Burke & Herbert Financial Services (BHRB) investor relations material

Executive summary

• Completed merger with LINKBANCORP, Inc. on May 1, 2026, creating a $11 billion asset institution with over 100 branches and 1,100 employees across six states.

• Successfully integrated LINKBANCORP operations and systems by June 2026, reflected in Q2 results.

• Focused on relationship-driven community banking, maintaining a moderate risk profile and top-quartile returns.

• Declared a $0.55 per share regular cash dividend, payable September 1, 2026.

Financial highlights

• Net income to common for 2Q26 was $9.3 million; adjusted net income was $37.5 million, reflecting significant merger-related expenses.

• Diluted EPS was $0.50; adjusted diluted EPS was $2.03.

• Net interest income rose to $93.0 million from $71.8 million in Q1 2026, driven by the LNKB acquisition.

• Total assets reached $11.0 billion, gross loans $8.0 billion, and total deposits $9.0 billion as of June 30, 2026.

• Non-interest expense surged to $93.5 million from $51.4 million in Q1, mainly due to merger and integration costs.

Outlook and guidance

• Loans expected between $8.15–$8.30 billion and deposits between $9.05–$9.15 billion for 2026.

• Net interest income (non-FTE) projected at $372–$376 million; noninterest income at $53–$56 million.

• Core noninterest expense estimated at $242–$245 million; provision expense at $1.6–$2.4 million.

• Effective tax rate expected to be 20–21%.

• Management expects continued realization of cost savings, synergies, and returns from the LNKB integration.