secwatch.observer — SEC 8-K summary
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Issuer:     Burke & Herbert Financial Services Corp. (BHRB)
CIK:        0001964333
Form:       8-K
Filed at:   2023-04-28T23:59:59+00:00
Accession:  0001964333-23-000130
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1964333/000196433323000130/0001964333-23-000130-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1964333/000196433323000130/bhrb-20230428.htm
  HTML page:      https://secwatch.observer/filing/0001964333-23-000130

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer