Boston Private Financial (BPFH) Tops Q1 EPS by 3c
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Boston Private Financial Holdings, Inc. Reports First Quarter 2015 GAAP EPS of $0.21
April 14, 2015 4:05 PM EDTFirst Quarter Highlights:
Revenue Growth: Total Revenue increased 4% linked quarter and 13% year-over-year to $87.4 million. Deposit and Loan Growth: Average Total Deposits increased 7% year-over-year to $5.4 billion. On a linked quarter basis, Average Total Deposits decreased 1% due to seasonal outflows, while Average Total Loans grew 3% year-over-year and 1% linked quarter. The Average Loan-to-Deposit ratio was 97% at the end of the first quarter, down from 101% in the first quarter of 2014. Provision Credit: The Company recorded a provision credit of $2.5 million due to net recoveries of $3.9 million in the quarter,... More