Boston Private Financial Holdings, Inc. announced unaudited earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company announced total interest and dividend income was $66,858,000 compared to $58,409,000 for the same period a year ago. Net interest income was $57,272,000 compared to $51,519,000 for the same period a year ago. Net interest income after provision for loan losses was $58,214,000 compared to $52,647,000 for the same period a year ago. Total revenue was $96,447,000 compared to $95,477,000 for the same period a year ago. Income before income taxes was $3,400,000 compared to $24,762,000 for the same period a year ago. Net loss from continuing operations was $17,991,000 compared to net income from continuing operations of $17,515,000 for the same period a year ago. Net loss attributable to the company was $18,280,000 compared to net income attributable to the company of $17,552,000 for the same period a year ago. Net loss attributable to the common shareholders was $20,278,000. Diluted total loss per share was $0.24 compared to diluted total earnings per share of $0.19 for the same period a year ago. Book value per common share was $8.77 compared to $8.61 for the same period a year ago. Tangible book value per share was $7.12 compared to $6.59 for the same period a year ago. Negative return on average assets (annualized) was 0.88% compared to return on average assets (annualized) of 0.89% for the same period a year ago. Negative return on average common equity (annualized) was 9.92% compared to return on average common equity (annualized) of 9.07% for the same period a year ago. Negative return on average tangible common equity (annualized) was 11.94% compared to return on average tangible common equity (annualized) of 12.75% for the same period a year ago. Tangible common net loss (non-GAAP) was $18,289,000 compared to tangible common net income (non-GAAP) of $17,685,000 for the same period a year ago. Total revenue (Non-GAAP) was $97,711,000. Income before income taxes (Non-GAAP) was $29,965. Net income attributable to the company (Non-GAAP) was $20,583,000. Net loss attributable to the common shareholders (Non-GAAP) was $18,585,000. Diluted total loss per share (Non-GAAP) was $0.22. Return on average common equity (Non-GAAP) was $10.21%. Return on average tangible common equity (Non-GAAP) was 13.43%.

For the full year, the company announced total interest and dividend income of $258,695,000 compared to $227,639,000 for the same period a year ago. Net interest income was $224,686,000 compared to $200,438,000 for the same period a year ago. Net interest income after provision for loan losses was $232,355,000 compared to $207,373,000 for the same period a year ago. Total revenue was $378,652,000 compared to $359,225,000 for the same period a year ago. Income before income taxes was $86,385,000 compared to $101,207,000 for the same period a year ago. Net income from continuing operations was $40,189,000 compared to $70,244,000 for the same period a year ago. Net income attributable to the company was $40,591,000 compared to $71,628,000 for the same period a year ago. Net loss attributable to the common shareholders was $35,704,000. Diluted total earnings per share were $0.42 compared to $0.81 for the same period a year ago. Tangible common net income (non-GAAP) was $40,757,000 compared to $72,236,000 for the same period a year ago. Return on average equity (annualized) was 5.09% compared to 9.31% for the same period a year ago. Return on average common equity (annualized) (non-GAAP) was 4.95% compared to 9.44% for the same period a year ago. Return on average tangible common equity (annualized) (non-GAAP) was 6.96% compared to 13.38% for the same period a year ago. Total revenue (Non-GAAP) was $379,916,000. Income before income taxes (Non-GAAP) was $112,950,000. Net income attributable to the company (Non-GAAP) was $79,454,000. Net loss attributable to the common shareholders (Non-GAAP) was $74,567,000. Diluted total loss per share (Non-GAAP) was $0.88. Return on average common equity (Non-GAAP) was $10.13%. Return on average tangible common equity (Non-GAAP) was 13.60%.

For the fourth quarter, the company announced impairment of goodwill of $24,901,000.