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Burke & Herbert Financial Services Corp. Announces Second Quarter 2024 Results and Declares Common Stock Dividend
BHRBBurke & Herbert Financial Services (BHRB) Prnewswire·2024-07-26 13:15

Q2 2024 Highlights Related to the merger, the total aggregate consideration paid was approximately 397.4millionandresultedinapproximately397.4 million and resulted in approximately 32.8 million of preliminary goodwill subject to adjustment in accordance with ASC 805. Net interest income for the quarter was 59.8million;netinterestincomeonafullytaxableequivalentbasis(non−GAAP1)forthequarterwas59.8 million; net interest income on a fully taxable equivalent basis (non-GAAP1) for the quarter was 60.5 million. Provision for credit losses ("provision") of 23.9millionforthequarter;23.9 million for the quarter; 29.5 million of CECL Day 2 nonpurchased credi ...