Overview
1852Founded1
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Service, Other brought in 31% of the revenue Burke & Herbert Bank broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Service, Other | $2.8M | $7.2M | $8.2M |
| Deposit Related Feed | $2.4M | $6.6M | $7.8M |
| Trust Fees | $3.1M | $4.9M | $6.1M |
| Advisory Fees | $1.9M | $2.4M | $2.7M |
| Fiduciary And Trust, Other Fees | $414.0K | $1.1M | $1.7M |
| Service Charges And Fees, Other Fees | $86.0K | $144.0K | $6.0K |
Financial statements
Every line of the income statement in the latest annual report, as filed.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Taxable loans, including fees | $382.8M | $311.3M | $101.8M |
| Tax-exempt loans, including fees | $180.0K | $118.0K | $0 |
| Taxable securities | $36.8M | $39.8M | $37.2M |
| Tax-exempt securities | $17.4M | $10.2M | $5.6M |
| Other interest income | $7.8M | $5.6M | $2.9M |
| Total interest income | $445.0M | $367.1M | $147.5M |
| Deposits | $122.0M | $118.7M | $39.2M |
| Short-term borrowings | $16.5M | $14.2M | $13.9M |
| Subordinated debt | $10.5M | $7.4M | $0 |
| Other interest expense | $105.0K | $111.0K | $86.0K |
| Total interest expense | $149.1M | $140.4M | $53.1M |
| Net interest income | $295.9M | $226.7M | $94.4M |
| Credit loss expense (recapture) - loans and available-for-sale securities | $2.3M | $20.5M | $235.0K |
| Credit loss expense (recapture) - off-balance sheet credit exposures | -$803.0K | $3.7M | -$21.0K |
| Total provision for (recapture of) credit losses | $1.5M | $24.2M | $214.0K |
| Net interest income after credit loss expense | $294.4M | $202.5M | $94.2M |
| Net gains (losses) on securities | $147.0K | $1.4M | -$112.0K |
| Income from company-owned life insurance | $8.1M | $4.7M | $2.8M |
| Bank debit and other card revenue | $12.3M | $9.8M | $4.9M |
| Other non-interest income | $6.9M | $3.8M | $1.5M |
| Total non-interest income | $46.1M | $35.3M | $17.3M |
| Salaries and wages | $83.4M | $77.1M | $39.2M |
| Pensions and other employee benefits | $18.5M | $17.2M | $9.4M |
| Occupancy | $14.4M | $11.6M | $6.0M |
| Equipment rentals, depreciation and maintenance | $15.8M | $23.2M | $5.8M |
| Core deposit intangible amortization | $15.6M | $11.5M | $0 |
| ATM, card, and network expense | $4.8M | $5.4M | $2.6M |
| FDIC and other regulatory assessments | $3.9M | $3.3M | $2.0M |
| Other operating | $39.1M | $48.6M | $21.5M |
| Total non-interest expense | $195.6M | $197.8M | $86.4M |
| Income before income taxes | $144.9M | $39.9M | $25.1M |
| Total | $27.6M | $4.2M | $2.4M |
| Net income | $117.3M | $35.7M | $22.7M |
| Preferred stock dividends | $900.0K | $675.0K | $0 |
| Net income applicable to common shares | $116.4M | $35.0M | $22.7M |
| Basic (in dollars per share) | $7.76 | $2.83 | $3.05 |
| Diluted (in dollars per share) | $7.72 | $2.82 | $3.02 |
Every line of the balance sheet in the latest annual report, as filed.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and due from banks | $53.5M | $35.6M | |
| Interest-bearing deposits with banks | $235.6M | $99.8M | |
| Cash and cash equivalents | $289.1M | $135.3M | $44.5M |
| Securities available-for-sale, at fair value | $1.6B | $1.4B | |
| Restricted stock, at cost | $42.2M | $33.6M | |
| Loans held-for-sale, at fair value | $365.0K | $2.3M | |
| Loans | $5.4B | $5.7B | |
| Allowance for credit losses | -$67.8M | -$68.0M | -$25.3M |
| Net loans | $5.3B | $5.6B | |
| Other real estate owned | $2.7M | $2.8M | $0 |
| Premises and equipment, net | $136.8M | $132.3M | |
| Accrued interest receivable | $35.4M | $34.5M | |
| Intangible assets | $41.7M | $57.3M | |
