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Private company

CAMBRIDGE BANCORP

State commercial bank1

In its 2024 annual report the company says: “The Company is a Massachusetts corporation formed in 1983 and has one bank subsidiary, Cambridge Trust Company, formed in 1890.”4

Last updated Oct 21, 2026.

Overview

  • IndustryState Commercial Banks1
  • HeadquartersCambridge, Massachusetts1
  • Business address1336 Massachusetts Avenue, Cambridge, Ma 021382
  • Filer categoryAccelerated filer2

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Cambridge Bancorp (together with its bank subsidiary, unless the context otherwise requires, the “Company”) is a Massachusetts state-chartered, federally registered bank holding company headquartered in Cambridge, Massachusetts. The Company is a Massachusetts corporation formed in 1983 and has one bank subsidiary, Cambridge Trust Company (the “Bank”), formed in 1890. On October 18, 2017, shares of the Company’s common stock commenced trading on the NASDAQ Stock Market under the symbol CATC. Prior to this date, the Company’s shares traded on the over-the-counter market. As of December 31, 2023, the Company had total assets of approximately $5.4 billion. Currently, the Bank operates 22 banking offices in Eastern Massachusetts and New Hampshire. As a private bank, we focus on three core services that center around client needs. The Company’s core services include Wealth Management, Commerci…4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income56789$34.1M in 2023+130% since 2017
0$20.0M$40.0M$60.0M2017: $14.8M$14.8M20172018: $23.9M$23.9M2018+61%2019: $25.3M$25.3M2019+6%2020: $32.0M$32.0M2020+27%2021: $54.0M$54.0M2021+69%2022: $52.9M$52.9M2022−2%2023: $34.1M$34.1M2023−36%
Fiscal year20172018201920202021202220232024
Interest$3.6M5$5.5M6$17.6M7$9.1M8$5.5M9$16.8M9$97.7M9
Income before tax$73.1M9$72.0M9$46.4M9
Income tax$13.4M5$7.2M6$8.7M7$11.4M8$19.1M9$19.1M9$12.3M9
Net income$14.8M5$23.9M6$25.3M7$32.0M8$54.0M9$52.9M9$34.1M9
Earnings per share$3.645$5.826$5.417$5.078$7.769$7.359$4.359
Earnings per share (diluted)$3.615$5.776$5.377$5.038$7.699$7.309$4.349
Shares (weighted, basic)6.9M shares97.2M shares97.8M shares9
Shares (weighted, diluted)7.0M shares97.2M shares97.8M shares9

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Corporate structure

CAMBRIDGE BANCORP sits at the top of its group. 5 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of CAMBRIDGE BANCORP

  • VANGUARD GROUP INC Filed SC 13G on CAMBRIDGE BANCORP, latest Feb 13, 2024
  • BlackRock Filed SC 13G/A on CAMBRIDGE BANCORP, latest Jan 25, 2024 (3 filings since Feb 1, 2022)
  • CAMBRIDGE BANCORP Cambridge, Massachusetts
    • Cambridge Trust Company Subsidiary · Massachusetts, United States
    • Cambridge Trust Company of New Hampshire, Inc. Subsidiary · New Hampshire, United States
    • CTC Security Corporation Subsidiary · Massachusetts, United States
    • CTC Security Corporation III Subsidiary · Massachusetts, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What CAMBRIDGE BANCORP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$50.6M9 Dec 31, 2023$49.2M9 Dec 31, 2022+2.9%
Accumulated depreciation$28.8M9 Dec 31, 2023$25.9M9 Dec 31, 2022+11.5%
Property and equipment, net$21.8M9 Dec 31, 2023$23.3M9 Dec 31, 2022−6.6%
Operating-lease assets (leased space)$23.2M9 Dec 31, 2023$25.1M9 Dec 31, 2022−7.4%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$33.0M9 Dec 31, 2023$30.7M9 Dec 31, 2022+7.4%
Debt securities available for sale$137.8M9 Dec 31, 2023$153.4M9 Dec 31, 2022−10.2%
Debt securities held to maturity$959.3M9 Dec 31, 2023$1.1B9 Dec 31, 2022−8.8%
Loans, net of allowance$4.0B9 Dec 31, 2023$4.0B9 Dec 31, 2022−1.1%
Deposits held (banks)$4.3B9 Dec 31, 2023$4.8B9 Dec 31, 2022−10.3%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$64.5M9 Dec 31, 2023$64.5M9 Dec 31, 20220%
Intangible assets, net (excluding goodwill)$6.5M9 Dec 31, 2023$7.4M9 Dec 31, 2022−12.0%

Leadership

Who has led CAMBRIDGE BANCORP, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Denis K. Sheahan2017–2024
  2. Daniel R. Morrison2019

Chair

  1. Denis K. Sheahan2017–2024

Chief financial officer

  1. Michael Carotenuto2017–2023
  2. Joseph P. Sapienza2023–2024
20202025
Board members and other officers (33)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • CTC Security Corporation Massachusetts3
  • CTC Security Corporation III Massachusetts3
  • Cambridge Trust Company Massachusetts3
  • Cambridge Trust Company of New Hampshire, Inc. New Hampshire3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Jul 15, 20248-K Completed an acquisition or sale; Listing notice or transfer; Change to shareholders' rights51
  2. May 28, 20248-K Other events52
  3. Apr 23, 20248-K Results of operations53
  4. Apr 23, 20248-K Regulation FD disclosure54
  5. Feb 28, 20248-K Shareholder vote55
  6. Feb 21, 20248-K Other events56
  7. Jan 30, 20248-K Results of operations57
  8. Jan 22, 20248-K Other events58
  9. Dec 19, 20238-K Other events59
  10. Oct 17, 20238-K Results of operations60
  11. Sep 19, 20238-K Entered a material agreement; Executive or director change; Other events61
  12. Jul 18, 20238-K Regulation FD disclosure62
  13. Apr 26, 2019New chief executive Daniel R. Morrison becomes CEO15
  14. Oct 17, 2017New chief executive Denis K. Sheahan becomes CEO16

