Burke & Herbert posts pro forma combined results after Summit merger completion

Burke & Herbert Financial Services Corp.

Pro forma total assets $8.22B, deposits $6.73B, net loans $5.59B as of March 31, 2024.
Pro forma Q1 2024 net income applicable to common $29.1M, EPS $1.96 diluted.
FY2023 pro forma net income applicable to common $55.5M, EPS $3.80 diluted.
Goodwill of $34.5M recorded; total purchase consideration ~$397.4M at exchange ratio 0.5043.

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