Estados financieros detallados de Burke & Herbert Financial Services Corp. (BHRB): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
Burke & Herbert Financial Services Corp. registró ingresos de $491.1M en el último ejercicio fiscal, con un CAGR de 5 años del 32.3%. El beneficio neto alcanzó $117.3M, con un CAGR a 5 años del 34.7%.
Márgenes de los últimos 12 meses: margen bruto 68.1%, margen operativo 27.1%, margen neto 21.9%. El flujo de caja libre creció a un CAGR del 36.3% en 5 años.
Al precio actual de $70.58, BHRB cotiza a un P/E de 10.88 y un ROE del 10.37%. La capitalización bursátil es de $1.4B.
Cuenta de Resultados (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $127.5M | $121.4M | $119.1M | $127.5M | $162.3M | $396.9M | $491.1M |
| Coste de Ventas | $27.7M | $23.9M | $3.2M | $1.5M | $53.4M | $164.6M | $150.6M |
| Beneficio Bruto | $99.8M | $97.4M | $115.9M | $126.0M | $108.9M | $232.3M | $340.5M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $61.4M | $48.9M | $53.4M | $51.4M | $53.2M | $101.5M | $132.2M |
| Gastos Operativos | $83.1M | $69.0M | $75.5M | $73.7M | $83.9M | $192.4M | $195.6M |
| Beneficio Operativo | $16.7M | $28.4M | $40.4M | $52.3M | $25.1M | $39.9M | $144.9M |
| EBITDA | $19.8M | $31.4M | $43.6M | $55.6M | $27.9M | $57.3M | $167.7M |
| Gastos por Intereses | $21.5M | $11.3M | $4.2M | $8.9M | $53.1M | $140.4M | $149.1M |
| Beneficio Antes de Impuestos | $16.7M | $28.4M | $40.4M | $52.3M | $25.1M | $39.9M | $144.9M |
| Impuestos | -$255000 | $1.9M | $4.3M | $8.3M | $2.4M | $4.2M | $27.6M |
| Beneficio Neto | $17.0M | $26.5M | $36.2M | $44.0M | $22.7M | $35.7M | $117.3M |
| BPA | $2.12 | $3.31 | $4.52 | $5.93 | $3.05 | $2.34 | $7.75 |
| BPA Diluido | $2.12 | $3.31 | $4.52 | $5.89 | $3.02 | $2.34 | $7.75 |
| Acciones en Circulación (Diluidas) | $8.0M | $8.0M | $8.0M | $7.5M | $7.4M | $15.0M | $15.0M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $121.6M | $122.8M | $118.3M | $80.6M |
| Beneficio Bruto | $83.9M | $86.4M | $84.7M | $47.0M |
| Beneficio Operativo | $37.0M | $37.9M | $33.3M | $12.0M |
| EBITDA | $42.5M | $43.5M | $38.9M | $6.4M |
| Beneficio Neto | $30.0M | $30.3M | $27.3M | $9.5M |
| BPA | $1.98 | $2.00 | $1.80 | $0.50 |
| BPA Diluido | $1.97 | $2.00 | $1.79 | $0.50 |
Balance (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $83.7M | $228.7M | $77.4M | $50.3M | $44.5M | $135.3M | $53.5M |
| Inversiones a Corto | $693.8M | $1.16B | $1.61B | $1.37B | $505.9M | $332.4M | $1.62B |
| Cuentas por Cobrar | $8.1M | $13.8M | $15.3M | $15.5M | $15.9M | $34.5M | $35.4M |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $785.6M | $1.40B | $1.70B | $1.44B | $566.3M | $502.1M | $1.70B |
| Inmovilizado Material | $41.2M | $40.5M | $36.9M | $53.2M | $61.1M | $132.3M | $136.8M |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | $32.8M | $34.1M |
| Activos Intangibles | 0 | 0 | 0 | 0 | 0 | $57.3M | $41.7M |
| Activos Totales | $2.87B | $3.42B | $3.62B | $3.56B | $3.62B | $7.81B | $7.92B |
| Cuentas por Pagar | $43.4M | $25.5M | $23.7M | $25.9M | $28.9M | 0 | 0 |
| Deuda a Corto | $75.0M | $225.0M | $275.0M | $343.1M | $272.0M | $365.0M | $450.0M |
| Pasivos Corrientes | $2.51B | $3.04B | $3.23B | $3.29B | $3.30B | $6.88B | $450.0M |
| Deuda a Largo | $75.0M | $225.0M | $275.0M | $343.1M | $272.0M | $111.9M | $87.5M |
| Pasivos Totales | $2.51B | $3.04B | $3.23B | $3.29B | $3.30B | $7.08B | $7.07B |
| Reservas | $338.3M | $374.8M | $396.1M | $424.4M | $427.3M | $434.1M | $517.1M |
| Patrimonio Neto | $353.5M | $384.9M | $389.6M | $273.5M | $314.8M | $730.2M | $854.6M |
| Deuda Total | $150.0M | $450.0M | $550.0M | $686.2M | $544.0M | $476.9M | $537.5M |
| Deuda Neta | -$627.5M | -$938.4M | -$1.13B | -$735.9M | -$6.4M | $9.2M | -$1.13B |
| Capital Circulante | -$1.73B | -$1.64B | -$1.53B | -$1.85B | -$2.74B | -$6.38B | $1.25B |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $131.7M | $53.5M | $69.6M | $116.4M |
| Activos Totales | $7.89B | $7.92B | $7.93B | $10.99B |
