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Cambridge Bancorp  (CATC)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 
Price: $62.9900 $-1.46 -2.265%
Day's High: $64.84 Week Perf: -2.75 %
Day's Low: $ 62.99 30 Day Perf: -7.9 %
Volume (M): 19 52 Wk High: $ 73.68
Volume (M$): $ 1,184 52 Wk Avg: $60.01
Open: $64.46 52 Wk Low: $44.62



 Market Capitalization (Millions $) 495
 Shares Outstanding (Millions) 8
 Employees -
 Revenues (TTM) (Millions $) 171
 Net Income (TTM) (Millions $) 37
 Cash Flow (TTM) (Millions $) -6
 Capital Exp. (TTM) (Millions $) 2

Cambridge Bancorp
Cambridge Bancorp is a public financial services company headquartered in Cambridge, Massachusetts. The company operates as the holding company for its subsidiary, Cambridge Trust Company, which provides a range of financial services to individuals, families, businesses, and non-profit organizations in Massachusetts and New Hampshire.

Cambridge Bancorp was founded in 1890 as a mutual savings bank, and it converted to a publicly traded company in 1983. Today, the bank operates through a network of 15 full-service banking offices, with 11 located in Greater Boston and 4 in New Hampshire.

The bank offers a range of deposit products, including checking, savings, money market, and time deposit accounts. It also provides lending products, such as residential and commercial mortgages, home equity lines of credit, commercial loans, and consumer loans. In addition, the bank offers wealth management services, such as investment management, trust and estate planning, and financial planning.

For businesses, Cambridge Bancorp provides treasury management services, merchant services, and employee benefit services. The bank also serves the nonprofit sector, offering deposit accounts, lending, and investment management services to charities, foundations, and other nonprofit organizations.

Cambridge Bancorp prides itself on its commitment to social responsibility and community involvement. The bank supports local organizations through a variety of charitable contributions and volunteer efforts. In addition, Cambridge Bancorp is a member of the Global Alliance for Banking on Values, a network of financial institutions that prioritizes social, environmental, and economic sustainability.

As of 2021, Cambridge Bancorp had total assets of $4.4 billion and employed over 350 staff members. The bank has consistently received high customer satisfaction ratings, and it has been recognized as a top-performing bank by various industry organizations.


   Company Address: 1336 Massachusetts Avenue Cambridge 2138 MA
   Company Phone Number: 876-5500   Stock Exchange / Ticker: NASDAQ CATC
   


   

Stock Performances by Major Competitors

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Cambridge Bancorp

Cambridge Bancorp's EPS Plummets amidst Weak Sales in Recent Fiscal Period, but Envisions Bright Prospects Ahead

Despite a recent decline in performance, Cambridge Bancorp is poised for a bullish future. In the fiscal span ending September 30, 2023, the company reported a decrease in net profit per share of -59.9% and a decline in revenue of -15.416% year on year. These numbers may seem concerning at first glance, but it's important to analyze the larger context.
Comparing Cambridge Bancorp to the rest of the Regional Banks sector, it becomes clear that the decline in top-line is an anomaly. While Cambridge Bancorp experienced a revenue decrease, the sector as a whole actually saw an improvement during the same period. This suggests that the challenges faced by Cambridge Bancorp might be specific to the company rather than indicative of broader industry trends.

Cambridge Bancorp

Cambridge Bancorp Faces Q2 Slump: EPS Plummets Amid a Sector-Wide Revenue Boost

Cambridge Bancorp Reports Soft Quarter in Q2 2023 Financial Report
Cambridge Bancorp, a regional bank, recently released its financial report for the second quarter of 2023. The report showed a significant decline in both top and bottom-line figures. Earnings per share (EPS) plummeted by 53.09%, while revenue dropped by 12.398% year on year. This decline is concerning for investors and stakeholders of the company.
In comparison to the previous fiscal period ending June 30, 2022, revenue fell from $45.33 million to $39.71 million, and EPS went down from $1.94 to $0.91. These declines indicate a struggling financial performance for Cambridge Bancorp during this period.

Cambridge Bancorp

Cambridge Bancorp Reports a Frightening -16.4% Drop in EPS during Fiscal Q1 2023

Cambridge Bancorp, a financial institution headquartered in Massachusetts, recently announced its financial results for the first quarter of the fiscal year ending on March 31, 2023. The company reported a revenue improvement of 2.906% from the previous year; however, it could not prevent a significant income contraction of -16.4% during the same period. In comparison with the previous quarter, income improved by 9.13%, while revenue decreased by -5.005%. The earnings per share (EPS) for the period were $1.58, while revenue was reported to be at $44.90 million.
Despite the revenue improvement, Cambridge Bancorp's net income in the first quarter of 2023 fell by -6.76% compared to the corresponding period in the previous year, reaching $12.416 million. By focusing on improving sales, the company eased its net margin to 27.65% in the first quarter of 2023. This resulted in the operating earnings falling by -6.67%, reaching $16.575 million. Additionally, the operating margin contracted by 3.79 percentage points to 36.91%, from 40.7% in the corresponding period of the previous year.






 

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