See more : Science Strategic Acquisition Corp. Alpha (SSAAU) Income Statement Analysis – Financial Results
Complete financial analysis of Cambridge Bancorp (CATC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Cambridge Bancorp, a leading company in the Banks – Regional industry within the Financial Services sector.
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Cambridge Bancorp (CATC)
About Cambridge Bancorp
Cambridge Bancorp operates as the bank holding company for Cambridge Trust Company that provides 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; and time and demand deposits, and certificates of deposit. Its loan products include residential and commercial real estate loans; home equity lines of credit and term loans; commercial and industrial loans; secured and unsecured loans, lines of credit, and personal installment loans; and construction loans. The company also offers cash management, online and mobile banking, and payments services. It serves commercial enterprises, non-profit organizations, and individuals. The company operates through a network of 19 banking offices in Eastern Massachusetts and New Hampshire; and two wealth management offices located in Massachusetts, as well as three wealth management offices located in New Hampshire. Cambridge Bancorp was founded in 1890 and is headquartered in Cambridge, Massachusetts.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 161.63M | 186.22M | 172.31M | 159.76M | 115.10M | 96.58M | 87.83M | 82.33M | 77.51M | 72.74M | 68.65M | 66.36M | 51.18M | 47.66M | 46.31M | 44.79M | 47.81M | 43.87M | 43.04M |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 7.61M | 4.72M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 161.63M | 186.22M | 172.31M | 152.15M | 110.38M | 96.58M | 87.83M | 82.33M | 77.51M | 72.74M | 68.65M | 66.36M | 51.18M | 47.66M | 46.31M | 44.79M | 47.81M | 43.87M | 43.04M |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 95.24% | 95.90% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 72.64M | 71.95M | 66.45M | 59.97M | 47.79M | 41.79M | 37.34M | 37.68M | 34.25M | 31.09M | 30.21M | 30.88M | 21.00M | 22.03M | 19.15M | 18.28M | 17.64M | 18.03M | 17.69M |
| Selling & Marketing | 1.77M | 2.30M | 2.54M | 1.82M | 1.76M | 2.23M | 1.62M | 1.71M | 2.38M | 2.12M | 1.82M | 1.84M | 1.42M | 1.14M | 959.00K | 0.00 | 812.00K | 600.00K | 372.00K |
| SG&A | 74.41M | 74.26M | 68.98M | 61.79M | 49.55M | 44.02M | 38.96M | 39.39M | 36.63M | 33.21M | 32.03M | 32.72M | 22.43M | 23.17M | 19.15M | 18.28M | 18.45M | 18.63M | 18.06M |
| Other Expenses | 40.81M | 758.00K | -168.17M | -178.18M | -130.72M | -106.11M | -13.72M | -92.92M | -88.20M | -81.67M | -77.45M | -76.18M | -49.25M | -45.50M | -44.00M | -28.27M | -50.56M | -49.91M | -50.46M |
| Operating Expenses | 115.22M | 3.06M | -99.19M | -116.40M | -81.18M | -60.02M | 1.62M | -53.53M | -51.57M | -48.46M | -45.42M | -43.46M | -26.82M | -22.33M | -24.84M | -28.27M | -32.11M | -31.28M | -32.40M |
