Burke & Herbert Financial Services Corp. Reports Q4 2023 Net Income of $5.1M and Declares $0.53 Dividend

Burke & Herbert Financial Services Corp.

2023-FY EPS reported $3.02

Q4 2023 net income was $5.1M ($0.67 diluted EPS) vs $4.1M in Q3 2023 and $13.4M in Q4 2022; full-year net income $22.7M.
Board declared a regular quarterly cash dividend of $0.53 per share, payable March 1, 2024 to shareholders of record Feb 15, 2024.
Total deposits increased $16.3M to $3.0B, loan-to-deposit ratio 70%; total liquidity $959.5M at quarter-end.
Shareholders approved merger with Summit Financial Group (SMMF) on Dec 6, 2023; closing subject to regulatory approvals.
Company remains well-capitalized with Common Equity Tier 1 ratio of 16.8% and leverage ratio of 11.3%.

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 0.95

Burke & Herbert Financial Services Corp. reported the quarter ended and year ended December 31, 2023 results: net income Net income totaled $5.1 million for the quarter compared to $4.1 million the previous quarter and $13.4 million for the, EPS Diluted earnings per share for the quarter was $0.67, compared to $0.55 the previous quarter and $1.78 for the same quar.

Period: the quarter ended and year ended December 31, 2023
Net income: Net income totaled $5.1 million for the quarter compared to $4.1 million the previous quarter and $13.4 million for the
EPS: Diluted earnings per share for the quarter was $0.67, compared to $0.55 the previous quarter and $1.78 for the same quar
Result: reported results

Exact text from the filing

On January 26, 2024, Burke & Herbert Financial Services Corp. (the " Company ") issued a press release announcing its results of operations and financial condition for the fourth quarter and the year ended December 31, 2023.

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Source: SEC EDGAR

accession 0001964333-24-000030

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