Burke & Herbert Financial Services Corp.

NASDAQ•BHRB

CEO: Mr. David P. Boyle CPA

Sector: Financial Services

Industry: Banks - Regional

Listing Date: 2003-10-07

Burke & Herbert Financial Services Corp. operates as the bank holding company for Burke & Herbert Bank & Trust Company that provides various community banking products and services in Virginia and Maryland. It offers consumer and commercial deposit products, such as digital banking, demand, negotiable order of withdrawal, money market, and savings accounts, as well as certificates of deposit. The company also provides loans, such as commercial real estate, single family residential, owner-occupied commercial real estate, residential mortgage, acquisition, construction and development, commercial and industrial, and consumer non-real estate and other loans. In addition, it offers treasury and cash management services; and online and mobile banking, and wealth and trust services. The company was founded in 1852 and is headquartered in Alexandria, Virginia.

Contact Information

100 S. Fairfax Street, Alexandria, VA, 22314, United States

703-666-3555

www.burkeandherbertbank.com

Market Cap

$942.92M

P/E (TTM)

8.1

23.4

Dividend Yield

3.5%

52W High

$70.90

52W Low

$54.45

52W Range

51%

Rank45Top 56.8%

3.6

F-Score

Modified Piotroski Analysis

Based on 10-year fundamentals

Weak • 3.6 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2016-2025

Financial Dashboard

Q1 2026 Data

Revenue

$118.31M+0.00%

4-Quarter Trend

EPS

$1.80+0.00%

4-Quarter Trend

FCF

$24.63M+0.00%

4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Net Income Jumps 232% Consolidated net income applicable to common shares reached $116.4M in 2025, up 232.3% from $35.0M in 2024.

Strong Net Interest Margin Growth Tax-adjusted NIM improved significantly to 4.14% in 2025, driven by higher yields on loans and securities portfolios.

Provision Expense Normalized Provision for credit losses was only $1.5M in 2025, down sharply from $24.2M in 2024 due to the one-time CECL impact.

Capital Ratios Remain Strong CET1 ratio improved to 13.45% as of year-end 2025, well exceeding minimum regulatory requirements for capital strength.

Risk Factors

Asset Quality Deterioration Noted NPL ratio increased to 1.38% in 2025 from 0.68% in 2024, signaling potential future credit stress requiring higher provisioning.

LNKB Merger Integration Risks Substantial integration costs estimated at approximately $52.1M; failure to realize expected synergies could negatively impact performance.

Commercial Real Estate Concentration CRE loans represent 51.4% of the gross loan portfolio, increasing regulatory scrutiny and potential loss concentration risk.

Interest Rate Sensitivity Exposure Management monitors interest rate risk; changes in rates or yield curve shape could negatively affect net interest income and EVE.

Outlook

Focus on Post-Merger Growth Strategy centers on growing business relationships, building core deposits, and originating profitable loans following the LNKB merger.

Favorable Market Area Outlook Primary market area (Washington D.C. MSA) shows strong population and economic growth, supporting long-term expansion opportunities.

Increased Regulatory Scrutiny Expected Assets exceeding $10B post-LNKB merger will subject the company to direct CFPB examination and enhanced compliance costs.

Peer Comparison

Revenue (TTM)

TCBI

$2.02B

+13.6%

MBIN

$1.37B

-2.4%

DCOM

$743.62M

+15.1%

Gross Margin (Latest Quarter)

OSBC

76.0%

+3.3pp

TMP

71.8%

+0.0pp

BHRB

71.6%

+5.4pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
TCBI	$4.34B	12.5	9.9%	2.6%
MBIN	$2.11B	9.3	10.1%	23.6%
DCOM	$1.63B	12.8	8.5%	4.7%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

-1.4%

Flat Growth

4Q Net Income CAGR

-2.9%

Stable Profitability

Cash Flow Stability

100%

Strong Cash Flow

Deep Research

Next earnings:Jul 23, 2026

EPS:$1.94

Revenue:$112.86M

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data