Burke & Herbert Financial Services Corp. (BHRB) Q3 FY2026 earnings

Reported results

• Net interest income was $105.0 million for Q3 2026 compared to $93.0 million in Q2 2026, driven by a $17.7 million increase in interest income partially offset by a $5.8 million increase in interest expense.
• Net interest margin (non-GAAP) on a fully taxable-equivalent basis increased to 4.21% in Q3 2026 from 4.15% in Q2 2026.
• Annualized return on average assets (GAAP) was 1.30% for Q3 2026; annualized adjusted return on average assets (non-GAAP) was 1.57%.
• Annualized return on average common equity (GAAP) was 12.02% for Q3 2026; annualized adjusted return on average common equity (non-GAAP) was 14.42%.
• Period-end total gross loans were $8.1 billion at September 30, 2026, an increase of $62.2 million from June 30, 2026; period-end total deposits were $9.0 billion, a decrease of $12.4 million from June 30, 2026.
• Common Equity Tier 1 capital to risk-weighted assets ratio was 12.03% (estimated) as of September 30, 2026; Total risk-based capital to risk-weighted assets ratio was 15.45% (estimated); leverage ratio was 10.43% (estimated).

Notes

The Company completed the merger of LINKBANCORP, Inc. with and into Burke & Herbert effective May 1, 2026; Q3 2026 results reflect a full quarter following this merger. Merger-related items totaling $7.2 million (tax-effected) are excluded from adjusted (non-GAAP) figures. The board declared a $0.55 per share regular cash dividend payable December 1, 2026, to shareholders of record as of November 13, 2026. Capital ratios as of September 30, 2026, are estimated.

Price and volatility reaction

The stock moved -1.4% on the print. No front-expiry chain was on file, so there is no straddle expected move.

Source

The figures above come from the earnings release the company filed with the SEC on 2026-10-22 (8-K, Item 2.02). Read the original filing on sec.gov.