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Cambridge Bancorp Reports First Quarter Results
Monday, April 27, 2009
CAMBRIDGE, Mass. (April 27, 2009) - Cambridge Bancorp (OTC BB: CATC) today reported unaudited net income of $2,006,000 for the first quarter of 2009, or $0.54 per diluted share, compared to $2,311,000, or $0.61 per diluted share, for the same quarter in 2008. The quarter-over-quarter earnings decrease of $305,000 (13.2%) was attributable to a combination of lower non-interest income and higher non-interest expenses for the period.
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