secwatch.observer — SEC 8-K summary
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Issuer:     Burke & Herbert Financial Services Corp. (BHRB)
CIK:        0001964333
Form:       8-K/A
Filed at:   2024-07-10T23:59:59+00:00
Accession:  0001964333-24-000292
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Burke & Herbert pro forma shows combined assets $8.2B, Q1 2024 net income $29.3M post-Summit merger
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- Total pro forma assets $8.196B, loans $5.558B, deposits $6.731B as of March 31, 2024.
- Pro forma net income for Q1 2024: $29.3M ($1.96 basic EPS); FY2023: $56.4M ($3.80 basic EPS).
- Total purchase consideration $397.4M; goodwill of $34.5M recorded from the merger.
- Pro forma excludes cost savings or revenue enhancements; final purchase accounting subject to change.
- Exchange ratio 0.5043 BHRB shares per Summit share; merger closed May 3, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1964333/000196433324000292/0001964333-24-000292-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1964333/000196433324000292/bhrb-20240503.htm
  HTML page:      https://secwatch.observer/filing/0001964333-24-000292

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