Boston Private Financial (BPFH) Misses Q1 EPS by 9c
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Boston Private Reports First Quarter 2020 Results
April 29, 2020 4:15 PM EDTFirst Quarter 2020 Highlights include:
Net income of $0.8 million, or $0.01 per diluted share Return on average common equity (non-GAAP) of 0.4% Return on average tangible common equity (non-GAAP) of 0.7% Average total deposits of $7.1 billion, a 5% increase year-over-year Average total loans of $7.0 billion, a 2% increase year-over-year Total assets under management/advisory (AUM) of $14.5 billion, a 10% decrease year-over-year Total net flows of $150 million, $176 million of which was attributable to the Wealth Management and Trust segment On January 1, 2020, the Company adopted the Current Expected Credit Loss ("CECL") accounting standard Provision for... More