JOHN HANCOCK FINANCIAL OPPORTUNITIES FUND (BTO)
John Hancock Financial Opportunities Fund is a closed-ended equity mutual fund launched and managed by John Hancock Investment Management LLC. It is co-managed by John Hancock Asset Management. The fund invests in the public equity markets across the globe. It seeks to invest in the stocks of companies operating across the financial services sector. The fund invests in companies across all market capitalizations. It benchmarks the performance of its portfolio against the S&P Composite 1500 Banks Index. The fund was formerly known as John Hancock Bank and Thrift Opportunity Fund. John Hancock Financial Opportunities Fund was formed on August 23, 1994 and is domiciled in the United States.
Industry: Asset Management
John Hancock Financial Opportunities Fund
NYSE:BTOFinancial Services · Asset Management
+0.00%$37.42
AH Close$37.42+0.00%vs close
AH$37.42+0.00%vs close
Mkt Cap$742.15M
Float19.8M
O/S19.83M
Inst Own21.3%
SI<0.1%
Div Yield6.95%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$65.96M
Net Income$70.01M
Total Assets$845.08M
Free Cash Flow$9.35M
Debt & Equity
Debt 15%
Equity 85%
Total Debt$130M
Total Equity$714.26M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:4Reverse splitDec 30, 20084 shares → 1
Balance Sheet Details
Assets$845.08M
Liabilities$130.82M
Accounts Receivable$3.81M
Accounts Payable$495K
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-10-31 | 2013-10-31 | 2012-10-31 |
| Revenue | $65.96M | $142.41M | $24.05M | $54.85M | $255.35M | $49.19M | $179.01M | -$114.71M | $65.24M | $192.51M | $19.85M | $26.66M | $11.86M | $7.7M |
| YoY Growth | -53.7% | 492.2% | -56.2% | -78.5% | 419.1% | -72.5% | -256.0% | -275.8% | -66.1% | 869.8% | -25.6% | 124.9% | 53.9% | - |
| Cost of Revenue | $9.79M | $7.56M | $7.25M | $9.75M | $11.2M | $8.07M | $10.23M | $11.03M | $8.53M | $6.93M | $0 | $3.56M | $0 | $0 |
| Gross Profit | $56.17M | $142.41M | $24.05M | $45.1M | $244.16M | $41.12M | $168.78M | -$125.75M | $56.71M | $185.58M | $19.85M | $23.1M | $11.86M | $7.7M |
| Gross Margin | 85.2% | 100.0% | 100.0% | 82.2% | 95.6% | 83.6% | 94.3% | 109.6% | 86.9% | 96.4% | 100.0% | 86.6% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $4 | $0 | $3 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $2.41M | $2.5M | $8.53M | $2.46M | $2.56M | $1.99M | $2.28M | $2.45M | $2.27M | $1.9M | $8.14M | $7.26M | $6.07M | $4.59M |
| Other | -$22.71M | -$1.04M | $0 | $7.59M | -$1.22M | $5.62M | -$1.12M | -$1.2M | -$1.12M | -$808K | $0 | -$7.1M | $0 | $0 |
| Total Operating Expenses | -$20.31M | $1.46M | $8.53M | $10.05M | $1.33M | $7.62M | $1.16M | $1.25M | $1.16M | $1.09M | $8.14M | $7.1M | $86.41M | $69.69M |
| Operating Income (EBIT) | $76.48M | $148.51M | $15.52M | -$83.74M | $254.02M | -$104.6M | $177.85M | -$113.03M | $66M | $192.64M | $11.71M | $16M | $5.79M | $3.11M |
| Operating Margin | 115.9% | 104.3% | 64.5% | -152.7% | 99.5% | -212.6% | 99.4% | 98.5% | 101.2% | 100.1% | 59.0% | 60.0% | 48.8% | 40.4% |
| Interest Expense | $6.47M | $7.56M | $7.25M | $3.18M | $886K | $1.42M | $3.58M | $2.94M | $1.91M | $1.23M | $0 | $0 | $0 | $0 |
| Interest Income | $26.21M | $2.33M | $820K | $132K | $91K | $327K | $1.12M | $1.99M | $3.1M | $2.94M | $19K | $861K | $499K | $0 |
