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
CEO
Denis K. Sheahan
Employees
Location
Fiscal year end
Sector
Industry (SEC)
SEC CIK
Corporate docs
CATC stock data
()
Calendar
8 Aug 19
17 Sep 19
31 Dec 19
News
Company financial data Financial data
| Quarter (USD) | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|
| Net income | 4.27M | 6.2M | 5.31M | 6.66M | |
| Diluted EPS | 0.9 | 1.49 | 1.28 | 1.61 | |
| Net change in cash | 1.55M | 18.53M | 2.04M | -18.69M | |
| Cash on hand | 38.56M | 37.01M | 18.47M | 16.43M |
| 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
Financial report summary
?Management Discussion
- General. Net income decreased $1.8 million, or 30.1%, to $4.3 million for the quarter ended June 30, 2019, as compared to net income of $6.1 million for the quarter ended June 30, 2018, primarily due to merger expenses of $3.5 million associated with the Optima merger offset by higher net interest income. Diluted earnings per share were $0.90 for the second quarter of 2019, representing a 39.2% decrease over diluted earnings per share of $1.48 for the same quarter last year. Net income for the first and second quarters of 2019 included merger expenses of $3.5 million, 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 $7.0 million for the quarter ended June 30, 2019, an increase of $845,000, or 13.8%, compared to operating net income of $6.1 million for the quarter ended June 30, 2018. Operating diluted earnings per share were $1.47 for the second quarter of 2019, representing a 0.7% decrease over operating diluted earnings per share of $1.48 for the same quarter last year.
- Net Interest and Dividend Income. For the quarter ended June 30, 2019, net interest and dividend income before provision for loan losses, increased by $3.9 million, or 24.7%, to $19.8 million, as compared to $15.9 million for the quarter ended June 30, 2018, primarily due to loan growth (both organic and as a result of the Optima merger) and higher levels of interest-earning assets.
Content analysis
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New words:
acquired, acquirer, alternative, appraised, assumption, attrition, carryover, CDI, Codification, debit, essential, factoring, final, foreclosed, forma, grew, highest, illustrative, investor, Jennifer, Martin, Millane, MSR, noncore, OREO, Pline, pro, proper, referenced, repricing, stable, tangible, understanding
Removed:
bearing, entered, fund
Financial reports
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
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
8-K
Regulation FD Disclosure
13 May 19
8-K/A
Completion of Acquisition or Disposition of Assets
8 May 19
8-K
Departure of Directors or Certain Officers
29 Apr 19
8-K
Cambridge Bancorp Announces Completion of Merger with Optima Bank & Trust Company
18 Apr 19
8-K
Cambridge Bancorp Announces First Quarter 2019 Earnings and Declares Dividend
17 Apr 19
Registration and prospectus
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
10-12B/A
Registration of securities (amended)
4 Oct 17
10-12B/A
Registration of securities (amended)
15 Sep 17
10-12B
Registration of securities
9 Aug 17