Camden National Corp., $3.9 billion bank holding company, reported net income for the fourth quarter of 2016 of $10.9 million and diluted earnings per share of $0.70 per share, which was consistent with the previous quarter's performance.

For the year ended Dec. 31, the company reported net income of $40.1 million and diluted EPS of $2.57, representing a 91 percent increase in net income and a 49 percent increase in diluted EPS over last year. The company's return on average assets and return on average equity for the year ended Dec. 31 was 1.04 percent and 10.47 percent, respectively.

The company reported adjusted net income for the fourth quarter of 2016 of $10.9 million and adjusted diluted EPS of $0.70 per share, representing increases over the same period last year of 42 percent and 35 percent, respectively. For the year ended Dec. 31, the company reported adjusted net income of $40.6 million and adjusted diluted EPS of $2.61, representing increases over last year of 44 percent and 12 percent, respectively.

For further information, contact Michael R. Archer, senior vice president, corporate controller, at 800-860-8821 or marcher@camdennational.com.