Boston Private Financial Holdings, Inc. (BPFH) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments311141121107239173192
Cash and cash equivalents292127121107239173192
Short-term investments1914     
Total current assets:311141121107239173192
Noncurrent Assets
Operating lease, right-of-use asset102
Property, plant and equipment45453832313229
Long-term investments and receivables    282726
Long-term investments    282726
Intangible assets, net (including goodwill)687092169185192131
Goodwill585876143152152110
Intangible assets, net (excluding goodwill)10121627334021
Deferred costs67766  
Deferred income tax assets11
Amortization method qualified affordable housing project investments66543934 
Total noncurrent assets:298176176241249251186
Other undisclosed assets8,2228,1778,0157,6237,0546,3746,059
TOTAL ASSETS:8,8318,4958,3127,9707,5436,7986,437
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt328281562550275  
Total current liabilities:328281562550275  
Noncurrent Liabilities
Liabilities, other than long-term debt28231211   
Qualified affordable housing project investments, commitment28231211 
Total noncurrent liabilities:28231211   
Other undisclosed liabilities7,6557,4346,9356,6246,5036,0735,784
Total liabilities:8,0107,7387,5087,1856,7786,0735,784
Temporary equity, carrying amount131717182119
Stockholders' equity
Stockholders' equity attributable to parent819754781764743704634
Preferred stock  4848484848
Common stock83848484838380
Additional paid in capital601600608597601611616
Accumulated other comprehensive income (loss)8(18)(9)(13)(2)(1)(4)
Retained earnings (accumulated deficit)12788504813(37)(106)
Stockholders' equity attributable to noncontrolling interest     2120
Other undisclosed stockholders' equity  543(21)(19)
Total stockholders' equity:819754786768747704634
TOTAL LIABILITIES AND EQUITY:8,8318,4958,3127,9707,5436,7986,437

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net investment income298281245215203  
Gross profit:330385379359347320310
Operating expenses(90)(99)(296)(256)(248)(167)(150)
Other operating income, net
(Noninterest Income, Other Operating Income)
  23412
Operating income:23928585107103154163
Nonoperating income (expense)(2)(0)(0)001(0)
Gains (losses) on sales of other real estate  (0)001(0)
Net periodic defined benefits expense (reversal of expense), excluding service cost component(2)(0)
Interest and debt expense(80)(58)(34)(27)(28)(27)(29)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(54)(107)352118(28)(35)
Income from continuing operations before income taxes:103119861019310099
Income tax expense(23)(38)(46)(31)(30)(32)(32)
Income from continuing operations:80824070636767
Income from discontinued operations 256668
Net income:80844576697474
Net loss attributable to noncontrolling interest(0)(3)(4)(4)(4)(5)(4)
Net income attributable to parent:80804172656971
Preferred stock dividends and other adjustments1(2)(3)(3) (4)(15)
Other undisclosed net loss available to common stockholders, basic  (1)(1)(3)(1)(2)
Net income available to common stockholders, diluted:81793668626454

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:80844576697474
Other comprehensive income (loss)  5(11)(1)  
Comprehensive income:80845065697474
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)(3)(4)(4)(4)54
Other undisclosed comprehensive income (loss), net of tax, attributable to parent25(9)   (6)(14)
Comprehensive income, net of tax, attributable to parent:105724661647264

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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