In the Q3, Century Bancorp Inc 's corporate clients experienced a reduction by -6.62 % in their costs of revenue, compared to a year ago, sequentially costs of revenue were trimmed by -16.87 %. During the corresponding time, Century Bancorp Inc recorded a revenue increase by 13.57 % year on year, sequentially revenue grew by 1.92 %. While revenue at the Century Bancorp Inc 's corporate clients recorded rose by 17.86 % year on year, sequentially revenue grew by 9.74 %.
Customers of Century Bancorp Inc saw their costs of revenue decrease by -6.62 % in Q3 compare to a year ago, sequentially costs of revenue were trimmed by -16.87 %, for the same period Century Bancorp Inc recorded revenue increase by 13.57 % year on year, sequentially revenue grew by 1.92 %.
Century Bancorp Inc's Comment on Sales, Marketing and Customers
The Company offers a wide range of services to commercial enterprises, state
and local governments and agencies, non-profit organizations and individuals.
It emphasizes service to small and medium sized businesses and retail customers
in its market area. In recent quarters, the Company has increased business to
larger institutions, specifically, healthcare and higher education. The Company
makes commercial loans, real estate and construction loans and consumer loans,
and accepts savings, time, and demand deposits. In addition, the Company offers
its corporate and institutional customers automated lock box collection services,
cash management services and account reconciliation services, and actively promotes
the marketing of these services to the municipal market. Also, the Company provides
full service securities brokerage services through a program called Investment
Services at Century Bank, which is supported by LPL Financial, a third party
full-service securities brokerage business.
Century Bancorp Inc’s Comment on Sales, Marketing and Customers
The Company offers a wide range of services to commercial enterprises, state
and local governments and agencies, non-profit organizations and individuals.
It emphasizes service to small and medium sized businesses and retail customers
in its market area. In recent quarters, the Company has increased business to
larger institutions, specifically, healthcare and higher education. The Company
makes commercial loans, real estate and construction loans and consumer loans,
and accepts savings, time, and demand deposits. In addition, the Company offers
its corporate and institutional customers automated lock box collection services,
cash management services and account reconciliation services, and actively promotes
the marketing of these services to the municipal market. Also, the Company provides
full service securities brokerage services through a program called Investment
Services at Century Bank, which is supported by LPL Financial, a third party
full-service securities brokerage business.
Sources:
Century Bancorp Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Century Bancorp Inc’s corporate clients.
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