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BHRB

Burke & Herbert Bank & Trust Company

BHRB

Burke & Herbert Bank & Trust Company • NASDAQ
$65.24 ▲ 0.42% (+0.27)
Market Cap $980.46 M
52w High $71.75
52w Low $47.57
Dividend Yield 2.20%
P/E 9.02
Volume 27.75K
Outstanding Shares 15.03M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $121.594M ▼ $46.892M ▼ $29.964M ▲ 24.643% ▲ $1.98 $42.491M ▼
Q2-2025 $123.421M ▲ $47.991M ▼ $29.897M ▲ 24.224% ▲ $1.98 ▲ $42.87M ▲
Q1-2025 $119.677M ▼ $48.532M ▼ $27.201M ▲ 22.729% ▲ $1.8 ▲ $38.844M ▲
Q4-2024 $122.485M ▼ $59.311M ▲ $19.793M ▼ 16.16% ▼ $1.31 ▼ $26.331M ▼
Q3-2024 $127.502M $49.186M $27.622M 21.664% $1.83 $38.976M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $630.12M ▼ $7.889B ▼ $7.067B ▼ $822.231M ▲
Q2-2025 $1.848B ▲ $8.053B ▲ $7.273B ▲ $780.018M ▲
Q1-2025 $1.586B ▲ $7.838B ▲ $7.08B ▼ $758M ▲
Q4-2024 $467.685M ▼ $7.812B ▼ $7.082B ▼ $730.157M ▼
Q3-2024 $1.728B $7.865B $7.127B $738.059M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $29.897M ▲ $41K ▼ $-13.593M ▼ $189.852M ▲ $176.3M ▲ $-3.385M ▼
Q1-2025 $27.201M ▲ $37.647M ▼ $22.605M ▲ $-46.72M ▲ $13.532M ▲ $35.869M ▼
Q4-2024 $19.793M ▼ $76.881M ▲ $-79.096M ▼ $-154.236M ▼ $-156.451M ▼ $76.587M ▲
Q3-2024 $27.622M ▲ $21.193M ▲ $63.6M ▼ $-4.948M ▲ $79.845M ▼ $19.443M ▲
Q2-2024 $-16.919M $-45.968M $236.274M $-32.463M $157.843M $-46.988M

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
Fiduciary and Trust
Fiduciary and Trust
 $0 ▲$0 ▲$0 ▲$0 ▲
Service Other
Service Other
 $10.00M ▲$0 ▼$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown meaningfully in the most recent year after several years of only gradual expansion, helped by the larger footprint from the recent merger. However, profit margins have not improved in line with revenue; operating and net income are positive but only modestly higher than in prior years. Earnings per share, in particular, have trended down from earlier peaks, suggesting that higher costs, margin pressure, and a larger share base from corporate actions are offsetting some of the business growth. Overall, the bank is clearly profitable, but the benefit of its recent expansion is not yet fully showing up in per‑share results.

Balance Sheet

Balance Sheet The balance sheet has scaled up significantly, with total assets more than doubling recently, which is consistent with the Summit merger and regional expansion. Equity has also stepped up, so the bank now has a thicker capital cushion relative to its past, which is a positive for resilience. Borrowings have moved around over the years but do not appear to be spiraling relative to the larger asset base. Cash on hand is a small portion of total assets, which is typical for a traditional bank that mainly holds loans and securities rather than idle cash. The key risk is that rapid asset growth increases the importance of strong credit risk management and careful integration of acquired loan books.

Cash Flow

Cash Flow Cash generation from operations has been consistently positive and has generally improved over time, indicating that the core banking activities are self‑funding. Free cash flow has followed a similar pattern and remains comfortably positive, helped by relatively light spending on physical investment. For a bank, traditional cash flow statements are less telling than capital and funding metrics, but the available figures suggest no structural cash drain and no heavy dependence on ongoing capital outlays to sustain the business model.

Competitive Edge

Competitive Edge Burke & Herbert operates as a regional community‑focused bank with deep historical roots and strong local brand recognition. Its advantage lies in long‑standing customer relationships, multi‑generational trust, and a service‑heavy approach that differs from more standardized national competitors. The merger with Summit has expanded its branch network across several Mid‑Atlantic and Appalachian states, giving it more scale and cross‑selling opportunities while still keeping a community‑bank feel. At the same time, it competes in a crowded field that includes very large national banks, online banks, and fintech players, so maintaining service quality and distinctiveness as it grows will be crucial.

Innovation and R&D

Innovation and R&D The bank is actively upgrading its technology, moving from a purely traditional model toward a hybrid of high‑touch service and modern digital tools. It has rolled out revamped online and mobile banking, budgeting and financial‑tracking tools, stronger debit‑card controls, and digital wallet support. For businesses, it offers integrated invoicing, merchant services, and treasury tools that look more like what larger banks provide. Behind the scenes, it is shifting systems to the cloud and signaling interest in using artificial intelligence for customer service, fraud detection, and personalized offers. Partnerships with fintech providers and continued digital onboarding initiatives point to a bank that is trying to punch above its weight technologically, especially by community‑bank standards.

Summary

Burke & Herbert is a long‑established regional bank that has recently grown much larger through merger, with revenue rising strongly but per‑share earnings still adjusting to the new scale and cost structure. Its capital position looks stronger than in the past, and it continues to generate positive cash flow without heavy investment needs. The core franchise rests on community‑banking values, trusted local relationships, and now a broader geographic presence. At the same time, the bank is investing seriously in digital platforms and fintech partnerships to stay relevant against bigger and more digital‑native competitors. The main things to watch are how effectively it integrates its expanded operations, manages credit and funding risks in a changing rate environment, and converts its mix of tradition and technology into sustainable, per‑share earnings growth over time.

NEWS

October 23, 2025 · 4:01 PM UTC

Burke & Herbert Financial Services Corp. Announces Third Quarter 2025 Results and Declares Common Stock Dividend

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