Burke & Herbert Bank & Trust Company (BHRB)

BHRB Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	163.49	101.8	73.64	73.17	78.26	84.73
Interest Income on Investments	46.8	45.1	38.99	27.65	22.74	25.95
Total Interest Income	210.29	146.9	112.63	100.82	101	110.69
Interest Paid on Deposits	67.07	39.2	3.74	2.75	9.7	17.57
Interest Paid on Borrowings	16.14	13.94	5.2	1.47	1.59	3.88
Total Interest Expense	83.21	53.14	8.94	4.22	11.28	21.46
Net Interest Income	127.09	93.76	103.69	96.6	89.72	89.23
Net Interest Income Growth (YoY)	23.20%	-9.58%	7.34%	7.68%	0.54%	-6.76%
Trust Income	6.34	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	15.92	12.71	12.23	12.09	12.61	10.7
Total Non-Interest Income	20.31	15.39	19.09	15.6	16.28	15.43
Non-Interest Income Growth (YoY)	5.11%	-19.40%	22.42%	-4.19%	5.49%	-11.96%
Revenues Before Loan Losses	147.4	109.15	122.79	112.2	106	104.66
Provision for Loan Losses	22.73	0.21	-7.47	-1	12.65	6.24
Revenue	124.67	108.93	130.25	113.2	93.35	98.42
Revenue Growth (YoY)	0.51%	-16.37%	15.06%	21.27%	-5.15%	-12.18%
Salaries and Employee Benefits	59.98	46.18	45.14	44.44	40.8	52.9
Selling, General & Administrative	26.09	14.94	14.68	13.29	11.59	12.56
Other Non-Interest Expense	40.16	22.75	18.13	15.03	12.52	16.32
Total Non-Interest Expense	127.76	83.87	77.95	72.76	64.91	81.7
EBT Excluding Unusual Items	-3.08	25.06	52.3	40.44	28.44	16.72
Pretax Income	-3.08	25.06	52.3	40.44	28.44	16.72
Income Tax Expense	-0.51	2.37	8.29	4.28	1.94	-0.26
Earnings From Continuing Operations	-2.57	22.69	44.01	36.17	26.5	16.98
Net Income to Common	-2.8	22.69	44.01	36.17	26.5	16.98
Basic Shares Outstanding	7	7	7	7	7	7
Diluted Shares Outstanding	7	8	7	7	7	7
Shares Change (YoY)	-0.74%	0.52%	0.51%	-0.33%	-0.56%	-1.02%
EPS (Basic)	-0.38	3.05	5.93	4.87	3.56	2.27
EPS (Diluted)	-0.38	3.02	5.89	4.87	3.55	2.27
EPS Growth	-	-48.73%	20.94%	37.18%	56.73%	-50.12%
Effective Tax Rate	-	9.45%	15.84%	10.58%	6.82%	-
Dividend Per Share	1.060	2.120	2.120	2.030	2.000	2.000
Dividend Growth	-66.67%	0%	4.43%	1.50%	0%	0%

Source: S&P Capital IQ. Banks template.