CATC Cambridge Bancorp
Cambridge Bancorp is a holding company, which is engaged in the provision of full range of private banking services. It focuses on the wealth management, commercial banking, residential lending, and personal banking services. The company was founded in 1983 and is headquartered in Cambridge, MA.
Company profile
Ticker
CATC
Exchange
Website
CEO
Denis K. Sheahan
Employees
Location
Fiscal year end
Sector
Industry (SEC)
SEC CIK
Corporate docs
CATC stock data
()
Calendar
7 Nov 19
20 Jan 20
31 Dec 20
News
Company financial data Financial data
| Quarter (USD) | Sep 19 | Jun 19 | Mar 19 | Dec 18 | |
|---|---|---|---|---|---|
| Net income | 7.68M | 4.27M | 6.2M | 5.31M | |
| Diluted EPS | 1.57 | 0.9 | 1.49 | 1.28 | |
| Net change in cash | 30.39M | 1.55M | 18.53M | 2.04M | |
| Cash on hand | 68.95M | 38.56M | 37.01M | 18.47M |
| Annual (USD) | Dec 18 | Dec 17 | Dec 16 | Dec 15 | |
|---|---|---|---|---|---|
| Net income | 23.88M | 14.82M | 16.9M | 15.69M | |
| Diluted EPS | 5.77 | 3.61 | 4.15 | 3.93 | |
| Net change in cash | -85.12M | 49.54M | 29.41M | ||
| Cash on hand | 18.47M | 103.59M | 54.05M | 24.65M |
Financial data from company earnings reports
Institutional ownership Q3 2019
13F holders |
Current |
|---|---|
| Total holders | 81 |
| Opened positions | 3 |
| Closed positions | 5 |
| Increased positions | 28 |
| Reduced positions | 18 |
13F shares |
Current |
|---|---|
| Total value | 552.22M |
| Total shares | 1.73M |
| Total puts | 0 |
| Total calls | 0 |
| Total put/call ratio | NaN |
Largest owners |
Shares | Value |
|---|---|---|
| BLK BlackRock | 233.76K | $17.53M |
| Vanguard | 191.87K | $14.39M |
| Castine Capital Management | 126.4K | $9.48M |
| Banc Funds | 122.37K | $9.18M |
| Cambridge Trust | 117.97K | $8.85M |
| Stieven Capital Advisors | 85.77K | $6.43M |
| STT State Street | 70.65K | $5.3M |
| Manufacturers Life Insurance Company, The | 61.38K | $4.62M |
| Amica Mutual Insurance | 61.32K | $4.6M |
| Polaris Capital Management | 55.51K | $4.16M |
Financial report summary
?Management Discussion
- General. Net income increased $1.0 million, or 15.3%, to $7.7 million for the quarter ended September 30, 2019, as compared to net income of $6.7 million for the quarter ended September 30, 2018, primarily due to higher net interest income before provision for loan losses and higher noninterest income. Diluted earnings per share were $1.57 for the third quarter of 2019, representing a 2.5% decrease over diluted earnings per share of $1.61 for the same quarter last year. Net income for the third quarter of 2019 included after-tax merger expenses of $265,000, which the Company considers to be non-operating.
- Excluding merger expenses related to the Optima merger and other non-operating adjustments, operating net income was $7.9 million for the quarter ended September 30, 2019, an increase of $1.3 million, or 19.2%, as compared to operating net income of $6.7 million for the quarter ended September 30, 2018. Operating diluted earnings per share were $1.63 for the third quarter of 2019, representing a 1.2% increase over operating diluted earnings per share of $1.61 for the same quarter last year.
- The third quarter of 2019 also included a $1.2 million pre-tax loan charge-off that reduced diluted operating earnings by approximately $0.18 per share. The charge-off was taken in connection with an acquired commercial real estate loan upon receipt of information indicating misstatements of fact and potential borrower fraud. We believe this to be an isolated incident and do not have any additional exposure to the borrower.
Content analysis
?
| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
H.S. freshman Avg
|
|
New words:
aforementioned, alongside, announced, announcement, CECL, compelling, desirable, FCA, incident, indirectly, Interbank, isolated, Kingdom, London, persuading, pool, product, proposed, scenario, Similarly, static, stop, submit
Removed:
Thought, trademark
Financial reports
10-Q
2019 Q3
Quarterly report
7 Nov 19
10-Q
2019 Q2
Quarterly report
8 Aug 19
10-Q
2019 Q1
Quarterly report
9 May 19
10-K
2018 FY
Annual report
18 Mar 19
10-Q
2018 Q3
Quarterly report
8 Nov 18
10-Q
2018 Q2
Quarterly report
9 Aug 18
10-Q
2018 Q1
Quarterly report
9 May 18
10-K
2017 FY
Annual report
21 Mar 18
10-Q
2017 Q3
Quarterly report
9 Nov 17
Current reports
8-K
Other Events
10 Dec 19
8-K
Cambridge Bancorp and Wellesley Bancorp, Inc. to Merge
5 Dec 19
8-K
Regulation FD Disclosure
13 Nov 19
8-K
Cambridge Bancorp Announces Record Third Quarter 2019 Earnings and Declares Dividend
22 Oct 19
8-K
Financial Statements and Exhibits
22 Oct 19
8-K
Regulation FD Disclosure
30 Jul 19
8-K
Cambridge Bancorp Announces Second Quarter 2019 Earnings and Declares Dividend
16 Jul 19
8-K
Cambridge Bancorp Announces Three New Members to Board of Directors
16 Jul 19
8-K
Departure of Directors or Certain Officers
15 May 19
8-K
Regulation FD Disclosure
14 May 19
Registration and prospectus
424B5
Prospectus supplement for primary offering
6 Dec 19
424B5
Prospectus supplement for primary offering
5 Dec 19
425
Business combination disclosure
5 Dec 19
S-3
Shelf registration
22 Oct 19
POS AM
Prospectus update (post-effective amendment)
30 Apr 19
424B3
Prospectus supplement
4 Feb 19
S-4/A
Registration of securities issued in business combination transactions (amended)
1 Feb 19
S-4
Registration of securities issued in business combination transactions
22 Jan 19
425
Business combination disclosure
6 Dec 18
S-8
Registration of securities for employees
19 Jun 18
Other
EFFECT
Notice of effectiveness
5 Nov 19
CORRESP
Correspondence with SEC
31 Oct 19
UPLOAD
Letter from SEC
25 Oct 19
EFFECT
Notice of effectiveness
8 May 19
EFFECT
Notice of effectiveness
5 Feb 19
CORRESP
Correspondence with SEC
13 Oct 17
CORRESP
Correspondence with SEC
15 Sep 17
UPLOAD
Letter from SEC
5 Sep 17