Burke & Herbert Bank Reports Third-Quarter Earnings
Alexandria, VA – Burke & Herbert Bank is on track for another solid earnings year, despite the continuing challenges associated with the prolonged low-rate environment.
For the nine months ended September 30, 2013, the Bank posted net income of $26.0 million, down modestly (-$709,000 or -2.7%) from the same period in 2012. For the third quarter, net income totaled $8.8 million, shy of the same quarter last year by $106,000, or -1.2%.
To read the results in detail, download a copy of our Third 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.