Burke & Herbert Stock Price, News & Analysis

Burke & Herbert Financial Services (Nasdaq: BHRB) will acquire LINKBANCORP (Nasdaq: LNKB) in an all-stock transaction valued at approximately $354.2 million (about $9.38 per LINK share) announced Dec 18, 2025.

The deal uses an exchange ratio of 0.1350 shares of Burke & Herbert for each LINK share, creating a combined bank holding company with pro forma $11.0 billion in assets and $9.1 billion in deposits and more than 100 locations across six states.

Burke & Herbert shareholders are expected to own ~75% of the combined company, LINK shareholders ~25%, and the transaction targets combined EPS of ~$9.18 in the first full year assuming cost savings. Closing is expected in Q2 2026, subject to regulatory and shareholder approvals.

Burke & Herbert Financial Services (Nasdaq: BHRB) reported Q3 2025 results and declared a common stock dividend of $0.55 per share payable Dec 1, 2025 to holders of record Nov 14, 2025. For the quarter ended Sept 30, 2025, net income applicable to common shares was $29.7 million and diluted EPS was $1.97.

Key balance-sheet and operating metrics: ending gross loans $5.6B, ending deposits $6.4B (loan-to-deposit 86.7%), net interest margin (non-GAAP) 4.08%, total liquidity $4.3B, allowance for credit losses $67.6M (1.2% of loans), and Common Equity Tier 1 ratio 12.7%.

Burke & Herbert Financial Services Corp. (NASDAQ: BHRB) reported strong Q2 2025 financial results with net income of $29.7 million and diluted EPS of $1.97, up from $27.0 million and $1.80 EPS in Q1 2025. The company declared a $0.55 per share dividend payable on September 2, 2025.

Key metrics include a 4.17% net interest margin, total gross loans of $5.6 billion, and deposits of $6.4 billion. The company maintains strong capital ratios with 12.2% Common Equity Tier 1 and 15.3% Total risk-based capital. Asset quality remains solid with adequate reserves, and total liquidity stands at $4.4 billion.

The company is executing its strategic plan, replacing non-strategic loans with relationship-based assets while expanding into new markets including Bethesda, Maryland, and Fredericksburg and Richmond, Virginia.

Burke & Herbert Financial Services Corp. (NASDAQ: BHRB) has announced strategic additions to its commercial banking and treasury management teams. The company has made three key appointments: Daniel Kroll as SVP and Commercial Banking Executive for Commercial Real Estate, Amar Grover as VP and Portfolio Manager Team Lead - both joining the Bethesda, Maryland office - and Clark A. Snow as SVP Treasury Management Consultant and Sales Team Lead.

The new hires bring significant experience to Burke & Herbert, with Kroll having over 12 years in banking, Grover bringing 15 years of diverse experience, and Snow contributing nearly 30 years of treasury expertise. These appointments align with the company's strategic goals and commitment to enhancing client services.

Burke & Herbert Financial Services Corp. (BHRB) has reported strong Q1 2025 financial results, with net income of $27.0 million and diluted EPS of $1.80, up from Q4 2024's $19.6 million and $1.30 respectively. The company announced a $0.55 per share dividend payable June 2, 2025, and authorized a $50.0 million share repurchase program.

Key metrics include total gross loans of $5.6 billion, total deposits of $6.5 billion, and a loan-to-deposit ratio of 86.3%. The net interest margin improved to 4.18%, while total liquidity stood at $4.2 billion. The company maintains strong capital ratios with Common Equity Tier 1 at 11.7% and a leverage ratio of 10.1%.

The bank's asset quality remains stable with adequate reserves, and the allowance for credit losses was $67.8 million, representing 1.2% of total loans. Non-interest expense decreased to $49.7 million in Q1 2025, reflecting cost savings following the merger-related conversion.

Burke & Herbert Financial Services (Nasdaq: BHRB) has appointed Patrick 'Kip' Huffman, CPA, as Senior Vice President and Chief Accounting Officer. Huffman joins with nearly 20 years of accounting and finance experience, previously serving as Senior Vice President and Chief Accounting Officer at a Mid-Atlantic region community bank.

In his new role, Huffman will oversee the company's entire accounting operations, including policy management, financial and regulatory reporting, and risk control execution.

Burke & Herbert Financial Services (Nasdaq: BHRB) has announced the appointment of Robert V. 'Cedar' Hintelmann, Jr. as Executive Vice President and Chief Credit Officer, effective March 17, 2025. Hintelmann brings over 25 years of credit experience and previously served as Executive Vice President and Deputy Credit Officer at a super-regional bank in the Mid-Atlantic region.

In his new role, Hintelmann will oversee credit policy and manage credit risk for the company's loan portfolio. Company Chair and CEO David P. Boyle expressed enthusiasm about the appointment, highlighting Hintelmann's extensive experience in credit policy and risk management as integral to the company's plans for loan portfolio expansion and growth.

Burke & Herbert Financial Services Corp. (BHRB) has reported its Q4 and full-year 2024 results, declaring a $0.55 per share cash dividend payable on March 3, 2025. The company achieved Q4 net income of $19.6 million ($1.30 per diluted share), with adjusted operating net income of $26.6 million ($1.77 per diluted share).

The full-year 2024 results showed net income of $35.0 million ($2.82 per diluted share), with adjusted operating net income of $87.2 million ($7.01 per diluted share). The company maintains strong liquidity of $4.2 billion and reported total gross loans of $5.7 billion with total deposits of $6.5 billion.

Key financial metrics include an 11.5% Common Equity Tier 1 capital ratio, 14.6% Total risk-based capital ratio, and a 9.8% leverage ratio. The company completed its merger with Summit Financial Group in May 2024 and became a Federal Reserve System member on December 31, 2024.

Burke & Herbert Financial Services Corp. (BHRB) reported Q3 2024 financial results, showcasing strong performance following its merger with Summit. The company achieved net income of $27.4 million, or $1.82 per diluted share, with adjusted earnings of $29.8 million ($1.98 per share). Key metrics include net interest income of $73.2 million, total gross loans of $5.6 billion, and total deposits of $6.6 billion. The board approved a dividend increase of 3.8% to $0.55 per share. The company maintains strong capital ratios with Common Equity Tier 1 at 11.3% and Total risk-based capital at 14.3%.