Cambridge Bancorp reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 28.65 million compared to USD 36.28 million a year ago. Net income was USD 6.54 million compared to USD 14.62 million a year ago. Basic earnings per share from continuing operations was USD 0.83 compared to USD 2.09 a year ago. Diluted earnings per share from continuing operations was USD 0.83 compared to USD 2.07 a year ago.
For the nine months, net interest income was USD 92.66 million compared to USD 102.33 million a year ago. Net income was USD 26.08 million compared to USD 41.59 million a year ago. Basic earnings per share from continuing operations was USD 3.33 compared to USD 5.94 a year ago. Diluted earnings per share from continuing operations was USD 3.32 compared to USD 5.9 a year ago.