/PRNewswire/ Cambridge Bancorp (NASDAQ: CATC) (the "Company"), the parent company of Cambridge Trust Company (the "Bank"), today announced unaudited net.
/PRNewswire/ Cambridge Bancorp (NASDAQ: CATC) (the "Company"), the parent company of Cambridge Trust Company (the "Bank"), today announced unaudited net.
/PRNewswire/ Cambridge Bancorp (NASDAQ: CATC) (the "Company"), the parent company of Cambridge Trust Company (the "Bank"), today announced unaudited net.
Cambridge Trust Increases Dividend 11 Percent - Banker & Tradesman bankerandtradesman.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bankerandtradesman.com Daily Mail and Mail on Sunday newspapers.
Cambridge Bancorp Announces First Quarter 2021 Earnings and Increases Quarterly Dividend by 11%
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CAMBRIDGE, Mass., April 21, 2021 /PRNewswire/ Cambridge Bancorp (NASDAQ: CATC) (the Company ), the parent company of Cambridge Trust Company (the Bank ), today announced unaudited net income of $13,499,000 for the quarter ended March 31, 2021, an increase of $485,000, or 3.7%, as compared to net income of $13,014,000 for the quarter ended December 31, 2020. Diluted earnings per share were $1.92 for the first quarter of 2021, representing a 3.4% increase over diluted earnings per share of $1.86 for the quarter ended December 31, 2020.
First quarter 2021 highlights:
Financial performance ratios for the quarter ended March 31, 2021 were strong with Return on Average Assets ( ROA ) of 1.35% and Operating Return on Tangible Common Shareholders Equity ( ROTCE ) of 15.65%.