Burke & Herbert Financial Services Corp. (BHRB)

BHRB Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	380.45	311.42	101.8	73.64	73.17	78.26
Interest Income on Investments	57.75	54.74	45.1	38.99	27.65	22.74
Total Interest Income	438.2	366.16	146.9	112.63	100.82	101
Interest Paid on Deposits	137.58	118.66	39.2	3.74	2.75	9.7
Interest Paid on Borrowings	23.98	21.71	13.94	5.2	1.47	1.59
Total Interest Expense	161.56	140.38	53.14	8.94	4.22	11.28
Net Interest Income	276.64	225.79	93.76	103.69	96.6	89.72
Net Interest Income Growth (YoY)	203.61%	140.81%	-9.58%	7.34%	7.68%	0.55%
Trust Income	9.44	8.41	5.35	5.31	5.16	4.45
Gain (Loss) on Sale of Assets	-2.18	-2.18	-0.04	4.53	1.06	-0.01
Gain (Loss) on Sale of Investments	-0.97	-1.17	-2.64	-2.98	-2.72	-0.77
Other Non-Interest Income	31.14	26.4	12.71	12.23	12.09	12.61
Total Non-Interest Income	37.43	31.46	15.39	19.09	15.6	16.28
Non-Interest Income Growth (YoY)	142.59%	104.45%	-19.40%	22.42%	-4.19%	5.49%
Revenues Before Loan Losses	314.07	257.25	109.15	122.79	112.2	106
Provision for Loan Losses	25.39	24.22	0.21	-7.47	-1	12.65
Revenue	288.68	233.03	108.93	130.25	113.2	93.35
Revenue Growth (YoY)	168.50%	113.92%	-16.37%	15.06%	21.27%	-5.15%
Salaries and Employee Benefits	104.92	91.4	46.18	45.14	44.44	40.8
Selling, General & Administrative	45.57	39.52	14.73	14.42	13.29	11.59
Other Non-Interest Expense	34.84	25.71	19.96	18.39	15.03	12.52
Total Non-Interest Expense	185.33	156.63	80.87	77.95	72.76	64.91
EBT Excluding Unusual Items	103.35	76.4	28.06	52.3	40.44	28.44
Pretax Income	66.85	39.9	25.06	52.3	40.44	28.44
Income Tax Expense	9.16	4.19	2.37	8.29	4.28	1.94
Net Income	57.7	35.71	22.69	44.01	36.17	26.5
Preferred Dividends & Other Adjustments	0.9	0.68	-	-	-	-
Net Income to Common	56.8	35.03	22.69	44.01	36.17	26.5
Net Income Growth	183.11%	57.36%	-48.44%	21.70%	36.48%	56.08%
Basic Shares Outstanding	14	12	7	7	7	7
Diluted Shares Outstanding	14	12	8	7	7	7
Shares Change (YoY)	90.57%	65.74%	0.52%	0.51%	-0.33%	-0.56%
EPS (Basic)	3.98	2.83	3.05	5.93	4.87	3.56
EPS (Diluted)	3.98	2.82	3.02	5.89	4.87	3.55
EPS Growth	46.75%	-6.62%	-48.73%	20.95%	37.18%	56.73%
Dividend Per Share	2.180	2.160	2.120	2.120	2.030	2.000
Dividend Growth	2.83%	1.89%	-	4.43%	1.50%	-
Effective Tax Rate	13.70%	10.50%	9.45%	15.84%	10.58%	6.82%

Updated Apr 25, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q