Burke & Herbert Financial Services Corp.

Annual Trend FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Taxable loans, including fees $73.2m $73.6m $101.8m $311.3m $382.8m
Tax-exempt loans, including fees $0 $0 $118k $180k
Taxable securities $17.5m $29.6m $37.2m $39.8m $36.8m
Tax-exempt securities $9.9m $8.9m $5.6m $10.2m $17.4m
Other interest income $206k $437k $2.3m $4.7m $7.8m
Deposits $2.7m $3.7m $39.2m $118.7m $122.0m
Short-term borrowings $5.1m $13.9m $14.2m $16.5m
Subordinated debt $0 $0 $7.4m $10.5m
Net interest income $96.6m $103.7m $93.8m $225.8m $295.9m
Fiduciary and wealth management $5.4m $8.4m $10.5m
Service charges and fees $23.0m $24.3m $24.0m $48.0m $26.5m
Net gains (losses) on securities ($4k) ($454k) ($112k) $1.4m $147k
Income from company-owned life insurance $2.3m $2.7m $2.8m $4.7m $8.1m
Bank debit and other card revenue $112.6m $4.9m $9.8m $12.3m
Other non-interest income $3.4m $2.7m $3.2m $6.1m $6.9m
Salaries and wages $37.1m $39.4m $39.2m $77.1m $83.4m
Pensions and other employee benefits $7.6m $7.7m $9.4m $17.2m $18.5m
Occupancy $6.4m $5.6m $6.0m $11.6m $14.4m
Equipment rentals, depreciation and maintenance $5.5m $5.8m $5.8m $23.2m $15.8m
Core deposit intangible amortization $0 $11.5m $15.6m
FDIC and other regulatory assessments $2.0m $3.3m $3.9m
Other operating $17.8m $17.4m $26.0m $68.8m $39.1m
Total $4.3m $8.3m $2.4m $4.2m $27.6m
Preferred stock dividends $0 $0 $675k $900k
Total interest income $100.8m $112.6m $146.9m $366.2m $445.0m
Total provision for (recapture of) credit losses ($1.0m) ($7.5m) $214k $24.2m $1.5m
Total non-interest income $17.3m $17.1m $18.0m $36.2m $46.1m
Income before income taxes $40.4m $52.3m $25.1m $39.9m $144.9m
Net income $36.2m $44.0m $22.7m $35.7m $117.3m
Net income applicable to common shares $36.2m $44.0m $22.7m $35.0m $116.4m
Basic (in dollars per share) $4.87 $5.93 $3.05 $2.83 $7.76
Diluted (in dollars per share) $4.87 $5.89 $3.02 $2.82 $7.72
Other interest expense $39k $63k $86k $111k $105k
Credit loss expense (recapture) - loans and available-for-sale securities ($1.0m) ($7.5m) $235k $20.5m $2.3m
Credit loss expense (recapture) - off-balance sheet credit exposures $0 $0 ($21k) $3.7m ($803k)
Net interest income after credit loss expense $97.6m $111.2m $93.5m $201.6m $294.4m
ATM, card, and network expense $2.6m $5.4m $4.8m
Total interest expense $4.2m $8.9m $53.1m $140.4m $149.1m
Total non-interest expense $74.4m $75.9m $86.4m $197.8m $195.6m