Financial Performance - Burke & Herbert Financial Services reported quarterly earnings of $1.97 per share, exceeding the Zacks Consensus Estimate of $1.85 per share, but down from $2.04 per share a year ago, representing an earnings surprise of +6.49% [1] - The company posted revenues of $87.11 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 1.41%, compared to year-ago revenues of $69.27 million [2] Stock Performance - Burke & Herbert shares have increased approximately 4.1% since the beginning of the year, while the S&P 500 has gained 8.1% [3] - The current status of estimate revisions for Burke & Herbert translates into a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $1.93 on revenues of $87.4 million, and for the current fiscal year, it is $7.53 on revenues of $344.4 million [7] - The outlook for the Financial - Miscellaneous Services industry is favorable, ranking in the top 38% of over 250 Zacks industries, suggesting that stocks in the top 50% outperform those in the bottom 50% by more than 2 to 1 [8]

"I'm pleased with our first half 2025 results and how our balance sheet is positioned. We're successfully replacing non- strategic loans with assets that meet our relationship-based approach and maintaining ample liquidity, solid capital ratios, and adequate loss reserves. Our provision for credit losses reflects the confidence we have in our ability to manage and maintain asset quality metrics within our moderate risk appetite. We're keeping our focus on expense management while we continue to invest for t ...

ALEXANDRIA, Va., July 24, 2025 /PRNewswire/ -- Burke & Herbert Financial Services Corp. (the "Company" or "Burke & Herbert") (Nasdaq: BHRB) reported financial results for the quarter year ended June 30, 2025, and disclosed that, at its meeting on July 24, 2025, the board of directors declared a $0.55 per share regular cash dividend to be paid on September 2, 2025, to shareholders of record as of the close of business on August 15, 2025.Q2 2025 Highlights For the quarter, net income applicable to common shar ...

Burke & Herbert (NASDAQ: BHRB ) is a bank holding company that has been operating primarily in Virginia and Maryland for a very long time, in fact it was founded in 1852. As a small community bank, BHRB is deeply integrated into the citiesHi there, welcome to my profile. My name is Eugenio Catone, I live in Italy and I am 26 years old.In 2023 I graduated in Business Administration and I completed CFA level 1 in 2024. I am currently a Popular Investor on the investing platform eToro, you can see there my pub ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-41633 Burke & Herbert Financial Services Corp. (Exact name of registrant as specified in its charter) Virginia ...

1Q25 Update (Nasdaq: BHRB) April 2025 1 Cautionary Statement Regarding Forward-Looking Information This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, with respect to the beliefs, goals, intentions, and expectations of the Company regarding revenues, earnings, earnings per share, loan production, asset qual ...

Burke & Herbert Financial Services Corp. Announces First Quarter 2025 Results, Declares Common Stock Dividend, and Announces Share Repurchase Program For Immediate Release April 25, 2025 Alexandria, VA – Burke & Herbert Financial Services Corp. (the "Company" or "Burke & Herbert") (Nasdaq: BHRB) reported financial results for the quarter year ended March 31, 2025, and disclosed that, at its meeting on April 24, 2025, the board of directors declared a $0.55 per share regular cash dividend to be paid on June ...

ALEXANDRIA, Va., April 25, 2025 /PRNewswire/ -- Burke & Herbert Financial Services Corp. (the "Company" or "Burke & Herbert") (Nasdaq: BHRB) reported financial results for the quarter year ended March 31, 2025, and disclosed that, at its meeting on April 24, 2025, the board of directors declared a $0.55 per share regular cash dividend to be paid on June 2, 2025, to shareholders of record as of the close of business on May 15, 2025.In addition, the Company announced that its board of directors has authorized ...

