secwatch.observer — SEC 8-K summary
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Issuer:     Burke & Herbert Financial Services Corp. (BHRB)
CIK:        0001964333
Form:       8-K
Filed at:   2024-01-26T23:59:59+00:00
Accession:  0001964333-24-000030
Event type: earnings
Sentiment:  neutral
Materiality: 0.90
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1964333/000196433324000030/0001964333-24-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1964333/000196433324000030/bhrb-20240126.htm
  HTML page:      https://secwatch.observer/filing/0001964333-24-000030

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