Burke & Herbert Financial Services (BHRB) financial statements
Burke & Herbert Financial Services reported revenue of $342M in fiscal 2025, up 31.7% a year over 4 years.
Net income was $117M.
Free cash flow was $96M, and the company returned $34M in dividends.
The diluted share count rose 103% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Burke & Herbert Financial Services's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $114M | $121M | $112M | $262M | $342M |
| Interest expense | $4M | $9M | $53M | — | — |
| Pre-tax income | $40M | $52M | $25M | $40M | $145M |
| Income tax | $4M | $8M | $2M | $4M | $28M |
| Net income | $36M | $44M | $23M | $36M | $117M |
| EPS (diluted) | $4.87 | $5.89 | $3.02 | $2.82 | $7.72 |
| Diluted shares | 7M | 7M | 8M | 12M | 15M |
| Net margin | 31.8% | 36.4% | 20.3% | 13.6% | 34.3% |
Balance sheet
Fiscal years, from Burke & Herbert Financial Services's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash and short-term investments | $77M | $50M | $44M | $135M | $289M |
| Property, plant and equipment | — | $53M | $61M | $132M | $137M |
| Goodwill | $0 | $0 | $0 | $33M | $34M |
| Total assets | — | $3.6B | $3.6B | $7.8B | $7.9B |
| Total liabilities | — | $3.3B | $3.3B | $7.1B | $7.1B |
| Shareholders' equity | $390M | $273M | $315M | $730M | $855M |
| Net debt | -$77M | -$50M | -$44M | -$135M | -$289M |
Cash flow
Fiscal years, from Burke & Herbert Financial Services's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $55M | $61M | $43M | $86M | $108M |
| Capital spending | $1M | $23M | $14M | $5M | $12M |
| Free cash flow | $54M | $38M | $28M | $81M | $96M |
| Stock-based compensation | $283,000 | $2M | $2M | $3M | $5M |
| Dividends paid | $15M | $16M | $16M | $29M | $34M |
| Free cash flow margin | 47.3% | 31.4% | 25.3% | 31.0% | 28.1% |
| Dividends per share | $2.00 | $2.11 | $2.10 | $2.30 | $2.25 |
Questions
What was Burke & Herbert Financial Services's revenue in 2025?
$342M in fiscal 2025, from its 10-K filing.
How much free cash flow does Burke & Herbert Financial Services generate?
$96M in fiscal 2025 (operating cash flow minus capital spending).
From Burke & Herbert Financial Services's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.