Burke & Herbert Financial Services Corp. (BHRB)
2025-06-30 | 2024-09-30 | 2024-06-30 | ||
|---|---|---|---|---|
| Revenue from contract with customer-Fiduciary And Trust | 2,425 | - | - | |
| Revenue from contract with customer-Service Other | 2,036 | - | - | |
| Other non-interest income | 2,372 | 1,481 | 1,671 | |
| Net gains on securities | 38 | - | 613 | |
| Income from company-owned life insurance | 2,982 | 1,330 | 922 | |
| Bank debit and other card revenue | 3,024 | - | - | |
| Revenue from contract with customer | - | 7,805 | 6,299 | |
| Total non-interest income | 12,877 | 10,616 | 9,505 | |
| Salaries and wages | 21,320 | 20,858 | 20,895 | |
| Other operating | 16,297 | 17,179 | 22,574 | |
| Occupancy | 3,521 | 3,412 | 2,997 | |
| Equipment rentals, depreciation and maintenance | 4,100 | 4,699 | 12,663 | |
| Pensions and other employee benefits | 4,067 | 4,678 | 5,303 | |
| Total non-interest expense | 49,305 | 50,826 | 64,432 | |
| Credit loss expense - loans | - | 85 | - | |
| Total provision for credit losses | - | 147 | 23,910 | |
| Tax-exempt securities | 3,939 | 3,135 | 2,556 | |
| Taxable securities | 9,303 | 10,076 | 10,930 | |
| Other interest income | 1,770 | 1,585 | 905 | |
| Taxable loans, including fees | 96,803 | 103,682 | 81,673 | |
| Tax-exempt loans, including fees | 43 | 48 | 33 | |
| Total interest income | 111,858 | 118,526 | 96,097 | |
| Subordinated debt | 2,730 | 2,798 | 1,860 | |
| Short-term borrowings | 4,438 | 3,080 | 4,071 | |
| Other interest expense | 26 | 28 | 28 | |
| Deposits | 30,431 | 39,441 | 30,373 | |
| Total interest expense | 37,625 | 45,347 | 36,332 | |
| Net interest income | 74,233 | 73,179 | 59,765 | |
| Credit loss expense (recapture) - off-balance sheet credit exposures | -93 | 62 | 3,810 | |
| Credit loss expense (recapture) - loans and available-for-sale securities | 717 | - | 20,100 | |
| Total provision (recapture) for credit losses | 624 | - | - | |
| Net interest income after credit loss expense | 73,609 | 73,032 | 35,855 | |
| Income (loss) before income taxes | 37,181 | 32,822 | -19,072 | |
| Income tax expense (benefit) | 7,284 | 5,200 | -2,153 | |
| Net income (loss) | 29,897 | 27,622 | -16,919 | |
| Preferred stock dividends | 225 | 225 | 225 | |
| Net income (loss) applicable to common shares | 29,672 | 27,397 | -17,144 | |
| Basic (in dollars per share) | 1.98 | 1.83 | -1.41 | |
| Diluted (in dollars per share) | 1.97 | 1.82 | -1.41 | |
| Weighted average dilutive shares (in shares) | 15,023,807 | 15,040,145 | 12,174,169 | |
| Weighted average number of shares (in shares) | 14,998,857 | 14,944,962 | 12,174,169 | |