Dollar Amounts
USD (Millions)
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Assets | $4,899 | $5,500 | $5,672 | $5,715 | $5,805 |
| Liabilities | $4,369 | $4,959 | $5,221 | $5,219 | $5,274 |
| Equity | $529 | $541 | $451 | $495 | $531 |
Balance sheet data in USD (millions)
Doing some research...
Edwyn
Over the past five years, Camden National Corp has shown a consistent growth trend in its financial position. Total assets have been steadily increasing, starting at $4.9 billion in 2020 and reaching $5.8 billion in 2024. This indicates the company's ability to expand its operations and invest in new opportunities. Total liabilities have also increased over the period, reflecting the additional financing required to support the company's growth. Despite this, stockholders' equity has generally kept pace with the rise in assets, demonstrating a healthy balance between debt and equity financing. Noteworthy fluctuations include the decrease in equity in 2022, which may have been influenced by specific business decisions or external factors. However, the subsequent rebound in equity in 2023 and 2024 suggests that the company successfully managed any challenges it faced. Overall, Camden National Corp's financial position appears strong and aligned with industry norms, indicating a sound foundation for future growth and profitability.
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.