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)Annual | Quarterly
| 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 33,004 | 25,353 | 33,398 | 70,766 | 30,719 | 31,542 | |||
| Cash and cash equivalents | 33,004 | 25,353 | 33,398 | 70,766 | 30,719 | 31,542 | |||
| Financing receivable, accrued interest, after allowance for credit loss | ✕ | 13,500 | 13,000 | ||||||
| Total current assets: | 46,504 | 38,353 | 33,398 | 70,766 | 30,719 | 31,542 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 23,233 | 22,095 | 23,111 | 23,855 | 25,098 | 26,705 | |||
| Property, plant and equipment | 21,753 | 22,297 | 22,654 | 22,941 | 23,297 | 16,866 | |||
| Intangible assets, net (including goodwill) | 71,089 | 71,312 | 71,535 | 71,758 | 71,982 | 54,258 | |||
| Goodwill | 64,539 | 64,539 | 64,539 | 64,539 | 64,539 | 51,912 | |||
| Intangible assets, net (excluding goodwill) | 6,550 | 6,773 | 6,996 | 7,219 | 7,443 | 2,346 | |||
| Deferred income tax assets | 15,299 | 16,495 | 15,841 | 14,598 | 17,990 | 15,080 | |||
| Total noncurrent assets: | 131,374 | 132,199 | 133,141 | 133,152 | 138,367 | 112,909 | |||
| Other undisclosed assets | 5,239,788 | 5,281,478 | 5,323,083 | 5,324,666 | 5,390,651 | 4,998,908 | |||
| TOTAL ASSETS: | 5,417,666 | 5,452,030 | 5,489,622 | 5,528,584 | 5,559,737 | 5,143,359 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 406,000 | 105,000 | |||||||
| Total current liabilities: | 406,000 | 105,000 | |||||||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 46,200 | ||||||||
| Long-term debt, excluding current maturities | 46,200 | ||||||||
| Total noncurrent liabilities: | 46,200 | ||||||||
| Other undisclosed liabilities | 4,430,893 | 4,925,999 | 4,962,618 | 5,002,635 | 4,937,185 | 4,697,069 | |||
| Total liabilities: | 4,883,093 | 4,925,999 | 4,962,618 | 5,002,635 | 5,042,185 | 4,697,069 | |||
| Equity | |||||||||
| Equity, attributable to parent | 534,573 | 526,031 | 527,004 | 525,949 | 517,552 | 446,290 | |||
| Common stock | 7,845 | 7,846 | 7,846 | 7,834 | 7,796 | 7,007 | |||
| Additional paid in capital | 293,950 | 294,025 | 293,500 | 292,250 | 293,186 | 230,563 | |||
| Accumulated other comprehensive loss | (17,714) | (23,554) | (20,770) | (18,696) | (20,799) | (22,319) | |||
| Retained earnings | 250,492 | 247,714 | 246,428 | 244,561 | 237,369 | 231,039 | |||
| Total equity: | 534,573 | 526,031 | 527,004 | 525,949 | 517,552 | 446,290 | |||
| TOTAL LIABILITIES AND EQUITY: | 5,417,666 | 5,452,030 | 5,489,622 | 5,528,584 | 5,559,737 | 5,143,359 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 5,379 | 5,538 | 5,691 | 5,974 | 5,774 | 5,743 | ||
| Net investment income | 5,363 | 5,511 | 5,691 | 5,961 | 5,774 | 5,743 | ||
| Cost of revenue (Provision for Loan, Lease, and Other Losses) | (569) | (195) | (80) | (60) | (3,681) | (612) | ||
| Gross profit: | 4,810 | 5,343 | 5,611 | 5,914 | 2,093 | 5,131 | ||
| Operating expenses | (6,873) | (7,711) | (7,694) | (7,937) | (9,539) | (7,583) | ||
| Operating loss: | (2,063) | (2,368) | (2,083) | (2,023) | (7,446) | (2,452) | ||
| Nonoperating expense | (698) | (2,567) | (3,491) | (424) | (2,663) | (150) | ||
| Bank owned life insurance income | 202 | 197 | 192 | 187 | 134 | 144 | ||
| Interest and debt expense | (28,800) | (27,051) | (24,383) | (17,494) | (8,657) | (3,994) | ||
| Loss from continuing operations before equity method investments, income taxes: | (31,561) | (31,986) | (29,957) | (19,941) | (18,766) | (6,596) | ||
| Other undisclosed income from continuing operations before income taxes | 42,678 | 41,338 | 39,322 | 36,516 | 34,166 | 26,364 | ||
| Income from continuing operations before income taxes: | 11,117 | 9,352 | 9,365 | 16,575 | 15,400 | 19,768 | ||
| Income tax expense | (3,083) | (2,808) | (2,250) | (4,159) | (4,081) | (5,152) | ||
| Income from continuing operations: | 8,034 | 6,544 | 7,115 | 12,416 | 11,319 | 14,616 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 14,616 | |
| Net income attributable to parent: | 8,034 | 6,544 | 7,115 | 12,416 | 11,319 | 14,616 | ||
| Undistributed earnings (loss) allocated to participating securities, basic | (9) | (5) | (2) | (26) | (50) | (73) | ||
| Net income available to common stockholders, diluted: | 8,025 | 6,539 | 7,113 | 12,390 | 11,269 | 14,543 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 8,034 | 6,544 | 7,115 | 12,416 | 11,319 | 14,616 | ||
| Other comprehensive income (loss) | 5,840 | (2,784) | (2,074) | 2,103 | 1,520 | (6,538) | ||
| Comprehensive income, net of tax, attributable to parent: | 13,874 | 3,760 | 5,041 | 14,519 | 12,839 | 8,078 | ||
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.