Burke & Herbert: Fourth Quarter Earnings Overview

Burke & Herbert Financial Services Announces Q4 Results

Burke & Herbert Financial Services Corp., headquartered in Alexandria, Virginia, revealed its financial performance for the fourth quarter, posting a net income of $30.3 million.

The company reported earnings of $1.98 per share for the quarter.

Total revenue for the period reached $122.8 million, with adjusted revenue standing at $86.6 million.

Looking at the full year, Burke & Herbert recorded a profit of $117.3 million, translating to $7.72 per share, and generated $342 million in revenue.

Since the start of the year, the company's stock has risen by nearly 8%. As of the close of trading on Thursday, shares were valued at $67.10, marking an increase of about 10% over the past year.