Cambridge Bancorp (CATC) Declares $0.47 Quarterly Dividend; 2.7% Yield

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Go back to Cambridge Bancorp (CATC) Declares $0.47 Quarterly Dividend; 2.7% Yield

Cambridge Bancorp Announces Third Quarter 2017 Earnings and Declares Dividend

October 19, 2017 8:45 AM EDT

CAMBRIDGE, Mass.--(BUSINESS WIRE)-- Cambridge Bancorp (NASDAQ: CATC) (the Company), the parent of Cambridge Trust Company, today announced unaudited net income of $5,010,000 for the third quarter of 2017, representing an increase of $435,000, or 9.5%, compared to net income of $4,575,000 for the same quarter in 2016. Diluted earnings per share were $1.22 for the third quarter of 2017, representing an 8.0% increase over diluted earnings per share of $1.13 for the same quarter in 2016.

For the nine months ended September 30, 2017, unaudited net income was $13,852,000, an increase of $1,379,000, or 11.1%, compared to net income of $12,473,000 for the nine months ended September 30, 2016. Diluted... More