Calendar

When it reported results

  1. Apr 23, 2024Reported quarterly or annual results53
  2. Jan 30, 2024Reported quarterly or annual results57
  3. Oct 17, 2023Reported quarterly or annual results60
  4. Jul 18, 2023Reported quarterly or annual results63
  5. Apr 25, 2023Reported quarterly or annual results64
  6. Jan 24, 2023Reported quarterly or annual results65
  7. Oct 18, 2022Reported quarterly or annual results66
  8. Jul 19, 2022Reported quarterly or annual results67

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

266 filings to the SEC since October 2021: 3 annual reports, 8 quarterly reports, 39 major events, 174 insider forms, 4 large holders, 38 other. The latest 20:

  1. Jul 26, 202415-12G EDGAR
  2. Jul 16, 2024EFFECT EDGAR
  3. Jul 15, 202425-NSE EDGAR
  4. Jul 15, 2024S-8 POS EDGAR
  5. Jul 15, 2024POS AM EDGAR
  6. Jul 15, 20248-K EDGAR
  7. Jul 15, 20244 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  8. Jul 15, 20244 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  9. Jul 15, 20244 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  10. Jul 15, 20244 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  11. Jul 15, 20244 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  12. Jul 15, 20244 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  13. Jul 15, 20244 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  14. Jul 15, 20244 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  15. Jul 15, 20244 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  16. Jul 15, 20244 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  17. Jul 15, 20244 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  18. Jul 15, 20244 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  19. Jul 15, 20244 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  20. Jul 15, 20244 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR

The 266 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

17 open-market trades by officers, directors and large owners since October 2021: 9 buys and 8 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 14, 2024Pueyo PilarSVP / Director of HRSale1,313$63.80$83.8KForm 4
Mar 13, 2024Stone Robert Gregg IIIDirectorSale3,669$65.73$241.2KForm 4
Jun 13, 2023Gerlin Simon RDirectorBuy100$59.03$5.9KForm 4
May 3, 2023Stone Robert Gregg IIIDirectorBuy1,000$47.50$47.5KForm 4
May 2, 2023Stone Robert Gregg IIIDirectorBuy1,000$50.49$50.5KForm 4
May 2, 2023SHEAHAN DENIS KChairman and CEOBuy500$46.90$23.4KForm 4
May 1, 2023Lord Hambleton DouglasDirectorBuy1,000$51.94$51.9KForm 4
Mar 14, 2023Carotenuto MichaelSVP / CFOBuy144$69.40$10.0KForm 4
Mar 14, 2023SHEAHAN DENIS KChairman and CEOBuy1,000$68.00$68.0KForm 4
Mar 14, 2023Gerlin Simon RDirectorBuy149$67.23$10.0KForm 4
Feb 14, 2023Millane Martin BEVP / Chief Lending OffSale677$85.00$57.5KForm 4
Feb 13, 2023Millane Martin BEVP / Chief Lending OffSale3,912$85.00$332.5KForm 4
Feb 10, 2023Millane Martin BEVP / Chief Lending OffSale896$85.00$76.2KForm 4
Feb 7, 2023Millane Martin BEVP / Chief Lending OffSale1,226$85.00$104.2KForm 4
Nov 11, 2022Millane Martin BEVP / Chief Lending OffSale1,116$92.00$102.7KForm 4
May 26, 2022Gerlin Simon RDirectorBuy118$83.65$9.9KForm 4
Feb 3, 2022Mooney KerriSVP Dir. of Banking OfficesSale112$89.13$10.0KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How CAMBRIDGE BANCORP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCAMBRIDGE BANCORP1
  • CIK0000711772
  • Employer ID (EIN)04-27774421
  • Filer statusAccelerated filer1
  • Fiscal year endsDecember 311
  • Industry code (SIC)6022 State Commercial Banks1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address1336 Massachusetts Avenue, Cambridge, MA 021381
  • Phone617-876-55001
  • Shares outstanding7,847,656 as of May 3, 202412
  • Public float$391.7M as of Jun 30, 20239
  • On EDGAR sinceAug 9, 20171
  • Filings589 in all: 4 (326), 8-K (101), 3 (41), 10-Q (20), 425 (12), CORRESP (9), UPLOAD (9), 4/A (8)1
    All 32 form types

    EFFECT (8), 10-K (7), DEF 14A (6), S-4/A (4), SC 13G/A (4), 424B3 (3), POS AM (3), S-4 (3), SC 13G (3), 10-12B/A (2), 144 (2), 3/A (2), 424B5 (2), 8-K/A (2), DEFA14A (2), S-3 (2), 10-12B (1), 15-12G (1), 25-NSE (1), 5 (1), ARS (1), DEFM14A (1), S-8 (1), S-8 POS (1)

  • Latest filingsAnnual report (10-K) Mar 12, 2024
    Quarterly report (10-Q) May 9, 2024
    Proxy statement (DEF 14A) Mar 16, 2023
    Latest 8-K (8-K) Jul 15, 2024

Sources

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