Earnings summaries and quarterly performance for Burke & Herbert Financial Services.
Executive leadership at Burke & Herbert Financial Services.
David Boyle
Detailed
Chief Executive Officer
CEO
AZ
Angela Zirk
Detailed
Chief Experience Officer
BR
Bradford Ritchie
Detailed
Chief Lending Officer
CM
Charles Maddy
Detailed
President
DF
Danyl Freeman
Detailed
Chief Human Resources Officer
JS
Jennifer Schmidt
Detailed
Chief Risk Officer
JH
Joseph Hager
Detailed
Chief Operating Officer
JM
Julie Markwood
Detailed
Senior Vice President
KP
Kirtan Parikh
Detailed
Senior Vice President and Director of Strategy
LK
Lauren Kimlel
Detailed
Executive Vice President, Branch Banking
PH
Patrick Huffman
Detailed
Chief Accounting Officer
RH
Robert Hintelmann Jr.
Detailed
Chief Credit Officer
RT
Robert Tissue
Detailed
Executive Vice President, Financial Strategy
RH
Roy Halyama
Detailed
Chief Financial Officer
SR
Shannon Rowan
Detailed
Executive Vice President, Wealth Services
Board of directors at Burke & Herbert Financial Services.
CP
Charles Piccirillo
Detailed
Director
GH
Gary Hinkle
Detailed
Director
GG
Georgette George
Detailed
Director
JB
James Burke
Detailed
Director
JG
James Geary II
Detailed
Director
JU
Jill Upson
Detailed
Director
JR
Jose Riojas
Detailed
Director
JB
Julian Barnwell
Detailed
Director
KB
Katherine Bonnafé
Detailed
Director
LH
Laing Hinson
Detailed
Vice Chair and Director
MA
Mark Anderson
Detailed
Director
OB
Oscar Bean
Detailed
Vice Chair and Director
SM
Shawn McLaughlin
Detailed
Director
Research analysts covering Burke & Herbert Financial Services.
Recent press releases and 8-K filings for BHRB.
Burke & Herbert Financial Services Corp. Announces Q4 and Full Year 2025 Results and Merger Agreement
BHRB
Earnings
Dividends
M&A
- For the fourth quarter of 2025, Burke & Herbert Financial Services Corp. reported net income applicable to common shares of $30.0 million and diluted earnings per common share (EPS) of $1.98.
- For the full year ended December 31, 2025, the company's net income applicable to common shares totaled $116.4 million and diluted EPS was $7.72.
- The board of directors declared a regular cash dividend of $0.55 per share, payable on March 2, 2026, to shareholders of record as of February 13, 2026.
- As of December 31, 2025, the company's balance sheet showed ending total gross loans of $5.4 billion and ending total deposits of $6.4 billion, with a net interest margin of 4.11% for the quarter.
- The company announced a definitive merger agreement with LINKBANCORP, Inc., which, if completed, would create a combined organization with approximately $11 billion in assets.
Jan 22, 2026, 9:01 PM
Burke & Herbert Financial Services Corp. Announces Q4 and Full Year 2025 Results, Declares Dividend, and Merger Agreement
BHRB
Earnings
Dividends
M&A
- Burke & Herbert Financial Services Corp. reported net income applicable to common shares of $30.0 million and diluted earnings per common share (EPS) of $1.98 for the fourth quarter ended December 31, 2025. For the full year ended December 31, 2025, net income applicable to common shares totaled $116.4 million and diluted EPS was $7.72.
- The board of directors declared a $0.55 per share regular cash dividend, payable on March 2, 2026, to shareholders of record as of February 13, 2026.
- The company maintained a strong balance sheet with an annualized return on average assets of 1.49% and an annualized return on average equity of 14.14% for Q4 2025. The net interest margin was 4.11% for the three months ended December 31, 2025.
- As of December 31, 2025, ending total gross loans were $5.4 billion and ending total deposits were $6.4 billion. The company's Common Equity Tier 1 capital to risk-weighted assets was 13.2%.
- On December 18, 2025, the company signed a definitive merger agreement with LINKBANCORP, Inc., which, if completed, will create a financial holding company with approximately $11 billion in assets.
Jan 22, 2026, 9:01 PM
Burke & Herbert Announces Q4 2025 Results and Merger with LINK
BHRB
Earnings
M&A
- Burke & Herbert Financial Services Corp. reported net income of $30.3 million and diluted earnings per share of $1.98 for Q4 2025.
