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Blue Hills posts 1Q profit

NORWOOD, Mass. (AP) _ Blue Hills Bancorp Inc. (BHBK) on Tuesday reported first-quarter net income of $7.5 million.

The bank, based in Norwood, Massachusetts, said it had earnings of 31 cents per share. Earnings, adjusted for non-recurring gains, were 11 cents per share.

The holding company for Blue Hills Bank posted revenue of $26.6 million in the period. Its adjusted revenue was $22.7 million.

Blue Hills shares have climbed roughly 2 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $19.10, an increase of 35 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BHBK at https://www.zacks.com/ap/BHBK


Keywords: Blue Hills Bancorp, Earnings Report