Australia Markets open in 3 hrs 27 mins

Cambridge posts 3Q profit

CAMBRIDGE, Mass. (AP) _ Cambridge Bancorp (CATC) on Thursday reported third-quarter profit of $5 million.

The Cambridge, Massachusetts-based bank said it had earnings of $1.22 per share.

The bank posted revenue of $23.7 million in the period. Its adjusted revenue was $22.6 million.

Cambridge shares have increased 13 percent since the beginning of the year. The stock has increased 35 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CATC at https://www.zacks.com/ap/CATC