Boston Private Financial (BPFH) Tops Q3 EPS by 2c

Boston Private Financial (NASDAQ: BPFH) reported Q3 EPS of $0.25, $0.02 better than the analyst estimate of $0.23.

• GAAP net income was $18.0 million or $0.20 per diluted share, and operating net income was $22.5 million or $0.25 per diluted share
• Operating return on average common equity was 12.1%
• Operating return on average tangible common equity was 14.2%
• Average total deposits were $6.7 billion, a 5% increase year-over-year
• Average total loans were $6.7 billion, a 6% increase year-over-year
• Total assets under management/advisory (“AUM”) were $22.4 billion and total net flows were positive $342 million
• Restructuring expense of $5.8 million expected to result in $11 million of annual expense reduction in 2019

For earnings history and earnings-related data on Boston Private Financial (BPFH) click here.

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