Cambridge Bancorp (CATC) Financial Statements (2024 and earlier)

Company Profile

Business Address 1336 MASSACHUSETTS AVENUE
CAMBRIDGE, MA 02138
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments30,719180,15375,78561,33518,473103,591
Cash and cash equivalents30,719180,15375,78561,33518,473103,591
Financing receivable, accrued interest, after allowance for credit loss   
Total current assets:30,719180,15375,78561,33518,473103,591
Noncurrent Assets
Operating lease, right-of-use asset25,09831,27334,92733,587
Property, plant and equipment23,29717,32618,15814,7568,5789,310
Intangible assets, net (including goodwill)71,98254,52954,88934,544412412
Goodwill64,53951,91251,91231,206412412
Intangible assets, net (excluding goodwill)7,4432,6172,9773,338  
Deferred income tax assets17,9909,98511,6398,229
Total noncurrent assets:138,367113,113119,61391,1168,9909,722
Other undisclosed assets5,390,6514,598,2783,753,8992,703,1122,073,9211,836,621
TOTAL ASSETS:5,559,7374,891,5443,949,2972,855,5632,101,3841,949,934
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 105,000 15,000135,69190,000 
Total current liabilities: 105,000 15,000135,69190,000 
Noncurrent Liabilities
Other undisclosed liabilities4,937,1854,453,7073,532,5652,433,3111,844,3581,801,977
Total liabilities:5,042,1854,453,7073,547,5652,569,0021,934,3581,801,977
Equity
Equity, attributable to parent517,552437,837401,732286,561167,026147,957
Common stock7,7966,9686,9275,4014,1074,082
Additional paid in capital293,186229,205226,967136,76638,27135,663
Accumulated other comprehensive income (loss)(20,799)(1,210)2,434(2,481)(6,487)(5,881)
Retained earnings237,369202,874165,404146,875131,135114,093
Total equity:517,552437,837401,732286,561167,026147,957
TOTAL LIABILITIES AND EQUITY:5,559,7374,891,5443,949,2972,855,5632,101,3841,949,934

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues22,39213,07610,57012,15310,55533,775
Gain on disposition of assets for financial service operations988321,8501,17099
Net investment income22,29412,2448,72010,98310,4569,212
Financial services revenue24,563
Cost of revenue(3,881) (18,310)(3,004)(1,502)(9,736)
Cost of goods and services sold      (9,374)
Provision for loan, lease, and other losses(3,881) (18,310)(3,004)(1,502)
Gross profit:18,51113,076(7,740)9,1499,05324,039
Operating expenses(32,099)(30,654)(26,674)(23,049)(20,393)(45,808)
Operating loss:(13,588)(17,578)(34,414)(13,900)(11,340)(21,769)
Nonoperating income (expense)(3,059)(1,118)(7,612)(4,721)526584
Bank owned life insurance income1,808801747612526584
Interest and debt expense(16,778)(5,533)(9,145)(17,643)(5,467)(3,587)
Loss from continuing operations before equity method investments, income taxes:(33,425)(24,229)(51,171)(36,264)(16,281)(24,772)
Other undisclosed income from continuing operations before income taxes105,38697,34494,53470,18247,36952,946
Income from continuing operations before income taxes:71,96173,11543,36333,91831,08828,174
Income tax expense(19,052)(19,091)(11,404)(8,661)(7,207)(13,358)
Income from continuing operations:52,90954,02431,95925,25723,88114,816
Income before gain (loss) on sale of properties:54,02431,95925,25723,88114,816
Net income attributable to parent:52,90954,02431,95925,25723,88114,816
Undistributed earnings (loss) allocated to participating securities, basic(257)(250)(47)(210)(239)(157)
Net income available to common stockholders, basic:52,65253,77431,91225,04723,64214,659
Dilutive securities, effect on basic earnings per share      35
Other undisclosed net loss available to common stockholders, diluted      (35)
Net income available to common stockholders, diluted:52,65253,77431,91225,04723,64214,659

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:52,90954,02431,95925,25723,88114,816
Other comprehensive income (loss)(19,589)(3,644)4,9154,0065964,000
Comprehensive income, net of tax, attributable to parent:33,32050,38036,87429,26324,47718,816

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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