Cambridge Bancorp (CATC) Declares $0.64 Quarterly Dividend; 3.1% Yield
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Cambridge Bancorp Announces Second Quarter 2022 Earnings and Declares Quarterly Dividend
July 19, 2022 7:00 AM EDTCAMBRIDGE, Mass., July 19, 2022 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC) (the "Company"), the parent company of Cambridge Trust Company (the "Bank"), today announced unaudited net income of $13.7 million for the quarter ended June 30, 2022. Net income for the second quarter represented an increase of $342,000, or 2.6%, as compared to net income of $13.3 million for the quarter ended March 31, 2022. Diluted earnings per share were $1.94 for the quarter ended June 30, 2022, representing a 2.6% increase as compared to diluted earnings per share of $1.89 for the quarter ended March 31, 2022.
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