CATC - Earnings announcements

Strategic Repositioning Strengthens Market Position as Greater Boston's Leading Community Bank Eastern Bankshares, Inc. ("Eastern" or the "Company") (NASDAQ Global Select Market: EBC), the stock holding company for Eastern Bank, announced that its wholly owned subsidiary Eastern Insurance Group, LLC ("Eastern Insurance") today entered into a definitive agreement to sell its insurance operations to Arthur J. Gallagher & Co. (NYSE:AJG) ("Gallagher") for approximately $510 million ("the insurance transaction"). Also today, Eastern and Cambridge Bancorp (NASDAQ:CATC) ("Cambridge"), the parent company of Cambridge Trust Company, announced they have entered into a definitive merger agreement pu

CAMBRIDGE, Mass., July 18, 2023 /PRNewswire/ -- Cambridge Bancorp (NASDAQ:CATC) (the "Company"), the parent company of Cambridge Trust Company (the "Bank"), today announced unaudited net income of $7.1 million for the three months ended June 30, 2023, a decrease of $5.3 million, or 42.7%, as compared to net income of $12.4 million for the three months ended March 31, 2023. Diluted earnings per share were $0.91 for the three months ended June 30, 2023, representing a decrease of $0.67, or 42.4%, as compared to diluted earnings per share of $1.58 for the three months ended March 31, 2023.

CAMBRIDGE, Mass., July 6, 2023 /PRNewswire/ -- Cambridge Bancorp (NASDAQ:CATC), expects to report results for the second quarter of 2023 prior to the market open on Tuesday, July 18, 2023. The Company will hold a conference call and webcast to discuss results on Tuesday, July 18, 2023, at 11:00 am EST. We encourage participants to pre-register for the conference call using the following link:https://dpregister.com/sreg/10178703/f95c2786ad Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operato

CAMBRIDGE, Mass., April 25, 2023 /PRNewswire/ -- Cambridge Bancorp (NASDAQ:CATC) (the "Company"), the parent company of Cambridge Trust Company (the "Bank"), today announced unaudited net income of $12.4 million for the quarter ended March 31, 2023, an increase of $1.1 million, or 9.7%, as compared to net income of $11.3 million for the quarter ended December 31, 2022. Diluted earnings per share were $1.58 for the quarter ended March 31, 2023, representing an increase of $0.14, or 9.7%, as compared to diluted earnings per share of $1.44 for the quarter ended December 31, 2022.

CAMBRIDGE, Mass., April 10, 2023 /PRNewswire/ -- Cambridge Bancorp (NASDAQ:CATC), expects to report results for the first quarter of 2023 prior to the market open on Tuesday, April 25, 2023. The Company will hold a conference call and webcast to discuss results on Tuesday, April 25, 2023, at 11:00 am EST. We encourage participants to pre-register for the conference call using the following link: https://dpregister.com/sreg/10175579/f5e1013342 Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live ope

CAMBRIDGE, Mass., Jan. 24, 2023 /PRNewswire/ -- Cambridge Bancorp (NASDAQ:CATC) (the "Company"), the parent company of Cambridge Trust Company (the "Bank"), today announced unaudited net income of $52.9 million for the year ended December 31, 2022, a decrease of $1.1 million, or 2.1%, as compared to net income of $54.0 million for the year ended December 31, 2021. Diluted earnings per share were $7.30 for the year ended December 31, 2022, representing a decrease of $0.39, or 5.1%, as compared to diluted earnings per share of $7.69 for the year ended December 31, 2021. The resu

CAMBRIDGE, Mass., Jan. 9, 2023 /PRNewswire/ -- Cambridge Bancorp (NASDAQ:CATC), expects to report results for the fourth quarter of 2022 prior to the market open on Tuesday, January 24, 2023. The Company will hold a conference call and webcast to discuss results on Tuesday, January 24, 2023, at 11:00 am EST. We encourage participants to pre-register for the conference call using the following link:https://dpregister.com/sreg/10173206/f51351a4b2 Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live o

CAMBRIDGE, Mass., Oct. 18, 2022 /PRNewswire/ -- Cambridge Bancorp (NASDAQ:CATC) (the "Company"), the parent company of Cambridge Trust Company (the "Bank"), today announced unaudited net income of $14.6 million for the quarter ended September 30, 2022. Net income for the third quarter represented an increase of $1.0 million, or 7.0%, as compared to net income of $13.7 million for the quarter ended June 30, 2022. Diluted earnings per share were $2.07 for the quarter ended September 30, 2022, representing a 6.7% increase as compared to diluted earnings per share of $1.94 for the quarter ended June 30, 2022.

