Cambridge Bancorp (CATC) Tops Q2 EPS by 65c

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Go back to Cambridge Bancorp (CATC) Tops Q2 EPS by 65c

Cambridge Bancorp Announces Operating Results for Q2 and Declares Dividend

July 28, 2020 8:00 AM EDT

CAMBRIDGE, Mass., July 28, 2020 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC) (the "Company"), the parent company of Cambridge Trust Company (the "Bank"), today announced an unaudited net loss of $1,716,000 for the quarter ended June 30, 2020, a decrease of $5,988,000, or 140.2%, compared to net income of $4,272,000 for the quarter ended June 30, 2019. The diluted loss per share was $0.29 for the second quarter of 2020, representing a 132.2% decrease over diluted earnings per share of $0.90 for the second quarter of 2019.

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