Boston Private Financial (BPFH) Tops Q1 EPS by 4c

Boston Private Financial (NASDAQ: BPFH) reported Q1 EPS of $0.25, $0.04 better than the analyst estimate of $0.21.

• GAAP Net income was $19.4 million, or $0.25 per diluted share, and Operating Net income was $20.7 million or $0.27 per diluted share
• Return on average common equity was 10.3%; Operating Return on average common equity was 11.0%
• Return on average tangible common equity was 11.6%; Operating Return on average tangible common equity was 12.4%
• Average total deposits were $6.8 billion, a 6% increase year-over-year
• Average total loans were $6.9 billion, a 5% increase year-over-year
• Total assets under management/advisory (“AUM”) were $16.1 billion, a decrease of 4% year-over-year
• Total net flows were negative $963 million, of which $508 million were attributable to the Wealth Management & Trust segment and $455 million were attributable to Affiliate Partners

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

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