Burke & Herbert Q1 net income $7.5M (down $1.6M YoY); declares $0.53 dividend

Burke & Herbert Financial Services Corp.

2023-Q1 EPS reported $1.00

Net income $7.5M for Q1 2023 vs $9.1M in Q1 2022; total revenue (non-GAAP) $29.0M, up 5% YoY.
Interest income $34.3M (+42% YoY) but interest expense surged to $9.6M from $0.8M, compressing net interest margin.
Loans net $1.9B (+11% YoY); investment portfolio fair value $1.4B (-11% YoY).
Declared $0.53 per share regular cash dividend, payable June 1, 2023 to holders of record May 15, 2023.
Common shares began trading on Nasdaq on April 26, 2023, up-listing from OTC Markets.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Burke & Herbert Financial Services Corp. reported quarter ended March 31, 2023 results: net income $7.5 million.

Period: quarter ended March 31, 2023
Net income: $7.5 million
Result: reported results

Exact text from the filing

Net income for the three months ended March 31, 2023, was $7.5 million or $1.6 million lower than the three months ended March 31, 2022.

View on SEC.gov

20 earnings releases filed in the last 30 days. Browse all earnings releases →

Burke & Herbert Financial Services Corp. filing history →

Source: SEC EDGAR

accession 0001964333-23-000130

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.