Burke & Herbert Financials

BHRB

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Burke & Herbert (BHRB) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Piotroski F-Score Weak

3/9

Burke & Herbert passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).

Earnings Quality Cash-Backed

2.40x

For every $1 of reported earnings, Burke & Herbert generates $2.40 in operating cash flow ($85.8M OCF vs $35.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

Export CSV

Revenue

N/A

EBITDA

N/A

Free Cash Flow

$81.2M

YoY+187.4%

Burke & Herbert generated $81.2M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 187.4% from the prior year.

Net Income

$35.7M

YoY+57.4%

Burke & Herbert reported $35.7M in net income in fiscal year 2024. This represents an increase of 57.4% from the prior year.

EPS (Diluted)

$2.82

YoY-6.6%

Burke & Herbert earned $2.82 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 6.6% from the prior year.

Cash & Debt

$135.3M

YoY+204.1%

Burke & Herbert held $135.3M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

$2.14

YoY+0.9%

Burke & Herbert paid $2.14 per share in dividends in fiscal year 2024. This represents an increase of 0.9% from the prior year.

Shares Outstanding

15M

YoY+101.5%

Burke & Herbert had 15M shares outstanding in fiscal year 2024. This represents an increase of 101.5% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

4.9%

YoY-2.3pp

Burke & Herbert's ROE was 4.9% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 2.3 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$4.6M

YoY-67.9%

Burke & Herbert invested $4.6M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 67.9% from the prior year.

BHRB Income Statement

Metric	FY24	FY23	FY22	FY21
Revenue	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A
Interest Expense	$140.4M+164.2%	$53.1M+494.3%	$8.9M+112.0%	$4.2M
Income Tax	$4.2M+76.9%	$2.4M-71.4%	$8.3M+93.7%	$4.3M
Net Income	$35.7M+57.4%	$22.7M-48.4%	$44.0M+21.7%	$36.2M
EPS (Diluted)	$2.82-6.6%	$3.02-48.7%	$5.89+20.9%	$4.87

Metric	Q3'25	Q2'25	Q1'25	Q4'23	Q3'24	Q2'24	Q1'24	Q4'22
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$37.4M-0.5%	$37.6M-0.5%	$37.8M	N/A	$14.4M+7.9%	$13.3M+39.5%	$9.6M	N/A
Income Tax	$7.0M-3.4%	$7.3M+29.1%	$5.6M	N/A	$464K-43.5%	$821K+40.6%	$584K	N/A
Net Income	$30.0M+0.2%	$29.9M+9.9%	$27.2M	N/A	$4.1M-32.8%	$6.0M-19.8%	$7.5M	N/A
EPS (Diluted)	$1.970.0%	$1.97+9.4%	$1.80	N/A	$0.55-31.3%	$0.80-20.0%	$1.00	N/A

BHRB Balance Sheet

Metric	FY24	FY23	FY22	FY21
Total Assets	$7.8B+116.0%	$3.6B+1.5%	$3.6B	N/A
Current Assets	N/A	N/A	N/A	N/A
Cash & Equivalents	$135.3M+204.1%	$44.5M-11.5%	$50.3M-35.0%	$77.4M
Inventory	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A
Goodwill	$32.8M	$0	$0	$0
Total Liabilities	$7.1B+114.4%	$3.3B+0.4%	$3.3B	N/A
Current Liabilities	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A
Total Equity	$730.2M+132.0%	$314.8M+15.1%	$273.5M-29.8%	$389.6M
Retained Earnings	$434.1M+1.6%	$427.3M+0.7%	$424.4M	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'23	Q3'24	Q2'24	Q1'24	Q4'22
Total Assets	$7.9B-2.0%	$8.1B+2.7%	$7.8B+116.7%	$3.6B+0.9%	$3.6B+0.4%	$3.6B-2.8%	$3.7B+3.0%	$3.6B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$131.7M-59.5%	$325.1M+118.4%	$148.8M+234.5%	$44.5M+6.3%	$41.9M-48.2%	$80.8M-30.9%	$116.9M+132.5%	$50.3M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$34.1M0.0%	$34.1M+4.0%	$32.8M	$0	$0	$0	$0	$0
Total Liabilities	$7.1B-2.8%	$7.3B+2.7%	$7.1B+114.4%	$3.3B-0.3%	$3.3B+1.1%	$3.3B-3.0%	$3.4B+2.8%	$3.3B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$822.2M+5.4%	$780.0M+2.9%	$758.0M+140.8%	$314.8M+16.2%	$270.8M-6.6%	$290.1M+0.1%	$289.8M+6.0%	$273.5M
Retained Earnings	$495.4M+4.5%	$474.0M+4.7%	$452.7M+5.9%	$427.3M+0.1%	$426.7M0.0%	$426.6M+0.5%	$424.5M0.0%	$424.4M

