---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-046635"
form_type: "8-K"
ticker: null
cik: "0000711772"
company_name: "CAMBRIDGE BANCORP"
filed_at: "2024-04-23T23:59:59+00:00"
generated_at: "2026-06-03T12:46:35.252465+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Cambridge Bancorp Q1 net income $6.9M, EPS $0.87; declares $0.67 dividend

## Summary
- Net income $6.9M (diluted EPS $0.87) vs $8.0M ($1.02) prior quarter, down 14.3%.
- Operating net income $8.0M, operating diluted EPS $1.02, down 8.1% QoQ.
- Quarterly cash dividend of $0.67 per share, payable May 23 to holders of record May 9.
- Wealth AUM $4.80B (+12.5% YoY); wealth management revenue $8.7M (+9.8% YoY).
- Merger with Eastern Bankshares (4.956x exchange ratio) pending regulatory approval; shareholder votes received Feb 2024.

## SEC filing metadata
- accession: 0000950170-24-046635
- form_type: 8-K
- cik: 0000711772
- company_name: CAMBRIDGE BANCORP
- filed_at: 2024-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/711772/000095017024046635/0000950170-24-046635-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/711772/000095017024046635/catc-20240423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-046635
- JSON: https://secwatch.observer/filing/0000950170-24-046635.json
- Plain text: https://secwatch.observer/filing/0000950170-24-046635.txt

## Key facts
- Earnings Releases
  CAMBRIDGE BANCORP reported the three months ended March 31, 2024 results: net income $6.9 million, EPS $0.87 per diluted share.
  - Period: the three months ended March 31, 2024
  - Net income: $6.9 million
  - EPS: $0.87 per diluted share
  - Result: reported results
  source text: 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 $1.1 million, or 14.3%, as compared to $8.0 million for the three months ended December 31, 2023. Diluted earnings per share were $0.87 for the three months ended March 31, 2024, representing a 14.7% decrease as compared to $1.02 for the three months ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/711772/000095017024046635/0000950170-24-046635-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.