Cambridge: 1Q Earnings Snapshot
CAMBRIDGE, Mass. (AP) _ Cambridge Bancorp (CATC) on Wednesday reported first-quarter earnings of $6.2 million.
The Cambridge, Massachusetts-based bank said it had earnings of $1.49 per share. Earnings, adjusted for costs related to mergers and acquisitions, came to $1.52 per share.
The bank posted revenue of $27.1 million in the period. Its revenue net of interest expense was $24.2 million, surpassing Street forecasts.
Cambridge shares have fallen slightly since the beginning of the year. The stock has dropped roughly 3 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CATC at https://www.zacks.com/ap/CATC