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Century Bancorp: 4Q Earnings Snapshot

MEDFORD, Mass. (AP) _ Century Bancorp Inc. (CNBKA) on Tuesday reported net income of $9.9 million in its fourth quarter.

The bank, based in Medford, Massachusetts, said it had earnings of $1.78 per share.

The bank posted revenue of $41.6 million in the period. Its revenue net of interest expense was $27.9 million, which beat Street forecasts.

For the year, the company reported profit of $36.2 million, or $6.50 per share. Revenue was reported as $108.8 million.

Century Bancorp shares have climbed 7 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $72.60, a decrease of slightly more than 9 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CNBKA at https://www.zacks.com/ap/CNBKA