<span item_type="fundamental" item_id="75bf040fa18fd2b70e2fb654309de938" counter_id="ST/US/BHRB" env="prod"></span><span item_type="announcement" item_id="514183631627027073" env="prod"></span><p>Revenue: As of FY2025 Q1, the actual value is USD 110.79 M.</p><p>EPS: As of FY2025 Q1, the actual value is USD 1.8, beating the estimate of USD 1.77.</p><p>EBIT: As of FY2025 Q1, the actual value is USD 32.85 M.</p><p></p><h3>Segment Revenue</h3><ul><li><strong>Interest Income</strong>: Total interest income for the three months ended March 31, 2025, was $110,786 thousand, compared to $38,745 thousand for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1964333/000196433325000180/bhrb-20250331.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li><strong>Net Income</strong>: Net income for the three months ended March 31, 2025, was $27,201 thousand, compared to $5,212 thousand for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1964333/000196433325000180/bhrb-20250331.htm"></span></li><li><strong>Operating Profit</strong>: Income before income taxes for the three months ended March 31, 2025, was $32,845 thousand, compared to $5,890 thousand for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1964333/000196433325000180/bhrb-20250331.htm"></span></li><li><strong>Operating Margin</strong>: Operating margin for the three months ended March 31, 2025, was 29.6%, compared to 15.2% for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1964333/000196433325000180/bhrb-20250331.htm"></span></li><li><strong>Operating Costs</strong>: Total non-interest expense for the three months ended March 31, 2025, was $49,664 thousand, compared to $21,165 thousand for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1964333/000196433325000180/bhrb-20250331.htm"></span></li></ul><h3>Cash Flow</h3><ul><li><strong>Operating Cash Flow</strong>: Net cash flows provided by operating activities for the three months ended March 31, 2025, was $37,647 thousand, compared to $7,089 thousand for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1964333/000196433325000180/bhrb-20250331.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li><strong>Loans Held-for-Sale</strong>: Loans held-for-sale at fair value were $1,302 thousand as of March 31, 2025, compared to $2,331 thousand as of December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1964333/000196433325000180/bhrb-20250331.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><ul><li><strong>Core Business Focus</strong>: The company aims to maintain strong capital adequacy ratios, with a total capital to risk-weighted assets ratio of 14.79% as of March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1964333/000196433325000180/bhrb-20250331.htm"></span></li><li><strong>Non-Core Business</strong>: The company completed its merger with Summit Financial Group, Inc., which is expected to bring synergies and cost savings.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1964333/000196433325000180/bhrb-20250331.htm"></span></li></ul>

Burke & Herbert Financial Services | 10-Q: FY2025 Q1 Revenue: USD 110.79 M