secwatch.observer — SEC 8-K summary
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Issuer:     Burke & Herbert Financial Services Corp. (BHRB)
CIK:        0001964333
Form:       8-K
Filed at:   2024-04-26T23:59:59+00:00
Accession:  0001964333-24-000093
Event type: other_material
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Burke & Herbert reports Q1 net income $5.2M; merger with Summit expected May 3
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- Net income $5.2M ($0.69 diluted EPS) vs $5.1M prior qtr, $7.5M year-ago; adjusted EPS $0.76.
- Final regulatory approval received for merger with Summit Financial (SMMF); expected close May 3, 2024.
- Combined company will have >$8B assets, >75 branches across VA, WV, MD, DE, KY.
- Board declared $0.53/share quarterly dividend, payable June 3 to holders of record May 15.
- Loans up 8.5% YoY; deposits stable at $3.0B; CET1 ratio 16.6%, well-capitalized.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1964333/000196433324000093/0001964333-24-000093-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1964333/000196433324000093/bhrb-20240426.htm
  HTML page:      https://secwatch.observer/filing/0001964333-24-000093

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