Burke & Herbert Financial Services Corp.
- Open
- 71.92
- Day high
- 73.28
- Day low
- 71.92
- Prev close
- 71.86
- Volume
- 155K
- Mkt cap
- $1.5B
- P/E (TTM)
- 9.4
- EPS (TTM)
- $7.75
- P/B
- 1.7
- P/S
- 3.0
- Yield
- 3.02%
- Per share
- $2.20
- ▲Insiders net buying $768K over the last 3 months (6 open-market buys, 1 sale)
- ◆Cluster buying — multiple insiders bought within days
- 🏛Institutions mixed (13F)
Burke & Herbert Financial Services Corp. (BHRB) is a Financial Services company listed on NASDAQ. The stock is up 17% over the past year. Over the trailing 3 months, insiders filed 6 open-market buys and 1 sale (SEC Form 4).
Burke & Herbert Financial Services Corp. (BHRB) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
BHRB earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 23, 2026 | $1.87 | $1.87 | +0.0% | $85M | -2.1% |
| Jan 22, 2026 | $1.91 | $1.98 | +3.7% | $123M | +41.1% |
| Oct 23, 2025 | $1.88 | $1.97 | +4.8% | $122M | +40.9% |
| Jul 24, 2025 | $1.85 | $1.97 | +6.5% | $123M | +40.4% |
| Apr 25, 2025 | $1.78 | $1.80 | +1.1% | $120M | +39.1% |
| Jan 24, 2025 | $1.77 | $1.77 | +0.0% | $80M | -5.2% |
| Oct 25, 2024 | $1.75 | $1.98 | +13.1% | $82M | -1.7% |
| Jul 26, 2024 | $1.27 | $2.04 | +60.6% | $68M | +9.3% |
| Apr 26, 2024 | — | $0.69 | — | $26M | — |
| Jan 26, 2024 | — | $0.67 | — | $26M | — |
| Oct 27, 2023 | — | $0.54 | — | $27M | — |
| Jul 28, 2023 | — | $0.80 | — | $28M | — |
BHRB insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 30, 2026 | MADDY H CHARLES IIIdirector, officer: President | Option | 14,823 | $52.29 |
| Jun 30, 2026 | MADDY H CHARLES IIIdirector, officer: President | Option | 7,901 | $51.58 |
| Jun 30, 2026 | MADDY H CHARLES IIIdirector, officer: President | Tax | 18,354 | $71.44 |
| Jun 29, 2026 | MADDY H CHARLES IIIdirector, officer: President | Tax | 12,380 | $69.29 |
| Jun 29, 2026 | MADDY H CHARLES IIIdirector, officer: President | Option | 15,934 | $47.47 |
| Jun 22, 2026 | Barnwell Julian Forrest Jr.director | Grant | 1,000 | — |
| Jun 22, 2026 | Poillon Dianedirector | Grant | 1,000 | — |
| Jun 22, 2026 | Riojas Jose Daviddirector | Grant | 1,000 | — |
| Jun 22, 2026 | Hinson Samuel Laing IIIdirector | Grant | 1,000 | — |
| Jun 22, 2026 | McLaughlin Shawn Patrickdirector | Grant | 1,000 | — |
| Jun 22, 2026 | Anderson Mark Guthriedirector | Grant | 1,000 | — |
| Jun 22, 2026 | Burke James Masondirector | Grant | 1,000 | — |
| Jun 22, 2026 | PICCIRILLO CHARLESdirector | Grant | 1,000 | — |
| Jun 22, 2026 | WILSON DAVIDdirector | Grant | 1,000 | — |
| Jun 22, 2026 | Snyder Kristendirector | Grant | 1,000 | — |
Source: BHRB SEC Form 4 filings, latest Jun 30, 2026. For informational purposes only — not investment advice.
See the full BHRB insider & 13F page →Burke & Herbert Financial Services Corp. company profile
Overview
Burke & Herbert Bank & Trust Company (NASDAQ:BHRB) is a regional community bank founded in 1852 and headquartered in Alexandria, Virginia. With over 170 years of history, the bank has established itself as a trusted financial institution serving the Northern Virginia market through approximately 20 branches. The company went public in 2003 and continues to focus on providing traditional banking services alongside wealth management offerings to individuals and businesses in its local market area.
Business
Burke & Herbert operates as a regional community bank in the traditional banking industry, which involves accepting deposits from customers and lending those funds to borrowers while earning interest on the spread between what they pay depositors and what they charge borrowers. Community banks like Burke & Herbert typically focus on serving local markets with personalized service, in contrast to large national banks. The company operates through two main business segments. The banking segment represents the core business and generates the majority of revenue through traditional deposit-taking and lending activities. This includes offering checking accounts, savings accounts, money market accounts, certificates of deposit, and individual retirement accounts to capture customer deposits. On the lending side, the bank provides mortgage loans for home purchases, consumer loans for personal needs, commercial real estate loans for business properties, small business loans, home equity lines of credit, and specialized financing for medical and dental practices. The wealth management segment provides complementary financial services including retirement planning, estate planning, asset management, and insurance services. This segment targets higher-net-worth individuals and families seeking comprehensive financial planning beyond basic banking services. The bank also offers various convenience services such as debit cards, credit cards, gift cards, safe deposit boxes, online banking, mobile banking, wire transfers, and merchant services to enhance customer relationships and generate fee income.
