Boston Private Financial (BPFH) Tops Q1 EPS by 4c
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Boston Private Financial Holdings, Inc. Reports First Quarter 2016 Results
April 20, 2016 4:05 PM EDTFirst Quarter Highlights:
Net Interest Income Growth: Net Interest Income increased 8% year-over-year and increased 4% linked quarter to $49.9 million. Revenue Growth: Total Revenue increased 2% linked quarter and 1% year-over-year to $87.9 million. Deposit and Loan Growth: Average Total Deposits increased 8% and Average Total Loans grew 6% year-over-year. On a linked quarter basis, Average Total Deposits and Average Total Loans decreased 1% to $5.9 billion and $5.6 billion, respectively. Assets Under Management: Total Assets Under Management/Advisory (AUM) decreased 11% year-over-year to $26.8 billion, reflecting negative net flows and negative... More