Burke & Herbert Financial Services (BHRB) Registration Filing summary

Company overview and business model

• Organized in 2022 as a Virginia corporation and financial holding company, serving as the parent of a regional bank.

• Offers a broad suite of banking and financial services to small and medium-sized businesses, professionals, non-profits, and individuals.

• As of September 30, 2024, reported $7.9 billion in assets, $5.6 billion in gross loans, $6.6 billion in deposits, and $738.1 million in shareholders' equity.

• Common stock is listed on Nasdaq under the symbol “BHRB.”

Financial performance and metrics

• Aggregate market value of outstanding common equity held by non-affiliates is $908.5 million as of November 13, 2024.

• Financial statements and performance details are incorporated by reference from recent SEC filings.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used for general corporate purposes, including debt repayment, working capital, capital expenditures, regulatory capital for the bank subsidiary, business expansion, acquisitions, and share repurchases.

• Proceeds from sales by selling securityholders will not go to the company unless otherwise stated.