Revenue model
Burke & Herbert generates revenue primarily through net interest income, which is the difference between interest earned on loans and investments and interest paid on deposits and borrowed funds. This is the fundamental business model for all banks - they act as financial intermediaries, paying depositors a lower rate while charging borrowers a higher rate, profiting from the spread. The bank's paying customers include individual consumers seeking personal banking services, small and medium-sized businesses requiring commercial banking solutions, and affluent clients utilizing wealth management services. Fee-based income supplements interest income through charges for services like account maintenance, overdrafts, wire transfers, and wealth management advisory fees. Several factors significantly impact the bank's profitability margins. Interest rate environment is the most critical factor - when rates rise, the bank can potentially earn more on new loans while deposit costs may increase more slowly, expanding net interest margins. Conversely, falling rates can compress margins if loan yields decline faster than deposit costs. Credit quality directly affects profitability through loan loss provisions - economic downturns or local market stress can increase defaults, requiring higher reserves that reduce earnings. Competition from other banks and non-bank lenders can pressure both deposit rates (increasing funding costs) and loan rates (reducing yield), squeezing margins from both sides. The bank's asset-liability management also matters significantly, as mismatches between the duration of assets and liabilities can create interest rate risk that impacts earnings when rates change.
Competitive moat
Burke & Herbert's competitive moat is relatively modest, typical of smaller regional banks. The company's primary defensive characteristics stem from its long-established relationships in Northern Virginia, where it has operated for over 170 years, creating some customer loyalty and local market knowledge advantages. Community banks often benefit from more personalized service and faster decision-making compared to large national banks, which can be valuable for local businesses and individuals seeking customized solutions. However, the banking industry faces significant competitive pressures that limit moat strength. Large national banks possess substantial advantages in technology investment, operational scale, and product breadth that smaller institutions struggle to match. Online banks can offer higher deposit rates due to lower overhead costs, potentially attracting rate-sensitive customers. Fintech companies are increasingly providing banking-adjacent services with superior user experiences and innovative features. Credit unions often compete directly with community banks while enjoying tax advantages and member-focused governance structures. The regulatory environment also constrains competitive positioning, as banking regulations limit pricing flexibility and require substantial compliance investments that disproportionately burden smaller institutions. Geographic concentration in Northern Virginia, while providing local market expertise, also creates vulnerability to regional economic downturns and limits diversification benefits that larger, geographically dispersed banks enjoy.
Risks & safety
Burke & Herbert demonstrates adequate financial stability with some areas of concern typical for regional banks. • Liquidity position: Cash and short-term investments of $135 million (Q4 2024) provide reasonable liquidity buffer, though this represents only 1.7% of total assets • Debt levels: Debt-to-equity ratio of 0.65 is manageable for a bank, though total liabilities of $7.1 billion against $730 million in equity shows typical banking leverage • Solvency risk: Generally low given positive cash flow from operations of $86 million annually and consistent profitability • Valuation metrics: Trading at 11.8x P/E ratio and 1.28x book value, suggesting reasonable valuation relative to earnings and tangible assets • Profitability trends: Return on equity of 2.7% in Q4 2024 is below historical levels, indicating margin pressure • Asset quality concerns: The significant loss in Q2 2024 ($17 million) suggests potential credit or operational issues requiring monitoring
Recent development
Based on the available financial data, Burke & Herbert has experienced notable operational volatility over recent quarters. The most significant development was a substantial loss of $17 million in Q2 2024, which appears to be an anomaly given the bank's return to profitability in subsequent quarters. This loss suggests the bank may have taken significant provisions for loan losses or experienced other one-time charges during that period. The bank's balance sheet has grown substantially, with total assets increasing from approximately $3.6 billion in 2022-2023 to $7.8 billion by Q4 2024, indicating either organic growth or potential acquisition activity. This rapid asset growth has been accompanied by corresponding increases in deposits and liabilities, suggesting the bank has been successful in capturing market share or expanding its customer base. Profitability metrics have shown mixed trends, with net interest margins appearing to face pressure as evidenced by the decline in return on equity from 16% in 2022 to under 3% in recent quarters. This reflects the challenging interest rate environment and competitive pressures facing regional banks. The bank's wealth management and fee-based services appear to remain stable contributors to overall revenue diversification.
BHRB company profile · for informational purposes only — not investment advice.
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