Boston Private Financial (BPFH) Tops Q1 EPS by 5c
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Boston Private Financial Holdings, Inc. Reports First Quarter 2018 Results
April 18, 2018 4:15 PM EDTFirst Quarter Highlights:
First quarter 2018 Net income attributable to the Company was $22.7 million and Diluted earnings per share was $0.27. Return on average common equity for the first quarter was 12.0% and Return on average tangible common equity was 15.2%. Average total deposits increased 1% year-over-year to $6.4 billion, and Average total loans increased 6% year-over-year to $6.5 billion. Total assets under management ("AUM"), excluding Anchor Capital Advisors LLC (Anchor), were $21.2 billion at the end of the first quarter, and Net flows during the first quarter were $198 million.
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