Boston Private Financial Holdings Inc. reported unaudited earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net Interest Income of $39,717,000, operating income before tax of $1,205,000, income from continuing operations, before tax of $1,205,000, income from continuing operations net of tax of $390,000, or $0.15 basic and diluted per share, net loss attributable to the company of $31,360,000, or $0.60 loss basic and diluted per share on total revenue of $66,240,000 as compared to net Interest Income of $38,013,000, operating loss before tax of $124,188,000 income from continuing operations, before tax of $197,625,000, income from continuing operations net of tax of $151,803,000 or $3.52 basic and diluted per share, net loss attributable to the company of $151,803,000 or $5.86 loss basic and diluted per share on total revenue of 66,087,000 for the same period last year. Return on average equity was 18.78% and return on average assets was 2.05% as compared to return on average equity was 156.78% and return on average assets was 14.95% for the same period last year. For nine months, the company reported net Interest Income of $118,428,000 operating income before tax of $6,139,000 income from continuing operations, before tax of and income from continuing operations net of tax of $4,510,000 or $0.37 basic and diluted per share, net loss attributable to the company of $36,977,000 or $0.95 loss basic and diluted per share on total revenue of $202,513,000 as compared to net Interest Income of $112,386,000, operating loss before tax of $123,297,000, income from continuing operations, before tax of $233,360,000, income from continuing operations net of tax of $184,650,000 or $5.08 basic and diluted per share, net loss attributable to the company of $363,833,000 or $9.19 loss basic and diluted per share on total revenue of $219,592,000 for the same period last year. Return on average equity was 6.92% and return on average assets was 0.80% as compared to return on average equity was 70.24% and return on average assets was 6.73% for the same period last year. Book value per common share was $9.03 as compared to $8.84 for the same period last year. The board of directors of the company declared a cash dividend to shareholders of $0.01 per share. The record date for this dividend is November 2, 2009 and the payment date is November 16, 2009.

Boston Private Financial Holdings Inc., Q3 2009 Earnings Call, Oct 29 2009

Boston Private Financial Holdings Inc. - Conference Presentation Calls