Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $28 | $32 | $33 | $34 | $36 |
| Gross Profit | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A |
| Net Income | $59 | $69 | $61 | $43 | $53 |
Over the five-year period, Camden National Corp’s revenue shows a modest upward trend, growing from approximately USD 27.74 million in 2020 to around USD 35.69 million in 2024 — an overall increase of about 29%. While this suggests steady market penetration or a stable client base, the absence of reported gross profit and operating income across all years raises questions about the underlying operational dynamics. It is possible that the company’s revenue model or accounting practices do not segregate these metrics in a traditional manner, which is not uncommon in financial institutions. Comparing net income to revenue, the company experienced an increase from USD 59.49 million in 2020 to a peak of USD 69.01 million in 2021; however, this upward trend was not sustained. Notably, net income declined significantly between 2022 and 2023—a drop of approximately 29% from USD 61.44 million to USD 43.38 million—before partially recovering to USD 53.00 million in 2024. Such volatility could reflect market conditions, regulatory impacts, or internal operational adjustments common in the banking industry. Given Camden National Corp’s consistent revenue growth despite the fluctuations in net income, the company appears to maintain a relatively stable financial base. However, the dramatic year-over-year swing in net income suggests potential challenges in managing costs or unforeseen market risks that could impact future profitability. Overall, while the revenue expansion indicates a sustainable market presence, the net income volatility warrants further investigation into cost management and operational efficiency to ensure long-term financial health.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.