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Cambridge Bancorp Q2 2023 Earnings Report

Cambridge Bancorp EPS Results

Actual EPS
$1.23
Consensus EPS
$1.18
Beat/Miss
Beat by +$0.05
One Year Ago EPS
$1.90

Cambridge Bancorp Revenue Results

Actual Revenue
$64.17 million
Expected Revenue
$39.98 million
Beat/Miss
Beat by +$24.19 million
YoY Revenue Growth
N/A

Cambridge Bancorp Announcement Details

Quarter
Q2 2023
Time
Before Market Opens
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About Cambridge Bancorp

Cambridge Bancorp (NASDAQ:CATC) operates as the bank holding company for Cambridge Trust Company that engages in the provision of commercial and consumer banking, and investment management and trust services. The company accepts various deposits, such as checking, savings, money market, trust, and individual retirement accounts, as well as time and demand deposits, and certificates of deposit. Its loan products include residential and commercial real estate loans; construction loan; residential mortgages and home equity loans; commercial and industrial loans; consumer loans, such as secured and unsecured loans, lines of credit, and personal installment loans; and construction loans. The company also offers cash management, debit and credit cards, online and mobile banking, and payments services. It serves commercial enterprises, non-profit organizations, and individuals. The company operates through a network of banking and wealth management offices located in Massachusetts and New Hampshire. Cambridge Bancorp was founded in 1890 and is headquartered in Cambridge, Massachusetts.

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