Cambridge Bancorp (OQ:CATC)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1336 Massachusetts Ave. CAMBRIDGE MA 02138 |
| Tel: | N/A |
| Website: | N/A |
| IR: | N/A |
| Key People | ||
| Denis K. Sheahan Chairman of the Board, President, Chief Executive Officer | Joseph P. Sapienza Interim Chief Financial Officer | Puneet Nevatia Senior Vice President, Chief Information Officer |
| Danielle Remis Hackel Senior Vice President, Chief Marketing Officer | Pilar Pueyo Senior Vice President, Director - Human Resources | Kerri A. Mooney Senior Vice President, Chief Deposit Officer |
| John J. Sullivan Senior Vice President, Director - Consumer Lending | Peter Halberstadt Chief Credit Officer | Steven J. Mead Chief Commercial Banking Officer |
| Business Overview |
| Cambridge Bancorp is a bank holding company of Cambridge Trust Company (the Bank). The Bank operates approximately 22 banking offices in Eastern Massachusetts and New Hampshire. The Company's core services include Wealth Management, Commercial Banking, and Personal Banking. It offers a range of services to commercial enterprises, non-profit organizations, and individuals. It originates commercial and industrial (C&I) loans, commercial real estate (CRE) loans, construction loans, consumer loans, and residential real estate loans (including one-to-four family and home equity lines of credit), and accepts savings, money market, time, and demand deposits. In addition, it offers a range of commercial and personal banking services, which include cash management, online banking, mobile banking, and global payments. The Bank's clients consist primarily of consumers and small-and medium-sized businesses in these communities and surrounding areas throughout Massachusetts and New Hampshire. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Cambridge Bancorp interest income increased 37% to $218.5M. Net interest income after loan loss provision decreased 14% to $119.9M. Net income applicable to common stockholders decreased 35% to $34.1M. Net interest income after loan loss provision reflects Net Interest Margin, Total - % decrease of 21% to 2.3%, Net Interest Spread, Total - % decrease of 44% to 1.53%. |
| Employees: | 407 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $886.88M as of Dec 31, 2023 |
| Annual revenue (TTM): | $218.53M as of Dec 31, 2023 |
| EBITDA (TTM): | N/A |
| Net annual income (TTM): | $34.08M as of Dec 31, 2023 |
| Free cash flow (TTM): | $10.73M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $419.15M as of Dec 31, 2023 |
| Shares outstanding: | 7,846,510 as of Mar 8, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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