Century Bancorp, Inc. (OQ:CNBKA)

Sector:  Financials Industry:  Banks
See Regulatory Filings on SEC
Company Contact
Address: 400 Mystic Ave
MEDFORD MA 02155-6316
Tel: N/A
Website: investors.centurybank.com
IR: See website
Key People
Barry R. Sloane
Chairman of the Board, President and Chief Executive Officer, Century Bancorp, Inc. and Century Bank and Trust Company
Linda Sloane Kay
Vice Chair of the Board, Century Bancorp, Inc., and Century Bank and Trust Company
William P. Hornby
Chief Financial Officer, Treasurer of the Company and Century Bank and Trust Company
Paul A. Evangelista
Executive Vice President of Century Bank and Trust Company
Brian J. Feeney
Executive Vice President of Century Bank and Trust Company
David B. Woonton
Executive Vice President of Century Bank and Trust Company
Business Overview
Century Bancorp, Inc. is a state-chartered bank holding company. The Company has a banking subsidiary: Century Bank and Trust Company (the Bank). The Company offers a range of services to commercial enterprises, state and local Governments and agencies, non-profit organizations and individuals. It operates approximately 30 banking offices in 20 cities and towns in Massachusetts, ranging from Braintree in the south to Andover in the north. The Bank's customers consist primarily of small and medium-sized businesses and retail customers, as well as local governments and institutions throughout Massachusetts, New Hampshire, Rhode Island, Connecticut and New York. It provides commercial loans; real estate and construction loans, and consumer loans, and accepts savings, time and demand deposits. In addition, it offers automated lock box collection services, cash management services and account reconciliation services to its corporate and institutional customers.
Financial Overview
For the three months ended 31 March 2021, CenturyBancorp, Inc. interest income decreased 11% to $35.5M. Netinterest income after loan loss provision increased 16% to$29.1M. Net income increased 11% to $10.8M. Net interestincome after loan loss provision reflects increase ininterest earning assets and decrease in interest bearingliabilities. Net income was partially offset by Otherincrease of 34% to $6M (expense).
Employees: 418 as of Dec 31, 2020
Reporting Currency: U.S. Dollars
Enterprise value: $566.82M as of Mar 31, 2021
Annual revenue (TTM): $144.77M as of Mar 31, 2021
Net annual income (TTM): $43.31M as of Mar 31, 2021
Free cash flow (TTM): N/A
Net Debt Last Fiscal Year: $148.60M as of Mar 31, 2021
Shares outstanding: 5,567,909 as of Mar 31, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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