Boston Private Financial Holdings posted $18.3 million in net income for the third quarter this year, remaining relatively flat on a year-over-year basis and declining slightly on a quarterly basis.

"The company demonstrated desired loan and deposit growth and satisfactory returns on capital in the third quarter," President and CEO Clayton G. Deutsch said in a statement.

"Total revenue increased 8 percent year-over-year while total operating expenses increased 4 percent for the same period, resulting in positive operating leverage of nearly 400 basis points. Given our focus on ROE attainment, we were pleased to see return on average common equity come in at 11.2 percent for the third quarter and 11.9 percent year-to-date," he said.

Average total deposits increased 9 percent year-over-year to $5.2 billion. Average total loans increased 5 percent year-over-year to $5.2 billion. On a linked quarter basis, average total loans remained flat, influenced by the commercial loan sale executed in the second quarter of 2014.

Net interest income increased 6 percent year-over-year to $44.8 million. On a linked quarter basis, net interest income declined 3 percent due to lower interest recovered on previous non-accrual loans and lower yields on commercial loans.

During the third quarter, the company increased fees from its wealth management business line by 14 percent on a year-over-year basis.

Boston Private also recently closed on its acquisition of the Florida-based wealth management firm Banyan Partners. The deal will double the company’s assets under management to approximately $9 billion and is expected to also double its wealth management fee income.