Cambridge Bancorp Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Denis Sheahan

Chief executive officer

US$1.8m

Total compensation

CEO salary percentage	32.4%
CEO tenure	9yrs
CEO ownership	0.7%
Management average tenure	1.8yrs
Board average tenure	8.5yrs

Recent management updates

Recent updates

Cause For Concern? One Analyst Thinks Cambridge Bancorp's (NASDAQ:CATC) Revenues Are Under Threat

Apr 24

Cambridge Bancorp's (NASDAQ:CATC) Upcoming Dividend Will Be Larger Than Last Year's

Apr 28

Cambridge Bancorp (NASDAQ:CATC) Will Pay A Larger Dividend Than Last Year At US$0.61

Oct 22

Cambridge Bancorp's (NASDAQ:CATC) Dividend Will Be Increased To US$0.61

Jul 23

Increases to CEO Compensation Might Be Put On Hold For Now at Cambridge Bancorp (NASDAQ:CATC)

May 11

With EPS Growth And More, Cambridge Bancorp (NASDAQ:CATC) Is Interesting

Apr 29

CEO Compensation Analysis

How has Denis Sheahan's remuneration changed compared to Cambridge Bancorp's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$29m
Dec 31 2023	US$2m	US$591k	US$34m
Sep 30 2023	n/a	n/a	US$37m
Jun 30 2023	n/a	n/a	US$45m
Mar 31 2023	n/a	n/a	US$52m
Dec 31 2022	US$2m	US$591k	US$53m
Sep 30 2022	n/a	n/a	US$55m
Jun 30 2022	n/a	n/a	US$53m
Mar 31 2022	n/a	n/a	US$54m
Dec 31 2021	US$2m	US$565k	US$54m
Sep 30 2021	n/a	n/a	US$54m
Jun 30 2021	n/a	n/a	US$54m
Mar 31 2021	n/a	n/a	US$38m
Dec 31 2020	US$2m	US$558k	US$32m
Sep 30 2020	n/a	n/a	US$26m
Jun 30 2020	n/a	n/a	US$20m
Mar 31 2020	n/a	n/a	US$26m
Dec 31 2019	US$2m	US$508k	US$25m
Sep 30 2019	n/a	n/a	US$23m
Jun 30 2019	n/a	n/a	US$22m
Mar 31 2019	n/a	n/a	US$24m
Dec 31 2018	US$2m	US$493k	US$24m
Sep 30 2018	n/a	n/a	US$19m
Jun 30 2018	n/a	n/a	US$18m
Mar 31 2018	n/a	n/a	US$16m
Dec 31 2017	US$1m	US$479k	US$15m

Compensation vs Market: Denis's total compensation ($USD1.82M) is about average for companies of similar size in the US market ($USD2.37M).

Compensation vs Earnings: Denis's compensation has been consistent with company performance over the past year.

CEO

Denis Sheahan (57 yo)

9yrs

Tenure

US$1,823,987

Compensation

Mr. Denis K. Sheahan serves as Chairman and Chief Executive Officer of Cambridge Trust Company and Cambridge Bancorp. since April 27, 2015. He serves as President of Cambridge Trust Company and Cambridge B...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Denis Sheahan	Chairman	9yrs	US$1.82m	0.65% $ 3.3m
Joseph Sapienza	Interim CFO	less than a year	US$613.59k	0.090% $ 450.3k
Puneet Nevatia	Senior VP & Chief Information Officer	no data	US$648.34k	0.079% $ 395.0k
Kerri Mooney	Senior VP & Chief Deposit Officer	5.8yrs	US$666.76k	0.065% $ 324.2k
Daniel Morrison	CEO of New Hampshire Market & Director	no data	US$83.79k	0.53% $ 2.7m
Jeffrey Smith	Executive VP & Head of Wealth Management	less than a year	US$1.26m	0% $ 0
Danielle Remis Hackel	Senior VP & Chief Marketing Officer	2.3yrs	no data	0.028% $ 141.8k
Pilar Pueyo	Senior VP & Director of Human Resources	no data	no data	0.066% $ 328.4k
John Sullivan	Senior VP & Director of Consumer Lending	5.8yrs	no data	0.067% $ 336.3k
John Traynor	President of Cambridge Trust Wealth Management-Connecticut	1.8yrs	no data	no data
Steven Mead	Senior VP & Chief Commercial Banking Officer	1.3yrs	no data	0.050% $ 251.7k
Peter Halberstadt	Senior VP & Chief Credit Officer	1.3yrs	no data	0.067% $ 337.3k

1.8yrs

Average Tenure

54yo

Average Age

Experienced Management: CATC's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Denis Sheahan	Chairman	9yrs	US$1.82m	0.65% $ 3.3m
Daniel Morrison	CEO of New Hampshire Market & Director	4.9yrs	US$83.79k	0.53% $ 2.7m
R. Stone	Independent Director	14.5yrs	US$85.35k	0.14% $ 682.1k
Jeanette Clough	Independent Director	16.3yrs	US$81.79k	0.090% $ 448.4k
Cathleen Schmidt	Independent Director	8yrs	US$93.60k	0.062% $ 310.1k
Pamela Hamlin	Independent Director	4.8yrs	US$91.04k	0.035% $ 174.4k
Hambleton Lord	Lead Independent Director	12.3yrs	US$101.59k	0.090% $ 451.2k
Leon Palandjian	Independent Director	18.3yrs	US$90.64k	0.22% $ 1.1m
Simon Gerlin	Independent Director	3.8yrs	US$84.20k	0.069% $ 347.2k
Thomas DeSimone	Advisory Board Member	no data	no data	no data
Kathryn Hinderhofer	Independent Director	3.8yrs	US$88.54k	0.080% $ 399.5k
Christopher Collins	Advisory Board Member	no data	no data	no data

8.5yrs

Average Tenure

63yo

Average Age

Experienced Board: CATC's board of directors are considered experienced (8.5 years average tenure).

