Camden National Management
Management criteria checks 2/4
Camden National's CEO is Simon Griffiths, appointed in Jan 2024, has a tenure of less than a year. total yearly compensation is $1.50M, comprised of 4.2% salary and 95.8% bonuses, including company stock and options. directly owns 0.12% of the company’s shares, worth $767.36K. The average tenure of the management team and the board of directors is 1.4 years and 7.3 years respectively.
Key information
Simon Griffiths
Chief executive officer
US$1.5m
Total compensation
| CEO salary percentage | 4.2% |
| CEO tenure | less than a year |
| CEO ownership | 0.1% |
| Management average tenure | 1.4yrs |
| Board average tenure | 7.3yrs |
Recent management updates
Recent updates
Camden National (NASDAQ:CAC) Has Affirmed Its Dividend Of $0.42
Dec 22
Camden National Corporation Beat Analyst Estimates: See What The Consensus Is Forecasting For Next Year
Nov 01Camden National (NASDAQ:CAC) Will Pay A Dividend Of $0.42
Sep 30Camden National (NASDAQ:CAC) Is Due To Pay A Dividend Of $0.42
Jul 12Camden National's (NASDAQ:CAC) Dividend Will Be $0.42
Apr 03Camden National (NASDAQ:CAC) Is Due To Pay A Dividend Of $0.42
Jan 05Camden National (NASDAQ:CAC) Is Paying Out A Larger Dividend Than Last Year
Apr 01Camden National (NASDAQ:CAC) Is Increasing Its Dividend To $0.42
Jan 07Camden National declares $0.40 dividend
Sep 27Camden National GAAP EPS of $1.02 misses by $0.05, revenue of $47.68M beats by $1.24M
Jul 26Camden National: Well Run, Balanced Bank
Feb 10Camden National's (NASDAQ:CAC) Upcoming Dividend Will Be Larger Than Last Year's
Jan 08Camden National (NASDAQ:CAC) Has Announced That It Will Be Increasing Its Dividend To US$0.40
Dec 25I Ran A Stock Scan For Earnings Growth And Camden National (NASDAQ:CAC) Passed With Ease
Sep 28Camden National EPS beats by $0.30, beats on revenue
Apr 27We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Camden National Corporation's (NASDAQ:CAC) CEO For Now
Apr 21Trade Alert: The President Of Camden National Corporation (NASDAQ:CAC), Gregory Dufour, Has Just Spent US$75k Buying 2.1% More Shares
Mar 16CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$47m |
| Jun 30 2024 | n/a | n/a | US$44m |
| Mar 31 2024 | n/a | n/a | US$44m |
| Dec 31 2023 | US$1m | US$63k | US$43m |
Compensation vs Market: Simon's total compensation ($USD1.50M) is below average for companies of similar size in the US market ($USD3.24M).
Compensation vs Earnings: Insufficient data to compare Simon's compensation with company performance.
CEO
Simon Griffiths (51 yo)
less than a year
Tenure
US$1,497,100
Compensation
Mr. Simon R. Griffiths serves as CEO, President & Director at Camden National Bank and Camden National Corporation since January 01, 2024. He was Executive Vice President and Chief Operating Officer of Cam...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | less than a year | US$1.50m | 0.12% $ 767.4k | |
| Executive VP & CFO | 2.9yrs | US$539.92k | 0.099% $ 622.8k | |
| Executive VP of Technology & Support Services and CTO | 4.8yrs | US$599.81k | 0.12% $ 721.1k | |
| Executive Vice President of Retail & Mortgage Banking | 7.3yrs | US$582.81k | 0.17% $ 1.0m | |
| Secretary & Independent Director | no data | US$86.51k | 0.089% $ 557.1k | |
| Executive VP and Chief Experience & Marketing Officer | 7.6yrs | no data | 0.17% $ 1.1m | |
| Executive VP & Chief Human Resources Officer | less than a year | no data | 0.014% $ 90.7k | |
| Executive VP & Chief Credit Officer | no data | US$594.88k | 0.42% $ 2.6m | |
| Senior Vice President of Employee Relations and Engagement Manager | no data | no data | no data | |
| Chief Credit Officer & Executive VP | less than a year | no data | 0.14% $ 853.2k | |
| Executive VP & Chief Risk Officer | 1.4yrs | no data | 0.061% $ 380.6k | |
| Executive Vice President of Commercial Banking | less than a year | no data | 0.036% $ 228.3k |
1.4yrs
Average Tenure
53yo
Average Age
Experienced Management: CAC's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | less than a year | US$1.50m | 0.12% $ 767.4k | |
| Secretary & Independent Director | 7.9yrs | US$86.51k | 0.089% $ 557.1k | |
| Independent Director | 6.7yrs | US$105.07k | 0.066% $ 411.9k | |
| Independent Director | 16.8yrs | US$89.83k | 0.062% $ 390.7k | |
| Independent Director | 10.7yrs | US$91.08k | 0.080% $ 501.7k | |
| Independent Director | 2yrs | US$75.67k | 0.069% $ 434.8k | |
| Independent Chairman of the Board | 9.9yrs | US$170.90k | 0.088% $ 550.3k | |
| Independent Director | 9.2yrs | US$96.73k | 0.64% $ 4.0m | |
| Independent Director | 6.4yrs | US$93.86k | 0.086% $ 541.2k | |
| Independent Director | 2yrs | US$74.28k | 0.034% $ 212.9k |
7.3yrs
Average Tenure
60yo
Average Age
Experienced Board: CAC's board of directors are considered experienced (7.3 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/24 05:52 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Camden National Corporation is covered by 8 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jacob Civiello | Janney Montgomery Scott LLC |
| Damon DelMonte | Keefe, Bruyette, & Woods |
| Matthew Breese | Piper Sandler Companies |