| Cost & Expenses | 115.22M | 3.06M | -99.19M | -116.40M | -81.18M | -60.02M | 1.62M | -53.53M | -51.57M | -48.46M | -45.42M | -43.46M | -26.82M | -22.33M | -24.84M | -28.27M | -32.11M | -31.28M | -32.40M |
| Interest Income | 41.73M | 159.71M | 133.47M | 129.05M | 95.95M | 68.77M | 60.95M | 56.85M | 54.08M | 50.27M | 47.64M | 49.04M | 44.78M | 42.55M | 39.02M | 34.69M | 31.24M | 30.47M | 32.42M |
| Interest Expense | 97.73M | 16.78M | 5.53M | 9.15M | 17.64M | 5.47M | 3.59M | 3.36M | 2.69M | 2.10M | 2.19M | 3.19M | 10.45M | 11.95M | 8.59M | 4.56M | 2.84M | 3.74M | 5.80M |
| Depreciation & Amortization | 0.00 | 2.28M | -1.84M | -8.13M | 2.00M | 1.89M | 1.95M | 2.11M | 1.94M | 1.82M | 1.57M | 1.43M | 1.28M | 1.54M | 1.72M | 0.00 | 2.62M | 3.26M | 2.84M |
| EBITDA | 46.41M | 88.74M | 71.28M | 35.23M | 35.92M | 38.44M | 33.71M | 30.91M | 27.87M | 26.10M | 24.80M | 24.34M | 25.64M | 26.86M | 23.19M | 16.51M | 18.32M | 15.85M | 13.48M |
| EBITDA Ratio | 28.71% | 47.65% | 41.37% | 22.05% | 31.21% | 39.81% | 38.38% | 37.55% | 35.96% | 35.88% | 36.13% | 36.67% | 50.10% | 56.37% | 50.07% | 36.87% | 38.31% | 36.12% | 31.32% |
| Operating Income | 46.41M | 88.74M | 73.12M | 43.36M | 33.92M | 36.56M | 31.76M | 28.81M | 25.94M | 24.28M | 23.23M | 22.91M | 24.36M | 25.33M | 21.47M | 16.51M | 15.70M | 12.59M | 10.64M |
| Operating Income Ratio | 28.71% | 47.65% | 42.43% | 27.14% | 29.47% | 37.85% | 36.16% | 34.99% | 33.46% | 33.38% | 33.84% | 34.52% | 47.60% | 53.14% | 46.36% | 36.87% | 32.84% | 28.69% | 24.73% |
| Total Other Income/Expenses | 0.00 | -4.90M | -2.44M | -76.59M | -55.94M | -775.00K | -629.00K | -834.00K | -854.00K | -793.00K | -739.00K | -704.00K | -10.45M | -11.95M | -8.59M | -14.56M | -2.84M | -3.74M | -1.66M |
| Income Before Tax | 46.41M | 71.96M | 73.12M | 43.36M | 33.92M | 31.09M | 28.17M | 25.45M | 23.25M | 22.18M | 21.04M | 19.72M | 13.92M | 13.37M | 12.88M | 11.95M | 12.86M | 8.85M | 8.98M |
| Income Before Tax Ratio | 28.71% | 38.64% | 42.43% | 27.14% | 29.47% | 32.19% | 32.08% | 30.91% | 29.99% | 30.49% | 30.64% | 29.71% | 27.19% | 28.06% | 27.82% | 26.68% | 26.91% | 20.17% | 20.87% |
| Income Tax Expense | 12.30M | 19.05M | 19.09M | 11.40M | 8.66M | 7.21M | 13.36M | 8.56M | 7.55M | 7.24M | 6.90M | 6.31M | 4.30M | 4.13M | 4.20M | 4.22M | 4.68M | 2.75M | 2.43M |
| Net Income | 34.11M | 52.91M | 54.02M | 31.96M | 25.26M | 23.88M | 14.82M | 16.90M | 15.69M | 14.94M | 14.14M | 13.40M | 9.61M | 9.24M | 8.68M | 7.72M | 8.18M | 6.10M | 2.41M |
| Net Income Ratio | 21.10% | 28.41% | 31.35% | 20.00% | 21.94% | 24.73% | 16.87% | 20.52% | 20.25% | 20.55% | 20.60% | 20.20% | 18.78% | 19.40% | 18.74% | 17.24% | 17.12% | 13.91% | 5.61% |
| EPS | 4.36 | 7.35 | 7.76 | 5.07 | 5.41 | 5.88 | 3.64 | 4.19 | 3.94 | 3.81 | 3.65 | 3.49 | 2.56 | 2.42 | 2.25 | 1.96 | 2.07 | 1.56 | 0.62 |
| EPS Diluted | 4.35 | 7.30 | 7.69 | 5.03 | 5.37 | 5.83 | 3.61 | 4.15 | 3.93 | 3.78 | 3.62 | 3.45 | 2.56 | 2.41 | 2.24 | 1.94 | 2.04 | 1.49 | 0.58 |
| Weighted Avg Shares Out | 7.83M | 7.16M | 6.93M | 6.29M | 4.63M | 4.06M | 4.03M | 3.99M | 3.94M | 3.89M | 3.84M | 3.84M | 3.75M | 3.82M | 3.86M | 3.94M | 3.95M | 3.91M | 3.91M |
