Cambridge Bancorp reports Q4 operating EPS $1.92, consensus $2.05

Tangible book value per share at December 31, 2022, increased to $57.15 from $55.95 at September 30, 2022. "I am pleased with how we managed through 2022, which proved to be a challenging period of volatility in equity markets and interest rates. While we see evidence of an economic slowdown in 2023, we feel well prepared with continued strength in asset quality and capital levels. I am also pleased to announce a 5% increase to the company’s dividend," noted Denis Sheahan, CEO.