Cambridge Bancorp Third Quarter 2020 Earnings Release Date

Rhea-AI Summary

Cambridge Bancorp (CATC) announced it will report its third quarter 2020 earnings results before the market opens on October 20, 2020. As of June 30, 2020, the company managed approximately $4.0 billion in assets and $3.7 billion in client assets under management, demonstrating its position as a leader in private banking and wealth management in New England. The bank operates 22 locations in Massachusetts and New Hampshire, highlighting its regional presence.

Positive

• Managed approximately $4.0 billion in assets as of June 30, 2020.
• Approximately $3.7 billion in client assets under management.

Negative

• None.

News Market Reaction – CATC

+2.22%

+2.22% News Effect

On the day this news was published, CATC gained 2.22%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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CAMBRIDGE, Mass., Oct. 9, 2020 /PRNewswire/ -- Cambridge Bancorp. (NASDAQ: CATC), announces that it expects to report third quarter 2020 earnings results prior to the market open on Tuesday, October 20, 2020.

About Cambridge Bancorp

Cambridge Bancorp, the parent company of Cambridge Trust Company, is based in Cambridge, Massachusetts. Cambridge Trust Company is a 130-year-old Massachusetts chartered commercial bank with approximately $4.0 billion in assets as of June 30, 2020, and a total of 22 Massachusetts and New Hampshire locations. Cambridge Trust Company is one of New England's leaders in private banking and wealth management with approximately $3.7 billion in client assets under management and administration as of June 30, 2020. The Wealth Management group maintains offices in Boston and Wellesley, Massachusetts and Concord, Manchester, and Portsmouth, New Hampshire.

CONTACT:
Cambridge Bancorp
Michael F. Carotenuto
Chief Financial Officer
617-520-5520

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SOURCE Cambridge Bancorp

FAQ

When will Cambridge Bancorp report its earnings for Q3 2020?

Cambridge Bancorp will report its Q3 2020 earnings before the market opens on October 20, 2020.

What are the total assets of Cambridge Bancorp as of June 30, 2020?

Cambridge Bancorp had approximately $4.0 billion in assets as of June 30, 2020.

How much client assets does Cambridge Bancorp manage?

The company manages approximately $3.7 billion in client assets under management.

What is the primary focus of Cambridge Bancorp?

Cambridge Bancorp focuses on private banking and wealth management.