Burke & Herbert Financial Services Corp. (BHRB)

BHRB Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	240.8	101.8	73.64	73.17	78.26	84.73
Interest Income on Investments	50.75	45.1	38.99	27.65	22.74	25.95
Total Interest Income	291.55	146.9	112.63	100.82	101	110.69
Interest Paid on Deposits	95.23	39.2	3.74	2.75	9.7	17.57
Interest Paid on Borrowings	18.94	13.94	5.2	1.47	1.59	3.88
Total Interest Expense	114.17	53.14	8.94	4.22	11.28	21.46
Net Interest Income	177.38	93.76	103.69	96.6	89.72	89.23
Net Interest Income Growth (YoY)	78.51%	-9.58%	7.34%	7.68%	0.54%	-6.76%
Trust Income	7.34	5.35	5.31	5.16	4.45	4.25
Gain (Loss) on Sale of Assets	-0.04	-0.04	4.53	1.06	-0.01	-
Gain (Loss) on Sale of Investments	-1.91	-2.64	-2.98	-2.72	-0.77	0.47
Other Non-Interest Income	21.25	12.71	12.23	12.09	12.61	10.7
Total Non-Interest Income	26.64	15.39	19.09	15.6	16.28	15.43
Non-Interest Income Growth (YoY)	37.65%	-19.40%	22.42%	-4.19%	5.49%	-11.96%
Revenues Before Loan Losses	204.02	109.15	122.79	112.2	106	104.66
Provision for Loan Losses	22.64	0.21	-7.47	-1	12.65	6.24
Revenue	181.38	108.93	130.25	113.2	93.35	98.42
Revenue Growth (YoY)	54.16%	-16.37%	15.06%	21.27%	-5.15%	-12.18%
Salaries and Employee Benefits	73.02	46.18	45.14	44.44	40.8	52.9
Selling, General & Administrative	33.9	14.94	14.68	13.29	11.59	12.56
Other Non-Interest Expense	37.94	22.75	18.13	15.03	12.52	16.32
Total Non-Interest Expense	144.86	83.87	77.95	72.76	64.91	81.7
EBT Excluding Unusual Items	36.52	25.06	52.3	40.44	28.44	16.72
Pretax Income	25.22	25.06	52.3	40.44	28.44	16.72
Income Tax Expense	4.23	2.37	8.29	4.28	1.94	-0.26
Net Income	20.99	22.69	44.01	36.17	26.5	16.98
Net Income to Common	20.54	22.69	44.01	36.17	26.5	16.98
Net Income Growth	-32.21%	-48.44%	21.70%	36.48%	56.08%	-50.63%
Basic Shares Outstanding	11	7	7	7	7	7
Diluted Shares Outstanding	11	8	7	7	7	7
Shares Change (YoY)	40.88%	0.52%	0.51%	-0.33%	-0.56%	-1.02%
EPS (Basic)	1.96	3.05	5.93	4.87	3.56	2.27
EPS (Diluted)	1.93	3.02	5.89	4.87	3.55	2.27
EPS Growth	-53.13%	-48.73%	20.94%	37.18%	56.73%	-50.12%
Dividend Per Share	2.140	2.120	2.120	2.030	2.000	2.000
Dividend Growth	-42.32%	0%	4.43%	1.50%	0%	0%
Effective Tax Rate	16.75%	9.45%	15.84%	10.58%	6.82%	-

Source: S&P Capital IQ. Banks template. Financial Sources.