Burke & Herbert Financial Services Corp. (BHRB) announced earnings for its first quarter that increased from the same period last year
The company's bottom line totaled $26.976 million, or $1.80 per share. This compares with $5.212 million, or $0.69 per share, last year.
The company's revenue for the period rose 214.6% to $83.010 million from $26.385 million last year.
Burke & Herbert Financial Services Corp. earnings at a glance (GAAP) :
-Earnings: $26.976 Mln. vs. $5.212 Mln. last year.-EPS: $1.80 vs. $0.69 last year.-Revenue: $83.010 Mln vs. $26.385 Mln last year.
On April 24, the Board declared a $0.55 per share regular dividend to be paid on June 2, to shareholders of record as of May 15.
Burke & Herbert said its Board has authorized a share repurchase program, pursuant to which, the company may purchase up to $50 million of its shares in the open market or in privately negotiated transactions.
BHRB was up by 1.50 percent at $52.04 on the Nasdaq.
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