Camden National Corporation has reported its financial results for the second quarter of 2025, with net income reaching $14.1 million. This represents a 92% increase compared to the first quarter of 2025. The company also reported diluted earnings per share of $0.83, marking a 93% rise from the prior quarter. Net interest income for the quarter was $49.2 million, a rise of $351,000 or 1% from the first quarter. This increase was driven by the expansion of net interest margin, which improved by 2 basis points to 3.06%. Non-interest expenses decreased by $6.9 million, or 15%, compared to the previous quarter, primarily due to a reduction in merger and acquisition costs associated with the Northway acquisition and realized expense synergies. The company highlighted the strategic value of the Northway Financial acquisition, noting the achievement of cost synergies and solid revenue growth. Camden National anticipates continued improvement in run-rate operating expenses in the second half of 2025 as cost savings are fully realized.
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