Earnings summaries and quarterly performance for Burke & Herbert Financial Services.
Executive leadership at Burke & Herbert Financial Services.
David Boyle
Detailed
Chief Executive Officer
CEO
Angela Zirk
Detailed
Chief Experience Officer
Bradford Ritchie
Detailed
Chief Lending Officer
Charles Maddy
Detailed
President
Danyl Freeman
Detailed
Chief Human Resources Officer
Jennifer Schmidt
Detailed
Chief Risk Officer
Joseph Hager
Detailed
Chief Operating Officer
Julie Markwood
Detailed
Senior Vice President
Kirtan Parikh
Detailed
Senior Vice President and Director of Strategy
Lauren Kimlel
Detailed
Executive Vice President, Branch Banking
Patrick Huffman
Detailed
Chief Accounting Officer
Robert Hintelmann Jr.
Detailed
Chief Credit Officer
Robert Tissue
Detailed
Executive Vice President, Financial Strategy
Roy Halyama
Detailed
Chief Financial Officer
Shannon Rowan
Detailed
Executive Vice President, Wealth Services
Board of directors at Burke & Herbert Financial Services.
Charles Piccirillo
Detailed
Director
Gary Hinkle
Detailed
Director
Georgette George
Detailed
Director
James Burke
Detailed
Director
James Geary II
Detailed
Director
Jill Upson
Detailed
Director
Jose Riojas
Detailed
Director
Julian Barnwell
Detailed
Director
Katherine Bonnafé
Detailed
Director
Laing Hinson
Detailed
Vice Chair and Director
Mark Anderson
Detailed
Director
Oscar Bean
Detailed
Vice Chair and Director
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 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.
10 hours ago
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.
1 day ago
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.
1 day ago
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
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more