| Pasivos Totales | $7.07B | $7.07B | $7.06B | $9.79B |
| Patrimonio Neto | $822.2M | $854.6M | $864.5M | $1.20B |
| Deuda Total | $536.1M | $537.5M | $613.8M | $677.2M |
Flujo de Caja (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $17.0M | $26.5M | $36.2M | $44.0M | $22.7M | $35.7M | $117.3M |
| Amortizaciones | $3.0M | $2.9M | $3.2M | $3.1M | $2.9M | $17.4M | $22.7M |
| Compensación en Acciones | $32000 | $146000 | $283000 | $2.0M | $2.5M | $2.9M | $4.8M |
| Cambio en Capital Circulante | $7.5M | -$14.5M | $1.1M | $4.2M | $9.9M | $34.2M | -$22.3M |
| Flujo de Caja Operativo | $25.7M | $23.2M | $55.0M | $61.1M | $42.5M | $86.1M | $107.9M |
| Inversiones (CapEx) | -$1.8M | -$2.7M | -$1.1M | -$23.1M | -$14.2M | -$4.6M | -$11.7M |
| Adquisiciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Recompra de Acciones | -$3.1M | -$1.5M | -$1.1M | 0 | 0 | 0 | 0 |
| Dividendos Pagados | -$15.0M | -$14.9M | -$14.9M | -$15.7M | -$15.7M | -$28.6M | -$33.9M |
| Flujo de Caja Libre | $23.9M | $20.5M | $53.9M | $38.0M | $28.3M | $81.2M | $96.2M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $39.3M | $30.9M | $26.5M | $313000 |
| Inversiones (CapEx) | -$3.9M | -$2.6M | -$1.9M | -$2.2M |
| Flujo de Caja Libre | $35.4M | $28.3M | $24.6M | -$1.9M |
| Dividendos Pagados | -$8.5M | -$8.5M | -$8.5M | -$11.3M |
| Compensación en Acciones | $1.2M | $1.1M | $1.1M | 0 |
Crecimiento y Márgenes (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | -4.8% | -1.8% | +7.0% | +27.3% | +144.6% | +23.7% |
| Crecimiento Beneficio Neto (anual) | | +56.1% | +36.5% | +21.7% | -48.4% | +57.4% | +228.5% |
| Crecimiento BPA (anual) | | +56.1% | +36.6% | +31.2% | -48.6% | -23.3% | +231.2% |
| Cambio en Acciones (anual) | | +0.0% | +0.0% | -6.7% | -0.5% | +101.5% | +0.4% |
| Crecimiento FCF (anual) | | -14.3% | +162.9% | -29.5% | -25.6% | +187.4% | +18.5% |
| Margen Bruto | 78.3% | 80.3% | 97.3% | 98.8% | 67.1% | 58.5% | 69.3% |
| Margen Operativo | 13.1% | 23.4% | 33.9% | 41.0% | 15.4% | 10.1% | 29.5% |
| Margen EBITDA | 15.5% | 25.9% | 36.6% | 43.6% | 17.2% | 14.4% | 34.1% |
| Margen Neto | 13.3% | 21.8% | 30.4% | 34.5% | 14.0% | 9.0% | 23.9% |
| Margen FCF | 18.7% | 16.9% | 45.2% | 29.8% | 17.4% | 20.5% | 19.6% |
| Tasa Impositiva Efectiva | -1.5% | 6.8% | 10.6% | 15.8% | 9.5% | 10.5% | 19.1% |
Datos por Acción (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $2.99 | $2.56 | $6.73 | $5.09 | $3.80 | $5.43 | $6.40 |
| Dividendo por Acción | $1.87 | $1.86 | $1.86 | $2.11 | $2.12 | $1.91 | $2.26 |
| Acciones en Circulación (Básicas) | $8.0M | $8.0M | $8.0M | $7.4M | $7.4M | $15.0M | $15.0M |
Qué mirar en empresas de Financial Services
- Efficiency Ratio (≤55%) — Gastos operativos / ingresos. Bancos top por debajo del 55%.
- ROA (≥1%) — Cuánto ganan por cada euro de activos. En banca el ROE engaña por el apalancamiento.
- ROTCE (≥12%) — Rentabilidad sobre Capital Tangible. Descuenta goodwill e intangibles.
- Capital / Activos (proxy Tier 1) (≥8%) — Proxy del ratio de capital. FMP no expone Tier 1 regulatorio directo.
- P/B (1,0-1,5x) — Métrica clásica bancaria. <1x puede ser oportunidad o distress.
- Rentabilidad por dividendo sostenible (≥2%, <8%) — Bancos UE pagan 5-7% sin estrés. >8% es señal de distress.
Rentabilidad
| Rentabilidad sobre capital | 10.37% |
| Rentabilidad sobre capital invertido | 3.91% |
| Rentabilidad sobre activos | 0.88% |
| Margen bruto | 68.13% |
| Margen operativo | 27.12% |
| Margen neto | 21.89% |
Salud financiera
| Deuda / Patrimonio | 0.56 |
| Ratio corriente | 4.06 |
Ratios Clave (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | 26.37 | 12.89 | 12.17 | 11.92 | 20.62 | 26.65 | 8.04 |
| P/VC | 1.27 | 0.89 | 1.13 | 1.92 | 1.48 | 1.28 | 1.10 |
| P/V | 3.51 | 2.81 | 3.69 | 4.12 | 2.88 | 2.35 | 1.91 |
| Margen Bruto | 78.3% | 80.3% | 97.3% | 98.8% | 67.1% | 58.5% | 69.3% |
| Margen Operativo | 13.1% | 23.4% | 33.9% | 41.0% | 15.4% | 10.1% | 29.5% |
| Margen Neto | 13.3% | 21.8% | 30.4% | 34.5% | 14.0% | 9.0% | 23.9% |