Boston Private Financial Holdings, Inc. Announces Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2012 ; Declares Quarterly Cash Dividend, Payable on February 28, 2013
For the full year, the company reported total interest and dividend income of $223,288,000 compared with $229,742,000 for the same period a year ago. Net interest income was $183,276,000 compared with $178,954,000 for the same period a year ago. Income before tax was $69,088,000 compared with $50,381,000 for the same period a year ago. Net income from continuing operations was $48,758,000 compared with $36,101,000 for the same period a year ago. Net income attributable to company was $53,271,000 or $0.61 per diluted share compared with $39,137,000 or $0.46 per diluted share for the same period a year ago. Book value per share was $6.92 compared with $6.51 for the same period a year ago. Tangible book value per share was $5.64 compared with $5.10 for the same period a year ago.
The Board of Directors approved a quarterly cash dividend of $0.05 per share, up from $0.01 per share last quarter. The record date for this dividend is February 14, 2013, and the payment date is February 28, 2013.