Company profile

Ticker
CATC
Exchange
CEO
Denis K. Sheahan
Employees
Location
Fiscal year end
Industry (SEC)
SEC CIK

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

13F holders
Current Prev Q Change
Total holders 81 83 -2.4%
Opened positions 3 12 -75.0%
Closed positions 5 7 -28.6%
Increased positions 28 28
Reduced positions 18 18
13F shares
Current Prev Q Change
Total value 552.22M 591.68M -6.7%
Total shares 1.73M 1.68M +3.0%
Total puts 0 0 NaN%
Total calls 0 0 NaN%
Total put/call ratio NaN NaN NaN%
Largest owners
Shares Value Change
BLK BlackRock 233.76K $17.53M +5.9%
Vanguard 191.87K $14.39M +1.2%
Castine Capital Management 126.4K $9.48M -3.9%
Banc Funds 122.37K $9.18M 0.0%
Cambridge Trust 117.97K $8.85M -0.4%
Stieven Capital Advisors 85.77K $6.43M -0.6%
STT State Street 70.65K $5.3M +4.0%
Manufacturers Life Insurance Company, The 61.38K $4.62M +20.4%
Amica Mutual Insurance 61.32K $4.6M +38.4%
Polaris Capital Management 55.51K $4.16M 0.0%
Largest transactions
Shares Bought/sold Change
Amica Mutual Insurance 61.32K +17.03K +38.4%
BLK BlackRock 233.76K +12.98K +5.9%
Bangor Savings Bank 8.39K -11K -56.7%
Manufacturers Life Insurance Company, The 61.38K +10.42K +20.4%
Condor Capital Management 0 -9.37K EXIT
Prio Wealth Limited Partnership 7.2K +7.2K NEW
Putnam FL Investment Management 27.99K +5.52K +24.6%
Castine Capital Management 126.4K -5.15K -3.9%
Martingale Asset Management L P 14.9K +5.1K +52.0%
Renaissance Technologies 12.7K +3.8K +42.7%

Financial report summary

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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.
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