CAMBRIDGE, Mass., Oct. 5, 2022 /PRNewswire/ -- Cambridge Bancorp (NASDAQ:CATC), expects to report results for the third quarter of 2022 prior to the market open on Tuesday, October 18, 2022. The Company will hold a conference call and webcast to discuss results on Tuesday, October 18, 2022, at 11:00 am EST. We encourage participants to pre-register for the conference call using the following link:https://dpregister.com/sreg/10170236/f4009533f0 Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live op

CAMBRIDGE, Mass., July 19, 2022 /PRNewswire/ -- Cambridge Bancorp (NASDAQ:CATC) (the "Company"), the parent company of Cambridge Trust Company (the "Bank"), today announced unaudited net income of $13.7 million for the quarter ended June 30, 2022. Net income for the second quarter represented an increase of $342,000, or 2.6%, as compared to net income of $13.3 million for the quarter ended March 31, 2022. Diluted earnings per share were $1.94 for the quarter ended June 30, 2022, representing a 2.6% increase as compared to diluted earnings per share of $1.89 for the quarter ended March 31, 2022.

CAMBRIDGE, Mass., July 7, 2022 /PRNewswire/ -- Cambridge Bancorp (NASDAQ:CATC), expects to report results for the second quarter of 2022 prior to the market open on Tuesday, July 19, 2022. The Company will hold a conference call and webcast to discuss results on Tuesday, July 19, 2022, at 11:00 am EST. We encourage participants to pre-register for the conference call using the following link:https://dpregister.com/sreg/10166882/f2af0c6052 Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operato

Cambridge Bancorp to expand in attractive markets CAMBRIDGE, Mass. and NORTH ANDOVER, Mass., May 23, 2022 /PRNewswire/ -- Cambridge Bancorp (NASDAQ:CATC) (the "Company" or "Cambridge"), the holding company for Cambridge Trust Company ("Cambridge Trust"), and North Andover Massachusetts-based Northmark Bank ("Northmark") are pleased to jointly announce that Cambridge, Cambridge Trust and Northmark have entered into a definitive agreement pursuant to which Northmark will merge with and into Cambridge Trust in an all-stock transaction. Under the terms of the agreement, each share of Northmark common stock will be exchanged for 0.9950 shares of Cambridge common stock. Based upon Cambridge's clos

CAMBRIDGE, Mass., April 20, 2022 /PRNewswire/ -- Cambridge Bancorp (NASDAQ:CATC) (the "Company"), the parent company of Cambridge Trust Company (the "Bank"), today announced unaudited net income of $13.3 million for the quarter ended March 31, 2022. Net income for the first quarter was relatively unchanged as compared to net income of $13.3 million for the quarter ended December 31, 2021. Diluted earnings per share were $1.89 for the quarter ended March 31, 2022, representing a 0.5% increase as compared to diluted earnings per share of $1.88 for the quarter ended December 31, 2021.

 , April 7, 2022 /PRNewswire/ -- Cambridge Bancorp. (NASDAQ:CATC), expects to report results for the first quarter of 2022 prior to the market open on Wednesday, April 20, 2022. The Company will hold a conference call and webcast to discuss results on Wednesday, April 20, 2022, at 11:00 am EST. We encourage participants to pre-register for the conference call using the following link:https://dpregister.com/sreg/10163886/f179f311fe Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Parti

CAMBRIDGE, Mass., Jan. 25, 2022 /PRNewswire/ -- Cambridge Bancorp (NASDAQ:CATC) (the "Company"), the parent company of Cambridge Trust Company (the "Bank"), today announced unaudited net income of $54.0 million  for the year ended December 31, 2021, an increase of $22.1 million, or 69.0%, as compared to net income of $32.0 million for the year ended December 31, 2020. Diluted earnings per share were $7.69 for the year ended December 31, 2021, representing a 52.9% increase as compared to diluted earnings per share of $5.03 for the year ended December 31, 2020.  The results for

CAMBRIDGE, Mass., Jan. 10, 2022 /PRNewswire/ -- Cambridge Bancorp. (NASDAQ:CATC), expects to report results for the fourth quarter and full year of 2021 prior to the market open on Tuesday, January 25, 2022. The Company will hold a conference call and webcast to discuss results on Tuesday, January 25, 2022, at 11:00 am EST. We encourage participants to pre-register for the conference call using the following link: https://dpregister.com/sreg/10161776/ef779b0eb0 Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and

CAMBRIDGE, Mass., Oct. 19, 2021 /PRNewswire/ -- Cambridge Bancorp (NASDAQ:CATC) (the "Company"), the parent company of Cambridge Trust Company (the "Bank"), today announced unaudited net income of $13.3 million for the quarter ended September 30, 2021, a decrease of $625,000, or 4.5%, as compared to net income of $13.9 million for the quarter ended June 30, 2021. Diluted earnings per share were $1.89 for the quarter ended September 30, 2021, representing a 4.5% decrease as compared to diluted earnings per share of $1.98 for the quarter ended June 30, 2021, primarily as result of non-operating expenses and lower loan fair value accretion between the periods.  

CAMBRIDGE, Mass., July 20, 2021 /PRNewswire/ -- Cambridge Bancorp (NASDAQ:CATC) (the "Company"), the parent company of Cambridge Trust Company (the "Bank"), today announced unaudited net income of $13,944,000 for the quarter ended June 30, 2021, an increase of $445,000, or 3.3%, as compared to net income of $13,499,000 for the quarter ended March 31, 2021. Diluted earnings per share were $1.98 for the quarter ended June 30, 2021, representing a 3.1% increase over diluted earnings per share of $1.92 for the quarter ended March 31, 2021. For the six months ended June 30, 2021,