Boston Private Financial Holdings Inc. Q2 adjusted earnings Miss Estimates

Boston Private Financial Holdings Inc. (BPFH) reported earnings for second quarter that decreased from the same period last year.

The company’s bottom line totaled $6.4 million, or $0.06 per share. This compares with $23.4 million, or $0.27 per share, in last year’s second quarter.

Excluding items, Boston Private Financial Holdings Inc. reported adjusted earnings of $17.86 million or $0.21 per share for the period.

Analysts had expected the company to earn $0.26 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter fell 5.8% to $89.64 million from $95.16 million last year.

Boston Private Financial Holdings Inc. earnings at a glance:

-Earnings (Q2): $17.86 Mln. vs. $22.83 Mln. last year.
-EPS (Q2): $0.21 vs. $0.27 last year.
-Analysts Estimate: $0.26
-Revenue (Q2): $89.64 Mln vs. $95.16 Mln last year.

by RTTNews Staff Writer

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