Boston Private Financial (BPFH) Misses Q2 EPS by 10c

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Go back to Boston Private Financial (BPFH) Misses Q2 EPS by 10c

Boston Private Reports Second Quarter 2020 Results

July 28, 2020 4:15 PM EDT

Second Quarter 2020 Highlights include:

Net loss of $(3.3) million, or $(0.04) per diluted share Return on average common equity (non-GAAP) of (1.6)% Return on average tangible common equity (non-GAAP) of (1.4)% Average total deposits of $7.3 billion, a 10% increase year-over-year Average total loans of $7.3 billion, a 4% increase year-over-year Total assets under management/advisory (AUM) of $16.0 billion, a 2% decrease year-over-year Total net flows of negative $40 million, with net inflows of $60 million in the Wealth Management and Trust segment Total provision for credit losses of $25.4 million reflecting the deterioration of the... More