Burke & Herbert Financial Q3 net income stable at $29.7 mln

Burke & Herbert Financial Services

23/10/2025 21:14

Overview

Burke & Herbert Q3 net income stable at $29.7 mln, EPS at $1.97

Company's net interest income decreased slightly to $73.8 mln from prior qtr

Company declared a $0.55 per share regular cash dividend

Outlook

Company did not provide specific financial guidance for future quarters

Result Drivers

LOAN ORIGINATIONS - Strong loan originations contributed to Q3 performance, with $228.9 mln in new, relationship-based loan commitments

DEPOSIT GROWTH - Core deposits increased by $28.8 mln, excluding a decrease in brokered deposits, supporting liquidity

MARKET EXPANSION - New branch in Bethesda and strong performance in Fredericksburg and Richmond markets exceeded expectations

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
$1.97
Q3 Net Income
$29.96 mln
Q3 Net Interest Income
$73.77 mln
Q3 Pretax Profit
$37 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Burke & Herbert Financial Services Corp is $71.50, about 15.9% above its October 21 closing price of $60.14

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nPn4mgYQQa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)