Cambridge Bancorp (CATC) Declares $0.64 Quarterly Dividend; 2.7% Yield
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Cambridge Bancorp Announces Record Operating Results for 2021 and Increases Dividend by 5%
January 25, 2022 7:00 AM ESTCAMBRIDGE, Mass., Jan. 25, 2022 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC) (the "Company"), the parent company of Cambridge Trust Company (the "Bank"), today announced unaudited net income of $54.0 million for the year ended December 31, 2021, an increase of $22.1 million, or 69.0%, as compared to net income of $32.0 million for the year ended December 31, 2020. Diluted earnings per share were $7.69 for the year ended December 31, 2021, representing a 52.9% increase as compared to diluted earnings per share of $5.03 for the year ended December 31, 2020.Â
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