BHRB Q1 2020 Earnings Report — Burke & Herbert Financial Services Corp. Revenue & Financial Results | Market Cap Arena

Burke & Herbert Financial Services Corp.BHRB

Q1 2020 Earnings

Reported March 30, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q1 2020	Q4 2019	Q1 2019	QoQ Change	YoY Change
Revenue	$32M	$26M	$34M	23.3%	-6.9%
Op. Income	$8M	-$4M	$9M	270.4%	-19.8%
Gross Margin	80.2%	60.4%	83.9%	19.8pp	-3.7pp
Net Margin	21.8%	-5.4%	24.9%	27.2pp	-3.0pp
EPS (Diluted)	$0.92	$-0.18	$1.12	611.1%	-17.9%

Revenue Flow

Item	Amount
REVENUE	$32M
Cost of Revenue	$6M
GROSS PROFIT	$25M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$13M
SG&A Expenses	$13M
Other Expenses	$5M
Operating Expenses	$18M
Cost & Expenses	$24M
OPERATING INCOME	$8M
Interest Income	$26M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$8M
Income Tax Expense	$687.0K
Net Income from Continuing Ops	$7M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$7M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$7M
D&A	$0
EBIT	$8M
EBITDA	$8M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$32M
Cost of Revenue	$6M
GROSS PROFIT	$25M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$13M
SG&A Expenses	$13M
Other Expenses	$5M
Operating Expenses	$18M
Cost & Expenses	$24M
OPERATING INCOME	$8M
Interest Income	$26M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$8M
Income Tax Expense	$687.0K
Net Income from Continuing Ops	$7M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$7M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$7M
D&A	$0
EBIT	$8M
EBITDA	$8M
EPS	$1
EPS Diluted	$1

Balance Sheet

Item	Amount
Cash & Equivalents	$0
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$244M
TOTAL CURRENT ASSETS	$244M
PP&E (Net)	$40M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$2.8B
TOTAL NON-CURRENT ASSETS	$2.9B
TOTAL ASSETS	$3.1B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$633M
TOTAL CURRENT LIABILITIES	$633M
Long-Term Debt	$225M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1.9B
TOTAL NON-CURRENT LIABILITIES	$2.1B
TOTAL LIABILITIES	$2.8B
Common Stock	$4M
Additional Paid-In Capital	$10M
Retained Earnings	$367M
Treasury Stock	-$26M
Accum. Other Comp. Income	$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$356M
Minority Interest	$0
TOTAL EQUITY	$356M
TOTAL LIABILITIES & EQUITY	$3.1B
Total Debt	$225M
Net Debt	$225M