NASDAQ$BHRB

Burke & Herbert Financial Services Corp · Q2 2026 earnings

Q2 2026 earnings · · After market close · Investor relations

Briefing

Burke & Herbert Financial Services Corp reported second quarter 2026 results following the completion of the LINKBANCORP merger on May 1, 2026.

The company reported net income applicable to common shares of $9.3 million and diluted EPS of $0.50. On an adjusted non-GAAP basis, operating net income was $37.5 million and adjusted diluted EPS was $2.03. The merger added approximately $11.0 billion in assets and over 100 branches across six states.

  • Completed merger with LINKBANCORP effective May 1, 2026, creating a $11.0 billion asset institution with over 100 branches.
  • Reported GAAP net income applicable to common shares of $9.3 million ($0.50 diluted EPS) and adjusted non-GAAP operating net income of $37.5 million ($2.03 diluted EPS).
  • Ending gross loans reached $8.0 billion and deposits $9.0 billion with a loan-to-deposit ratio of 89.2%; net interest margin was 4.15%.
  • Maintained strong capital position with CET1 ratio of 11.79%, total risk-based capital ratio of 14.48%, and leverage ratio of 11.08%.

Headline financials

Total Revenue

$107M

No prior period
EPS (adj)

$2.03

Previous: $0.85+138.8%
Annualized ROA

0.4%

No prior period
Annualized ROCE

3.5%

No prior period
Ending gross loans

$8B

No prior period
Ending total deposits

$8.97B

No prior period
Loan-to-deposit ratio

89.2%

No prior period
Net interest margin

4.2%

No prior period
Total liquidity

$6.1B

No prior period
CET1 capital ratio

11.8%

No prior period
Total risk-based capital ratio

14.5%

No prior period
Leverage ratio

11.1%

No prior period
Cost of total deposits

1.8%

No prior period
Allowance for credit losses

$94.5M

No prior period
ACL to total loans

1.2%

No prior period
Net Income

$9.26M

Previous: $29.9M-69.0%

Revenue & EPS history

Burke & Herbert Financial · Revenue · Quarterly

$107M

Q2 2026
Beat estimate in 2 of 7 quarters(29%)
ActualEstimate

Forward guidance

The company noted expected benefits from the LINKBANCORP merger integration including cost savings and synergies but provided no specific numerical forward guidance.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

-0.0%

Avg return

Earnings day

-0.2%

Avg return

5 days after

+0.0%

Avg return

30 days after

30%

11 / 37 earnings

Positive

+6.1%

Q2 2024

Best reaction

-4.6%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026
Q1 2026-0.9%+0.5%-2.6%
Q4 2025-4.1%-5.3%+1.5%
Q3 2025-0.3%-4.1%+5.9%
Q2 2025-1.1%+0.1%+2.0%
Q1 2025+2.5%+0.8%+2.0%
Q4 2024+1.1%+3.1%+1.0%
Q3 2024+1.0%+0.8%+7.7%
Q2 2024+6.1%+5.7%+4.5%
Q1 2024-0.1%-3.7%-10.1%
Q4 2021-4.6%-4.3%-3.5%
Q4 2023-4.6%-4.3%-3.5%
Q3 2022-0.0%+4.9%+22.6%
Q3 2023-0.0%+4.9%+22.6%
Q2 2022+3.9%+1.0%-6.3%
Q2 2023+2.0%+0.9%-5.9%
Q4 2022-0.6%-0.5%-22.2%
Q1 2023-0.6%-0.5%-22.2%
Q1 2022-0.6%+0.3%+3.4%
Q3 2021+0.0%-0.7%+0.2%
Q2 2021+0.0%-0.1%-0.3%
Q1 2021-1.3%-2.5%+3.8%
Q4 2020-1.1%-0.6%+4.1%
Q3 2020-0.2%-0.2%+4.1%
Q2 2020-0.3%-0.3%-3.7%
Q1 2020+3.9%-0.9%+0.4%
Q4 2019+0.5%+0.4%-1.0%
Q3 2019+0.0%-1.3%+0.2%
Q2 2019+0.6%+0.7%-9.2%
Q1 2019-1.7%-2.0%-4.3%
Q4 2018+0.0%+0.1%+0.4%
Q3 2018-0.9%-0.7%-0.3%
Q2 2018+0.0%+0.0%+0.2%
Q1 2018-0.2%+0.0%+1.3%
Q4 2017+0.0%+0.0%+4.8%
Q3 2017+0.4%+0.7%+1.3%
Q2 2017+0.0%+0.0%+1.0%
Q1 2017+0.0%+0.2%+0.7%

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