Boston Private Financial Holdings, Inc. (BPFH) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
10 POST OFFICE SQ BOSTON, MA 02109 |
| State of Incorp. | MA |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6022 - State Commercial Banks (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2021 MRQ | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,097,040 | 311,289 | 141,487 | 120,541 | 106,557 | 238,694 | |||
| Cash and cash equivalent | 1,055,588 | 292,479 | 127,259 | 120,541 | 106,557 | 238,694 | |||
| Short-term investments | 41,452 | 18,810 | 14,228 | ||||||
| Total current assets: | 1,097,040 | 311,289 | 141,487 | 120,541 | 106,557 | 238,694 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 97,859 | 102,075 | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 44,087 | 44,527 | 45,412 | 37,640 | 31,827 | 31,036 | |||
| Long-term investments and receivables | 27,700 | ||||||||
| Long-term investments | 27,700 | ||||||||
| Intangible assets, net (including goodwill) | 66,663 | 67,959 | 69,834 | 91,681 | 169,279 | 185,089 | |||
| Goodwill | 57,607 | 57,607 | 57,607 | 75,598 | 142,554 | 152,082 | |||
| Intangible assets, net (excluding goodwill) | 9,056 | 10,352 | 12,227 | 16,083 | 26,725 | 33,007 | |||
| Deferred costs | 7,200 | 6,100 | 6,800 | 7,100 | 6,100 | 5,600 | |||
| Deferred income tax assets | 6,774 | 11,383 | ✕ | ✕ | ✕ | ✕ | |||
| Investment, proportional amortization method, elected, amount | 75,700 | 65,500 | 54,400 | 39,400 | 34,200 | ||||
| Total noncurrent assets: | 298,283 | 297,544 | 176,446 | 175,821 | 241,406 | 249,425 | |||
| Other undisclosed assets | 8,653,410 | 8,221,668 | 8,176,692 | 8,015,382 | 7,622,511 | 7,054,389 | |||
| TOTAL ASSETS: | 10,048,733 | 8,830,501 | 8,494,625 | 8,311,744 | 7,970,474 | 7,542,508 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 153,548 | 327,763 | 280,946 | 561,889 | 549,895 | 274,816 | |||
| Total current liabilities: | 153,548 | 327,763 | 280,946 | 561,889 | 549,895 | 274,816 | |||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 35,400 | 27,800 | 23,000 | 11,500 | 11,300 | ||||
| Investment program, proportional amortization method, elected, commitment | 35,400 | 27,800 | 23,000 | 11,500 | 11,300 | ||||
| Total noncurrent liabilities: | 35,400 | 27,800 | 23,000 | 11,500 | 11,300 | ||||
| Other undisclosed liabilities | 8,991,777 | 7,654,537 | 7,434,199 | 6,934,950 | 6,623,826 | 6,502,991 | |||
| Total liabilities: | 9,180,725 | 8,010,100 | 7,738,145 | 7,508,339 | 7,185,021 | 6,777,807 | |||
| Temporary equity, including noncontrolling interest | 1,383 | 2,526 | 17,461 | 16,972 | 18,088 | ||||
| Equity | |||||||||
| Equity, attributable to parent | 868,008 | 819,018 | 753,954 | 780,758 | 764,320 | 743,220 | |||
| Preferred stock | 47,753 | 47,753 | 47,753 | ||||||
| Common stock | 82,334 | 83,266 | 83,656 | 84,208 | 83,732 | 83,411 | |||
| Additional paid in capital | 597,558 | 600,708 | 600,196 | 607,929 | 597,454 | 600,670 | |||
| Accumulated other comprehensive income (loss) | 31,685 | 7,575 | (17,719) | (8,658) | (12,548) | (1,500) | |||
| Retained earnings | 156,431 | 127,469 | 87,821 | 49,526 | 47,929 | 12,886 | |||
| Other undisclosed equity | 5,186 | 4,161 | 3,393 | ||||||
| Total equity: | 868,008 | 819,018 | 753,954 | 785,944 | 768,481 | 746,613 | |||
| TOTAL LIABILITIES AND EQUITY: | 10,048,733 | 8,830,501 | 8,494,625 | 8,311,744 | 7,970,474 | 7,542,508 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 327,310 | 329,623 | 384,563 | 378,652 | 359,225 | 346,939 | ||
| Net investment income | 263,413 | 297,654 | 280,813 | 245,304 | 215,223 | 202,735 | ||
| Cost of revenue (Provision for Loan, Lease, and Other Losses) | (31,998) | |||||||
| Gross profit: | 295,312 | 329,623 | 384,563 | 378,652 | 359,225 | 346,939 | ||
| Operating expenses | (90,398) | (90,131) | (99,250) | (295,682) | (255,839) | (247,932) | ||
| Other operating income, net (Noninterest Income, Other Operating Income) | 2,098 | 3,410 | 3,722 | |||||
| Operating income: | 204,914 | 239,492 | 285,313 | 85,068 | 106,796 | 102,729 | ||
| Nonoperating income (expense) | (1,109) | (1,669) | (423) | (46) | 306 | 124 | ||
| Gains (losses) on sales of other real estate | (46) | 306 | 124 | |||||
| Net periodic defined benefits expense (reversal of expense), excluding service cost component | (1,109) | (1,669) | (423) | ✕ | ✕ | ✕ | ||
| Interest and debt expense | (40,279) | (80,371) | (58,338) | (34,009) | (27,201) | (27,898) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (109,479) | (54,471) | (107,146) | 35,372 | 21,306 | 18,358 | ||
| Income from continuing operations before income taxes: | 54,047 | 102,981 | 119,406 | 86,385 | 101,207 | 93,313 | ||
| Income tax expense | (8,888) | (22,591) | (37,537) | (46,196) | (30,963) | (30,392) | ||
| Income from continuing operations: | 45,159 | 80,390 | 81,869 | 40,189 | 70,244 | 62,921 | ||
| Income before gain (loss) on sale of properties: | ✕ | 45,159 | 80,390 | 83,871 | 45,059 | 75,785 | 69,332 | |
| Income from discontinued operations | 2,002 | 4,870 | 5,541 | 6,411 | ||||
| Net income: | 45,159 | 80,390 | 83,871 | 45,059 | 75,785 | 69,332 | ||
| Net loss attributable to noncontrolling interest | (6) | (362) | (3,487) | (4,468) | (4,157) | (4,407) | ||
| Net income attributable to parent: | 45,153 | 80,028 | 80,384 | 40,591 | 71,628 | 64,925 | ||
| Preferred stock dividends and other adjustments | 414 | 1,143 | (1,682) | (3,475) | (3,475) | |||
| Other undisclosed net loss available to common stockholders, basic | (1,412) | (588) | (3,194) | |||||
| Net income available to common stockholders, diluted: | 45,567 | 81,171 | 78,702 | 35,704 | 67,565 | 61,731 | ||
Comprehensive Income ($ in thousands)
| 3/31/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 45,159 | 80,390 | 83,871 | 45,059 | 75,785 | 69,332 | ||
| Other comprehensive income (loss) | 24,110 | 5,425 | (11,048) | (803) | ||||
| Comprehensive income: | 69,269 | 80,390 | 83,871 | 50,484 | 64,737 | 68,529 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (6) | (362) | (3,487) | (4,468) | (4,157) | (4,407) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 25,294 | (8,727) | ||||||
| Comprehensive income, net of tax, attributable to parent: | 69,263 | 105,322 | 71,657 | 46,016 | 60,580 | 64,122 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.