Burke & Herbert Financial Services Corp. Income Statement

Income Statement Dec2021 Dec2022 Dec2023 Dec2024
Revenue & Cost
Provisions -1.00M-7.47M0.23M20.48M
Revenue 6.33M6.86M6.67M15.59M
Interest income
Interest income - Loans 73.17M73.64M101.80M311.30M
Interest income - Investments 5.94M19.00M23.87M
Interest Income - Debt Securities 17.77M29.62M37.18M68.81M
Interest Income - Total 100.82M112.63M146.90M366.16M
Interest expenses
Interest Expense - Deposits 2.75M3.74M39.20M118.66M
Interest Expense - Debt 1.43M5.14M13.86M14.19M
Interest Expense - Others 0.04M0.06M0.09M0.11M
Interest Expenses 4.22M8.94M53.14M140.38M
Interest Income - Net 96.60M103.69M93.76M225.78M
Non-interest income
Interest Income - Total 97.61M111.16M93.55M201.56M
Investment Gain (Loss) -0.00M-0.45M-0.11M1.36M
Investment Banking Income 0.19M0.06M0.14M0.48M
Other Non-Interest Income 3.44M2.72M3.20M6.12M
Non-Interest Income 17.25M17.09M17.95M36.17M
Operating Items
Amortization - Intangibles 9.91M8.94M5.62M10.24M
Depreciation & Amortization - Total 5.48M5.77M5.77M23.17M
Wages, Salaries and Other 37.10M39.44M39.25M77.09M
Rent Expense 6.44M5.62M6.04M11.58M
Other Operating Expenses 62.49M64.56M74.63M163.08M
Operating Expenses 74.41M75.95M86.44M197.83M
EBIT 44.66M61.24M78.20M180.27M
Non-operating items
Interest & Investment Income 0.21M0.44M2.30M4.68M
Net income details
EBT 40.44M52.30M25.06M39.90M
Tax Provisions 4.28M8.29M2.37M4.19M
Profit After Tax 36.16M44.01M22.69M35.71M
Income from Continuing Operations 36.16M44.01M22.69M35.71M
Consolidated Net Income 36.16M44.01M22.69M35.71M
Income towards Parent Company 36.16M44.01M22.69M35.71M
Preferred Dividend Payments 0.68M
Net Income towards Common Stockholders 36.16M44.01M22.69M35.03M
Additional items
EPS (Basic) 4.875.933.052.83
EPS (Weighted Average and Diluted) 4.875.893.022.82
Shares Outstanding (Weighted Average) 7.43M7.43M14.97M
Tax Rate 10.58%15.84%9.45%10.50%