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

Boston Private Financial (NASDAQ: BPFH) reported Q3 EPS of $0.24, $0.02 better than the analyst estimate of $0.22.

• Return on average common equity (non-GAAP) was 9.8%
• Return on average tangible common equity (non-GAAP) was 11.0%
• Average total loans were $7.0 billion, a 4% increase year-over-year
• Average total deposits were $6.7 billion, a 1% decrease year-over-year
• Total assets under management/advisory (“AUM”) were $16.2 billion, a decrease of 8% year-over-year
• Total net flows were negative $137 million, of which negative $100 million were attributable to the Wealth Management & Trust segment
• Completed the integration of wholly-owned affiliates Boston Private Wealth LLC and KLS Professional Advisors Group, LLC ("KLS")

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

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