The Board of Directors of the Boston Private Financial Holdings, Inc. declared a cash dividend to common stock shareholders of $0.10 per share, up from $0.09 per share. The record date for this dividend is February 10, 2016, and the payment date is February 19, 2016.

The board of directors of the company also declared a cash dividend to holders of the Non-Cumulative Perpetual Preferred Stock, Series D of $17.375 per share, which will result in a dividend of $0.434375 per depositary share. The record date for this dividend is February 16, 2016, and the payment date is March 15, 2016.

The company announced unaudited earnings results for the fourth quarter and year ended December 31, 2015. For the quarter, the company's net interest income was $48,140,000 against $44,128,000 a year ago. Income before income taxes was $20,106,000 against $17,890,000 a year ago. Net income from continuing operations was $14,468,000 against $11,989,000 a year ago. Net income attributable to the company was $15,002,000 against $12,177,000 a year ago. Diluted earnings per share were $0.17 against $0.13 a year ago. Return on average assets was 0.81% against 0.71% a year ago. Return on average common equity was 8.06% against 6.91% a year ago. Net income attributable to the common shareholders, after allocation to participating securities, excluding the effect of significant transactions (Non-GAAP) was $13,810,000 compared to $10,974,000 in the same period last year. Diluted total earnings per share, excluding the effect of significant transactions (Non-GAAP) was $0.17 compared to $0.13 in the same period last year.

For the year, net interest income was $185,770,000 against $179,701,000 a year ago. Income before income taxes was $93,313,000 against $99,770,000 a year ago. Net income from continuing operations was $62,921,000 against $67,405,000 a year ago. Net income attributable to the company was $64,925,000 against $68,815,000 a year ago. Diluted earnings per share were $0.74 against $0.79 a year ago. As of December 31, 2015, book value per common share was $8.38 against $7.91 as at December 31, 2014. As of December 31, 2015, tangible book value per common share was $6.16 against $5.60 as at December 31, 2014. Net Income Attributable to the common Shareholders, after allocation to participating securities, excluding the effect of significant transactions (Non-GAAP) was $61,731,000 compared to $64,252,000 in the same period last year. Diluted Total Earnings per Share, excluding the effect of significant transactions (Non-GAAP) was $0.74 compared to $0.79 in the same period last year.