Boston Private Financial (BPFH) Tops Q2 EPS by 4c

Boston Private Financial (NASDAQ: BPFH) reported Q2 EPS of $0.25, $0.04 better than the analyst estimate of $0.21.

• Deposit and loan growth: Average Total Deposits increased 8% year-over-year to $5.0 billion. On a linked quarter basis, Average Total Deposits were flat. Average Total Loans increased 4% year-over-year to $5.1 billion although were flat for the second quarter of 2014 as a result of the portfolio loan sale.
• Core Fees and Income increased 13% year-over-year: Fees from Wealth Management businesses increased 3% linked quarter and 11% year-over-year to $30.8 million.
• Net Interest Income growth: Net Interest Income grew 4% linked quarter and 5% year-over-year to $46.3 million. Included in the quarter's Net Interest Income was $1.9 million of interest recovered on previous nonaccrual loans.

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

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