Boston Private Financial Holdings, Inc. (BPFH) financial statements (2021 and earlier)

Company profile

Business Address 10 POST OFFICE SQ
BOSTON, MA 02109
State of Incorp. MA
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

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 311141121107239
Cash and cash equivalents 292127121107239
Short-term investments 1914   
Total current assets: 311141121107239
Noncurrent Assets
Operating lease, right-of-use asset 102
Property, plant and equipment 4545383231
Long-term investments and receivables     28
Long-term investments     28
Intangible assets, net (including goodwill) 687092169185
Goodwill 585876143152
Intangible assets, net (excluding goodwill) 1012162733
Deferred costs 67766
Deferred income tax assets 11
Amortization method qualified affordable housing project investments 66543934 
Total noncurrent assets: 298176176241249
Other undisclosed assets 8,2228,1778,0157,6237,054
TOTAL ASSETS: 8,8318,4958,3127,9707,543
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 328281562550275
Total current liabilities: 328281562550275
Noncurrent Liabilities
Liabilities, other than long-term debt 28231211 
Qualified affordable housing project investments, commitment 28231211 
Total noncurrent liabilities: 28231211 
Other undisclosed liabilities 7,6557,4346,9356,6246,503
Total liabilities: 8,0107,7387,5087,1856,778
Temporary equity, carrying amount 13171718
Stockholders' equity
Stockholders' equity attributable to parent 819754781764743
Preferred stock   484848
Common stock 8384848483
Additional paid in capital 601600608597601
Accumulated other comprehensive income (loss) 8(18)(9)(13)(2)
Retained earnings 12788504813
Other undisclosed stockholders' equity   543
Total stockholders' equity: 819754786768747
TOTAL LIABILITIES AND EQUITY: 8,8318,4958,3127,9707,543

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net investment income 298281245215203
Gross profit: 330385379359347
Operating expenses (90)(99)(296)(256)(248)
Other operating income, net
(Noninterest Income, Other Operating Income)
   234
Operating income: 23928585107103
Nonoperating income (expense) (2)(0)(0)00
Gains (losses) on sales of other real estate   (0)00
Net periodic defined benefits expense (reversal of expense), excluding service cost component (2)(0)
Interest and debt expense (80)(58)(34)(27)(28)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (54)(107)352118
Income from continuing operations before income taxes: 1031198610193
Income tax expense (23)(38)(46)(31)(30)
Income from continuing operations: 8082407063
Income from discontinued operations  2566
Net income: 8084457669
Net loss attributable to noncontrolling interest (0)(3)(4)(4)(4)
Net income attributable to parent: 8080417265
Preferred stock dividends and other adjustments 1(2)(3)(3) 
Other undisclosed net loss available to common stockholders, basic   (1)(1)(3)
Net income available to common stockholders, diluted: 8179366862

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income: 8084457669
Other comprehensive income (loss)   5(11)(1)
Comprehensive income: 8084506569
Comprehensive loss, net of tax, attributable to noncontrolling interest (0)(3)(4)(4)(4)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 25(9)   
Comprehensive income, net of tax, attributable to parent: 10572466164

Statements sources

The financial statements are based on the company's filings with the 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.

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