Burke & Herbert Bank Reports Second-Quarter Earnings
Alexandria, VA — Burke & Herbert Bank is reporting solid earnings for the second quarter of 2013, highlighted by significant reductions in interest expense for the first six months of the year, coupled with increased loan production in the first half of the year compared to the same period a year ago.
For the three-month period ending June 30, 2013, net income totaled $8.5 million, bringing the year-to-date total to $17.2 million, down slightly from the same six-month period a year ago. Earnings per share of $89.59 for the year-to-date are down modestly from the same period last year. However, dividends per share - $35.00 - remain equal to the first six months of 2012.
To read the results in detail, download a copy of our Second Quarter 2013 Earnings Report.
Burke & Herbert Bank, established in 1852, is the oldest bank in the Commonwealth of Virginia and the oldest continuously operating bank in the Washington, D.C. area. The Bank offers a full range of personal and business banking products along with investment accounts, trust products and wealth management services. Burke & Herbert Bank is headquartered in Alexandria and operates 25 branches in Northern Virginia.
Trust products and wealth management services are not deposits, are not insured by the FDIC or any other government agency, are not guaranteed by the Bank and may lose value.