Boston Private Financial Holdings Inc. Profit Rises In Q1
WASHINGTON (dpa-AFX) - Boston Private Financial Holdings Inc. (BPFH) announced earnings for its first quarter that rose from last year.
The company s earnings came in at $10.65 million, or $0.13 per share. This compares with $1.21 million, or $0.01 per share, in last year s first quarter.
Analysts had expected the company to earn $0.19 per share, according to figures compiled by Thomson Reuters. Analysts estimates typically exclude special items.
The company s revenue for the quarter rose 8.7% to $85.65 million from $78.78 million last year.
Boston Private Financial Holdings Inc. earnings at a glance:
-Earnings (Q1): $10.65 Mln. vs. $1.21 Mln. last year.
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HoldCo Comments on ISS Report Regarding Proposed Boston Private / SVB Merger
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Boston Private Financial Holdings, Inc. (NASDAQ: BPFH)
WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of
Boston Private Financial Holdings, Inc. (NASDAQ: BPFH) in connection with the proposed acquisition of the company by SVB Financial Group ( SIVB ). Under the terms of the agreement, BPFH s shareholders will receive $2.10 in cash and 0.0228 shares of SIVB common stock for each BPFH share, representing implied per-share merger consideration of approximately $13.46 based upon SIVB s April 13, 2021 closing price of $498.14. If you own BPFH shares and wish to discuss this investigation or your rights, please call us or visit our website: http://www.weisslawllp.com/bpfh/
Independent Proxy Advisory Firm ISS Recommends Boston Private Shareholders Vote FOR the Proposed Transaction with SVB Financial
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