Cambridge Bancorp (CATC) Tops Q4 EPS by 10c

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Go back to Cambridge Bancorp (CATC) Tops Q4 EPS by 10c

Cambridge Bancorp Declares Increased Dividend and Announces Full Year Operating Earnings For 2020

January 26, 2021 8:00 AM EST

CAMBRIDGE, Mass., Jan. 26, 2021 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC) (the "Company"), the parent of Cambridge Trust Company ("Cambridge Trust"), today announced net income of $31,959,000 for the year ended December 31, 2020, representing an increase of $6,702,000, or 26.5%, as compared to net income of $25,257,000 for the year ended December 31, 2019. Diluted earnings per share were $5.03 for 2020, representing a 6.3% decrease over diluted earnings per share of $5.37 for 2019.

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