| Goodwill | $34.1M | $32.8M | $0 |
| Company-owned life insurance | $213.2M | $182.8M | |
| Other assets | $189.1M | $162.0M | |
| Total Assets | $7.9B | $7.8B | |
| Non-interest-bearing deposits | $1.3B | $1.4B | |
| Interest-bearing deposits | $5.1B | $5.1B | |
| Total deposits | $6.4B | $6.5B | |
| Short-term borrowings | $450.0M | $365.0M | |
| Subordinated debentures, net | $70.2M | $94.9M | |
| Subordinated debentures owed to unconsolidated subsidiary trusts | $17.3M | $17.0M | |
| Accrued interest and other liabilities | $124.5M | $89.9M | |
| Total Liabilities | $7.1B | $7.1B | |
| Preferred stock and related surplus, $1.00 par value per share; 2,000,000 shares authorized; 1,500 shares issued and outstanding at December 31, 2025, 1,500 shares issued and outstanding at December 31, 2024 | $10.4M | $10.4M | |
| Common Stock $0.50 par value; 40,000,000 shares authorized, 15,599,814 shares issued and 15,028,524 shares outstanding at December 31, 2025; 40,000,000 shares authorized, 15,540,394 shares issued and 14,969,104 shares outstanding at December 31, 2024 | $7.8M | $7.8M | |
| Common stock, additional paid-in capital | $405.9M | $401.2M | |
| Retained earnings | $517.1M | $434.1M | |
| Accumulated other comprehensive income (loss) | -$59.0M | -$95.7M | |
| Treasury stock 571,290 shares, at cost, at December 31, 2025, and 571,290 shares, at cost, at December 31, 2024 | -$27.6M | -$27.6M | |
| Total Shareholders' Equity | $854.6M | $730.2M | $314.8M |
| Total Liabilities and Shareholders' Equity | $7.9B | $7.8B | |
| Preferred stock, par value per share (in dollars per share) | $1.00 | $1.00 | |
| Preferred stock, authorized (in shares) | 2.0M shares | 2.0M shares | |
| Preferred stock, issued (in shares) | 1.5K shares | 1.5K shares | |
| Preferred stock, outstanding (in shares) | 1.5K shares | 1.5K shares | |
| Common stock, par value per share (in dollars per share) | $0.50 | $0.50 | |
| Common stock, authorized (in shares) | 40.0M shares | 40.0M shares | |
| Common stock, issued (in shares) | 15.6M shares | 15.5M shares | |
| Common stock, outstanding (in shares) | 15.0M shares | 15.0M shares | |
| Treasury stock, shares (in shares) | 571.3K shares | 571.3K shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net Income | $117.3M | $35.7M | $22.7M |
| Depreciation and amortization of fixed assets | $6.9M | $5.9M | $2.9M |
| Amortization of other intangible assets | $15.8M | $11.5M | $0 |
| Amortization on assumed liabilities | $6.7M | $10.2M | $0 |
| Accretion income related to acquired loans | -$39.8M | -$40.9M | $0 |
| Amortization of housing tax credits | $7.0M | $5.4M | $5.6M |
| Realized (gain) loss on sales of available-for-sale securities | -$147.0K | -$1.4M | $112.0K |
| Realized (gain) on sales of OREO property | $2.0K | -$172.0K | $0 |
| Write-down on OREO property | $195.0K | $0 | $0 |
| Provision for (recapture of) credit losses | $1.5M | $24.2M | $214.0K |
| Income from company-owned life insurance | -$8.1M | -$4.7M | -$2.8M |
| Deferred tax expense (benefit) | $13.3M | -$1.5M | -$1.5M |
| (Gain) loss on disposal of fixed assets | $225.0K | $2.2M | $37.0K |
| Accretion of securities | -$4.6M | -$3.7M | -$1.6M |
| Amortization of securities | $9.8M | $9.5M | $9.2M |
| Share-based compensation expense | $4.8M | $2.9M | $2.5M |
| Repayment of operating lease liabilities | -$2.5M | -$2.7M | -$3.1M |
| (Gain) on loans held-for-sale | -$297.0K | -$484.0K | -$138.0K |
| Proceeds from sales of loans held-for-sale | $23.0M | $37.1M | $14.2M |
| Change in fair value of loans held-for-sale | $0 | $28.0K | -$28.0K |
