Century Bancorp Inc. (NASDAQ:CNBKA) 3Q19 Profit Up 19%; Board Authorize Dividend

Century Bancorp Inc. (NASDAQ:CNBKA) reported third quarter earnings after market close today.

On a GAAP basis, CNBKA reported net income of $ 9.58 million or $ 1.72 per share, compared with income of $ 8.03 million or $ 1.44 per share, a year ago period.

Headquartered in Medford, Massachusetts, CNBKA recorded net interest income that rose 9% to $ 23.20 million from $ 21.35 million in the same quarter last year.

The Board of Directors voted a regular quarterly dividend of 12 cents per share on the Class A common stock, and 6 cents per share on the Class B common stock. The dividends were declared payable November 15, 2018 to stockholders of record on November 1, 2018.

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