Cambridge Bancorp reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported net interest income was USD 28.15 million compared to USD 40.89 million a year ago. Net income was USD 8.03 million compared to USD 11.32 million a year ago. Basic earnings per share from continuing operations was USD 1.02 compared to USD 1.45 a year ago. Diluted earnings per share from continuing operations was USD 1.02 compared to USD 1.44 a year ago.
For the full year, net interest income was USD 120.81 million compared to USD 143.22 million a year ago. Net income was USD 34.11 million compared to USD 52.91 million a year ago. Basic earnings per share from continuing operations was USD 4.35 compared to USD 7.35 a year ago. Diluted earnings per share from continuing operations was USD 4.34 compared to USD 7.3 a year ago.