secwatch.observer — SEC 8-K summary
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Issuer:     CAMBRIDGE BANCORP (—)
CIK:        0000711772
Form:       8-K
Filed at:   2024-04-23T23:59:59+00:00
Accession:  0000950170-24-046635
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/711772/000095017024046635/0000950170-24-046635-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/711772/000095017024046635/catc-20240423.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-046635

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer