Cambridge Bancorp Announces Third Quarter 2023 Results and Declares Dividend

CAMBRIDGE, Mass., Oct. 17, 2023 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC) (the "Company"), the parent company of Cambridge Trust Company (the "Bank"), today announced unaudited net income of $6.5 million for the three months ended September 30, 2023, a decrease of $571,000, or 8.0%, as compared to net income of $7.1 million for the three months ended June 30, 2023. Diluted earnings per share were $0.83 for the three months ended September 30, 2023, representing an 8.8% decrease as compared to $0.91 for the three months ended June 30, 2023.

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