BHRB FY 2020 Earnings Report — Burke & Herbert Financial Services Corp. Revenue & Financial Results | Market Cap Arena

Burke & Herbert Financial Services Corp.BHRB

FY 2020 Earnings

Reported December 31, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$121M	—	$128M	—	-4.8%
Op. Income	$28M	—	$17M	—	70.1%
Gross Margin	80.3%	—	78.3%	—	2.0pp
Net Margin	21.8%	—	13.3%	—	8.5pp
EPS (Diluted)	$3.31	—	$2.12	—	56.1%
Free Cash Flow	$20M	—	$24M	—	-14.3%

Revenue Flow

Item	Amount
REVENUE	$121M
Cost of Revenue	$24M
GROSS PROFIT	$97M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$49M
SG&A Expenses	$49M
Other Expenses	$20M
Operating Expenses	$69M
Cost & Expenses	$93M
OPERATING INCOME	$28M
Interest Income	$101M
Interest Expense	$11M
Other Income/Expenses	$0
INCOME BEFORE TAX	$28M
Income Tax Expense	$2M
Net Income from Continuing Ops	$26M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$26M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$26M
D&A	$0
EBIT	$28M
EBITDA	$28M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$121M
Cost of Revenue	$24M
GROSS PROFIT	$97M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$49M
SG&A Expenses	$49M
Other Expenses	$20M
Operating Expenses	$69M
Cost & Expenses	$93M
OPERATING INCOME	$28M
Interest Income	$101M
Interest Expense	$11M
Other Income/Expenses	$0
INCOME BEFORE TAX	$28M
Income Tax Expense	$2M
Net Income from Continuing Ops	$26M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$26M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$26M
D&A	$0
EBIT	$28M
EBITDA	$28M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$26M
Depreciation & Amortization	$3M
Stock-Based Compensation	$146.0K
Deferred Income Tax	$3M
Other Non-Cash Items	$5M
Change in Working Capital	-$14M
OPERATING CASH FLOW	$23M
Capital Expenditure	-$3M
Acquisitions (Net)	$0
Purchases of Investments	-$680M
Sales/Maturities of Investments	$238M
Other Investing Activities	$39M
NET CASH FROM INVESTING	-$406M
Net Debt Issuance	$150M
Common Stock Repurchased	-$2M
Common Dividends Paid	-$15M
Other Financing Activities	$394M
NET CASH FROM FINANCING	$528M
FREE CASH FLOW	$20M
Net Change in Cash	$145M

Balance Sheet

Item	Amount
Cash & Equivalents	$229M
Short-Term Investments	$1.2B
Net Receivables	$14M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.4B
PP&E (Net)	$40M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$1.8B
Tax Assets	$0
Other Non-Current Assets	$173M
TOTAL NON-CURRENT ASSETS	$2.0B
TOTAL ASSETS	$3.4B
Account Payables	$25M
Short-Term Debt	$225M
Deferred Revenue	$0
Other Current Liabilities	$2.8B
TOTAL CURRENT LIABILITIES	$3.0B
Long-Term Debt	$225M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	-$225M
TOTAL NON-CURRENT LIABILITIES	$0
TOTAL LIABILITIES	$3.0B
Common Stock	$4M
Additional Paid-In Capital	$10M
Retained Earnings	$375M
Treasury Stock	-$27M
Accum. Other Comp. Income	$23M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$385M
Minority Interest	$0
TOTAL EQUITY	$385M
TOTAL LIABILITIES & EQUITY	$3.4B
Total Debt	$450M
Net Debt	$221M