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In what may prove to be one of its final quarters as an independent bank, Cambridge Trust reported its net income fell 6 percent year-over-year.

The bank announced its third-quarter financial results Oct. 17, but did not schedule an earnings call with investment analysts to discuss its results. The bank has agreed to be bought by Boston-based Eastern Bank in an all-stock transaction scheduled to close in the first quarter of 2024, pending regulatory and shareholder approval.

Cambridge Trust said its third-quarter unaudited net income was $6.5 million, down 8 percent quarter-over-quarter and 6 percent less than it reported in the third quarter of 2022.

Operating net income, which excludes expenses like those related to its pending merger, was $9.1 million for the third quarter, down 6 percent quarter-over-quarter.

Diluted earnings per share for the quarter was $0.83, an 8.8 percent drop over the previous quarter.

Cambridge Trust is only one of two of the publicly-traded local banks that have filed third-quarter earnings so far this month, but Hingham Institution for Savings also reported lower income. Hingham IFS saw net income falling to $3.29 million or $1.50 per share diluted in the third quarter from $10.5 million or $4.77 per share diluted for the same quarter last year.