WASHINGTON (dpa-AFX) - Boston Private Financial Holdings, Inc. (BPFH) reported first-quarter net income attributable to the common shareholders of $8.4 million, or $0.15 per share, compared to $11.6 million, or $0.11 per share in the year-ago period.
On average, nine analysts polled by Thomson Reuters expected the company to earn $0.17 per share for for the quarter. Analysts' estimates typically excludes special items.
Net interest income for the latest quarter decreased to $52.3 million from $55.8 million in the comparable quarter last year, while total other income was $1.2 million, compared to $3.8 million in the prior year quarter.
Further, the Board of Directors approved a cash dividend of $0.05 per share, payable on May 17, to stockholders of record on May 4, 2013.
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