Burke

Summit Financial Group Reports Earnings of $1.11 Per Share for Fourth Quarter 2023

Retrieved on: 
Thursday, January 25, 2024
NIM, Trust, Summit, Federal, Non-commissioned officer, Sale, Investment, Acquisition, NPAS, PSB, Burke, Growth, Video game

The Company’s provision for credit losses totaled $1.50 million in the fourth quarter of 2023 compared to $1.25 million in the linked quarter.

Key Points: 
  • The Company’s provision for credit losses totaled $1.50 million in the fourth quarter of 2023 compared to $1.25 million in the linked quarter.
  • Net interest income totaled $40.8 million in the fourth quarter of 2023, marking an increase of 18.7 percent from the prior-year fourth quarter and down 1.2 percent from the linked quarter.
  • Summit recorded a $1.50 million provision for credit losses in the fourth quarter of 2023 compared to $1.25 million for the linked quarter and $1.50 million in the fourth quarter of 2022.
  • The Company recognized net gains on equity investments of $365,000 in the fourth quarter 2023 compared to $180,000 in the linked quarter.

Summit Financial Group Reports Earnings of $1.09 Per Share for Third Quarter 2023

Retrieved on: 
Thursday, October 26, 2023
Sale, Non-commissioned officer, History, PSB, CRE, NPAS, Acquisition, Trust, Mergers and acquisitions, C&I, Growth, Current Expected Credit Losses, NIM, CECL, Plan, Investment, Video game, Credit, Gasoline, Bank, Cryptocurrency, Real estate, Burke

MOOREFIELD, W.Va., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Company” or “Summit”) (NASDAQ: SMMF) today reported financial results for the third quarter of 2023, highlighting robust core operating performance marked by continued notable strength in its net interest margin.

Key Points: 
  • MOOREFIELD, W.Va., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Company” or “Summit”) (NASDAQ: SMMF) today reported financial results for the third quarter of 2023, highlighting robust core operating performance marked by continued notable strength in its net interest margin.
  • The Company’s provision for credit losses totaled $1.25 million in the third quarter of 2023 compared to $8.00 million in the linked quarter.
  • In addition, the Company recognized net gains on equity investments of $180,000 in the third quarter 2023 compared to $150,000 in the linked quarter.
  • Summit paid a quarterly common dividend of $0.22 per share in the third quarter of 2023.

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates ESTE, SMMF, BHRB, CEQP

Retrieved on: 
Sunday, October 8, 2023
Permian, Transfer, NYSE, Fraud, Energy, Advertising, Petroleum & Resources Corporation, Burke, Sale, Energy Transfer Partners, Security (finance)

If you are an Earthstone shareholder, click here to learn more about your rights and options .

Key Points: 
  • If you are an Earthstone shareholder, click here to learn more about your rights and options .
  • Summit Financial Group, Inc. (NASDAQ: SMMF)’s sale to Burke & Herbert Financial Services Corp. for 0.5043 shares of Burke & Herbert common stock for each share of Summit common stock.
  • If you are a Summit shareholder, click here to learn more about your rights and options .
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

Burke & Herbert Bank Launches Goals for Good

Retrieved on: 
Friday, October 13, 2023
Partnership, Washington Capitals, Father, Empowerment, Organization, Capital city, NBC, Mentorship, Connect, National Hockey League, Burke, Bank, NHL, Management, Somatosensory system, Washington metropolitan area

ALEXANDRIA, Va., Oct. 13, 2023 /PRNewswire/ -- Burke & Herbert Bank will donate $100 to the Capital Youth Empowerment Program (CYEP) for each goal scored by the Washington Capitals during the 2023-2024 National Hockey League (NHL) regular season. This campaign is in partnership with Monumental Sports, broadcasters of the hometown Capitals.

