Monday, April 23, 2012

Cambridge Bancorp Reports First Quarter Results

Cambridge Bancorp (OTC BB: CATC) today reported unaudited net income of $3,285,000 for the first quarter of 2012, or $0.85 per diluted share, compared to $3,105,000, or $0.82 per diluted share, for the same quarter in 2011. The quarter-over-quarter earnings increase of $180,000 (5.8%) was attributable to a combination of solid growth in net interest income and a modest increase in wealth management income. "I am pleased to report an increase in the Bank's quarter-over-quarter perform...continued
     

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