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Cambridge Bancorp  (CATC)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial


 

Cambridge Bancorp

CATC's Financial Statements and Analysis



Cambridge Bancorp reported in the third quarter of 2023 net earnings per share of $0.83 a decrease by -59.9 % year on year from $2.07 and decline of -8.79 % from $0.91 earned in II. Quarter (Jun 30 2023).


third quarter of 2023
Earnings Per Share Revenues
$ 0.83 $  39 Mill
$-1.24     -59.9 % $-7M     -15.42 %



Cambridge Bancorp's Revenue fell by -15.42 % in third quarter of 2023 (Sep 30 2023) year on year, to $39 million and declined by -1.79 % sequentially.


Cambridge Bancorp is

More on CATC's Income Statement



Cambridge Bancorp's net income of $6.544 million in the third quarter of 2023 decreased by -55.23 % from net earnings of $14.616 million achieved in III. Quarter a year ago.

Sequentially net earnings fell by -8.03 % from net income of $7.115 million realized in previous quarter.

More on CATC's Growth

Cambridge Bancorp Inventories
In Sep 30 2023 company's net cash and cash equivalents decreased by $-8 million, capital expenditures grew by -0.817-59.12%, to $0 millions compare to same quarter a year ago

More on CATC's Cash flow Statement


Cambridge Bancorp payed out dividend of $2.69 per share in last 52 weeks representing 56.39 % of net earning per share in trailing twelve-month period.

During the same period Cambridge Bancorp earned $ 6.74 cash per share, on a free-cash flow basis 141.38 % of net earning per share.

Book value fell by -0.28 % sequentially to $66.90 per share.
Tangible Book value fell to $ 57.83 per share from $ 57.98.

Company issued 0.01 million shares or 0.10 % in Sep 30 2023.
Interest Coverage Ratio was 1.65.

More on CATC's Dividends

 Market Capitalization (Millions) 505
 Shares Outstanding (Millions) 8
 Total Debt (Millions $) -
 Revenue (TTM) (Millions $) 171
 Net Income (TTM) (Millions $) 37
 Cash Flow (TTM) (Millions $) -6
 Capital Exp. (TTM) (Millions $) -2
 Dividend TTM ($) 2.69 $
 Dividend Yield TTM (%) 4.17 %
 Employees (TTM) $ -




Cambridge Bancorp payed out dividend of $2.69 per share in the last 52 weeks representing 56.39 % of net earning per share in trailing twelve-month period.

During the same period Cambridge Bancorp had $ 6.74 cash flow per share, on a free-cash flow basis 141.38 % of net earning per share.

Book value fell by -0.28 % sequentially to $66.90 per share.
Tangible Book value fell to $ 57.83 per share from $ 57.98.

Company issued 0.01 million shares or 0.10 % in Sep 30 2023.
Interest Coverage Ratio was 1.65.

More on CATC's Balance Sheets

 Market Capitalization (Millions) 505
 Shares Outstanding (Millions) 8
 Total Debt (Millions $) -
 Revenue (TTM) (Millions $) 171
 Net Income (TTM) (Millions $) 37
 Cash Flow (TTM) (Millions $) -6
 Capital Exp. (TTM) (Millions $) -2
 Dividend TTM ($) 2.69 $
 Dividend Yield TTM (%) 4.17 %
 Employees (TTM) $ -
   


  News about Cambridge Bancorp Earnings

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 rat...

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

Cambridge Bancorp Reports Sof...

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 ...


Date modified: 2023-11-03T16:35:58+00:00





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