Boston Private Financial Holdings, Inc. announced unaudited earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company announced total interest and dividend income was $58,409,000 compared to $55,362,000 for the same period a year ago. Net interest income was $51,519,000 compared to $48,140,000 for the same period a year ago. Income before income taxes was $24,762,000 compared to $20,106,000 for the same period a year ago. Net income from continuing operations was $17,515,000 compared to $14,468,000 for the same period a year ago. Net income attributable to the company was $17,552,000 compared to $15,002,000 for the same period a year ago. Diluted total earnings per share were $0.19 compared to $0.17 for the same period a year ago. Book value per common share was $8.61 compared to $8.38 for the same period a year ago. Tangible book value per share was $6.59 compared to $6.16 for the same period a year ago. Return on average assets (annualized) was 0.89% compared to 0.81% for the same period a year ago. Return on average common equity (annualized) was 9.07% compared to 8.06% for the same period a year ago. Return on average tangible common equity (annualized) was 12.75% compared to 11.92% for the same period a year ago. Tangible common net income (non-GAAP) was $17,685,000 compared to $15,302,000 for the same period a year ago.

For the full year, the company announced total interest and dividend income of $227,639,000 compared to $213,668,000 for the same period a year ago. Net interest income was $200,438,000 compared to $185,770,000 for the same period a year ago. Income before income taxes was $101,207,000 compared to $93,313,000 for the same period a year ago. Net income from continuing operations was $70,244,000 compared to $62,921,000 for the same period a year ago. Net income attributable to the company was $71,628,000 compared to $64,925,000 for the same period a year ago. Diluted total earnings per share were $0.81 compared to $0.74 for the same period a year ago. Tangible common net income (non-GAAP) was $72,236,000 compared to $65,812,000 for the same period a year ago. Return on average equity (annualized) was 9.31% compared to 8.90% for the same period a year ago. Return on average common equity (annualized) (non-GAAP) was 9.44% compared to 9.01% for the same period a year ago. Return on average tangible common equity (annualized) (non-GAAP) was 13.38% compared to 13.34% for the same period a year ago. Diluted total earnings per share, excluding notable items (non-GAAP) was $0.24 compared to $0.17 for the same period a year ago.

For the fourth quarter ended December 31, 2016, the company announced impairment of goodwill of $9,528,000.