Benzinga | Jul 28, 2020 09:42AM EDT

Cambridge: Q2 Earnings Insights

Shares of Cambridge (NASDAQ:CATC) ros0.1% after the company reported Q2 results.

Quarterly Results

Earnings per share decreased 10.20% over the past year to $1.32, which beat the estimate of $0.67.

Revenue of $37,761,000 higher by 35.24% year over year, which beat the estimate of $34,200,000.

Outlook

Cambridge hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Recent Stock Performance

52-week high: $82.80

Company's 52-week low was at $44.20

Price action over last quarter: Up 11.90%

Company Description

Cambridge Bancorp operates as a bank. It offers banking services such as deposit accounts, online and mobile banking, business banking, residential lending, wealth planning and others. The bank generates its revenue in the form of interests.