Burke & Herbert Financial Services (BHRB) Q3 2026 earnings summary

Executive summary

• Q3 net income applicable to common shares was $36.2 million, or $1.78 diluted EPS; adjusted diluted EPS was $2.14.

• Results included a full quarter following the May 1 merger with LINKBANCORP; merger-related metrics met or exceeded announcement expectations.

Financial highlights

• Total revenue was $119.7 million, up from $106.9 million QoQ; net interest income was $105.0 million, up from $93.0 million.

• Net income applicable to common shares rose to $36.2 million from $9.3 million in Q2; Q2 included merger-related items.

• Adjusted noninterest expense was $65.3 million, up from $61.1 million QoQ, primarily reflecting a full quarter of LINKBANCORP results; merger-related expense was $9.1 million.

• Gross loans were $8.06 billion, deposits $8.96 billion and assets $11.03 billion at Sept. 30; loans increased $62.2 million QoQ.

Outlook and guidance

• FY26 loans expected at $8.10–$8.15 billion and deposits at $9.05–$9.15 billion.

• FY26 non-FTE net interest income guided to $372–$376 million; noninterest income to $53–$56 million; core noninterest expense to $242–$245 million.

• FY26 provision expense estimated at $2.1–$2.4 million, effective tax rate at 19%–20%, and weighted-average diluted shares at 18.5–18.6 million.