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Burke & Herbert Financial Services Corp.

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
$1.00B
P/E (TTM)
9.4
14.6
Dividend Yield
3.3%
52W High
$71.75
52W Low
$47.57
52W Range
79%
Rank41Top 33.6%
4.4
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.4 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$121.59M-4.63%
4-Quarter Trend

EPS

$1.98+8.20%
4-Quarter Trend

FCF

$35.43M+82.22%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Nine Months Income Soars Net income applicable to common shares reached $86.4M, driven by full nine months combined results post-Summit Merger integration.
Tax-Adjusted NIM Rises Tax-adjusted NIM improved to 4.13% for nine months, benefiting from higher asset yields and lower funding costs compared to 2024.
Strong Capital Ratios Maintained CET1 ratio increased to 12.79% and Total Capital ratio reached 15.44% as of September 30, 2025, well above regulatory minimums.
Loan Portfolio Streamlined Net loans decreased $112.3M from year-end 2024, reflecting active exiting of loans not aligning with desired risk profile.

Risk Factors

Non-Performing Loans Rising Non-accrual loans increased significantly to $85.5M, though ACL coverage ratio remained stable at 1.22% year-over-year.
Brokered Deposits Decline Total deposits fell $103.2M, driven by a $120.4M decrease in brokered time deposits, increasing reliance on borrowings.
CRE Sector Exposure High CRE exposure remains high at $2.8B, representing 50.4% of gross loans, facing ongoing risks from office market struggles.
Interest Rate Sensitivity Exposure Simulations show potential earnings contraction under rate hikes, requiring active management of asset/liability structure.

Outlook

Loan Portfolio Refinement Continues Management plans continued loan portfolio pruning to exit assets not aligning with the Company's desired risk profile.
Maintain Strong Capital Levels Focus remains on prudent liquidity and capital management to meet evolving regulatory standards and support continued growth.
Efficiency Gains Expected Non-interest expense decreased 5.4% in Q3 2025, reflecting realized post-merger operating efficiency gains.
Increased Administrative Expenses Future compliance investments will increase administrative expenses, impacting overall operating cost structure going forward.

Peer Comparison

Revenue (TTM)

Texas Capital Bancshares, Inc.TCBI
$1.96B
+14.3%
Merchants BancorpMBIN
$1.39B
-1.8%
Dime Community Bancshares, Inc.DCOM
$670.02M
-1.8%

Gross Margin (Latest Quarter)

Burke & Herbert Financial Services Corp.BHRB
69.0%
+4.7pp
Amalgamated Financial Corp.AMAL
67.5%
-3.6pp
Texas Capital Bancshares, Inc.TCBI
62.4%
+28.2pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
TCBI$4.26B14.88.3%2.8%
MBIN$1.58B6.411.2%15.0%
DCOM$1.30B21.94.1%5.7%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-0.2%
Flat Growth
4Q Net Income CAGR
14.8%
Profitability Improving
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Jan 23, 2026
|
EPS:$1.91
|
Revenue:$80.72M
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 7, 2025|
    Revenue: $121.59M-4.6%
    |
    EPS: $1.98+8.2%
    Beat

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 8, 2025|
    Revenue: $123.42M+18.1%
    |
    EPS: $1.98-240.4%
    Beat

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 9, 2025|
    Revenue: $119.68M+181.9%
    |
    EPS: $1.80+157.1%
    Meet

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 17, 2025|
    Revenue: $396.93M+144.6%
    |
    EPS: $2.34-23.3%
    Beat

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 13, 2024|
    Revenue: $127.50M+210.3%
    |
    EPS: $1.83+232.7%
    Beat

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 13, 2024|
    Revenue: $104.49M+153.3%
    |
    EPS: $-1.41-274.1%
    Miss

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 10, 2024|
    Revenue: $42.45M+11.4%
    |
    EPS: $0.70-30.7%
    N/A

  • Form 10-K/A - FY 2023

    Period End: Dec 31, 2023|Filed: Apr 12, 2024|
    Revenue: $162.28M+27.3%
    |
    EPS: $3.05-48.6%
    Beat