Investor Presentaiton
| Overview of Merger with Northmark Bank
ā
Transaction Rationale
Strategic expansion into attractive, affluent North
Andover, Andover and Winchester markets through a
combination with a high-quality local bank
Financially compelling transaction
Approximately 5.8% accretive to Cambridge
2023 earnings per share (1)
Low integration and execution risk, reflecting cultural
compatibility
Asset-sensitive through both low-cost long-
term deposit base and sizable cash position
Affluent Markets of Operation
(3)
Winchester and Andover are among the most affluent markets in Greater Boston
$104
$93
$94
Boston-Cambridge-Newton Manchester-Nashua MSA
MSA
CAMBRIDGE
BANCORP
$191
$136
$72
Portsmouth, NH
Winchester, MA
Andover, MA
National Avg.
NORTHMARK
BANK
Announced Transaction Overview
Announcement Date:
Transaction Value (2):
Price/Tang. Book Value (2).
Price / LTM Core Earnings per Share (2):
2023 EPS Impact (1):
Tang. Book Value Impact:
Tang. Book Value Earnback (Crossover):
Northmark Profile (4)
5/23/2022
Headquarters:
North Andover, MA
$63 mm
Founded:
1987
118%
Assets:
$428 mm
11.2X
Gross Loans:
$316 mm
5.8% Accr.
Deposits:
$365 mm
1.7% Dil.
2.25 Years
Common Equity:
$55 mm
LTM Net Income:
$3.9 mm
CAMBRIDGE BANCORP
20
(1) Based on mean consensus analyst earnings estimates for 2023 as of May 23, 2022. (3)Data as of June 30, 2021; HHI data is not available for North Andover, MA.
(2) Based on CATC closing price of $79.94 as of May 20, 2022.
(4) Northmark Bank information as of June 30, 2022.View entire presentation