Camden National Corporation Reports Fourth Quarter and Year End 2008 Results.

Business Wire › January 27, 2009

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Camden National Corporation Reports Fourth Quarter and Year End 2008 Results.

CAMDEN, Maine -- Gregory A. Dufour, president and chief executive officer of Camden National Corporation (NASDAQ: CAC; the "Company"), reported net earnings of $10.1 million, or $1.32 per diluted share, for the fourth quarter of 2008, and $15.3 million, or $2.00 per diluted share for the year ended December 31, 2008. The results compare to $5.6 million, or $0.85 earnings per diluted share, and $20.3 million, or $3.09 earnings per diluted share, for the fourth quarter of 2007 and year ended December 31, 2007, respectively. The 2008 results were impacted by investment securities losses and higher loan loss p...

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