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Stock impact report

Burke & Herbert Financial Services Corp. Announces Second Quarter 2024 Results and Declares Common Stock Dividend [Yahoo! Finance]

Burke & Herbert Financial Services Corp. (BHRB) 
NASDAQ:AMEX Investor Relations: skiburke.com
Company Research Source: Yahoo! Finance
In addition, at its meeting on July 25, 2024, the board of directors declared a per share regular cash dividend to be paid on September 3, 2024, to shareholders of record as of the close of business on August 15, 2024. Q2 2024 Highlights On May 3, 2024 , the Company announced the completion of the merger of Summit Financial Group, Inc. ("Summit") with and into Burke & Herbert and the merger of Summit Community Bank, Inc., with and into Burke & Herbert Bank & Trust Company. The merger created a financial holding company with more than $7.8 billion in assets and more than 75 branches across Virginia West Virginia Maryland Delaware , and Kentucky , with more than 800 employees serving our communities. Related to the merger, the total aggregate consideration paid was approximately $397.4 million and resulted in approximately $32.8 million of preliminary goodwill subject to adjustment in accordance with ASC 805. Reflective of the current expected credit losses ("CECL") provision ex Show less Read more
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