Boston Private Financial (BPFH) Tops Q3 EPS by 12c

Boston Private Financial (NASDAQ: BPFH) reported Q3 EPS of $0.28, $0.12 better than the analyst estimate of $0.16.

• 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 net flows of negative $395 million at Dalton, Greiner, Hartman, Maher & Co, LLC ("DGHM")
• Total net provision credit of $2.8 million
• Notable Item: $0.9 million gain related to the revaluation of a receivable from the divestiture of Bingham, Osborn & Scarborough, LLC ("BOS")

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

You May Also Be Interested In

• ​Trump said he was unaware of his earnings from crypto
• SWBI beats estimates by 71%, GEO nears 52-week high on policy tailwinds
• Lockheed Martin frontrunner for $3.5B Ultra Maritime deal, sources say - FT