Boston private financial holdings, inc (BPFH)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Interest and dividend income:
Loans

281,580

262,525

228,964

201,349

192,184

191,658

191,594

209,280

212,047

229,331

232,017

Taxable investment securities

4,113

6,007

6,393

6,230

4,403

3,162

2,056

3,860

5,561

6,126

6,566

Non-taxable investment securities

7,702

7,094

6,622

5,754

4,758

3,738

3,113

3,228

3,768

5,123

6,041

Mortgage-backed securities

10,793

12,091

13,391

12,416

10,933

6,925

5,441

6,186

7,297

8,086

13,487

Short-term investments and other

4,259

5,187

3,325

1,890

1,390

1,359

970

734

1,069

1,306

1,203

Total interest and dividend income

308,447

292,904

258,695

227,639

213,668

206,842

203,174

223,288

229,742

249,972

259,314

Interest expense:
Deposits

59,083

39,846

20,884

16,571

16,002

14,102

13,395

17,640

24,479

36,770

58,872

Federal Home Loan Bank borrowings

14,969

13,787

9,883

8,008

7,959

9,108

10,963

14,488

16,915

20,125

25,324

Junior subordinated debentures

4,189

3,925

2,919

2,427

3,875

3,872

4,408

6,258

7,434

10,028

12,324

Repurchase agreements and other short-term borrowings

2,130

780

323

195

62

59

390

1,626

1,960

2,289

3,309

Total interest expense

80,371

58,338

34,009

27,201

27,898

27,141

29,156

40,012

50,788

69,212

99,829

Net interest income

228,076

234,566

224,686

200,438

185,770

179,701

174,018

183,276

178,954

180,760

159,485

Provision/(credit) for loan losses

-3,564

-2,198

-7,669

-6,935

-1,555

-6,400

-10,000

-3,300

13,160

87,178

44,959

Net interest income after provision/(credit) for loan losses

231,640

236,764

232,355

207,373

187,325

186,101

184,018

186,576

165,794

93,582

114,526

Fees and other income:
Gain/(loss) on sale of investments, net

0

-613

376

521

236

-7

49

871

798

3,649

5,803

Gain on repurchase of debt

-

-

-

-

-

-

620

3,444

4,230

0

18,739

Gain on OREO, net

91

0

-46

306

124

957

-13

845

5,372

-2,839

-1,165

Gain/(loss) on sale of affiliates

0

18,142

-1,264

2,862

0

0

10,574

0

0

-

-

Other

2,974

853

2,098

3,410

3,722

870

2,414

597

1,610

768

3,120

Total fees and other income

101,547

149,997

153,966

158,787

161,169

140,798

136,341

115,113

118,911

105,628

126,449

Operating expense:
Salaries and employee benefits

134,302

161,468

178,406

164,683

159,401

146,648

140,761

143,852

142,872

139,084

127,707

Occupancy and equipment

32,038

32,116

30,165

28,007

27,861

31,041

29,822

30,807

29,649

27,345

26,818

Information systems

22,642

25,185

21,796

19,229

17,020

5,816

5,827

5,380

4,644

4,733

5,271

Professional services

15,228

13,155

13,763

11,576

12,861

12,473

12,109

13,113

16,810

19,318

19,841

Marketing and business development

6,439

7,648

7,766

7,626

9,063

7,989

7,094

7,313

6,802

7,220

6,462

Amortization of intangibles

2,691

2,929

5,601

6,282

6,711

4,836

4,327

4,369

4,800

5,050

8,289

Goodwill, Impairment Loss

0

0

24,900

9,528

0

0

-

-

-

-

1,699

FDIC insurance

1,285

2,865

2,969

3,484

3,979

3,459

3,700

3,972

6,139

8,603

9,746

Restructuring

1,646

7,828

0

2,017

3,724

739

0

5,911

8,055

0

0

Other

13,935

14,161

14,569

12,521

14,561

14,128

17,065

17,279

14,553

19,475

17,125

Total operating expense

230,206

267,355

299,936

264,953

255,181

227,129

220,705

231,996

234,324

230,828

222,958

Income before income taxes

102,981

119,406

86,385

101,207

93,313

99,770

99,654

69,693

50,381

-31,618

18,017

Income tax expense

22,591

37,537

46,196

30,963

30,392

32,365

32,963

20,935

14,280

-19,491

1,632

Net income from continuing operations

80,390

81,869

40,189

70,244

62,921

67,405

66,691

48,758

36,101

-12,127

16,385

Net income from discontinued operations

0

2,002

4,870

5,541

6,411

6,160

7,792

7,635

6,184

3,743

-7,505

Net income before attribution to noncontrolling interests

80,390

83,871

45,059

75,785

69,332

73,565

74,483

56,393

42,285

-8,384

8,880

Less: Net income attributable to noncontrolling interests

362

3,487

4,468

4,157

4,407

4,750

3,948

3,122

3,148

2,586

3,649

Net income attributable to the Company

80,028

80,384

40,591

71,628

64,925

68,815

70,535

53,271

39,137

-10,970

5,231

Adjustments to net income attributable to the Company to arrive at net income attributable to common shareholders

