Burke Herbert Financial Services Corp (BHRB)

In the past six months, Burke & Herbert Financial Services Corp. completed a transformative merger with Summit Financial Group, Inc. on May 3, 2024, and fully integrated its systems with Summit Financial Group in November 2024. In December 2025, the company announced a definitive merger agreement to acquire LINKBANCORP, Inc. in an all-stock deal valued at approximately $354 million. The company's stock price saw an increase of 2.99% between January 2, 2025, and December 31, 2025. Insider activity has shown more buying than selling in the past three months, with insiders purchasing $61,000.00 in company stock. Burke & Herbert Financial Services also declared a quarterly dividend of $0.55 per share. The company reported Q3 2025 net income of $29.7 million, or $1.97 per share, which beat earnings estimates but lagged Q3 2024 results.

While specific seasonality for Burke & Herbert Financial Services Corp.'s products and services is not explicitly detailed, the banking industry generally experiences seasonal trends in demand for loans and investment services. Demand for loans typically increases in March, peaks in August or September, and then drops, bottoming out in December. Demand for investment services tends to increase in December and the first part of January due to portfolio rebalancing and tax planning.

Burke & Herbert Financial Services Corp. operates as 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. The company offers a comprehensive suite of business and personal financial solutions, including deposit accounts, commercial and industrial loans, residential mortgage loans, and wealth and trust services.

Burke & Herbert Financial Services Corp. operates over 75 branches across Delaware, Kentucky, Maryland, Virginia, and West Virginia, with a significant presence in Northern Virginia and the greater Washington, D.C. metropolitan area. In 2024, the company expanded its presence by opening its first branch in Richmond, Virginia, and establishing a permanent market center in Bethesda, Maryland.

Burke & Herbert Financial Services Corp. maintains a strong brand reputation due to its long history as the oldest continuously operating bank under its original name in the greater Washington, D.C. metropolitan area. The merger with Summit Financial Group, Inc. in May 2024 expanded its reach and reinforced its relationship-based banking approach. Furthermore, in 2024, the company launched The Burke & Herbert Bank Foundation, funded with a $5 million contribution, demonstrating its commitment to the communities it serves.

Institutional owners hold 32.3% of the company's shares, while individuals hold 11.47%. Major institutional shareholders include BlackRock, Inc., Vanguard Group Inc, State Street Corp, Geode Capital Management, Llc, IWM - iShares Russell 2000 ETF, and Dimensional Fund Advisors Lp.