Burke & Herbert Financial Services Corp. (BHRB)

BHRB Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	311.42	101.8	73.64	73.17	78.26
Interest Income on Investments	54.74	45.1	38.99	27.65	22.74
Total Interest Income	366.16	146.9	112.63	100.82	101
Interest Paid on Deposits	118.66	39.2	3.74	2.75	9.7
Interest Paid on Borrowings	21.71	13.94	5.2	1.47	1.59
Total Interest Expense	140.38	53.14	8.94	4.22	11.28
Net Interest Income	225.79	93.76	103.69	96.6	89.72
Net Interest Income Growth (YoY)	140.81%	-9.58%	7.34%	7.68%	0.54%
Trust Income	8.41	5.35	5.31	5.16	4.45
Gain (Loss) on Sale of Assets	-	-0.04	4.53	1.06	-0.01
Gain (Loss) on Sale of Investments	1.36	-2.64	-2.98	-2.72	-0.77
Other Non-Interest Income	26.4	12.71	12.23	12.09	12.61
Total Non-Interest Income	36.17	15.39	19.09	15.6	16.28
Non-Interest Income Growth (YoY)	135.01%	-19.40%	22.42%	-4.19%	5.49%
Revenues Before Loan Losses	261.95	109.15	122.79	112.2	106
Provision for Loan Losses	24.22	0.21	-7.47	-1	12.65
Revenue	237.73	108.93	130.25	113.2	93.35
Revenue Growth (YoY)	118.23%	-16.37%	15.06%	21.27%	-5.15%
Salaries and Employee Benefits	94.28	46.18	45.14	44.44	40.8
Selling, General & Administrative	34.75	14.94	14.68	13.29	11.59
Other Non-Interest Expense	68.81	22.75	18.13	15.03	12.52
Total Non-Interest Expense	197.83	83.87	77.95	72.76	64.91
EBT Excluding Unusual Items	39.9	25.06	52.3	40.44	28.44
Pretax Income	39.9	25.06	52.3	40.44	28.44
Income Tax Expense	4.19	2.37	8.29	4.28	1.94
Net Income	35.71	22.69	44.01	36.17	26.5
Preferred Dividends & Other Adjustments	0.68	-	-	-	-
Net Income to Common	35.03	22.69	44.01	36.17	26.5
Net Income Growth	57.36%	-48.44%	21.70%	36.48%	56.08%
Basic Shares Outstanding	12	7	7	7	7
Diluted Shares Outstanding	12	8	7	7	7
Shares Change (YoY)	65.49%	0.52%	0.51%	-0.33%	-0.56%
EPS (Basic)	2.82	3.05	5.93	4.87	3.56
EPS (Diluted)	2.82	3.02	5.89	4.87	3.55
EPS Growth	-6.62%	-48.73%	20.94%	37.18%	56.73%
Dividend Per Share	2.160	2.120	2.120	2.030	2.000
Dividend Growth	1.89%	0%	4.43%	1.50%	0%
Effective Tax Rate	10.50%	9.45%	15.84%	10.58%	6.82%

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