Cambridge Bancorp (CATC) Tops Q1 EPS by 4c

Cambridge Bancorp (NASDAQ: CATC) reported Q1 EPS of $1.92, $0.04 better than the analyst estimate of $1.88.

• Diluted earnings per share were $1.92 for the first quarter of 2021, representing a 3.4% increase over diluted earnings per share of $1.86 for the quarter ended December 31, 2020.

"The Cambridge Trust team continued to deliver support for our clients and our communities including participating in the second round of the PPP" noted Denis K. Sheahan, Chairman and CEO. "Financial performance in the first quarter remained strong and I am pleased to see strength in deposit growth, loan asset quality, and new business pipelines. I am also pleased to report a significant increase of 11% in the Company's quarterly common stock dividend."

For earnings history and earnings-related data on Cambridge Bancorp (CATC) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Z Squared outlines AI power strategy and Paradox Data acquisition
• SanDisk upgraded at JPMorgan after investor day; shares climb