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Cambridge Bancorp - CATC STOCK NEWS

Welcome to our dedicated news page for Cambridge Bancorp (Ticker: CATC), a resource for investors and traders seeking the latest updates and insights on Cambridge Bancorp.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Cambridge Bancorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Cambridge Bancorp's position in the market.

Rhea-AI Summary
Cambridge Bancorp announced unaudited net income of $6.9 million for the first quarter of 2024, a decrease of 14.3% compared to the previous quarter. Diluted earnings per share also decreased by 14.7%. The Company is in the process of merging with Eastern Bankshares, Inc., with each share of Cambridge Bancorp being exchanged for 4.956 shares of Eastern common stock. Financial performance ratios showed a Return on Average Assets of 0.51% and an Operating ROA of 0.60%. Wealth Management Assets Under Management and Administration increased by $533.4 million, and asset quality ratios remained stable. Total assets and loans decreased slightly, while noninterest income and expenses increased. The Board declared a quarterly cash dividend of $0.67 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.51%
Tags
dividends earnings
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Rhea-AI Summary
Cambridge Bancorp (CATC) to announce first quarter 2024 results on April 23, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.8%
Tags
-
Rhea-AI Summary
Cambridge Bancorp (NASDAQ: CATC) reported unaudited net income of $34.1 million for 2023, a 35.5% decrease from 2022. Diluted earnings per share were $4.34, a 40.5% decrease compared to the previous year. Operating net income was $40.2 million, a 29.0% decrease. For Q4 2023, net income was $8.0 million, a 22.8% increase from Q3 2023. The company is planning a merger with Eastern Bankshares, Inc., subject to regulatory approval and shareholder consent.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.69%
Tags
dividends
Rhea-AI Summary
Cambridge Bancorp (CATC) to Report Q4 2023 Results on January 30, 2024
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.37%
Tags
-
Rhea-AI Summary
Cambridge Bancorp announces unaudited net income of $6.5 million for Q3 2023, a decrease of 8.0% compared to Q2 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.66%
Tags
dividends earnings
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Rhea-AI Summary
Cambridge Bancorp to report Q3 2023 results on October 17, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.77%
Tags
Rhea-AI Summary
Cambridge Bancorp and Eastern Bankshares announce merger agreement valued at $528 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
26.57%
Tags
-
Rhea-AI Summary
Eastern Bankshares announces strategic repositioning through merger and sale of insurance operations
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.25%
Tags
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.67%
Tags
conferences
Rhea-AI Summary
Lightwave Logic appoints Laila Partridge to its Board of Directors, bringing over 30 years of executive experience in technology and finance. Partridge's expertise in innovative technologies and business models will help drive the company's growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.45%
Tags
management
Cambridge Bancorp

Nasdaq:CATC

CATC Rankings

CATC Stock Data

483.11M
7.45M
4.66%
58.47%
1.41%
Commercial Banking
Finance and Insurance
Link
US
Cambridge

About CATC

cambridge bancorp and its subsidiary, cambridge trust company, are based in cambridge, massachusetts, in the heart of harvard square. cambridge trust company is a 125-year-old massachusetts chartered commercial bank with $1.6 billion in total assets and 12 massachusetts branch offices in cambridge, boston, belmont, concord, lexington, lincoln, and weston, as well as an innovation banking group office located in the cambridge innovation center. cambridge trust company is one of new england’s leaders in wealth management with $2.3 billion in client assets under management. the wealth management group maintains offices in boston, massachusetts, and concord, manchester, and portsmouth, new hampshire. member fdic. equal housing lender securities and other investment products are: not fdic insured • may lose value • not bank guaranteed • not a deposit • not insured by any government agency © 2015 cambridge trust company. all rights reserved.