Cambridge Bancorp Management

Management criteria checks 3/4

Key information

Recent management updates

Senior VP & Director of Human Resources notifies of intention to sell stock

Independent Director recently sold US$241k worth of stock

Cambridge Bancorp Resignation of Michael F. Carotenuto as Chief Financial Officer

Lead Independent Director recently bought US$52k worth of stock

Executive Officer recently sold US$104k worth of stock

Cambridge Bancorp Announces Executive Changes

Recent updates

Consensus revenue estimates fall by 21%

Cause For Concern? One Analyst Thinks Cambridge Bancorp's (NASDAQ:CATC) Revenues Are Under Threat

New minor risk - Profit margin trend

Cambridge Bancorp Announces Net Loan Charge-Offs for the Three Months Ended March 31, 2024

Cambridge Bancorp to Report Q1, 2024 Results on Apr 23, 2024

Senior VP & Director of Human Resources notifies of intention to sell stock

Independent Director recently sold US$241k worth of stock

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Consensus EPS estimates increase by 17%, revenue downgraded

Fourth quarter dividend of US$0.67 announced

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Cambridge Bancorp Declares Quarterly Dividend, Payable on February 22, 2024

Price target increased by 8.1% to US$75.42

Cambridge Bancorp to Report Q4, 2023 Results on Jan 30, 2024

Upcoming dividend of US$0.67 per share at 4.8% yield

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Cambridge Bancorp Declares Quarterly Cash Dividend, Payable on November 16, 2023

Now 21% undervalued

Cambridge Bancorp to Report Q3, 2023 Results on Oct 17, 2023

Price target increased by 14% to US$69.77

Eastern Bankshares, Inc. (NasdaqGS:EBC) entered into a definitive merger agreement to acquire Cambridge Bancorp (NasdaqCM:CATC) from shareholders for approximately $530 million.

Investor sentiment improves as stock rises 20%

Now 21% undervalued

Upcoming dividend of US$0.67 per share at 4.5% yield

Cambridge Bancorp Declares Quarterly Cash Dividend, Payable on August 17, 2023

New major risk - Revenue and earnings growth

Second quarter 2023 earnings released: EPS: US$0.91 (vs US$1.95 in 2Q 2022)

Cambridge Bancorp to Report Q2, 2023 Results on Jul 18, 2023

Now 22% undervalued after recent price drop

Cambridge Bancorp Resignation of Michael F. Carotenuto as Chief Financial Officer

Investor sentiment improves as stock rises 16%

First quarter 2023 earnings released: EPS: US$1.59 (vs US$1.91 in 1Q 2022)

Lead Independent Director recently bought US$52k worth of stock

Cambridge Bancorp's (NASDAQ:CATC) Upcoming Dividend Will Be Larger Than Last Year's

Investor sentiment deteriorates as stock falls 16%

Full year 2022 earnings: EPS exceeds analyst expectations

Investor sentiment deteriorates as stock falls 18%

Price target decreased by 7.8% to US$90.67

Executive Officer recently sold US$104k worth of stock

Upcoming dividend of US$0.67 per share at 3.4% yield

Consensus EPS estimates fall by 10%

Cambridge Bancorp's (NASDAQ:CATC) Dividend Will Be Increased To $0.67

Cambridge Bancorp Declares Quarterly Cash Dividend, Payable on February 23, 2023

Full year 2022 earnings: EPS exceeds analyst expectations

Cambridge Bancorp to Report Q4, 2022 Results on Jan 24, 2023

Cambridge Bancorp Announces Executive Changes

Insider recently sold US$103k worth of stock

Upcoming dividend of US$0.64 per share

Third quarter 2022 earnings: EPS exceeds analyst expectations

Cambridge Bancorp Declares Quarterly Dividend, Payable on November 17, 2022

Cambridge Bancorp declares $0.64 dividend

Cambridge Bancorp Announces Andy Zelleke to Join Its Board of Directors

Cambridge Bancorp Announces Executive Changes

Upcoming dividend of US$0.64 per share

Cambridge Trust announces $12M financing facility to hydroponic farming firm

Cambridge Bancorp Declares Quarterly Cash Dividend, Payable on August 18, 2022

Second quarter 2022 earnings: EPS exceeds analyst expectations

Cambridge Bancorp declares $0.64 dividend

Cambridge Bancorp Announces John Traynor as President of Cambridge Trust Wealth Management-Connecticut

Cambridge Bancorp to Report Q2, 2022 Results on Jul 19, 2022

Cambridge Bancorp and Cambridge Trust Company Appoint Jane C. Walsh to the Board of Directors

Now 20% undervalued after recent price drop

First quarter 2022 earnings: EPS exceeds analyst expectations

Upcoming dividend of US$0.64 per share

Is Now The Time To Put Cambridge Bancorp (NASDAQ:CATC) On Your Watchlist?

Cambridge Bancorp Declares Quarterly Cash Dividend, Payable on May 19, 2022

Cambridge Bancorp to Report Q1, 2022 Results on Apr 20, 2022

Now 20% undervalued after recent price drop

Full year 2021 earnings: Revenues and EPS in line with analyst expectations