CAC - Camden National GAAP EPS of $1.05 misses by $0.01 revenue of $46.76M misses by $1.91M

• Camden National press release ( NASDAQ: CAC ): Q4 GAAP EPS of $1.05 misses by $0.01 .
• Revenue of $46.76M (-4.4% Y/Y) misses by $1.91M .
• Net income increased by $1.1 million, or 8%, over the third quarter of 2022, while earnings before income taxes, provision and SBA PPP (non-GAAP) decreased $861,000, or 4%, compared to the third quarter of 2022.
• Loans grew $149.7 million, or 4%, during the fourth quarter of 2022, resulting in loan growth of 17% for the year ended 2022.
• Deposits grew $258.3 million, or 6%, during the fourth quarter of 2022, and core deposits grew $146.0 million, or 3%, over this period. For the year ended 2022, deposits grew 5% and core deposits grew 6%.
• Repurchased 225,245 shares of the Company's common stock at a weighted-average price of $45.46 per share during the year ended 2022.

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