Cambridge Bancorp (CATC) Reports Decline in Annual Earnings, Plans Merger with Eastern Bankshares [Yahoo! Finance]
Eastern Bankshares, Inc. (EBC)
Company Research
Source: Yahoo! Finance
Quarterly Performance : Q4 net income rose to $8.0 million, a 22.8% increase from Q3 2023. Asset Quality : Non-performing loans to total loans at 0.41% as of December 31, 2023. Liquidity : Approximately $2.6 billion in available liquidity as of year-end 2023. Merger Update : Merger agreement with Eastern Bankshares, Inc. progressing as planned. Dividend : Quarterly cash dividend declared at $0.67 per share, payable on February 22, 2024. Warning! GuruFocus has detected 5 Warning Signs with CATC. On January 30, 2024, Cambridge Bancorp ( NASDAQ:CATC ) released its 8-K filing , disclosing its financial results for the year ended December 31, 2023. The bank holding company, which specializes in Wealth Management, Commercial Banking, Residential Lending, and Personal Banking, reported a significant decrease in annual net income and diluted earnings per share. Despite the downturn, the fourth quarter showed a notable increase in net income compared to the previous quarter. Fin
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News
- Eastern Bankshares, Inc. (NASDAQ:EBC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Eastern Bankshares First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag [Yahoo! Finance]Yahoo! Finance
- Eastern Bankshares (EBC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Eastern Bankshares (EBC) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates [Yahoo! Finance]Yahoo! Finance
- Eastern Bankshares, Inc. (EBC) Beats Q1 Earnings and Revenue Estimates [Yahoo! Finance]Yahoo! Finance
EBC
Earnings
- 4/25/24 - Beat
EBC
Sec Filings
- 4/25/24 - Form 8-K
- 4/1/24 - Form ARS
- 4/1/24 - Form DEFA14A
- EBC's page on the SEC website