Cambridge Bancorp

Cambridge Bancorp is a holding company, which engages in the provision of private banking services. It focuses on the wealth management, commercial banking, residential lending, and personal banking services. The company was founded in 1983 and is headquartered in Cambridge, MA.

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Cambridge Bancorp reports solid 2022 performance amidst market challenges

Cambridge Bancorp's 2022 performance showcased growth and quality, with a strategic merger enhancing market presence. While facing challenges like market volatility and economic uncertainties, the company is poised to navigate through conservative strategies and maintain financial strength.

Cambridge Bancorp reports stable Q1 performance amidst deposit challenges

Cambridge Bancorp navigated challenges in deposit stability and loan activity slowdown in Q1 2023. Despite these challenges, the company's capital and liquidity remained strong. The completion of the Northmark Bank systems conversion presented growth opportunities for the company.

Cambridge Bancorp faces interest rate challenges but eyes growth opportunities

Cambridge Bancorp navigated challenges in the macro environment, focusing on deposit growth and maintaining credit discipline. While facing headwinds from interest rate uncertainty, the company remains optimistic about future opportunities and is strategically expanding its team to drive growth.

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Cambridge Bancorp is a holding company, which engages in the provision of private banking services. It offers wealth management, commercial, personal banking, and loan services. The company was founded in 1983 and is headquartered in Cambridge, MA.

BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. (“Eastern”) (NASDAQ Global Select Market: EBC), the stock holding company for Eastern Bank, today announced the closing of its merger with Cambridge Bancorp (NASDAQ: CATC) (“Cambridge”), the parent company of Cambridge Trust Company (the “Merger”). The all-stock transaction was originally announced on September 19, 2023. “We are excited to have successfully completed Eastern's merger with Cambridge Trust and in doing so, to strategically solidif.

Eastern Bankshares, Inc. Announces Successful Merger With Cambridge Bancorp, And Names David Rosato New Chief Financial Officer

BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. (“Eastern”) (NASDAQ Global Select Market: EBC), the stock holding company for Eastern Bank, announced today the appointment of four members of Cambridge Bancorp's (NASDAQ: CATC) (“Cambridge”) Board of Directors to the Eastern and Eastern Bank Boards of Directors (together, the “Eastern Boards of Directors" or the “Eastern Boards”) effective upon the closing of the companies' pending Merger (the “Merger”). As previously announced on September 19,.

Eastern Bankshares, Inc. Announces Newly Appointed Members To Its Board of Directors

BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. (“Eastern”) (NASDAQ Global Select Market: EBC), the stock holding company for Eastern Bank, and Cambridge Bancorp (NASDAQ: CATC) (“Cambridge”), the parent company of Cambridge Trust Company, today jointly announced they have received all necessary regulatory approvals to complete their proposed merger (the “Merger”), which was previously announced on September 19, 2023. The Merger is expected to close on or about July 12, 2024. “We are thrilled.

Eastern Bankshares, Inc. And Cambridge Bancorp Announce Regulatory Approvals Received To Merge

Cambridge (CATC) came out with quarterly earnings of $1.02 per share, missing the Zacks Consensus Estimate of $1.05 per share. This compares to earnings of $1.62 per share a year ago.

Cambridge (CATC) Q1 Earnings and Revenues Lag Estimates

CAMBRIDGE, Mass. , April 23, 2024 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC) (the "Company"), the parent company of Cambridge Trust Company, today announced unaudited net income of $6.9 million for the three months ended March 31, 2024, a decrease of $1.1 million, or 14.3%, as compared to $8.0 million for the three months ended December 31, 2023.

Cambridge Bancorp Announces First Quarter 2024 Results and Declares Quarterly Dividend

CAMBRIDGE, Mass. , April 8, 2024 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC), expects to report results for the first quarter of 2024 prior to the market open on Tuesday, April 23, 2024.

Cambridge Bancorp Sets First Quarter 2024 Earnings Release Date

Although the revenue and EPS for Cambridge (CATC) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Cambridge (CATC) Reports Q4 Earnings: What Key Metrics Have to Say

Cambridge (CATC) came out with quarterly earnings of $1.11 per share, beating the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $1.92 per share a year ago.

Cambridge (CATC) Beats Q4 Earnings and Revenue Estimates

CAMBRIDGE, Mass. , Jan. 30, 2024 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC) (the "Company"), the parent company of Cambridge Trust Company, today announced unaudited net income of $34.1 million for the year ended December 31, 2023, a decrease of $18.8 million, or 35.5%, as compared to net income of $52.9 million for the year ended December 31, 2022.

Cambridge Bancorp Announces Results for 2023 and Declares Quarterly Dividend

NEW ORLEANS , Jan. 22, 2024 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq.

