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BHRB (Burke & Herbert Financial Services) Effective Interest Rate on Debt % : 33.97% (As of Mar. 2025)


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What is Burke & Herbert Financial Services Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Burke & Herbert Financial Services's annualized positive value of Interest Expense for the quarter that ended in Mar. 2025 was $151.2 Mil. Burke & Herbert Financial Services's average total debt for the quarter that ended in Mar. 2025 was $445.1 Mil. Therefore, Burke & Herbert Financial Services's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 was 33.97%.


Burke & Herbert Financial Services Effective Interest Rate on Debt % Historical Data

The historical data trend for Burke & Herbert Financial Services's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Burke & Herbert Financial Services Effective Interest Rate on Debt % Chart

Burke & Herbert Financial Services Annual Data
Trend Dec03 Dec04 Dec05 Dec06 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.52 1.69 2.89 17.28 37.49

Burke & Herbert Financial Services Quarterly Data
Dec06 Mar07 Jun07 Sep07 Dec19 Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.03 38.54 43.98 37.10 33.97

Competitive Comparison of Burke & Herbert Financial Services's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Burke & Herbert Financial Services's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Burke & Herbert Financial Services's Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Burke & Herbert Financial Services's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Burke & Herbert Financial Services's Effective Interest Rate on Debt % falls into.


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Burke & Herbert Financial Services Effective Interest Rate on Debt % Calculation

Burke & Herbert Financial Services's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2023 )+Total Debt  (A: Dec. 2024 ))/ count )
=-1  *  -140.376/( (272+476.885)/ 2 )
=-1  *  -140.376/374.4425
=37.49 %

where

Total Debt  (A: Dec. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=111.885 + 365
=476.885

Burke & Herbert Financial Services's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2024 )+Total Debt  (Q: Mar. 2025 ))/ count )
=-1  *  -151.196/( (476.885+413.289)/ 2 )
=-1  *  -151.196/445.087
=33.97 %

where

Total Debt  (Q: Dec. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=111.885 + 365
=476.885

Total Debt  (Q: Mar. 2025 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=113.289 + 300
=413.289

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Mar. 2025) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Burke & Herbert Financial Services  (NAS:BHRB) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Burke & Herbert Financial Services Effective Interest Rate on Debt % Related Terms

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Burke & Herbert Financial Services Business Description

Traded in Other Exchanges
N/A
Address
100 S. Fairfax Street, Alexandria, VA, USA, 22314
Burke & Herbert Financial Services Corp is the bank holding company. Through its subsidiary, it predominantly serves small to medium-sized businesses, their owners and employees, professional corporations, non-profits, and individuals with various banking products and financial services. Some of its products and service offerings include checking, savings, and money market accounts, certificates of deposit, treasury and cash management services, commercial and industrial loans, commercial real estate loans, residential mortgage, acquisition, construction, and development loans, online banking, mobile banking, and wealth and trust services. The company operates in a single segment, namely Community Banking.
Executives
Barnwell Julian Forrest Jr. director C/O BURKE & HERBERT FINANCIAL SERVICES, 100 S. FAIRFAX STREET, ALEXANDRIA VA 22314
Jose David Riojas director C/O BURKE & HERBERT FINANCIAL SERVICES, 100 S. FAIRFAX STREET, ALEXANDRIA VA 22314
Shawn Patrick Mclaughlin director C/O BURKE & HERBERT FINANCIAL SERVICES, 100 S. FAIRFAX STREET, ALEXANDRIA VA 22314
James Mason Burke director C/O BURKE & HERBERT FINANCIAL SERVICES, 100 S. FAIRFAX STREET, ALEXANDRIA VA 22314
Mark Guthrie Anderson director C/O BURKE & HERBERT FINANCIAL SERVICES, 100 S. FAIRFAX STREET, ALEXANDRIA VA 22314
David P Boyle director, officer: Chair, President, & CEO 5151 COLUMBUS RD, WOOSTER OH 44691
Nicholas Iii Carosi director 22900 SHAW ROAD, SUITE 111, STERLING VA 20166
Shannon Barrow Rowan officer: EVP, Wealth Services C/O BURKE & HERBERT FINANCIAL SERVICES, 100 S. FAIRFAX STREET, ALEXANDRIA VA 22314
Hinson Samuel Laing Iii director C/O BURKE & HERBERT FINANCIAL SERVICES, 100 S. FAIRFAX STREET, ALEXANDRIA VA 22314
Smith Kendrick Cook officer: EVP, Operations C/O BURKE & HERBERT FINANCIAL SERVICES, 100 S. FAIRFAX STREET, ALEXANDRIA VA 22314
Katherine Diane Bonnafe director C/O BURKE & HERBERT FINANCIAL SERVICES, 100 S. FAIRFAX STREET, ALEXANDRIA VA 22314
Edmund Hunt Burke director C/O BURKE & HERBERT FINANCIAL SERVICES, 100 S. FAIRFAX STREET, ALEXANDRIA VA 22314
Michael David Lubeley director C/O BURKE & HERBERT FINANCIAL SERVICES, 100 S. FAIRFAX STREET, ALEXANDRIA VA 22314
Jennifer Palmer Schmidt officer: EVP, Enterprise Risk C/O BURKE & HERBERT FINANCIAL SERVICES, 100 S. FAIRFAX STREET, ALEXANDRIA VA 22314
Joseph Frye Collum officer: Executive Vice President C/O BURKE & HERBERT FINANCIAL SERVICES, 100 S. FAIRFAX STREET, ALEXANDRIA VA 22314