Burke & Herbert Q3 net income $4.1M ($0.55 EPS); declares $0.53 dividend; merger with Summit progresses

Burke & Herbert Financial Services Corp.

2023-Q3 EPS reported $2.35

Q3 2023 net income $4.1M ($0.55 diluted EPS); operating net income $5.6M ($0.75 diluted EPS).
Total loans up $69.6M (13.8% annualized growth) to $2.1B; deposits stable at $3.0B; loan-to-deposit 69.4%.
Total liquidity $925.4M; CET1 ratio 16.4%, Total risk-based capital 17.5%, leverage 11.3%.
Merger with Summit Financial Group (SMMF) pending stockholder and regulatory approvals; combined entity >$8B assets.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.92

Burke & Herbert Financial Services Corp. reported the quarter ended September 30, 2023 results: net income net income of $4.1 million, or $0.55 per diluted share, EPS $0.55 per diluted share.

Period: the quarter ended September 30, 2023
Net income: net income of $4.1 million, or $0.55 per diluted share
EPS: $0.55 per diluted share
Result: reported results

Exact text from the filing

reported financial results for the quarter ended September 30, 2023. In addition, at its meeting on October 26, 2023, the board of directors declared a $0.53 per share regular cash dividend to be paid on December 1, 2023, to shareholders of record as of the close of business November 15, 2023. For the third quarter, the Company reported net income of $4.1 million, or $0.55 per diluted share.

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Source: SEC EDGAR

accession 0001964333-23-000208

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