Key Points: 
  • As a local bank, we know the important role community involvement such as this plays in future success, financial and otherwise."
  • "We're excited to be selected as the Burke & Herbert Bank 'Goals for Good' donation recipient," said Erick King, Capital Youth Empowerment Program (CYEP) Executive Director.
  • is the $3.6 billion financial holding company for Burke & Herbert Bank & Trust Company.
  • Burke & Herbert Bank & Trust Company is the oldest continuously operating bank under its original name headquartered in the greater Washington DC Metro area.

John Burke, Former CFO of Kampgrounds of American (KOA), Joins KCN Campgrounds

Retrieved on: 
Tuesday, October 3, 2023
Corporate-owned life insurance, Acquisition, KCN, Partner, Wisconsin Dells, Camping, Burke, CFO, Knowledge, SVP, KOA, Financial management, Risk management

KCN Campgrounds , a leading outdoor hospitality company, is delighted to announce that John Burke , former KOA CFO, has joined the company.

Key Points: 
  • KCN Campgrounds , a leading outdoor hospitality company, is delighted to announce that John Burke , former KOA CFO, has joined the company.
  • Burke will join KCN Campgrounds to focus on finance, acquisitions and investor relations.
  • Burke’s extensive experience and outstanding achievements at KOA as CFO and SVP of Franchise Finance have positioned him to be an exceptional addition to the KCN team.
  • “We are thrilled to have John Burke join us at KCN Campgrounds,” said Nate Thompson, a Partner at KCN.

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates SMMF, BHRB, RPT, HT

Retrieved on: 
Sunday, September 3, 2023
Kimco Realty, Burke, Sale, NYSE, Advertising, Fraud, RPT Realty, KSL Capital Partners, RPT, Security (finance), Hersha Hospitality Trust

If you are a Summit shareholder, click here to learn more about your rights and options .

Key Points: 
  • If you are a Summit shareholder, click here to learn more about your rights and options .
  • If you are a Burke & Herbert shareholder, click here to learn more about your rights and options .
  • Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected] .
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

Outpace Bio Expands Seattle Presence with Cell Therapy Research Hub & Collaborations with Leading Experts in Protein Design & Cancer Immunotherapy

Retrieved on: 
Monday, May 22, 2023
University, UW, Biochemistry, Fred Hutchinson Cancer Research Center, Infection, Clinical and Translational Science Award, Howard Hughes Medical Institute, Research, Doctor of Philosophy, Breakthrough Prize in Life Sciences, CAR, MD, Patient, Machine learning, University of Washington School of Medicine, Algorithm, Cancer, Drug discovery, Burke, Cell engineering, Therapy, Pharmaceutical industry, Oncology, Immunotherapy, Medicine

This expansion will accelerate the company’s efforts to turn cell therapies into safe and effective cures for patients.

Key Points: 
  • This expansion will accelerate the company’s efforts to turn cell therapies into safe and effective cures for patients.
  • "Seattle is home to some of the world's leading biomedical institutions, and we look forward to growing into this community," said Marc Lajoie , CEO and co-founder of Outpace Bio.
  • "Together, these collaborations will help advance our mission to create safe and effective cell therapies."
  • Dr. Baker has co-founded multiple biotechnology companies, published over 600 research articles, and is a named inventor on more than 100 patents related to protein design.

Johnson & Wales University Awards David Burke Honorary Doctorate

Retrieved on: 
Friday, May 5, 2023
Cloud, Wolffram's red salt, Employment, Education, Life, Speech, Burke's Peerage, Chef, Student, Business administration, Restaurant, Johnson & Wales University, Brookdale Community College, Letter, Le Méridien, Doctor of Business Administration, Pharmaceutical industry, Nursing, JWU, Burke

CHARLOTTE, N.C., May 5, 2023 /PRNewswire/ -- Today David Burke, the globally acclaimed chef known for his creative approach to modern American cuisine, received an honorary doctorate in business administration, from Johnson & Wales University (JWU) for his outstanding achievements in the culinary world during a career that began in 1983 and is going stronger than ever with the debut of four new restaurants to date this year. The presentation was made at JWU's Charlotte campus's annual commencement ceremony. Burke is the first chef in a decade to be recognized with the honorary degree that is awarded every year at the JWU Charlotte ceremony.