| Other Income (Expense) | -$6.47M | -$7.56M | -$6.88M | -$3.18M | -$886K | -$1.42M | $0 | -$113.03M | $55.19M | $180.9M | $48.96M | -$470K | $91.98M | $0 |
| Income Before Tax (EBT) | $70.01M | $140.94M | $8.64M | -$86.92M | $254.02M | -$106.02M | $177.85M | -$115.97M | $64.09M | $191.42M | $60.67M | $15.53M | $97.76M | $77.39M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$161K | $8.9M | $10.51M | $0 | $0 | $0 | $74.28M |
| Net Income | $70.01M | $140.94M | $8.64M | -$86.92M | $254.02M | -$106.02M | $177.85M | -$115.97M | $64.09M | $191.42M | $60.67M | $15.53M | $97.76M | $77.39M |
| Net Income Margin | 106.1% | 99.0% | 35.9% | -158.5% | 99.5% | -215.5% | 99.4% | 101.1% | 98.2% | 99.4% | 305.6% | 58.2% | 824.6% | 1004.7% |
| Supplementary Data | ||||||||||||||
| EPS | 3.53 | 7.15 | 0.44 | -4.53 | 13.36 | -5.65 | 9.52 | -6.22 | 3.44 | 10.29 | 3.27 | 0.84 | 5.28 | 4.18 |
| Diluted EPS | 3.53 | 7.15 | 0.44 | -4.53 | 13.36 | -5.65 | 9.52 | -6.22 | 3.44 | 10.29 | 3.27 | 0.84 | 5.28 | 4.18 |
| Weighted Average OS | 19.82M | 19.74M | 19.69M | 19.19M | 19.01M | 18.85M | 18.68M | 18.64M | 18.63M | 18.60M | 18.56M | 18.53M | 18.53M | 18.53M |
| EBITDA | $76.48M | $148.51M | $15.52M | -$83.74M | $254.91M | -$104.6M | $181.42M | -$115.97M | $64.09M | $191.42M | $11.71M | $15.53M | $97.77M | $77.39M |
| EBITDA Margin | 115.9% | 104.3% | 64.5% | -152.7% | 99.8% | -212.6% | 101.4% | 101.1% | 98.2% | 99.4% | 59.0% | 58.2% | 824.7% | 1004.7% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-10-31 | 2013-10-31 | 2012-10-31 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $0 | $93K | $133K | $1.09M | $881K | $625K | $581 | $11K | $424K | $1.48M | $2.18M | -$5.13M | $5.89M | $1.91M |
| Short-Term Investments | $6.51M | $3.12M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5.13M | $0 | $0 |
| Cash and Short-Term Investments | $6.51M | $3.21M | $133K | $1.09M | $881K | $625K | $581 | $11K | $424K | $1.48M | $2.18M | $5.13M | $5.89M | $1.91M |
| Accounts Receivable | $3.81M | $5.17M | $4.18M | $3.94M | $4.09M | $4.44M | $1.65M | $1.42M | $2.17M | $2.24M | $2.39M | $3.96M | $862K | $2.26M |
| Inventory | $0 | $0 | $0 | $6.29M | $8.99M | $0 | $2.94M | $8.27M | $0 | $5.89M | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | -$5.17M | $7.08M | -$6.29M | -$8.99M | -$5.06M | -$2.94M | $635K | $8.39M | $1.92M | $704K | $3.88M | $4.01M | $133K |
| Total Current Assets | $10.32M | $3.21M | $11.39M | $5.03M | $4.97M | $0 | $1.66M | $1.43M | $2.59M | $3.72M | $5.28M | $5.08M | $10.77M | $4.3M |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $834.61M | $819.55M | $723.27M | $752.65M | $877.5M | $655.64M | $803.88M | $661.8M | $797.15M | $758.07M | $375.75M | $574.94M | $311.15M | $346.61M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $148K | $0 | $0 | $0 | $0 | $0 | $0 | -$661.8M | -$797.15M | -$758.07M | $215.36M | -$1.87M | $200.21M | -$346.61M |
| Total Long-Term Assets | $834.76M | $819.55M | $723.27M | $752.65M | $877.5M | $655.64M | $803.88M | $661.8M | $797.15M | $758.07M | $591.11M | $573.07M | $511.36M | $346.61M |
| Other Assets | $0 | $2.2M | -$6.93M | $206K | $237K | $660.71M | $10K | $18K | $0 | $0 | $0 | $5.88M | $0 | $0 |