Credit Risk and Loan Management - The company's 10 largest borrowing relationships accounted for approximately 8.8% of total loans as of December 31, 2024, indicating a concentration of credit risk [53]. - The company requires collateral for commercial loans, which may include real estate, accounts receivable, inventory, and equipment, to mitigate credit risk [55]. - The bank's commercial lines of credit are generally revolving and require close monitoring to protect against increasing loan volumes and diminishing collateral values [60]. - The company faces risks related to credit quality, particularly with loans to small to medium-sized businesses, which may be more vulnerable to economic pressures [142]. - The company may need to increase its provision for credit losses based on regulatory reviews, which could adversely affect its financial condition [146]. - The company faces increased credit risk due to a significant portion of loans being secured by real estate, which may lead to higher levels of non-performing loans during economic downturns [150]. - The company had $41.2 million in non-performing assets as of December 31, 2024, which includes non-accrual loans and loans 90 days or more past due [148]. - The company must provide for probable credit losses through a current period charge to the provision for credit losses, impacting non-interest expenses [26]. - The company is exposed to risks associated with commercial real estate lending, which may require enhanced risk management practices if deemed particularly risky by banking regulators [155]. Capital and Regulatory Compliance - The Company reported Tier 1, common equity Tier 1, and total capital to risk-weighted asset ratios of 11.96%, 11.53%, and 14.57%, respectively, as of December 31, 2024, exceeding the minimum requirements for "well capitalized" status [99]. - The Bank's capital ratios were 13.29% for Tier 1 and common equity Tier 1, and 14.41% for total capital to risk-weighted assets as of December 31, 2024, also surpassing the "well capitalized" threshold [99]. - The minimum capital ratios required by the Federal Reserve include a common equity Tier 1 ratio of 7.0%, a Tier 1 capital ratio of 8.5%, and a total risk-based capital ratio of 10.5% [98]. - The Federal Reserve requires bank holding companies to maintain a minimum leverage ratio of 4.0% [98]. - The Company must enter into an agreement with the Federal Reserve if it fails to meet capital and management requirements to maintain its financial holding company status [85]. - The Company and the Bank are regulated by the Federal Reserve and the Virginia BFI, affecting corporate practices and business operations [97]. - The Federal Reserve may impose limitations on the Company's activities if it does not return to compliance within 180 days after failing to meet capital requirements [85]. - The company is subject to various legal limitations on dividend payments, which may be restricted by regulatory agencies based on capital requirements [93]. - The company may face increased regulatory scrutiny if total assets exceed $10 billion, leading to additional compliance costs [203]. Investment and Asset Management - The bank's investment policy allows for investments in U.S. government debt securities, mortgage-backed securities, and investment-grade state and municipal obligations [66]. - The company actively monitors its investment portfolio to identify material changes and reviews available-for-sale securities for credit loss allowances at least quarterly [70]. - As of December 31, 2024, the allowance for credit losses was $68.0 million, representing 1.20% of total gross loans [144]. - The company has three statutory business trusts with subordinated debentures totaling approximately $19.6 million as of December 31, 2024 [225]. - Payments on junior subordinated debentures must be made before any dividends can be paid on common stock, affecting the priority of common stockholders [226]. Employee and Operational Management - As of December 31, 2024, the company employed 815 full-time equivalent employees, emphasizing a diverse workforce as a competitive advantage [74]. - The company emphasizes employee wellness and safety, offering a comprehensive benefits package and policies supporting remote work and educational assistance [78]. - The company relies on its management team and key employees for continued growth, with potential adverse effects if key personnel are lost [177]. - The company may incur significant costs to attract and retain qualified employees in a competitive market [178]. - The company faces operational risks related to its technological infrastructure, including potential cyber-attacks and system failures [186]. - The company is under continuous threat of cyber-attacks, which could result in reputational damage and operational disruptions [192]. - The company relies on third parties for key components of its business infrastructure, and any failure could disrupt operations [193]. Market and Economic Risks - The Company operates in a highly competitive market, which may impact its profitability and ability to execute its strategy [138]. - The Federal Reserve's monetary policies have historically affected the Company's operating results and are expected to continue doing so in the future [130]. - Economic and consumer trends, including global events and market volatility, could adversely impact the company's financial performance [200]. - The company is exposed to risks associated with climate change, which could affect its financial performance and operational stability [140]. - The company is subject to physical and financial risks associated with climate change, which could affect the value of real estate collateral and increase delinquency rates [185]. Interest Rate Risk Management - The company actively monitors and manages its interest rate risk exposure, reporting findings to the ALCO and the Board at least quarterly [395]. - The company's primary objective in managing interest rate risk is to minimize adverse impacts on net interest income and capital while maximizing yield-cost spread [396]. - Interest rate risk arises from timing differences in repricing and maturities of interest-earning assets and interest-bearing liabilities, as well as changes in the yield curve [398]. - The company uses interest rate sensitivity analysis, market value of portfolio equity analysis, and interest rate simulations to manage interest rate risk [403]. - As of December 31, 2024, a 200 basis point increase in interest rates is projected to decrease earnings by 2.1% [407]. - The economic value of equity analysis indicates that a 200 basis point increase in interest rates would decrease EVE by 8.7% as of December 31, 2024 [408]. - The ALCO is responsible for managing the company's interest rate sensitivity position, ensuring compliance with established limits [403]. - The company may hedge its interest rate risk position, but does not guarantee the success of these hedging attempts [400]. Compliance and Legal Risks - The Bank is subject to several federal laws designed to combat money laundering, including the BSA and the USA PATRIOT Act, requiring it to have policies and procedures to detect and report suspicious activities [118][119]. - The Bank actively checks high-risk OFAC areas, such as new accounts and wire transfers, to ensure compliance with regulations against transactions with designated individuals and organizations [120]. - The Company is subject to various legislative and regulatory initiatives that could significantly impact its operating environment and financial condition [129]. - Noncompliance with anti-money laundering regulations could result in significant penalties and reputational damage [210]. - The company must comply with privacy laws regarding the protection of personal information, with potential legal repercussions for violations [211]. Strategic Growth and Acquisitions - The company's strategy focuses on organic growth supplemented by select acquisitions, with success dependent on generating loans and deposits of acceptable risk and expense [170]. - Risks associated with acquisitions include the time and expense of identifying targets, exposure to unknown liabilities, and integration challenges [172]. - The company may issue additional equity securities, which could dilute existing shareholders and adversely affect the market price of its common stock [223]. - The company is classified as an "emerging growth company," allowing it to take advantage of reduced disclosure requirements, which may affect the attractiveness of its common stock to investors [219]. - The company faces evolving scrutiny regarding Environmental, Social, and Governance (ESG) practices, which may impose additional costs and risks [217].

Core Points - Burke & Herbert Financial Services Corp. appointed Robert V. "Cedar" Hintelmann, Jr. as Executive Vice President and Chief Credit Officer, effective March 17, 2025 [1] - Hintelmann has over 25 years of credit experience in the financial services industry and previously served as Executive Vice President and Deputy Credit Officer for a super-regional bank [1] - His responsibilities will include overseeing credit policy and managing credit risk for the Company's loan portfolio [1] Company Overview - Burke & Herbert Financial Services Corp. is the financial holding company for Burke & Herbert Bank & Trust Company, the oldest continuously operating bank under its original name in the greater Washington, D.C. metropolitan area [2] - The bank operates over 75 branches across Delaware, Kentucky, Maryland, Virginia, and West Virginia, offering a full range of business and personal financial solutions [2] - The Company aims to expand its loan portfolio and execute growth plans, with Hintelmann's experience expected to be integral to these efforts [2]