Financial Snapshot

Revenue
Gross Margin
Net Earnings
$20.77M
TTM
Current Assets
Current Liabilities
$391.9M
Q3 2024
Current Ratio
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$738.1M
Q3 2024
Cash
Q3 2024
P/E
51.02
Nov 29, 2024 EST
Free Cash Flow
$6.964M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Revenue
YoY Change

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Revenue
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.900M $3.053M $3.205M $2.940M $3.040M $2.590M
YoY Change -5.01% -4.74% 9.01% -3.29% 17.37%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Interest Expense $53.14M $8.941M $4.217M
YoY Change 494.31% 112.02%
% of Operating Profit
Other Income/Expense, Net $5.177M $5.072M $4.832M
YoY Change 2.07% 4.97%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Pretax Income $25.06M $52.30M $40.44M $28.40M $16.70M $36.60M $34.10M $30.60M
YoY Change -52.08% 29.32% 42.4% 70.06% -54.37% 7.33% 11.44%
Income Tax $2.369M $8.286M $4.277M $1.900M -$300.0K $2.200M $6.300M $3.400M
% Of Pretax Income 9.45% 15.84% 10.58% 6.69% -1.8% 6.01% 18.48% 11.11%
Net Earnings $22.69M $44.01M $36.17M $26.50M $17.00M $34.40M $27.80M $27.20M
YoY Change -48.44% 21.7% 36.47% 55.88% -50.58% 23.74% 2.21%
Net Earnings / Revenue
Basic Earnings Per Share $3.05 $5.93 $4.87
Diluted Earnings Per Share $2.73 $5.89 $4.87 $132.50 $85.00 $172.00 $139.00 $136.00

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment $61.13M $63.05M $47.57M $51.40M $50.90M $42.50M $42.20M $42.70M
YoY Change -3.04% 32.54% -7.46% 0.98% 19.76% 0.71% -1.17%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
Total Assets $3.618B $3.563B $3.622B $3.433B $2.866B $3.007B $3.089B $2.960B
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $28.95M $23.20M $20.80M $9.100M $9.900M
YoY Change 24.78% 11.53% 128.59% -8.08%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $103.7M
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $28.95M $23.20M $20.80M $9.100M $9.900M $103.7M
YoY Change 24.78% 11.53% 128.59% -8.08%
Long-Term Debt $272.0M $345.8M $277.9M $227.1M $75.00M $320.0M $425.0M $270.0M
YoY Change -21.35% 24.45% 22.37% 202.8% -76.56% -24.71% 57.41%
Other Long-Term Liabilities $23.60M $33.50M $33.80M $25.00M $43.40M
YoY Change -29.55% -0.89% 35.2% -42.4%
Total Long-Term Liabilities $272.0M $345.8M $277.9M $250.7M $108.5M $353.8M $450.0M $313.4M
YoY Change -21.35% 24.45% 10.85% 131.06% -69.33% -21.38% 43.59%
Total Liabilities $3.303B $3.289B $3.232B $3.048B $2.512B $2.661B $2.746B $2.632B
YoY Change 0.41% 1.77% 6.05% 21.31% -5.58% -3.09% 4.32%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Basic Shares Outstanding 7.428M shares 7.425M shares 7.424M shares
Diluted Shares Outstanding 7.507M shares 7.468M shares 7.430M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $1.0596 Billion

About Burke & Herbert Financial Services Corp.

Burke Herbert Financial Services Corp. operates as a bank holding company for Burke & Herbert Bank & Trust Company. The company is headquartered in Alexandria, Virginia and currently employs 850 full-time employees. The Bank offers a full range of business and personal financial solutions designed to meet customers' banking, borrowing, and investment needs. The Bank has over 75 branches across Delaware, Kentucky, Maryland, Virginia, and West Virginia. The Bank’s primary source of funding is deposits, both interest-bearing and non-interest-bearing. The Bank provides a range of commercial lending services, including commercial real estate loans, acquisition, construction & development, commercial and industrial loans, and residential real estate loans to customers generally located or conducting business in its market area. The company also provides traditional banking and wealth management services. The Bank offers digital banking, mobile banking, and a remote deposit service, which allows customers to facilitate and expedite deposit transactions through the use of electronic devices.

Industry: National Commercial Banks Peers: Amalgamated Financial Corp. CAPITAL CITY BANK GROUP INC CROSSFIRST BANKSHARES, INC. GREAT SOUTHERN BANCORP, INC. HarborOne Bancorp, Inc. HERITAGE COMMERCE CORP HORIZON BANCORP INC /IN/ PEAPACK GLADSTONE FINANCIAL CORP PNC FINANCIAL SERVICES GROUP, INC. WASHINGTON TRUST BANCORP INC