| Total Assets | $845.08M | $824.97M | $727.73M | $757.89M | $882.71M | $660.71M | $805.55M | $663.25M | $799.74M | $761.79M | $596.39M | $584.04M | $522.13M | $350.9M |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $495K | $580K | $648K | $539K | $78K | $753K | $253K | $302K | $299K | $125K | $4.32M | $1.03M | $610K | $0 |
| Short-Term Debt | $0 | $130M | $125M | $125M | $125M | $125M | $0 | $0 | $0 | $0 | $110M | $110M | $95M | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | -$124.46M | -$124.92M | -$124.25M | -$124.75M | -$119.7M | -$109.7M | -$109.88M | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | -$797K | -$10K | -$263K | -$890K | $124.58M | -$451K | -$470K | -$284K | -$4.1M | $0 | $0 | $354K |
| Total Current Liabilities | $678K | $130.76M | $125.8M | $539K | $78K | $753K | $253K | $302K | $299K | $125K | $110.22M | $111.15M | $95.77M | $355K |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $130M | $130M | $0 | $125M | $125M | $0 | $125M | $120M | $110M | $110M | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $822K | $402K | $125.33M | $125.23M | -$125M | $87K | $0 | -$120M | -$110M | -$110M | $0 | $199K | $0 | $0 |
| Total Long-Term Liabilities | $130.82M | $130.4M | $182K | $539K | $78K | $87K | $125.49M | $120.59M | $110.55M | $110.38M | $0 | $112.67M | $0 | $0 |
| Other Liabilities | $0 | $0 | $125.98M | $124.69M | $125.32M | -$125.98M | -$253K | -$302K | -$299K | -$125K | $0 | -$111.15M | $0 | $0 |
| Total Liabilities | $130.82M | $130.98M | $125.98M | $125.76M | $125.47M | $125.98M | $125.49M | $120.59M | $110.55M | $110.38M | $110.22M | $112.67M | $95.77M | $355K |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $370.64M | $368.95M | $366.4M | $354.6M | $344.87M | $334.89M | $333M | $332.34M | $331.91M | $330.64M | $329.19M | $328.04M | $328.04M | $328.04M |
| Retained Earnings | $343.62M | $325.04M | $235.35M | $277.52M | $412.37M | $199.84M | $347.06M | $210.32M | $279K | $1.27M | $156.88M | -$5.6M | $98.23M | $22.41M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $148.92M | $0 | $0 |
| Other Stockholders' Equity | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $357M | $319.51M | $0 | $148.92M | $0 | $0 |
| Total Equity | $714.26M | $693.98M | $601.75M | $632.13M | $757.24M | $534.74M | $680.05M | $542.65M | $689.19M | $651.42M | $486.06M | $471.37M | $426.27M | $350.45M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $845.08M | $824.97M | $727.73M | $757.89M | $882.71M | $660.71M | $805.55M | $663.25M | $799.74M | $761.79M | $596.29M | $584.04M | $522.03M | $350.81M |
| Supplementary Data | ||||||||||||||
| Total Debt | $130M | $130M | $125M | $125M | $125M | $125M | $125M | $120M | $110M | $110M | $110M | $110M | $95M | $0 |
| Net Debt | $130M | -$93K | $124.87M | $123.91M | $124.12M | $124.38M | $125M | $119.99M | $109.58M | $108.52M | $107.82M | $115.14M | $89.11M | -$1.91M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-10-31 | 2013-10-31 | 2012-10-31 |
| Operating Activities | ||||||||||||||
