Boston Private Financial (BPFH) Reports In-Line Q2 EPS

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Go back to Boston Private Financial (BPFH) Reports In-Line Q2 EPS

Boston Private Financial Holdings, Inc. Reports Second Quarter 2016 Results

July 20, 2016 4:05 PM EDT

Second Quarter Highlights:

Net Interest Income Growth: Net Interest Income increased 9% year-over-year and decreased 1% linked quarter to $49.2 million. Deposit and Loan Growth: Average Total Deposits increased 6% and Average Total Loans grew 7% year-over-year. Average Total Deposits and Average Total Loans were both $5.7 billion for the quarter, reflecting a linked quarter decrease of 3% and an increase of 2%, respectively. Assets Under Management: Total Assets Under Management/Advisory (AUM) decreased 8% year-over-year to $27.3 billion, reflecting negative net flows partly offset by positive market action. On a linked quarter basis, AUM... More