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Cambridge Bancorp Announces Strong Third Quarter Results
Tuesday, October 20, 2009
CAMBRIDGE, Mass. - Cambridge Bancorp (OTCBB: CATC) today reported unaudited net income of $3.2 million for the third quarter, representing an increase of $630,000 or 24.9% over the same quarter in 2008. Diluted earnings per share (EPS) of $0.84 compare with $0.68 a year earlier. For the nine months ending September 30, 2009, unaudited net income was $7.6 million versus $7.4 million for the same period in 2008 – an increase of 3.7%.
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