secwatch.observer — SEC 8-K summary
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Issuer:     Burke & Herbert Financial Services Corp. (BHRB)
CIK:        0001964333
Form:       8-K
Filed at:   2023-07-28T23:59:59+00:00
Accession:  0001964333-23-000152
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Burke & Herbert Q2 net income $6.0M, down $4.4M YoY; dividend $0.53/share
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- Net income $6.0M, down $4.4M from Q2 2022; total non-GAAP revenue $28.4M, down 6% YoY.
- Interest income $37.1M (+40% YoY) but interest expense $13.3M, up $12.4M.
- Loans net $2.0B (+14% YoY); deposits $3.0B (+2%); investment portfolio $1.3B (-17%).
- Declared $0.53/share regular cash dividend, payable Sep 1, record Aug 15, 2023.
- Asset quality stable; capital ratios above well-capitalized levels; ample liquidity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1964333/000196433323000152/0001964333-23-000152-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1964333/000196433323000152/bhrb-20230728.htm
  HTML page:      https://secwatch.observer/filing/0001964333-23-000152

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