Camden National Corporation

Good day and welcome to Camden National Corporation's second quarter 2026 earnings conference call. My name is Marina Toft and I will be your operator for today's call. All participants will be in a listen only mode during today's presentation. Following the presentation, we will conduct a question and answer session. If you would like to ask a question, please press star one to raise your hand. To withdraw your question, press star one again. I will now turn the call over to Renée Smith, Executive Vice President, Chief Experience and Marketing Officer.

Welcome to Camden National Corporation's second quarter 2026 earnings conference call. With me today are Simon Griffiths, our President and Chief Executive Officer, and Mike Archer, our Executive Vice President and Chief Financial Officer. Before we begin, please note that today's remarks include forward-looking statements and actual results could differ materially from what we discuss on the call. You can find cautionary language about these statements in our second quarter 2026 earnings release issued this morning and in our other SEC filings. All of these materials and public filings are available on our investor relations website at camdennational.bank. Camden National Corporation trades on NASDAQ under the symbol CAC. We'll also refer to non-GAAP financial measures during the call. These measures provide additional insight into our performance in reconciliations to GAAP are included in today's earnings release. With that, I'll turn it over the call to Simon.

Good afternoon, everyone, and thank you, Renée. Earlier this morning, we reported record quarterly net income of 23 million and record diluted earnings per share of 135 for the second quarter. Both net income and diluted EPS increased 5% from the first quarter, underscoring the earnings power we are building across the franchise. Our performance was broad-based. We delivered loan growth expanded our committed loan pipeline, improved net interest margin, and generated strong fee income growth. Through the first six months of the year, we produced record net income of 44.9 million and diluted EPS of 264, reflecting focused execution across our core businesses. These results demonstrate that our strategy is working. We are growing the franchise with purpose and investing in capabilities that strengthen our competitive position and improve how we serve our customers and communities. Our performance is also reflected in national recognition and customer trust. So far this year, Camden National Bank was named to Time Magazine's list of America's Best Companies and recognized by Forbes as one of America's best banks. These achievements reflect our financial discipline, customer focus, continued momentum and long-term stability. We entered the second half of the year with a resilient balance sheet. Total assets were $7 billion at quarter end, credit quality metrics remained strong, capital levels remained well above regulatory requirements, and tangible book value per share grew 7% since year end. On the lending side, loans increased 1% during the quarter or 3% on an annualized basis. led by growth in home equity and commercial loans. HELOC balances increased 23% year over year supported by added depth among our HELOC lenders as well as by significant technology and process improvements which have reduced average funding time to 14 days. Forward-looking indicators are also encouraging. Our committed loan pipeline increased 45% from the prior quarter to 185.7 million, reflecting healthy customer demand, stronger banker productivity, and the benefit of recent additions to our commercial banking team. Since year end, we have added four experienced commercial bankers to our team, and we remain optimistic that we'll be able to continue to selectively add proven talent. We remain encouraged by the pipeline while expecting Q3 loan growth to remain measured. We recently announced the appointment of Kate Brunell as Chief Credit Officer. Kate joins Camden National's leadership team with more than two decades of banking experience, including senior credit leadership roles at TD Bank. Ryan Smith, with 14 years at Camden National and prior experience serving as both Chief Credit Officer and Director of Commercial Banking, will return to leading commercial banking. and Barbara Ratz will lead and expand our treasury management and government banking services, drawing on significant experience in corporate treasury. That added capacity is helping strengthen relationships with small and mid-market businesses and expand our role as a primary banking partner for lending and treasury management solutions. On deposits, we continue to optimize our funding mix by reducing broker deposits and Certificate of Deposits while maintaining stable core customer deposits. Total deposits were 5.6 billion at quarter end and our loan to deposit ratio was 90%. Our focus remains on durable relationship deposits supported by service, convenience and thoughtful pricing rather than rate driven volume. We are expanding financial advisory services to support customers through more stages of their financial lives and Diversify Revenue. Assets under administration across our wealth and brokerage businesses total $2.6 billion at quarter end, up 13% from the prior year, reinforcing the opportunity to broaden advisory relationships and build a more balanced earnings profile over time. Our AI-enabled transformation is gaining momentum with multiple use cases now in production, and digital enhancements tied to measurable business outcomes. These tools are helping us build a more efficient, responsive organization. From our recently refreshed website to new digital products, we are making banking easier for customers while creating more capacity for higher value interactions. In short, we are executing well and making measurable progress across the company. Our teams are focused on sustaining high quality growth and creating long-term value for our shareholders, customers, employees and communities. With that strategic overview, I'll turn it over to Mike to walk through the financial results in more detail.