Cambridge Bancorp (CATC) Tops Q3 EPS by 1c
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Cambridge Bancorp Announces Third Quarter 2022 Earnings and Declares Quarterly Dividend
October 18, 2022 7:00 AM EDTCAMBRIDGE, Mass., Oct. 18, 2022 /PRNewswire/ --Â Cambridge Bancorp (NASDAQ: CATC) (the "Company"), the parent company of Cambridge Trust Company (the "Bank"), today announced unaudited net income of $14.6 million for the quarter ended September 30, 2022. Net income for the third quarter represented an increase of $1.0 million, or 7.0%, as compared to net income of $13.7 million for the quarter ended June 30, 2022. Diluted earnings per share were $2.07 for the quarter ended September 30, 2022, representing a 6.7% increase as compared to diluted earnings per share of $1.94 for the quarter ended June 30, 2022.
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