Last $36.39 USD
Change Today +0.24 / 0.66%
Volume 1.9K
CNBKA On Other Exchanges
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As of 8:10 PM 10/20/14 All times are local (Market data is delayed by at least 15 minutes).

century bancorp inc -cl a (CNBKA) Snapshot

Open
$36.62
Previous Close
$36.15
Day High
$36.62
Day Low
$35.93
52 Week High
07/9/14 - $38.88
52 Week Low
11/1/13 - $31.51
Market Cap
202.3M
Average Volume 10 Days
5.5K
EPS TTM
$3.02
Shares Outstanding
3.6M
EX-Date
10/30/14
P/E TM
12.0x
Dividend
$0.48
Dividend Yield
1.32%
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 that 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, money market accounts, and cash management accounts. The company also grants single and multi-family residential loans, commercial and industrial loans, commercial and residential real estate loans, home equity loans, and consumer loans, as well as construction and land development 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 transaction processing and short-term financing to municipalities in Massachusetts, New Hampshire, and the Rhode Island. As of April 8, 2014, it operated 26 full-service branches in the Greater Boston area. 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. Declares Quarterly Dividends, Payable on November 17, 2014; Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

The board of directors of Century Bancorp Inc. voted a regular quarterly dividend of 12.00 cents per share on the company's Class A common stock, and 6.00 cents per share on the company's Class B common stock. The dividends were declared payable November 17, 2014 to stockholders of record on November 3, 2014. The company reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company announced total interest income of $21,624,000 compared to $20,549,000 for the same period a year ago. Net interest income was $16,745,000 compared to $15,798,000 for the same period a year ago. Income before income taxes was $5,927,000 compared to $5,827,000 for the same period a year ago. Net income was $5,706,000 compared to $5,519,000 for the same period a year ago. Earnings per average class A share, diluted was $1.03 compared to $0.99 for the same period a year ago. For the nine months, the company announced total interest income of $64,309,000 compared to $58,818,000 for the same period a year ago. Net interest income was $50,013,000 compared to $44,855,000 for the same period a year ago. Income before income taxes was $16,982,000 compared to $15,912,000 for the same period a year ago. Net income was $16,237,000 compared to $15,021,000 for the same period a year ago. Earnings per average class A share, diluted was $2.92 compared to $2.70 for the same period a year ago. Return on average assets was 0.60% compared to 0.62% for the same period a year ago. Return on average stockholders' equity, was 11.68% compared to 11.51% for the same period a year ago. Book value per share was $35.14 compared to $29.93 for the same period a year ago. Tangible book value per share was $34.65 compared to $29.44 for the same period a year ago. The 11.5% increase in net interest income for the period is primarily due to an increase in average earning assets. The net interest margin increased from 2.21% on a fully taxable equivalent basis in 2013 to 2.23% on the same basis for 2014. This was primarily the result of a decrease in rates paid on deposits and borrowed funds.

Century Bancorp Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months June 30, 2014

Century Bancorp Inc. announced unaudited consolidated earnings results for the second quarter and six months June 30, 2014. For the quarter ended June 30, 2014, net income totaled $5,599,000 or $1.01 per Class A share diluted, an increase of 11.4% compared to net income of $5,026,000, or $0.90 per Class A share diluted, for the same period a year ago. Net interest income was $16,754,000 against $14,512,000 a year ago. Total other operating income was $3,615,000 against $5,221,000 a year ago. Income before income taxes was $5,830,000 against $5,321,000 a year ago. The company announced net income of $10,531,000 for the six months ended June 30, 2014, or $1.89 per Class A share diluted, an increase of 10.8% compared to net income of $9,502,000, or $1.71 per Class A share diluted, for the same period a year ago. Net interest income totaled $33.3 million for the six months ended June 30, 2014 compared to $29.1 million for the same period in 2013. The 14.5% increase in net interest income for the period is primarily due to an increase in average earning assets. Total other operating income was $7,085,000 against $9,655,000 a year ago. Income before income taxes was $11,055,000 against $10,085,000 a year ago. Return on average assets, year-to-date was 0.59% against 0.60% a year ago. Return on average stockholders' equity was 11.61% against 10.71% a year ago. Book value per share was $33.88 against $29.92 a year ago. Tangible book value per share was $33.39 against $29.43 a year ago.

Century Bancorp, Inc. Announces Regular Dividend Declared, Payable on August 15, 2014

Century Bancorp Inc. announced that the Company'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 on August 15, 2014 to stockholders of record on August 1, 2014.

 

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Price/Cash Flow 6.1x
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