Burke & Herbert Financial Services (BHRB) Non Operating Interest Expenses (2022 - 2024)

Burke & Herbert Financial Services (BHRB) has reported Non Operating Interest Expenses for 3 consecutive years, with $16.6 million the latest figure, recorded in Q1 2024.

• For the quarter ending Q1 2024, Non Operating Interest Expenses rose 73.9% year-over-year to $16.6 million; the trailing twelve-month figure through Mar 2024 stood at $60.2 million (up 239.83% YoY), and the FY2023 full-year result was $53.1 million, up 494.31% from the prior year.
• Non Operating Interest Expenses advanced to $16.6 million in Q1 2024 per BHRB's latest filing, from $15.9 million in the prior quarter.
• Across five years, Non Operating Interest Expenses topped out at $16.6 million in Q1 2024 and bottomed at $781000.0 in Q1 2022.
• Historically, Non Operating Interest Expenses has averaged $8.7 million across 3 years, with a median of $9.6 million in 2023.
• The sharpest annual moves came in 2023 and 2024: Non Operating Interest Expenses surged 1362.57% in 2023, then jumped 73.9% in 2024.
• Over 3 years, Non Operating Interest Expenses stood at $4.7 million in 2022, then soared by 240.39% to $15.9 million in 2023, then advanced by 4.65% to $16.6 million in 2024.
• According to Business Quant data, Non Operating Interest Expenses over the past three periods registered $16.6 million, $15.9 million, and $14.4 million for Q1 2024, Q4 2023, and Q3 2023 respectively.