Boston Private Financial (BPFH) Tops Q3 EPS by 12c
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Boston Private Reports Third Quarter 2020 Results
October 21, 2020 4:15 PM EDTThird Quarter 2020 Highlights include:
GAAP Net income of $22.7 million, or $0.28 per diluted share, and operating net income of $22.0 million, or $0.27 per diluted share Return on average common equity (non-GAAP) of 10.7%; operating return on average common equity of 10.4% Return on average tangible common equity (non-GAAP) of 11.9%; operating return on average tangible common equity of 11.6% Average total deposits of $7.7 billion, a 16% increase year-over-year Average total loans of $7.3 billion, a 3% increase year-over-year Total assets under management/advisory (AUM) of $16.3 billion, flat year-over-year Total net flows of negative $407 million driven by... More