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Burke & Herbert Financial Services (Burke & Herbert Financial Services) Credit Losses Provision : $-1.0 Mil (As of Dec. 2023)


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What is Burke & Herbert Financial Services Credit Losses Provision?

Burke & Herbert Financial Services's credit losses provision for the three months ended in Dec. 2023 was $-0.8 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $-1.0 Mil.

Burke & Herbert Financial Services's quarterly credit losses provision increased from Jun. 2023 ($0.2 Mil) to Sep. 2023 ($0.2 Mil) but then declined from Sep. 2023 ($0.2 Mil) to Dec. 2023 ($-0.8 Mil).

Burke & Herbert Financial Services's annual credit losses provision declined from Dec. 2021 ($-1.0 Mil) to Dec. 2022 ($-7.5 Mil) but then increased from Dec. 2022 ($-7.5 Mil) to Dec. 2023 ($0.2 Mil).

Burke & Herbert Financial Services Credit Losses Provision Historical Data

The historical data trend for Burke & Herbert Financial Services's Credit Losses Provision 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 Credit Losses Provision Chart

Burke & Herbert Financial Services Annual Data
Trend Dec02 Dec03 Dec04 Dec05 Dec06 Dec19 Dec20 Dec21 Dec22 Dec23
Credit Losses Provision
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.62 11.27 -1.00 -7.47 0.21

Burke & Herbert Financial Services Quarterly Data
Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec19 Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Credit Losses Provision 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 0.52 0.21 0.24 -0.75 -0.67

Burke & Herbert Financial Services Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.0 Mil.

* 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.

Burke & Herbert Financial Services (Burke & Herbert Financial Services) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Burke & Herbert Financial Services Corp (NAS:BHRB) » Definitions » Credit Losses Provision
Comparable Companies
ESQ NBN PGC SMMF ALRS CCNE BHB SPFI THVB AROW NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK NSE:SBIN SAU:1120 XPAR:BNP ISX:BBCA MIC:SBER SGX:D05 MIL:ISP
Traded in Other Exchanges
N/A
Address
100 S Fairfax Street, Alexandria, VA, USA, 22314
Website
https://www.burkeandherbertbank.com
Burke & Herbert Financial Services Corp is the bank holding company. The bank offers a full range of business and personal financial solutions designed to meet customers' banking, borrowing, and investment needs and has over 20 branches throughout the Northern Virginia region and commercial loan offices in Fredericksburg, Loudoun County, and Richmond, Virginia, and in Bethesda, Maryland.
Executives
Barnwell Julian Forrest Jr. 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
David P Boyle director, officer: Chair, President, & CEO 5151 COLUMBUS RD, WOOSTER OH 44691
Jose David Riojas 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
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
Emily Stavroula Debeniotis officer: EVP, Human Resources C/O BURKE & HERBERT FINANCIAL SERVICES, 100 S. FAIRFAX STREET, ALEXANDRIA VA 22314