BHRB Cash Flow Statement

Metric	FY24	FY23	FY22	FY21
Operating Cash Flow	$85.8M+101.8%	$42.5M-30.4%	$61.1M+11.1%	$55.0M
Capital Expenditures	$4.6M-67.9%	$14.2M-38.2%	$23.1M+2030.7%	$1.1M
Free Cash Flow	$81.2M+187.4%	$28.3M-25.6%	$38.0M-29.5%	$53.9M
Investing Cash Flow	$123.6M+386.2%	-$43.2M+66.1%	-$127.4M+66.8%	-$384.1M
Financing Cash Flow	-$118.5M-2207.1%	-$5.1M-113.1%	$39.3M-77.9%	$177.8M
Dividends Paid	$28.6M+81.9%	$15.7M0.0%	$15.7M+5.9%	$14.9M
Share Buybacks	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'23	Q3'24	Q2'24	Q1'24	Q4'22
Operating Cash Flow	$39.3M+95758.5%	$41K-99.9%	$37.6M+270.0%	$10.2M+7.4%	$9.5M-20.7%	$11.9M+9.3%	$10.9M-11.9%	$12.4M
Capital Expenditures	$3.9M+13.1%	$3.4M+92.7%	$1.8M-77.4%	$7.9M+287.5%	$2.0M+19.5%	$1.7M-36.5%	$2.7M+140.6%	$1.1M
Free Cash Flow	$35.4M+1146.6%	-$3.4M-109.4%	$35.9M+1446.7%	$2.3M-68.8%	$7.4M-27.3%	$10.2M+24.1%	$8.3M-26.9%	$11.3M
Investing Cash Flow	-$15.4M-13.3%	-$13.6M-160.1%	$22.6M+226.8%	$6.9M+109.3%	-$74.8M-234.3%	$55.7M+279.6%	-$31.0M+26.4%	-$42.1M
Financing Cash Flow	-$217.3M-214.5%	$189.9M+506.4%	-$46.7M-223.1%	-$14.5M-154.8%	$26.4M+125.4%	-$103.8M-219.7%	$86.7M+123.1%	$38.9M
Dividends Paid	$8.5M+0.1%	$8.5M+0.2%	$8.5M+114.9%	$3.9M0.0%	$3.9M0.0%	$3.9M0.0%	$3.9M0.0%	$3.9M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

BHRB Financial Ratios

Metric	FY24	FY23	FY22	FY21
Gross Margin	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A
Return on Equity	4.9%-2.3pp	7.2%-8.9pp	16.1%+6.8pp	9.3%
Return on Assets	0.5%-0.2pp	0.6%-0.6pp	1.2%	N/A
Current Ratio	N/A	N/A	N/A	N/A
Debt-to-Equity	9.70-0.8	10.49-1.5	12.03	N/A
FCF Margin	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'23	Q3'24	Q2'24	Q1'24	Q4'22
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	3.6%-0.2pp	3.8%+0.2pp	3.6%	N/A	1.5%-0.6pp	2.1%-0.5pp	2.6%	N/A
Return on Assets	0.4%0.0pp	0.4%+0.0pp	0.4%	N/A	0.1%-0.1pp	0.2%-0.0pp	0.2%	N/A
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	8.59-0.7	9.32-0.0	9.34-1.2	10.49-1.7	12.24+0.9	11.30-0.4	11.67-0.4	12.03
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Similar Companies

Old Second Bancorp Inc Ill OSBC

$1.1B

First Mid Bancshares Inc. FMBH

$1.0B

Southside Bancshares Inc SBSI

$965.4M

Univest Financial Corp UVSP

$990.6M

Tompkins Financl TMP

$1.2B

Frequently Asked Questions

Is Burke & Herbert profitable?

Yes, Burke & Herbert (BHRB) reported a net income of $35.7M in fiscal year 2024.

What is Burke & Herbert's earnings per share (EPS)?

Burke & Herbert (BHRB) reported diluted earnings per share of $2.82 for fiscal year 2024. This represents a -6.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Does Burke & Herbert pay dividends?

Yes, Burke & Herbert (BHRB) paid $2.14 per share in dividends during fiscal year 2024.

What is Burke & Herbert's return on equity (ROE)?

Burke & Herbert (BHRB) has a return on equity of 4.9% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Burke & Herbert's free cash flow?

Burke & Herbert (BHRB) generated $81.2M in free cash flow during fiscal year 2024. This represents a 187.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Burke & Herbert's operating cash flow?

Burke & Herbert (BHRB) generated $85.8M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Burke & Herbert's total assets?

Burke & Herbert (BHRB) had $7.8B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Burke & Herbert's capital expenditures?

Burke & Herbert (BHRB) invested $4.6M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Burke & Herbert have outstanding?

Burke & Herbert (BHRB) had 15M shares outstanding as of fiscal year 2024.

What is Burke & Herbert's debt-to-equity ratio?

Burke & Herbert (BHRB) had a debt-to-equity ratio of 9.70 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Burke & Herbert's return on assets (ROA)?

Burke & Herbert (BHRB) had a return on assets of 0.5% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Burke & Herbert's Piotroski F-Score?

Burke & Herbert (BHRB) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Burke & Herbert's earnings high quality?

Burke & Herbert (BHRB) has an earnings quality ratio of 2.40x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.