trending Market Intelligence /marketintelligence/en/news-insights/trending/H3n7OKCgNW8bTuweAb40og2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

SBM buy dilutes Camden National TBV by 12%

Blog

Banking Essentials Newsletter, January edition - part 2

Banking Essentials Newsletter December Edition Part 2

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts


SBM buy dilutes Camden National TBV by 12%

Camden NationalCorp.'s acquisition of SBM Financial Inc. diluted its tangible book value by12%, instead of the originally projected 13.6%. However, the company nowexpects the 14% accretion to 2016 EPS to decrease to 11%, it disclosed at itsApril 26 shareholder meeting.

Maine-based Camden National the SBM in October 2015. The dealvalue had been estimated at $135 million. It eventually climbed to $137 million.