Burke & Herbert Financial Services Corp.
Description
Burke & Herbert Financial Services Corp. operates as the bank holding company for Burke & Herbert Bank & Trust Company that provides various community banking products and services in Virginia and Maryland. It offers consumer and commercial deposit products, such as digital banking, demand, negotiable order of withdrawal, money market, and savings accounts, as well as certificates of deposit. The company also provides loans, such as commercial real estate, single family residential, owner-occupied commercial real estate, residential mortgage, acquisition, construction and development, commercial and industrial, and consumer non-real estate and other loans. In addition, it offers treasury and cash management services; and online and mobile banking, and wealth and trust services. The company was founded in 1852 and is headquartered in Alexandria, Virginia.
About
CEO
Mr. David P. Boyle CPA
Employees
400
Instrument type
Common Stock
Sector
Financial Services
Industry
Banks - Regional
MIC code
XNCM
Address
100 S. Fairfax Street, Alexandria, VA 22314, United States
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Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Jul 24, 2025 | — | — | — | — |
| Apr 24, 2025 | — | — | — | — |
| Jan 25, 2025 | 1.78 | 1.77 | -0.01 | -0.56% |
| Oct 25, 2024 | 1.75 | 1.82 | 0.07 | 4.00% |
| Jul 26, 2024 | — | -1.41 | — | — |
Earnings estimate
|
Current Quarter
(Mar 2025)
|
Next Quarter
(Jun 2025)
|
Current Year
(Dec 2025)
|
Next Year
(Dec 2026)
|
|
|---|---|---|---|---|
| Number of analysts | 2 | 2 | 2 | 2 |
| Average estimate | 1.77 | 1.81 | 7.48 | 7.85 |
| Low estimate | 1.76 | 1.78 | 7.40 | 7.64 |
| High estimate | 1.78 | 1.84 | 7.55 | 8.05 |
| Last year EPS | — | 2.04 | 6.55 | 7.48 |
[stock_revenue_estimate]
Growth estimates
Current qtr (Mar 2025)
—
Next qtr. (Jun 2025)
-11.270%
Current year (Dec 2025)
6.630%
Next year (Dec 2026)
4.950%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 110.94M | 120.18M | 113.06M | 108.72M | 107.46M |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 53.20M | 51.33M | 47.82M | 43.06M | 55.21M |
| Other operating expenses | 14.17M | 13.76M | 12.81M | 13.35M | 15.07M |
| Operating income | — | — | — | — | — |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | — | — | — | — | — |
| Other income expense | — | — | — | — | — |
| Pretax income | 25.06M | 52.30M | 40.44M | 28.44M | 16.72M |
| Tax provision | 2.37M | 8.29M | 4.28M | 1.94M | -255,000 |
| Net income | 22.69M | 44.01M | 36.17M | 26.50M | 16.98M |
| Basic EPS | 3.05 | 5.93 | 4.52 | 3.31 | 2.12 |
| Diluted EPS | 3.05 | 5.89 | 4.52 | 3.31 | 2.12 |
| Basic average shares | 7.43M | 7.43M | 8.00M | 8.00M | 8.00M |
| Diluted average shares | 7.43M | 7.43M | 8.00M | 8.00M | 8.00M |
| EBITDA | — | — | — | — | — |
| Net income from continuing op. | 22.69M | 44.01M | 36.17M | 26.50M | 16.98M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | — | — | — | — | — |
| Current assets | |||||
| Cash | 8.90M | 9.12M | 8.99M | 14.67M | 83.75M |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 44.50M | 50.30M | 77.36M | 228.70M | 83.75M |
| Other short term investments | 1.25B | 1.37B | 1.61B | 1.16B | 693.75M |
| Accounts receivable | 15.90M | 15.48M | 15.25M | 13.78M | 8.11M |
| Other receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Prepaid assets | — | — | — | — | — |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | — |
| Non current assets | |||||
| Properties | — | — | — | — | — |
| Land and improvements | 14.63M | 14.63M | 12.79M | 14.08M | 14.35M |
| Machinery furniture equipment | 17.51M | 18.71M | 23.79M | 24.15M | 23.53M |
| Construction in progress | — | — | — | — | — |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -35.18M | -37.16M | -43.82M | -43.06M | -42.54M |
| Goodwill | — | — | — | — | — |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | — | — | — | — | — |
| Investments and advances | 1.25B | 1.37B | 1.61B | 1.16B | 693.75M |
| Other non current assets | — | — | — | — | — |
| Total liabilities | — | — | — | — | — |
| Current liabilities | |||||
| Accounts payable | 28.95M | 25.95M | 23.70M | 25.46M | 43.40M |
| Accrued expenses | — | — | — | — | — |
| Short term debt | — | — | — | 83.90M | — |
