Burke & Herbert Financial Services
Runs a multi-state community bank for deposits, lending, treasury, and wealth services.
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Profile
Operates Burke & Herbert Bank, a community-banking franchise serving businesses, nonprofits, and individuals with deposits, loans, treasury services, digital banking, and wealth management across a multi-state branch footprint. The model depends on local deposit gathering, credit underwriting, interest-rate management, and integration of recent bank mergers.
Owns Burke & Herbert Bank & Trust Company, a Virginia-chartered commercial bank with roots in Alexandria dating to 1852. Products center on checking, savings, money-market accounts, certificates of deposit, commercial and industrial lending, commercial real estate, residential mortgages, treasury services, digital banking, and wealth and trust services.
Serves small and medium-sized businesses, owners and employees, professional corporations, nonprofits, and individuals across Delaware, Kentucky, Maryland, Pennsylvania, Virginia, and West Virginia. Recent Summit and LINKBANK mergers turned a long local franchise into a broader multi-state branch network with nearly 100 branches.
Runs one reportable segment, Community Banking, and is regulated by the Federal Reserve and the Virginia Bureau of Financial Institutions. Local deposit gathering, credit underwriting, interest-rate management, and merger integration shape the business.
Company facts
Categories
Key statistics
Year to date +16.1% · Average volume (30d) 114.4K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 27, 2026 | D.A. Davidson | Target | $76 | $75 | ||
| May 15, 2026 | Freedom Broker | Upgrade | Hold | Buy | ||
| Feb 25, 2026 | Loop Capital Markets | Target | $74 | |||
| Feb 25, 2026 | Freedom Broker | Downgrade | Buy | Hold | ||
| Oct 9, 2025 | Summit Redstone Partners | Target | $71 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 23, 2026Q2 FY26 | $1.98 | $2.03 | +2.5% | $112.9M | $106.9M | −5.3% | −0.42% |
| Apr 23, 2026Q1 FY26 | $1.87 | $1.87 | 0.0% | $86.5M | $84.7M | −2.1% | −0.84% |
| Jan 22, 2026Q4 FY25 | $1.91 | $1.98 | +3.7% | $86.6M | $86.6M | −0.1% | −4.41% |
| Oct 23, 2025Q3 FY25 | $1.82 | $1.97 | +8.2% | $86.3M | $84.2M | −2.5% | +1.18% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $119.7M | $123.4M | $121.6M | $122.8M | $118.3M | $80.6M | |
| Gross profit | $81.4M | $85.2M | $83.9M | $86.4M | $84.7M | $47.0M | |
| Operating income | $32.8M | $37.2M | $37.0M | $37.9M | $33.3M | $12.0M | |
| Net income | $27.2M | $29.9M | $30.0M | $30.3M | $27.3M | $9.5M | |
| Diluted EPS | $1.80 | $1.97 | $1.97 | $2.00 | $1.79 | $0.50 | |
| Gross margin | 68.0% | 69.0% | 69.0% | 70.4% | 71.6% | 58.3% | |
| Operating margin | 27.4% | 30.1% | 30.4% | 30.9% | 28.1% | 14.9% |
Fiscal years (4-quarter sums)FY21 $118.1M · FY22 $129.7M · FY23 $162.7M · FY24 $396.9M · FY25 $487.5M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $2.08B · Total debt $677.2M · Total assets $10.99B · Shareholders' equity $1.20B
Dividends
Raised for 9 straight years — most recently to $0.55 from $0.53 in Nov 2024. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 14, 2026 | Aug 14 | Sep 1 | $0.55 | |
| May 15, 2026 | May 15 | Jun 1 | $0.55 | |
| Feb 13, 2026 | Feb 13 | Mar 2 | $0.55 | |
| Nov 14, 2025 | Nov 14 | Dec 1 | $0.55 | |
| Aug 15, 2025 | Aug 15 | Sep 2 | $0.55 | |
| May 15, 2025 | May 15 | Jun 2 | $0.55 | |
| Feb 14, 2025 | Feb 14 | Mar 3 | $0.55 | |
| Nov 15, 2024 | Nov 15 | Dec 2 | $0.55 | raised from $0.53 |
Ownership
Shares outstanding 20.15M · Float 17.06M · 84.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 1.22M | 6.05% | 13F | Aug 7, 2026 |
| Kenneth R. Lehman | 1.18M | 5.85% | 13G | May 4, 2026 |
| Vanguard Capital Management LLC | 750.1K | 3.72% | 13F | Aug 13, 2026 |
| State Street Corp | 557.5K | 2.77% | 13F | Aug 7, 2026 |
| American Century Companies Inc | 489.2K | 2.43% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 20, 2026 | David Wilson | director | +35 | $70.57 |
| Aug 14, 2026 | James P. II Geary | director | −3,150 | $72.83 |
| Aug 3, 2026 | James P. II Geary | director | −3,150 | $73.93 |
| Aug 12, 2026 | Diane Poillon | director | +1,200 | $73.67 |
| Aug 11, 2026 | James Mason Burke | director | −1,500 | $73.03 |
Peers
- Atlantic Union Bankshares
Scaled lower Mid-Atlantic bank across VA, MD, NC, and DC
- United Bankshares
Large community-bank peer across DC, VA, WV, MD, and PA
- F.N.B.
Larger regional bank across PA, MD, DC, VA, and WV
- Eagle Bancorp
Bethesda community bank focused on DMV commercial lending
- WSFS Bank
Delaware Valley bank with commercial, mortgage, and wealth lines
- Orrstown Financial Services
PA/MD community bank with commercial lending and wealth advisory
- Shore Bancshares
Eastern Shore bank spanning MD, DE, and VA with trust services
- MainStreet Bancshares
Fairfax business bank for DC-area commercial clients
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Burke & Herbert Financial Services | $71.71 | 0.00% | $1.44B | 11.5 | 8.5 | 3.3 | +24.6% |
| Atlantic Union Bankshares | $40.66 | +0.02% | $5.77B | 12.1 | 10.5 | 2.6 | −3.5% |
| United Bankshares | $47.60 | +0.01% | $6.56B | 13.0 | 12.7 | 3.6 | +6.0% |
| F.N.B. | $18.41 | −0.05% | $6.55B | 11.0 | 10.3 | 2.4 | +5.6% |
| Eagle Bancorp | $27.57 | −0.07% | $840.8M | — | 14.8 | 1.4 | −1.5% |
| WSFS Bank | $78.30 | +0.03% | $4.08B | 13.1 | 11.9 | 3.0 | +5.6% |
| Orrstown Financial Services | $41.96 | −0.19% | $824.4M | 9.1 | 9.7 | 2.3 | +1.4% |
| Shore Bancshares | $23.14 | −0.04% | $774.2M | 11.7 | 10.5 | 2.2 | +9.2% |
| MainStreet Bancshares | $25.15 | +0.16% | $179.0M | 12.4 | 10.8 | 1.4 | −2.8% |
| Median | 12.1 | 10.7 | 2.4 | +3.5% |