Boston Private Financial: Q1 Earnings Snapshot
BOSTON (AP) _ Boston Private Financial Holdings Inc. (BPFH) on Thursday reported first-quarter profit of $10.7 million.
The bank, based in Boston, said it had earnings of 13 cents per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share.
The bank holding company posted revenue of $91.1 million in the period. Its revenue net of interest expense was $85.6 million, which beat Street forecasts. Four analysts surveyed by Zacks expected $82.6 million.
Boston Private Financial shares have climbed 64% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $13.82, an increase of 96% in the last 12 months.