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century bancorp inc -cl a (CNBKA) Key Developments

Century Bancorp Inc. expected to report Fiscal Year 2014 results on January 26, 2015. This event was calculated by Capital IQ (Created on January 22, 2015).

Century Bancorp Inc. expected to report Fiscal Year 2014 results on January 26, 2015. This event was calculated by Capital IQ (Created on January 22, 2015).

Century Bancorp Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Announces Regular Quarterly Dividend on Class A Common Stock and Class B Common Stock, Payable on February 17, 2015

Century Bancorp Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company's total interest income was $21,062,000 compared to $20,947,000 a year ago. Net interest income was $16,222,000 compared to $16,105,000 a year ago. Net interest income after provision for loan losses was $15,822,000 compared to $15,645,000 a year ago. Income before income taxes was $5,744,000 compared to $5,141,000 a year ago. Net income was $5,623,000 compared to $5,025,000 a year ago. Earnings per average Class A share, diluted was $1.01 compared to $0.90 a year ago. For the year, the company's total interest income was $85,371,000 compared to $79,765,000 a year ago. Net interest income was $66,235,000 compared to $60,960,000 a year ago. The 8.7% increase in net interest income for the period is primarily due to an increase in average earning assets. Net interest income after provision for loan losses was $64,185,000 compared to $58,250,000 a year ago. Income before income taxes was $22,726,000 compared to $21,053,000 a year ago. Net income was $21,860,000 compared to $20,046,000 a year ago. Earnings per average Class A share, diluted was $3.93 compared to $3.61 a year ago. Return on average assets was 0.61% compared to 0.60% a year ago. Return on average stockholders' equity was 11.57% compared to 11.58% a year ago. Book value per share as on December 31, 2014 was $34.57 compared to $31.76 a year ago. Tangible book value per share as on December 31, 2014 was $34.09 compared to $31.27 a year ago. The board of directors of the company 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 February 17, 2015 to stockholders of record on February 2, 2015.

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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