Camden National Corporation (NASDAQ:CAC) Q1 2023 Earnings Call Transcript

Matthew Breese: Okay. And then on the opposite side, capital management, I was hoping you could discuss if the loan growth isn’t there and cash flow securities are paying down borrowings. Is there any appetite for buybacks, if so, maybe discuss that?

Mike Archer: Yes. On the buyback front, right now, we will look at it as any opportunity with it, looking at the stock price, it’s definitely at a, call it, a tempting price, but we want to measure it into overall capital planning that we see.

Matthew Breese: Okay. That’s all I had. I will leave it there. Thank you.

Greg Dufour: Thank you.

Operator: Thank you. As we have no further questions, this concludes our question-and-answer session. I would like to turn the conference back over to Greg Dufour for any closing remarks.

Greg Dufour: Great. Thank you, and thank Steve, Damon and Matt for questions and all the participants here. As I close, I do want to thank you all for your interest in Camden National, but also to recognize the employees at Camden National that are really doing some stellar work here across the board. As we talk about our priorities, deposits and margin and asset quality is truly all hands on deck on that. And I am really proud of the team and what they are doing. So with that, thank you very much and have a great day.

Operator: The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.