| Weighted Avg Shares Out (Dil) | 7.84M | 7.21M | 6.99M | 6.34M | 4.66M | 4.10M | 4.07M | 4.03M | 3.99M | 3.96M | 3.91M | 3.88M | 3.76M | 3.84M | 3.88M | 3.99M | 4.01M | 4.11M | 4.14M |
Eastern Bankshares, Inc. And Cambridge Bancorp Announce Regulatory Approvals Received To Merge
BOSTON--(BUSINESS WIRE)--Eastern Bankshares, Inc. (“Eastern”) (NASDAQ Global Select Market: EBC), the stock holding company for Eastern Bank, and Cambridge Bancorp (NASDAQ: CATC) (“Cambridge”), the parent company of Cambridge Trust Company, today jointly announced they have received all necessary regulatory approvals...
Eastern Bankshares, Inc. And Cambridge Bancorp Announce Regulatory Approvals Received To Merge
BOSTON , May 28, 2024 /PRNewswire/ -- Eastern Bankshares, Inc. ("Eastern") (NASDAQ Global Select Market: EBC), the stock holding company for Eastern Bank, and Cambridge Bancorp (NASDAQ: CATC) ("Cambridge"), the parent company of Cambridge Trust Company, today jointly announced they have...
Cambridge (CATC) Q1 Earnings and Revenues Lag Estimates
Cambridge (CATC) came out with quarterly earnings of $1.02 per share, missing the Zacks Consensus Estimate of $1.05 per share. This compares to earnings of $1.62 per share a year ago.
Cambridge Bancorp Announces First Quarter 2024 Results and Declares Quarterly Dividend
CAMBRIDGE, Mass. , April 23, 2024 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC) (the "Company"), the parent company of Cambridge Trust Company, today announced unaudited net income of $6.9 million for the three months ended March 31, 2024, a decrease of...
Cambridge Bancorp Sets First Quarter 2024 Earnings Release Date
CAMBRIDGE, Mass. , April 8, 2024 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC), expects to report results for the first quarter of 2024 prior to the market open on Tuesday, April 23, 2024.
Cambridge (CATC) Reports Q4 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Cambridge (CATC) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Cambridge (CATC) Beats Q4 Earnings and Revenue Estimates
Cambridge (CATC) came out with quarterly earnings of $1.11 per share, beating the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $1.92 per share a year ago.
Cambridge Bancorp Announces Results for 2023 and Declares Quarterly Dividend
CAMBRIDGE, Mass. , Jan. 30, 2024 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC) (the "Company"), the parent company of Cambridge Trust Company, today announced unaudited net income of $34.1 million for the year ended December 31, 2023, a decrease of $18.8...
CAMBRIDGE BANCORP INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Cambridge Bancorp - CATC
NEW ORLEANS , Jan. 22, 2024 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq.
Cambridge Bancorp Sets Fourth Quarter 2023 Earnings Release Date
CAMBRIDGE, Mass. , Jan. 8, 2024 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC), expects to report results for the fourth quarter of 2023 prior to the market open on Tuesday, January 30, 2024.
Source: https://incomestatements.info
Category: Stock Reports