Last $34.43 USD
Change Today -0.13 / -0.38%
Volume 1.5K
CNBKA On Other Exchanges
Symbol
Exchange
NASDAQ GS
OTC US
As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

century bancorp inc -cl a (CNBKA) Snapshot

Open
$34.52
Previous Close
$34.56
Day High
$34.52
Day Low
$33.56
52 Week High
08/2/13 - $37.80
52 Week Low
10/9/13 - $29.67
Market Cap
246.6M
Average Volume 10 Days
4.4K
EPS TTM
$2.89
Shares Outstanding
3.6M
EX-Date
04/29/14
P/E TM
11.9x
Dividend
$0.48
Dividend Yield
1.39%
Current Stock Chart for CENTURY BANCORP INC -CL A (CNBKA)

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century bancorp inc -cl a (CNBKA) Details

Century Bancorp, Inc. operates as the bank holding company for Century Bank and Trust Company, which provides banking products and services to commercial enterprises, state and local governments and agencies, nonprofit organizations, and individuals in Massachusetts. It offers various deposit products, including savings accounts, NOW accounts, demand deposits, time deposits, and money market accounts, as well as cash management accounts. The company also offers single and multi-family residential loans, commercial and industrial loans, commercial and residential real estate loans, construction and land development loans, home equity loans, and consumer loans. In addition, it provides automated lockbox collection, cash management, and account reconciliation services to corporate and institutional customers, as well as to the municipal market. Further, the company offers securities brokerage services; and financial services, such as cash management, transaction processing, and short-term financing to municipalities in Massachusetts and the Rhode Island. As of April 9, 2013, it operated 25 banking offices in 19 cities and towns in Massachusetts. The company was founded in 1969 and is headquartered in Medford, Massachusetts.

344 Employees
Last Reported Date: 03/13/14
Founded in 1969

century bancorp inc -cl a (CNBKA) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $709.0K
Founder, Chairman, Member of Executive Commit...
Total Annual Compensation: --
Chief Financial Officer, Treasurer, Chief Fin...
Total Annual Compensation: $351.7K
Head of Institutional Services Group and Exec...
Total Annual Compensation: $351.7K
Executive Vice President of Century Bank and ...
Total Annual Compensation: $402.8K
Compensation as of Fiscal Year 2013.

century bancorp inc -cl a (CNBKA) Key Developments

Century Bancorp Inc. Announces Quarterly Dividend, Payable on May 15, 2014

Century Bancorp Inc.'s Board of Directors voted a regular quarterly dividend of 12.00 cents ($0.12) per share on the company's Class A common stock, and 6.00 cents ($0.06) per share on the company's Class B common stock. The dividends were declared payable May 15, 2014 to stockholders of record on May 1, 2014.

Century Bancorp, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

Century Bancorp Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported net income of $4,932,000 or $0.89 per diluted class A share, an increase of 10.2% compared to net income of $4,476,000, or $0.81 per diluted class A share, for the same period a year ago. Total interest income was $21,131,000 compared to $19,137,000 last year. Income before income taxes was $5,225,000 compared to $4,764,000 last year. Net interest income totaled $16.5 million for the quarter ended March 31, 2014 compared to $14.5 million for the same period in 2013. The 13.5% increase in net interest income for the period is primarily due to an increase in average earning assets. Return on average assets, year-to-date was 0.57% compared to 0.58% last year. Return on average stockholders' equity, year-to-date was 11.13% compared to 10.08% last year. Book value per share was $32.77 compared to $32.58 per share last year. Tangible book value per share was $32.28 compared to $32.09 per share last year.

Century Bancorp Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Declares Quarterly Dividend, Payable on February 18, 2014

Century Bancorp Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company's total interest income was $20,947,000 compared to $19,738,000 a year ago. Net interest income was $16,105,000 compared to $14,943,000 a year ago. Net interest income after provision for loan losses was $15,645,000 compared to $14,043,000 a year ago. Income before income taxes was $5,141,000 compared to $4,917,000 a year ago. Net income was $5,025,000 compared to $4,778,000 a year ago. Earnings per average Class A share, diluted was $0.90 compared to $0.86 a year ago. For the year, the company's total interest income was $79,765,000 compared to $81,494,000 a year ago. Net interest income was $60,960,000 compared to $61,954,000 a year ago. The 1.6% decrease in net interest income for the period is primarily due to $3.3 million of prepayment penalties collected during 2012 compared to $491,000 for 2013. Net interest income after provision for loan losses was $58,250,000 compared to $57,804,000 a year ago. Income before income taxes was $21,053,000 compared to $20,431,000 a year ago. Net income was $20,046,000 compared to $19,039,000 a year ago. Earnings per average Class A share, diluted was $3.61 compared to $3.43 a year ago. Return on average assets was 0.60% compared to 0.65% a year ago. Return on average stockholders' equity was 11.58% compared to 11.06% a year ago. Book value per share as on December 31, 2013 was $31.76 compared to $32.40 a year ago. Tangible book value per share as on December 31, 2013 was $31.27 compared to $31.91 a year ago. The company's board of directors voted a regular quarterly dividend of 12 cents ($0.12) per share on the Class A common stock, and 6.00 cents ($0.06) per share on the Class B common stock. The dividends were declared payable February 18, 2014 to stockholders of record on February 3, 2014.

 

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Price/Book 1.1x
Price/Cash Flow 6.0x
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