| Net Income | $70.01M | $140.94M | $8.64M | -$86.92M | $254.02M | -$106.02M | $177.85M | -$115.97M | $64.09M | $191.42M | $60.67M | $15.53M | $97.76M | $77.39M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | $531K | -$161K | -$37K | $147K | $346K | -$2.78M | -$233K | $726K | $96K | $498K | $2.52M | -$2.68M | $1.39M | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$463 | $35K | -$25K | -$13K | -$623K | $640K | $18K | -$121K | $113K | $29K | $0 | $141K | $0 | $0 |
| Other Working Capital | -$155K | -$36K | $101K | $335K | -$108K | -$157K | -$110K | $169K | $37K | $22K | $10K | $1.18M | -$267K | $0 |
| Total Working Capital Change | $375K | -$162K | $40K | $469K | -$385K | -$2.3M | -$324K | $773K | $246K | $549K | $2.53M | -$1.35M | $1.13M | $0 |
| Other Non-Cash Items | -$61.04M | -$96.28M | $29.38M | $124.85M | -$221.86M | $148.24M | -$142.09M | $135.35M | -$39.08M | -$166.61M | -$12.98M | -$8.69M | -$167.96M | -$77.39M |
| Net Cash from Operating | $9.35M | $44.5M | $38.06M | $38.4M | $31.77M | $39.92M | $35.43M | $20.16M | $25.25M | $25.36M | $50.22M | $2.95M | -$69.07M | $0 |
| Investing Activities | ||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$99.66M | -$94.12M | -$87.74M | -$83.03M | -$114.05M | -$56.37M | -$92.91M | -$84.02M | -$40.61M | -$66.94M | $0 | -$51.87M | $0 | $0 |
| Sales of Investments | $142.52M | $125.83M | $119.36M | $98.83M | $128.03M | $95.61M | $113.21M | $87.21M | $69.65M | $86.24M | $0 | $61.3M | $0 | $0 |
| Other Investing Activities | $0 | -$31.7M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $42.86M | $31.7M | $31.63M | $15.8M | $13.99M | $39.24M | $20.3M | $3.19M | $29.04M | $19.3M | $0 | $9.43M | $0 | $0 |
| Financing Activities | ||||||||||||||
| Debt Repaid | - | - | - | - | - | - | - | - | - | - | - | - | -$95M | - |
| Common Stock Issuance | $0 | $0 | $9.22M | $6.6M | $7.43M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | -$834K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$208K | $0 | $0 | $0 | $0 |
| Dividends Paid | -$49.74M | -$48.71M | -$48.24M | -$44.79M | -$38.95M | -$39.3M | -$40.44M | -$30.57M | -$26.31M | -$25.86M | -$38.69M | -$21.95M | -$21.95M | $0 |
| Other Financing Activities | $834K | $0 | $0 | $0 | $0 | $0 | $5M | $10M | $0 | $0 | $0 | $10.97M | $0 | $0 |
| Net Cash from Financing | -$48.9M | -$44.54M | -$39.01M | -$38.19M | -$31.52M | -$39.3M | -$35.44M | -$20.57M | -$26.31M | -$26.06M | -$38.69M | -$10.97M | $73.05M | $0 |
| Forex Effect | -$3.4M | $1.24M | -$3.12M | -$15.8M | -$13.99M | -$39.24M | -$20.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$93K | -$40K | -$959K | $211K | $256K | $624K | -$11K | -$412K | -$1.06M | -$704K | $11.53M | $1.41M | $3.98M | $0 |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | $9.35M | $44.5M | $38.06M | $38.4M | $31.77M | $39.92M | $35.43M | $20.16M | $25.25M | $25.36M | $50.22M | $2.95M | -$69.07M | $0 |
| Capital Expenditure | $3 | $0 | -$4 | $0 | $4 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $9.35M | $44.5M | $38.06M | $38.4M | $31.77M | $39.92M | $35.43M | $20.16M | $25.25M | $25.36M | $50.22M | $2.95M | -$69.07M | $0 |
| Cash at Beginning | $93K | $133K | $1.09M | $881K | $625K | $581 | $11K | $424K | $1.48M | $2.18M | -$11.27M | $5.89M | $1.91M | $0 |
| Cash at End | $0 | $93K | $133K | $1.09M | $881K | $625K | $581 | $11K | $424K | $1.48M | $262K | $7.3M | $5.89M | $0 |