Blue Hills Bancorp, Inc.

No Longer Reporting

The company has not filed an annual or quarterly report since its FY2018 10-K, filed Mar 8, 2019. Its latest SEC filing is a 3 from Nov 23, 2022.

The sections below describe the company as of the FY2018 annual report.

What Did They Do?

Provides deposit accounts and loans to individuals, families, small and mid-sized businesses, and government and nonprofit organizations.

How Did They Make Money?

Earns interest and dividends on loans and investment securities, after paying interest on deposits and borrowed funds; it also collects deposit-account, card and ATM fees, and mortgage banking and loan-related income.

FY2018 revenue

Who Were Their Customers?

Customers access banking services online, through eleven branches, and through relationship managers.

Did Revenues Turn Into Profits?

Yes. It kept 27 cents of every revenue dollar as net income in FY2018.

Net income, FY2018

27% of revenue

▲ +49% vs FY2017 ($16.5M, 20%)

How Were They Changing?

Since the FY2018 annual report

Mar 26, 2019 Merger with Independent cleared regulatory approvals The merger is set to take effect April 1, 2019, subject to customary closing conditions.

Grew. Revenue grew 69% in 3 years, from $54.1M in FY2015 to $91.5M in FY2018, about 19% a year.

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