| Originations of loans held-for-sale | -$20.7M | -$37.5M | -$15.5M |
| (Increase) decrease in accrued interest receivable | -$988.0K | $3.0M | -$414.0K |
| (Increase) decrease in other assets | -$58.0M | -$32.5M | $3.9M |
| Increase in accrued interest payable and other liabilities | $36.7M | $63.7M | $6.5M |
| Net cash flows provided by operating activities | $107.9M | $85.8M | $42.5M |
| Proceeds from maturities, prepayments, and calls of securities available-for-sale, net | $209.6M | $257.9M | $112.0M |
| Proceeds from sales of securities available-for-sale, net | $22.1M | $372.4M | $77.8M |
| Purchases of securities available-for-sale, net | -$374.9M | -$622.8M | -$33.2M |
| Net cash from merger | $0 | $52.6M | $0 |
| Sales of restricted stock | $29.1M | $40.6M | $29.9M |
| Purchases of restricted stock | -$37.7M | -$67.7M | -$19.4M |
| Proceeds from sales of OREO properties | $156.0K | $758.0K | $0 |
| Proceeds from sales of property and equipment | $0 | $0 | $3.4M |
| Purchases of property and equipment, net of disposals | -$11.7M | -$4.6M | -$14.2M |
| (Purchases) proceeds from company-owned life insurance | -$22.2M | $2.2M | $1.2M |
| (Increase) decrease in loans made to customers, net | $322.4M | $92.2M | -$200.5M |
| Net cash flows provided by (used in) investing activities | $136.7M | $123.6M | -$43.2M |
| Net increase (decrease) in non-interest-bearing accounts | -$43.6M | -$27.5M | -$130.4M |
| Net increase (decrease) in interest-bearing accounts | -$68.8M | -$158.7M | $211.9M |
| Increase (decrease) in other short-term borrowings | $85.0M | $93.0M | -$71.1M |
| Repayment of subordinated debt | -$30.0M | $0 | $0 |
| Repayment of finance lease liabilities | -$236.0K | -$216.0K | -$119.0K |
| Proceeds from employee stock purchase program | $679.0K | $259.0K | $206.0K |
| Cash dividends paid | -$33.9M | -$28.6M | -$15.7M |
| Issuance of common stock | $30.0K | $3.2M | $0 |
| Treasury stock transactions | $0 | $0 | $141.0K |
| Net cash flows provided by (used in) financing activities | -$90.8M | -$118.5M | -$5.1M |
| (Decrease) increase in cash and cash equivalents | $153.8M | $90.8M | -$5.8M |
| Interest paid to depositors | $123.9M | $114.7M | $37.6M |
| Interest paid on short-term borrowings | $18.7M | $17.0M | $8.0M |
| Interest paid on subordinated debt and trust preferred securities | $4.9M | $7.4M | $0 |
| Interest paid on finance lease | $107.0K | $110.0K | $86.0K |
| Federal | $6.0M | $1.9M | $1.2M |
| Change in unrealized gains on available-for-sale securities | $45.4M | $8.3M | $41.4M |
| Change in pension plan benefits | $696.0K | $1.5M | $1.6M |
| Transfers to OREO | $259.0K | $0 | $0 |
| Lease liability arising from obtaining right-of-use assets | $775.0K | $12.3M | $1.2M |
| Common stock issued for merger, net | $0 | $387.0M | $0 |
| Preferred stock issued for merger, net | $0 | $10.4M | $0 |
| Fair value of assets purchased in merger | $0 | $4.5B | $0 |
| Fair value of liabilities assumed in merger | $0 | $4.1B | $0 |
Timeline
- 1852Founded Founded1
Recent filings
- Sep 30, 2026424B5
- Sep 30, 20268-K
- Sep 29, 20264
- Sep 29, 20264
- Sep 29, 20264
- Sep 29, 20264
- Sep 29, 20264
- Sep 29, 20264
- Sep 28, 2026424B5
- Sep 28, 20268-K
- Sep 28, 2026305B2
- Sep 28, 2026FWP
- Sep 18, 20268-K
- Aug 24, 2026SCHEDULE 13G/A
- Aug 21, 20264
Every filing from the last three years, summarized. The full record is on SEC EDGAR.2
Links
- WikidataQ119072338
- SEC EDGARCIK 1964333
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataBurke & Herbert Bank on Wikidata
- 2
- 3Company websiteBurke & Herbert Bank logo
- 4
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