Key Points: 
  • So far, EIGHTJWU Charlotte graduates have been named Burke Fellows giving the chef a notable connection to the university beyond the new honorary doctorate.
  • In a letter confirming the presentation of the degree to Burke, the chancellor of Johnson & Wales University, Mim l. Runey, LP.D., said.
  • "On behalf of all of us at Johnson & Wales University, we are so pleased to be honoring chef David Burke for his extraordinary achievements in the culinary world, especially his advancement of modern American cuisine, as Johnson & Wales celebrates 50 years of culinary education.
  • David Burke, for being Powered by Purpose and for leading with passion, Johnson & Wales University is proud to confer upon you the degree of Doctor of Business Administration, honoris causa."

Burke & Herbert Financial Services Corp. Announces Intention to Become Publicly-Traded Exchange-Listed Company

Retrieved on: 
Tuesday, November 15, 2022
Company, Nasdaq, Bank, Securities and Exchange Commission (Nigeria), Security (finance), The Company, Burke

ALEXANDRIA, Va., Nov. 15, 2022 /PRNewswire/ --Burke & Herbert Financial Services Corp. (the "Company") (OTCPK: BHRB), the bank holding company for Burke & Herbert Bank & Trust Company, announced the intent to list its shares on the Nasdaq stock exchange within the next six months.

Key Points: 
  • ALEXANDRIA, Va., Nov. 15, 2022 /PRNewswire/ --Burke & Herbert Financial Services Corp. (the "Company") (OTCPK: BHRB), the bank holding company for Burke & Herbert Bank & Trust Company, announced the intent to list its shares on the Nasdaq stock exchange within the next six months.
  • "We believe listing our shares on Nasdaq will broaden the Company's access to capital and provide better liquidity for our shareholders," said David P. Boyle, President & Chief Executive Officer.
  • Burke & Herbert Financial Services Corp. is the bank holding company for Burke & Herbert Bank & Trust Company.
  • Burke & Herbert Bank & Trust Company is the oldest continuously operating bank under its original name headquartered in the greater Washington DC Metro area.

Charleston Mix Bloody Mary Expands with New Distributor and Retail Relationships in the Northeast and Midwest

Retrieved on: 
Thursday, October 13, 2022
Bloody Mary, Nation, Growth, LLC, Tito's Vodka, Partnership, Burke, Goal, World, Industry, IBC, Bloody, Mix, Tourism

CHARLESTON, S.C., Oct. 13, 2022  /PRNewswire-PRWeb/ -- The consumer trend that is bolstering the growth and popularity of all-natural and gluten-free brands is exemplified by the continued momentum of Charleston Mix Bloody Mary. Charleston Mix remains the #1 Craft Bloody Mary, but it is also now the #3 overall best-selling brand in the category. The company posted double-digit growth in each of the 13/26/52-week periods ended June 25, 2022, while other top 10 brands saw flat or declining sales over the same period, according to NielsenIQ.

Key Points: 
  • CHARLESTON, S.C., Oct. 13, 2022 /PRNewswire-PRWeb/ -- The consumer trend that is bolstering the growth and popularity of all-natural and gluten-free brands is exemplified by the continued momentum of Charleston Mix Bloody Mary.
  • Charleston Mix remains the #1 Craft Bloody Mary, but it is also now the #3 overall best-selling brand in the category.
  • Charleston Mix maintains its growth trajectory in the core Southeast footprint, but new state distributor relationships and large chain authorizations are expanding at a rapid pace.
  • In 2009, Ryan Eleuteri, Charleston Mix Founder, set out to create a superior alternative to the everyday Bloody Mary.