| Deferred revenue | — | — | — | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 272.00M | 343.10M | 275.00M | 225.00M | 75.00M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | — | — | — | — | — |
| Shareholders equity | |||||
| Common stock | 4.00M | 4.00M | 4.00M | 4.00M | 3.74M |
| Retained earnings | 427.33M | 424.39M | 396.12M | 374.83M | 338.33M |
| Other shareholders equity | -103.49M | -139.50M | 6.96M | 22.58M | 1.43M |
| Total shareholders equity | 314.75M | 273.45M | 389.63M | 384.88M | 353.53M |
| Additional paid in capital | 14.50M | 12.28M | 10.37M | 10.18M | 10.03M |
| Treasury stock | 27.58M | 27.73M | 27.82M | 26.71M | — |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2006 | 2005 | 2004 | 2003 | 2002 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 22.69M | 44.01M | 36.17M | 26.50M | 16.98M | — | 22.16M | 20.80M | 20.53M | 19.64M |
| Depreciation | 2.87M | 3.05M | 3.21M | 2.94M | 3.04M | — | 3.42M | 2.59M | 1.57M | 1.66M |
| Deferred Taxes | 4.14M | 7.54M | 5.12M | 3.22M | -5.09M | — | 969,452 | -228,000 | -397,318 | -88,452 |
| Stock-Based Compensation | 2.46M | 2.00M | 283,000 | 146,000 | 32,000 | — | — | — | — | — |
| Other Non-Cash Items | -7.31M | 2.30M | 2.82M | -10.44M | -3.67M | — | -241,984 | 343,000 | 625,704 | 281,268 |
| Accounts Receivable | -414,000 | -228,000 | -1.47M | -5.67M | 1.75M | — | — | — | — | — |
| Accounts Payable | 6.48M | 3.96M | 32,000 | -6.45M | 10.87M | — | — | — | — | — |
| Other Assets & Liabilities | 3.85M | 501,000 | 2.58M | -2.33M | -5.14M | — | — | — | — | — |
| Operating Cash Flow | 34.77M | 63.14M | 48.74M | 7.90M | 18.78M | — | 26.30M | 23.50M | 22.32M | 21.49M |
| Investing Activities | ||||||||||
| Capital Expenditures | -10.87M | -14.82M | 1.48M | -2.70M | -1.77M | — | -2.71M | -2.90M | -1.34M | -1.38M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | — | — | — | — | — | — | — | — |
| Purchase of Investments | -33.22M | -367.62M | -669.95M | -679.93M | -101.78M | — | -13.11M | -242.07M | -529.46M | -332.20M |
| Sale of Investments | 189.81M | 409.50M | 195.28M | 237.89M | 264.72M | — | 41.11M | 232.01M | 520.61M | 183.50M |
| Investing Cash Flow | 157.37M | 23.94M | -472.84M | -451.02M | 162.06M | — | -172.45M | -104.61M | -74.22M | -179.14M |
| Financing Activities | ||||||||||
| Long-Term Debt Issuance | — | 68.10M | 50.00M | 150.00M | — | — | — | — | — | — |
| Long-Term Debt Payments | -119,000 | -152,000 | -152,000 | — | — | — | — | — | — | — |
| Other Financing Charges | 81.48M | -13.02M | 143.97M | 393.96M | 86.94M | — | — | — | — | — |
| Financing Cash Flow | -5.28M | 107.29M | 227.83M | 529.05M | 71.95M | — | 73.46M | 10.92M | 8.32M | -5.06M |
| Other Cash Details | ||||||||||
| End Cash Position | 44.50M | 50.30M | 77.36M | 228.70M | 83.75M | — | 26.52M | 25.51M | 27.72M | 28.13M |
| Income Tax Paid | 1.57M | 950,000 | 1.35M | 1.40M | 100,000 | — | — | — | — | — |
| Interest Paid | 45.63M | 7.80M | 4.33M | 11.66M | 21.40M | — | — | — | — | — |
| Free Cash Flow | 28.26M | 37.98M | 53.87M | 20.49M | 23.91M | — | 20.70M | 20.78M | -1.30M | 18.35M |
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Article
Burke & Herbert Financial Services Corp. Announces Fourth Quarter and Full Year 2024 Results and Declares Common Stock Dividend
ALEXANDRIA, Va. , Jan. 24, 2025 /PRNewswire/ -- Burke & Herbert Financial Services Corp. (the "Company" or "Burke & Herbert") (Nasdaq: BHRB) reported financial results for the quarter and the year ended December 31, 2024.
Jan 24, 2025
Article
Burke & Herbert Financial Services Corp. Announces Third Quarter 2024 Results and Increases Common Stock Dividend
ALEXANDRIA, Va. , Oct. 25, 2024 /PRNewswire/ -- Burke & Herbert Financial Services Corp. (the "Company" or "Burke & Herbert") (Nasdaq: BHRB) reported financial results for the quarter ended September 30, 2024.
Oct 25, 2024
Article
KBRA Assigns Ratings to Burke & Herbert Financial Services Corp.
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns a senior unsecured debt rating of BBB, a subordinated debt rating of BBB-, and a short-term debt rating of K3 for Burke & Herbert Financial Services Corp. (NASDAQ: BHRB)(“the company”). Additionally, KBRA assigns deposit and senior unsecured debt ratings of BBB+, a subordinated debt rating of BBB, and short-term deposit and debt ratings of K2 for its subsidiary, Burke and Herbert Bank and Trust Company. The Outlook for all long-term ratings is Stable.
Sep 23, 2024
