Boston Private Financial (BPFH) Misses Q3 EPS by 1c

Boston Private Financial (NASDAQ: BPFH) reported Q3 EPS of $0.22, $0.01 worse than the analyst estimate of $0.23.

• Total Revenue increased 8% year-over-year driven by a 14% increase in Net Interest Income and a 3% increase in Total Core Fees and Income.
• Average Total Deposits increased 8% year-over-year to $6.4 billion, and Average Total Loans increased 10% year-over-year to $6.4 billion.
• Total Assets Under Management/Advisory (“AUM”) increased 8% year-over-year to $29.8 billion.
• Annualized Return on Average Common Equity for the quarter was 9.9% and annualized Return on Average Tangible Common Equity for the quarter was 13.2%.

For earnings history and earnings-related data on Boston Private Financial (BPFH) click here.

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