- As of December 31, 2025, the company's financial position included total assets of $7.9 billion, total gross loans of $5.4 billion, and total deposits of $6.4 billion.
- Key performance indicators for Q4 2025 were a Return on Average Assets of 1.49%, Return on Average Equity of 14.14%, and a Net Interest Margin of 4.11%.
- The company maintained strong capital with a Common Equity Tier 1 Ratio of 13.2% and a Total Capital Ratio of 15.9% as of Q4 2025.
- A merger of LINK with and into Burke & Herbert was announced on December 18, 2025.
Jan 22, 2026, 9:00 PM
Burke & Herbert Financial Services Corp. Announces Acquisition of LINKBANCORP, Inc.
BHRB
M&A
New Projects/Investments
- Burke & Herbert Financial Services Corp. (BHRB) announced a definitive merger agreement to acquire LINKBANCORP, Inc. (LNKB) in an all-stock transaction valued at approximately $354 million, with an expected closing in 2Q26.
- The acquisition is projected to significantly increase BHRB's scale, leading to pro forma assets of $11.0 billion, loans of $8.0 billion, and deposits of $9.1 billion.
- This transaction will expand BHRB's market presence into central and eastern PA, and deepen its footprint across parts of the Eastern Shore of MD and DE.
- BHRB's pro forma CET1 ratio is expected to decrease to 11.4% from its 12.8% at 3Q25.
Dec 19, 2025, 9:04 PM
Burke & Herbert Financial Services Corp. Announces Merger with LINKBANCORP, Inc.
BHRB
M&A
New Projects/Investments
Guidance Update
- Burke & Herbert Financial Services Corp. (BHRB) announced an agreement to acquire LINKBANCORP, Inc. (LINK) in an all-stock transaction valued at approximately $354.2 million, or $9.38 per share of LINK common stock, based on BHRB's closing price of $69.45 as of December 17, 2025.
- The merger will create a bank holding company with pro forma total assets of approximately $11.0 billion and total deposits of approximately $9.1 billion, expanding BHRB's footprint into Pennsylvania and resulting in over 100 locations across six states.
- The transaction is expected to result in a combined earnings per share of approximately $9.18 in the first full year of combined operations, with an estimated 18% EPS accretion in 2027, and projected 1.5% ROAA and 18% ROATCE in 2027.
- The merger has been unanimously approved by both companies' boards and is anticipated to close in the second quarter of 2026, subject to regulatory and shareholder approvals.
Dec 18, 2025, 9:05 PM
Burke & Herbert Financial Services Corp. and LINKBANCORP, Inc. Announce Merger Agreement
BHRB
M&A
Takeover Bid
Board Change
- Burke & Herbert Financial Services Corp. will acquire LINKBANCORP, Inc. in an all-stock transaction valued at approximately $354.2 million, or $9.38 per share of LINK common stock, based on Burke & Herbert's closing price of $69.45 as of December 17, 2025.
- Under the terms, LINK common stockholders will receive 0.1350 shares of Burke & Herbert common stock for each share of LINK common stock, with existing Burke & Herbert shareholders expected to own approximately 75% and LINK shareholders approximately 25% of the combined company.
- The transaction is anticipated to create a bank holding company with pro forma total assets of approximately $11.0 billion and pro forma total deposits of approximately $9.1 billion, and is expected to result in a combined earnings per share of approximately $9.18 in the first full year of combined operations.
- The merger is expected to close in the second quarter of 2026, subject to regulatory and shareholder approvals.
Dec 18, 2025, 9:05 PM
Burke & Herbert Financial Services Corp. Announces Q3 2025 Results
BHRB
Earnings
- Burke & Herbert Financial Services Corp. reported net income of $30.0 million and diluted earnings per share of $1.97 for Q3 2025. The company achieved a Return on Average Assets of 1.50% and a Return on Average Equity of 14.88% for the quarter ended September 30, 2025.
- As of September 30, 2025, BHRB reported total assets of $7.9 billion, total gross loans of $5.6 billion, and total deposits of $6.4 billion.
- The company demonstrated strong capital with a Total Capital Ratio of 15.4% and a Common Equity Tier 1 Ratio of 12.7% as of Q3 2025. Additionally, Burke & Herbert redeemed $30 million of subordinated debt on September 30, 2025.
- Asset quality metrics for Q3 2025 included an NPLs / Total Loans ratio of 1.60% and an Allowance Coverage Ratio of 1.22%. The Loan to Deposit Ratio was 86.7%, and uninsured deposits represented 31.5% of total deposits.
Oct 23, 2025, 12:30 PM
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