Burke & Herbert Financial Services Corp. income statement
In fiscal 2025, Burke & Herbert Financial Services Corp. reported revenue of $342m, up 30.6% on the year before and net income of $117m, or $7.72 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|
| Revenue | 114 | 121 | 112 | 262 | 342 | 363 |
| Interest expense | 4 | 9 | 53 | — | — | — |
| Net interest income | 97 | 104 | 94 | 227 | 296 | 314 |
| Non-interest income | 17 | 17 | 17 | 35 | 46 | 50 |
| Non-interest expense | 74 | 76 | 86 | 198 | 196 | 241 |
| Provision for credit losses | −1 | −7 | 0 | 20 | 2 | 0 |
| Income before tax | 40 | 52 | 25 | 40 | 145 | 120 |
| Income tax | 4 | 8 | 2 | 4 | 28 | 23 |
| Net income | 36 | 44 | 23 | 36 | 117 | 97 |
| Diluted EPS | $4.87 | $5.89 | $3.02 | $2.82 | $7.72 | $6.08 |
| Diluted shares (average) | 7m | 7m | 8m | 12m | 15m | 16m |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 84 | 83 | 83 | 87 | 85 | 87 | 85 | 107 |
| Net interest income | 73 | 72 | 73 | 74 | 74 | 75 | 72 | 93 |
| Non-interest income | 11 | 11 | 10 | 13 | 12 | 12 | 13 | 14 |
| Non-interest expense | 51 | 61 | 50 | 49 | 48 | 49 | 51 | 94 |
| Provision for credit losses | 0 | 1 | 1 | 1 | 1 | 0 | 0 | −1 |
| Income before tax | 33 | 20 | 33 | 37 | 37 | 38 | 33 | 12 |
| Income tax | 5 | 0 | 6 | 7 | 7 | 8 | 6 | 3 |
| Net income | 28 | 20 | 27 | 30 | 30 | 30 | 27 | 9 |
| Diluted EPS | $1.82 | $1.49 | $1.80 | $1.97 | $1.97 | $1.98 | $1.79 | $0.50 |
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