Cambridge Bancorp's Merger Benefit Mostly Priced In [Seeking Alpha]
Cambridge Bancorp (CATC)
NASDAQ:AMEX Investor Relations:
ir.cambridgetrust.com
Company Research
Source: Seeking Alpha
Cambridge Bancorp's Merger Benefit Mostly Priced In Summary Acquisition of Optima Bank has increased Cambridge Bancorp's earning assets, which will lead to greater earnings going forward. The company's average yield is downward sticky, which is expected to drive NIM upwards in a declining interest rate environment. Cambridge Bancorp's non-interest income makes up a significant portion of its total revenue. Non-interest income is expected to decline till 1QFY20 due to the wealth management business. of Cambridge Bancorp ( CATC High Earning Assets to Boost CATC's earning assets received a boost in the second quarter upon completion of the company's acquisition of Optima Bank and Trust Company. The merger added $475.4 million in loans, which will keep interest income high going forward. For the remainder of 2019 and 2020, I'm expecting loans to increase at a normal organic growth rate of 1.0% every quarter on a linked quarter basis. The table below shows my estimates for key balance sh
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