During the corresponding time, Blue Hills Bancorp, Inc. recorded a revenue increase by 13.62 % year on year, sequentially revenue fell by -3.1 %. While revenue at the Blue Hills Bancorp, Inc.'s corporate clients
Blue Hills Bancorp's Comment on Sales, Marketing and Customers
We provide financial services to individuals, families, small to middle-market
businesses and government and non-profit organizations online and through our
eleven full-service branch offices and through our relationship managers. Our
primary deposit taking market includes Norfolk, Suffolk and Nantucket Counties
in Massachusetts. Our primary lending market encompasses a broader region of
eastern Massachusetts. In addition, we also make loans secured by properties
and the assets of businesses located outside of our primary lending market area.
These loans are typically made to businesses headquartered or operating in New
England.
Due to our proximity to Boston, our market area benefits from the presence
of numerous institutions of higher learning, medical care and research centers
and the corporate headquarters of several financial investment companies. Eastern
Massachusetts also has many high technology companies employing personnel with
specialized skills. As a result, healthcare, high-tech and financial services
companies constitute major sources of employment in our regional market area,
as well as the colleges and universities that populate the Boston Metropolitan
Statistical Area (“MSA”). These factors affect the demand for residential
homes, apartments, office buildings, shopping centers, industrial warehouses
and other commercial properties. Tourism also is a prominent component of our
market area’s economy, as Boston annually ranks as one of the nation’s
top tourist destinations.
Sources:
Blue Hills Bancorp, Inc.’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Blue Hills Bancorp, Inc.’s corporate clients.
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