion and earnings growth in the second half of 2025, along with improved operating expenses due to cost savings. The current average analyst rating on the shares is "hold," with Wall Street's median 12-month price target for Camden National Corp at $48.00, approximately 13.6% above its last closing price before the earnings release.