-

-

-

-

-

-

16,636

-

-

-

-

Adjustments to net income attributable to the Company to arrive at net income attributable to common shareholders

-1,143

1,682

4,887

4,063

3,011

4,000

-

6,101

4,701

9,766

40,231

Net income attributable to common shareholders, treasury stock method

81,171

78,702

35,704

67,565

61,914

64,815

53,899

47,170

34,436

-20,736

-35,000

Net Income (Loss) Available to Common Stockholders, Diluted

-

-

-

-

-

-

-

47,170

-

-

-

Basic earnings per share attributable to common shareholders:
From continuing operations: (in dollars per share)

0.97

0.92

0.37

0.76

0.69

0.74

0.60

0.53

0.39

-0.34

-0.41

From discontinued operations: (in dollars per share)

0.00

0.02

0.06

0.07

0.08

0.08

0.10

0.09

0.07

0.05

-0.11

Total attributable to common shareholders (in dollars per share)

0.97

0.94

0.43

0.83

0.77

0.82

0.70

0.62

0.46

-0.29

-0.52

Weighted average basic common shares outstanding (in shares)

83,430

83,596

-

81,264

-

-

-

-

-

-

66,696

Diluted earnings per share attributable to common shareholders:
From continuing operations: (in dollars per share)

0.97

0.90

0.36

0.74

0.66

0.72

0.59

0.52

0.39

-0.34

-0.41

From discontinued operations: (in dollars per share)

0.00

0.02

0.06

0.07

0.08

0.08

0.09

0.09

0.07

0.05

-0.11

Total attributable to common shareholders (in dollars per share)

0.97

0.92

0.42

0.81

0.74

0.80

0.68

0.61

0.46

-0.29

-0.52

Weighted average diluted common shares outstanding (in shares)

83,920

85,331

-

83,209

-

-

-

-

-

-

66,696

Holding Company and Eliminations
Net interest income

-4,127

-3,808

-

-

-

-

-

-

-

-

-

Total fees and other income

11,729

61,439

-

-

-

-

-

-

-

-

-

Amortization of intangibles

0

154

-

-

-

-

-

-

-

-

-

Total operating expense

13,940

35,600

-

-

-

-

-

-

-

-

-

Income before income taxes

-6,338

22,031

-

-

-

-

-

-

-

-

-

Income tax expense/(benefit)

-2,287

17,079

-

-

-

-

-

-

-

-

-

Net income from continuing operations

-4,051

4,952

-

-

-

-

-

-

-

-

-

Net income from discontinued operations

0

2,000

-

-

-

-

-

-

-

-

-

Less: Net income attributable to noncontrolling interests

362

3,487

-

-

-

-

-

-

-

-

-

Net income attributable to the Company

-4,413

3,467

-

-

-

-

-

-

-

-

-

Wealth advisory fees
Fees

-

-

52,559

50,581

50,437

48,082

42,352

37,659

34,553

31,733

34,834

Wealth management and trust fees
Fees

75,757

99,818

45,362

43,980

51,309

34,582

26,547

23,646

23,553

-

-

Investment management fees
Fees

10,155

21,728

45,515

44,410

45,694

47,123

43,816

39,163

39,803

60,199

54,697

Other banking fee income
Fees

10,948

9,826

8,915

12,050

8,440

7,033

7,463

5,663

6,503

6,869

4,954

Gain on sale of loans, net
Revenue from contracts with customers

1,622

243

451

667

1,207

2,158

2,519

3,225

2,489

5,249

5,467

Fees

1,622

243

-

-

-

-

-

-

-

-

-

Common Stock [Member]
Net Income (Loss) Attributable to Parent

-

-

0

-

-

-

-

-

-

-

-

Weighted Average Number of Shares Outstanding, Basic

-

-

82,430

-

-

-

-

-

-

-

-

Weighted Average Number of Shares Outstanding, Diluted

-

-

84,802

-

-

-

-

-

-

-

-