CAMBRIDGE BANCORP INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Cambridge Bancorp - CATC

CAMBRIDGE, Mass. , Jan. 8, 2024 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC), expects to report results for the fourth quarter of 2023 prior to the market open on Tuesday, January 30, 2024.

Cambridge Bancorp Sets Fourth Quarter 2023 Earnings Release Date

Cambridge Bancorp is 37% below its all-time high and has a dividend yield above the industry median. The bank's loan portfolio, particularly fixed-rate mortgages, has been negatively impacted by high interest rates and low demand. The securities portfolio has also suffered from investments made before the rate hike, resulting in unrealized losses and a reduction in equity.

Cambridge Bancorp: Probably Not The Right Time To Invest In It

The headline numbers for Cambridge (CATC) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Cambridge (CATC) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Cambridge (CATC) came out with quarterly earnings of $1.15 per share, beating the Zacks Consensus Estimate of $1.06 per share. This compares to earnings of $2.09 per share a year ago.

Cambridge (CATC) Beats Q3 Earnings and Revenue Estimates

CAMBRIDGE, Mass. , Oct. 17, 2023 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC) (the "Company"), the parent company of Cambridge Trust Company (the "Bank"), today announced unaudited net income of $6.5 million for the three months ended September 30, 2023, a decrease of $571,000, or 8.0%, as compared to net income of $7.1 million for the three months ended June 30, 2023.

Cambridge Bancorp Announces Third Quarter 2023 Results and Declares Dividend

CAMBRIDGE, Mass. , Oct. 10, 2023 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC), expects to report results for the third quarter of 2023 prior to the market open on Tuesday, October 17, 2023.

Cambridge Bancorp Sets Third Quarter 2023 Earnings Release Date

Eastern Bankshares, Inc.

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Cambridge Bancorp (NasdaqCM: CATC) to Eastern Bankshares, Inc. (NasdaqGS: EBC). Under the terms of the proposed transaction, shareholders of Cambridge will receive 4.956 shares of Eastern for each share of Cambridge that they own. KSF is seeking to determine whether this consideration and the process that led.

CAMBRIDGE BANCORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Cambridge Bancorp - CATC

Cambridge Bancorp is merging with Eastern Bank in an all-stock transaction valued at $528 million -- a roughly 24% premium to Cambridge's 30-day volume-weighted average price. The deal still requires regulatory approval and the approval of both companies' shareholders, but is expected to close in early 2024.

Why Cambridge Bancorp Stock Soared 24% This Week

Eastern Bankshares (EBC) signs an agreement to merge with Cambridge Bancorp (CATC). The total deal value is $528 million.

Eastern Bankshares (EBC), Cambridge (CATC) Sign Merger Deal

Cambridge (CATC) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Cambridge (CATC) Soars 26.6%: Is Further Upside Left in the Stock?

PFSweb

NEW YORK , Sept. 20, 2023 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: PFSweb , Inc. (NASDAQ: PFSW)'s  sale to GXO Logistics, Inc. for $7.50 per share in cash.

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates PFSW, CATC

MILWAUKEE , Sept. 20, 2023 /PRNewswire/ -- Ademi LLP is investigating Cambridge (NASDAQ: CATC) for possible breaches of fiduciary duty and other violations of law in its transaction with Eastern.

Shareholder Alert: Ademi LLP investigates whether Cambridge Bancorp has obtained a Fair Price in its transaction with Eastern Bankshares, Inc.

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Cambridge Bancorp (NASDAQ: CATC) to Eastern Bankshares, Inc. for 4.956 shares of Eastern common stock for each share of Cambridge common stock is fair to Cambridge shareholders. Halper Sadeh encourages Cambridge shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@ha.

CATC STOCK ALERT: Halper Sadeh LLC Is Investigating Whether the Sale of Cambridge Bancorp Is Fair to Shareholders

CAMBRIDGE, Mass. , Sept. 19, 2023 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC) ("Cambridge"), the parent company of Cambridge Trust Company ("Cambridge Trust"), and Eastern Bankshares, Inc. ("Eastern") (NASDAQ Global Select Market: EBC), the stock holding company for Eastern Bank, announced they have entered into a definitive merger agreement pursuant to which Cambridge will merge with and into Eastern in an all-stock transaction valued at approximately $528 million ("the merger").

Cambridge Bancorp Enters Into Definitive Agreement to Merge with Eastern Bankshares, Inc.

CAMBRIDGE, Mass. , July 27, 2023 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC) (the "Company"), the parent company of Cambridge Trust Company (the "Bank"), today announced that Chief Executive Officer Denis Sheahan will attend the Keefe, Bruyette & Woods 2023 Community Bank Investor Conference on August 8, 2023.

News for Cambridge Bancorp Stock (CATC)