Burke & Herbert Financial Services Corp.BHRBEarnings & Financial Report
Burke & Herbert Financial Services Corp is a U.S.-based regional financial holding company, offering personal and commercial banking, wealth management, residential mortgage lending, and small business financing services. Its core market covers Virginia and adjacent Mid-Atlantic regions, serving retail consumers, SMEs, and high-net-worth clients.
Revenue
$69.3M
Gross Profit
N/A
Operating Profit
$-19.1M
Net Profit
$-16.9M
Gross Margin
N/A
Operating Margin
-27.5%
Net Margin
-24.4%
YoY Growth
143.8%
EPS
$-1.41
Burke & Herbert Financial Services Corp. Q2 FY2024 Financial Summary
Burke & Herbert Financial Services Corp. reported revenue of $69.3M (up 143.8% YoY) for Q2 FY2024, with a net profit of $-16.9M (down 380.4% YoY) (-24.4% margin).
Key Financial Metrics
| Total Revenue | $69.3M |
|---|---|
| Net Profit | $-16.9M |
| Gross Margin | N/A |
| Operating Margin | -27.5% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
Burke & Herbert Financial Services Corp. Q2 FY2024 revenue of $69.3M breaks down across 4 segments, led by Other at $37.7M (54.4% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Other | $37.7M | 54.4% |
| Summit Financial Group Inc | $25.3M | 36.5% |
| Service Other | $4.1M | 5.9% |
| Fiduciary And Trust | $2.2M | 3.2% |
Burke & Herbert Financial Services Corp. Annual Revenue by Year
Burke & Herbert Financial Services Corp. annual revenue history includes year-by-year totals (for example, 2025 revenue was $342.0M).
| Year | Annual Revenue |
|---|---|
| 2025 | $342.0M |
| 2024 | $262.0M |
| 2023 | $94.4M |
Burke & Herbert Financial Services Corp. Quarterly Revenue & Net Profit History
Burke & Herbert Financial Services Corp. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $86.5M | +4.9% | $30.2M | 34.9% |
| Q3 FY2025 | $85.4M | +1.9% | $30.0M | 35.1% |
| Q2 FY2025 | $87.1M | +25.8% | $29.9M | 34.3% |
| Q1 FY2025 | $83.0M | +214.6% | $27.2M | 32.8% |
| Q4 FY2024 | $82.5M | +204.1% | $19.8M | 24.0% |
| Q3 FY2024 | $83.8M | +208.3% | $27.6M | 33.0% |
| Q2 FY2024 | $69.3M | +143.8% | $-16.9M | -24.4% |
| Q1 FY2024 | $26.4M | -9.0% | $5.2M | 19.8% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $26.4M | $69.3M | $83.8M | $82.5M | $83.0M | $87.1M | $85.4M | $86.5M |
| YoY Growth | -9.0% | 143.8% | 208.3% | 204.1% | 214.6% | 25.8% | 1.9% | 4.9% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $3.70B | $7.81B | $7.86B | $7.81B | $7.84B | $8.05B | $7.89B | $7.92B |
| Liabilities | $3.38B | $7.12B | $7.13B | $7.08B | $7.08B | $7.27B | $7.07B | $7.07B |
| Equity | $319.3M | $693.1M | $738.1M | $730.2M | $758.0M | $780.0M | $822.2M | $854.6M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $7.1M | $-46.0M | $47.8M | $85.8M | $37.6M | $41000 | $39.3M | $107.9M |