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Boston Private Financial Holdings (NASDAQ: BPFH) reported a net income of $22.7 million for Q3 2020, rebounding from a net loss of $(3.3) million in Q2 2020. This marks a 14% year-over-year increase as compared to Q3 2019's net income of $20.0 million. Diluted earnings per share increased to $0.28 from $(0.04) in Q2 2020. The company benefited from a provision credit of $2.8 million, while total assets under management rose to $16.3 billion, despite negative net flows of $407 million driven by outflows at DGHM. The firm declared a cash dividend of $0.06 per share.
Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) is set to announce its third-quarter 2020 financial results after market close on October 21, 2020. A conference call for discussing these results will follow on October 22 at 8 a.m. Eastern Time. Investors can access the call by dialing (888) 317-6003 with the Elite Entry Number 0457772. A replay of the call will be available from October 22 at noon until October 29. Boston Private specializes in integrated wealth management, trust, and banking services, focusing on delivering comprehensive advice with superior service.
