Camden National Corp. reported net income for the third quarter of 2016 of $10.9 million and diluted earnings per share of $0.70 per share, representing an increase over the second quarter of 2016 of 13 percent. For the third quarter of 2016, the company's return on average assets was 1.11 percent, return on average tangible equity was 15.61 percent, and efficiency ratio was 56.29 percent.

"We had another strong quarter leading to year-to-date net income of $29.2 million and driving year-to-date diluted EPS growth of 10 percent over the same period last year," said Gregory A. Dufour, chief executive officer and president of Camden National. "Our strong performance reflects the growth from our acquisition of SBM Financial Inc. in October 2015 and within our traditional markets, as well as our continued focus on operating efficiencies."

For the nine months ended Sept. 30, the company's return on average assets was 1.02 percent, return on average tangible equity was 14.59 percent, and efficiency ratio was 57.92 percent.