Company Quick10K Filing
Beneficial Bancorp
10-K 2018-12-31 Filed 2019-02-26
10-Q 2018-09-30 Filed 2018-11-07
10-Q 2018-06-30 Filed 2018-07-26
10-Q 2018-03-31 Filed 2018-04-26
10-K 2017-12-31 Filed 2018-02-28
10-Q 2017-09-30 Filed 2017-10-26
10-Q 2017-06-30 Filed 2017-07-27
10-Q 2017-03-31 Filed 2017-04-27
10-K 2016-12-31 Filed 2017-02-27
10-Q 2016-09-30 Filed 2016-10-27
10-Q 2016-06-30 Filed 2016-07-28
10-Q 2016-03-31 Filed 2016-04-28
10-K 2015-12-31 Filed 2016-02-26
10-Q 2015-09-30 Filed 2015-10-29
10-Q 2015-06-30 Filed 2015-07-30
10-Q 2015-03-31 Filed 2015-04-30
10-K 2014-12-31 Filed 2015-02-26
10-Q 2014-09-30 Filed 2014-12-10
8-K 2019-02-01 M&A, Shareholder Rights, Control, Officers, Amend Bylaw, Exhibits
8-K 2019-02-01 Earnings, Other Events, Exhibits
8-K 2018-12-06 Shareholder Vote, Other Events, Exhibits
8-K 2018-11-29 Other Events
8-K 2018-10-19 Earnings, Other Events, Exhibits
8-K 2018-08-08 Other Events, Exhibits
8-K 2018-08-07 Enter Agreement, Amend Bylaw, Exhibits
8-K 2018-07-20 Earnings, Other Events, Exhibits
8-K 2018-06-12 Regulation FD, Exhibits
8-K 2018-04-20 Earnings, Other Events, Exhibits
8-K 2018-04-19 Regulation FD, Exhibits
8-K 2018-04-19 Shareholder Vote
8-K 2018-02-13 Regulation FD, Exhibits
8-K 2018-02-01 Earnings, Other Events, Exhibits

Beneficial Bancorp Financials

BNCL Metrics, Comps, Filings

Quarterly | Annual

Business

Beneficial Bancorp, Inc. (the "Company") is a Maryland corporation that was incorporated in August 2014 to be the successor to Beneficial Mutual Bancorp, Inc. ("Beneficial Mutual Bancorp") upon completion of the second-step conversion of Beneficial Bank (the "Bank") from the two-tier mutual holding company structure to the stock holding company structure. Beneficial Savings Bank MHC was the former mutual holding company for Beneficial Mutual Bancorp prior to completion of the second-step conversion. In conjunction with the second-step conversion, Beneficial Savings Bank MHC merged into Beneficial Mutual Bancorp (and ceased to exist), and Beneficial Mutual Bancorp merged into the Company, with the Company as the surviving entity. The second-step conversion was completed on January 12, 2015, at which time the Company sold, for gross proceeds of $503.8 million, a total of 50,383,817 shares of common stock at $10.00 per share, including 2,015,352 shares purchased by the Bank's employee savings and stock ownership plan. As part of the second-step conversion, each of the existing 29,394,417 outstanding shares of Beneficial Mutual Bancorp common stock owned by persons other than Beneficial Savings Bank MHC was converted into 1.0999 of a share of Company common stock. Upon the completion of the second-step conversion, the Bank changed its legal name from Beneficial Mutual Savings Bank to Beneficial Bank.

The consolidated financial statements include the accounts of the Company, the Bank, a Pennsylvania chartered savings bank, and the Bank's subsidiaries. The Company owns 100% of the issued and outstanding common stock of the Bank. The Bank offers a variety of consumer and commercial banking services to individuals, businesses, and nonprofit organizations through 61 offices throughout the Philadelphia and Southern New Jersey area. The Bank is supervised and regulated by the Pennsylvania Department of Banking and Securities and the Federal Deposit Insurance Corporation (the "FDIC"). The Company is regulated by the Board of Governors of the Federal Reserve System. The deposits of the Bank are insured up to the applicable legal limits by the Deposit Insurance Fund of the FDIC.

Beneficial Bancorp's business activities are the ownership of Beneficial Bank's capital stock. Beneficial Bancorp does not own or lease any property but instead uses the premises, equipment and other property of Beneficial Bank with the payment of appropriate rental fees, as required by applicable law and regulations, under the terms of an expense allocation agreement. Accordingly, the information set forth in this Annual Report, including the consolidated financial statements and related financial data, relates primarily to Beneficial Bank.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Columbia Financial (CLBK) 1,806 0% 18.5 1% 7,070 6,078 3 0 56 155 2,877
Axos Financial (AX) 1,703 0% 2.5 1% 11,771 10,655 32 0 159 405 1,000
Provident Financial Services (PFS) 1,620 0% 5.8 1% 9,918 8,521 31 0 122 235 1,359
Meta Financial Group (CASH) 1,262 0% 7.5 2% 6,183 5,339 487 0 100 179 1,352
Oceanfirst Financial (OCFC) 1,193 5.9 1% 8,135 6,991 0 0 92 175 1,037
Brookline Bancorp (BRKL) 1,187 9.5 1% 7,878 6,946 0 0 88 209 1,995
Kearny Financial (KRNY) 1,149 7.1 1% 6,641 5,530 0 0 42 144 1,020
Beneficial Bancorp (BNCL) 1,034 2.6 1% 5,807 4,757 0 0 34 69 181
Northfield Bancorp (NFBK) 794 0% 8.8 1% 4,808 4,118 4 0 30 82 724
Dime Community Bancshares (DCOM) 775 0% 5.3 1% 6,425 5,816 4 0 42 124 662
First Defiance Financial (FDEF) 575 5.2 1% 3,351 2,933 0 0 49 90 463
Access National (ANCX) 571 0% 8.5 1% 3,021 2,579 9 0 27 53 446
Sterling Bancorp (SBT) 518 2.7 2% 3,322 2,971 0 0 59 136 371
HomeTrust Bancshares (HTBI) 463 0% 5.0 1% 3,655 3,242 8 0 28 69 346
Waterstone Financial (WSBF) 460 16.2 1% 2,005 1,618 0 0 27 56 910
Farmers & Merchants Bancorp (FMAO) 314 5.9 1% 1,575 1,347 0 0 17 34 200
Territorial Bancorp (TBNK) 282 0% 5.3 1% 2,086 1,840 2 0 23 48 253
Northrim Bancorp (NRIM) 277 0% 5.5 1% 1,617 1,413 3 0 21 33 185
Provident Bancorp (PVBC) 258 13.7 1% 1,031 899 0 0 10 23 311
PDL Community Bancorp (PDLB) 257 13.5 0% 1,100 939 0 0 3 15 209

Balance Sheet ($MM)2014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-31
Cash15603587843852
Accounts Receivable
Inventory
PP&E109807978106727877112747372111696869111
Assets4,7524,7704,7364,7284,8274,8155,5145,5805,7395,8625,8295,8185,7995,7895,7705,8685,807
Accounts Payable
Long-Term Debt
Liabilities4,1413,6763,6353,6163,7113,7684,4884,5574,7254,8324,7994,7794,7644,7734,7484,8304,757
Stockholders' Equity6111,0951,1021,1121,1161,0471,0261,0231,0141,0301,0301,0381,0341,0161,0221,0371,050
Income Statement ($MM)2014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-31
Revenue
Cost of Revenue
Gross Profit
R&D
SG&A111111121112221
Tax2333225545519354
Net Income576553108899-3101212
Cash Flow ($MM)2014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-31
Cash Operating31218710151623211736182820
Cash Investing-2487-13-143-110-11815-77-1976849-5153
Cash Financing18-39-22100-229552156113-21-23-22-3883