Burke & Herbert announces Q3 earnings per share of $1.97, up from $1.82 a year ago.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 23 2025
0mins
Should l Buy BHRB?
Company Performance: David Boyle, Chair and CEO, highlighted strong loan originations and increased deposits, reflecting effective teamwork and strategic execution.
Market Expansion: The company opened its first branch in Bethesda, Maryland, and reported positive performance in newer markets in Virginia, including Fredericksburg and Richmond.
Financial Stability: The balance sheet is well-positioned with ample liquidity, solid capital ratios, and adequate loss reserves.
Future Outlook: The company anticipates a strong close to 2025, aiming to deliver increased value for customers, employees, communities, and shareholders.
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Analyst Views on BHRB
Wall Street analysts forecast BHRB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BHRB is 74.00 USD with a low forecast of 74.00 USD and a high forecast of 74.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 69.130
Low
74.00
Averages
74.00
High
74.00
Current: 69.130
Low
74.00
Averages
74.00
High
74.00
About BHRB
Burke & Herbert Financial Services Corp. is a financial holding company for Burke & Herbert Bank & Trust Company (the Bank). The Bank offers a full range of business and personal financial solutions designed to meet customers' banking, borrowing, and investment needs. The Bank has over 77 branches across Delaware, Kentucky, Maryland, Virginia, and West Virginia. The Bank’s primary source of funding is deposits, both interest-bearing and non-interest-bearing. The Bank provides a range of commercial lending services, including commercial real estate loans, acquisition, construction & development, commercial and industrial loans, and residential real estate loans to customers generally located or conducting business in its market area. It also provides traditional banking and wealth management services. The Bank offers digital banking, mobile banking, and a remote deposit service, which allows customers to facilitate and expedite deposit transactions through the use of electronic devices.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- LINKBANCORP Transaction Review: The sale of LINKBANCORP, Inc. (NASDAQ:LNKB) to Burke & Herbert Financial Services Corp. involves an exchange of 0.1350 shares of Burke & Herbert common stock for each LINKBANCORP share, with Halper Sadeh LLC potentially seeking increased consideration for shareholders.
- Merger Impact Analysis: The merger between Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) and LINKBANCORP is expected to result in Burke & Herbert shareholders owning approximately 75% of the combined entity, with Halper Sadeh LLC encouraging shareholders to understand their legal rights and options.
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- Loan Quality Concerns: The company faces risks related to declining loan quality, which could impact future financial performance, particularly during the integration period post-acquisition, leading to increased uncertainty.
- Acquisition Deal: Burke & Herbert announced the acquisition of LINKBANCORP in an all-stock deal valued at $354 million, aimed at expanding market share and enhancing competitiveness, although market reactions have been cautious.
- Market Reaction: While the acquisition may offer long-term growth potential, short-term uncertainties and loan quality issues could exert pressure on the stock price, prompting investors to closely monitor subsequent developments.
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- Market Expansion: The acquisition will allow BHRB to enter parts of central and eastern Pennsylvania while deepening its presence in Maryland and Delaware, thereby enhancing its deposit franchise and competitive positioning in these markets.
- Loan and Deposit Metrics: Post-merger, BHRB will have total loans of $8 billion and deposits of $9.1 billion, with a loan-to-deposit ratio of 88%, and expected deposit costs tracking below peer averages, further solidifying its financial stability.
- Capital Management: Although BHRB's CET1 ratio will decrease to 11.4% post-merger, the company's historical prudent capital management suggests it will maintain robust capital levels, reflecting a strong strategy following its recent merger with Summit Financial Group in Q2 2024.
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Burke & Herbert Acquires LINKBANCORP for $354.2 Million in All-Stock Deal
- Transaction Scale: Burke & Herbert signs a merger agreement with LINKBANCORP valued at approximately $354.2 million, translating to $9.38 per share, indicating a strategic move to expand market share.
- Shareholder Structure: Post-merger, existing Burke & Herbert shareholders are expected to own about 75% of the combined company, while LINK shareholders will hold approximately 25%, enhancing Burke & Herbert's influence in the Mid-Atlantic market.
- Management Integration: Two LINK board members will join Burke & Herbert's board, and LINK executives will integrate into Burke & Herbert's management team, which is expected to enhance leadership and market adaptability.
- Future Outlook: The transaction is anticipated to close in Q2 2026, strengthening Burke & Herbert's position in community banking and further driving business growth in Pennsylvania and surrounding areas.
See More
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- Transaction Size: Burke & Herbert has signed a merger agreement with LINKBANCORP valued at approximately $354.2 million, translating to $9.38 per share of LINK, indicating a strategic move to expand market share.
- Market Expansion: This acquisition will enable Burke & Herbert to operate over 100 locations in Pennsylvania, significantly enhancing its presence in the Mid-Atlantic region and reinforcing its position as a community bank.
- Asset Growth: Post-merger, the combined company is expected to have total assets of approximately $11.0 billion and total deposits of about $9.1 billion, bolstering financial strength and supporting future growth.
- Earnings Outlook: The combined earnings per share is projected to be around $9.18 in the first full year, suggesting that through integration and cost savings, Burke & Herbert is poised for substantial profit growth.
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Notable Holdings: Key underlying holdings with significant upside include Burke Herbert Financial Services Corp (BHRB), The Bancorp Inc (TBBK), and Financial Institutions Inc. (FISI), each showing potential increases of over 20% based on analyst targets.
Market Sentiment: The disparity between current trading prices and analyst target prices raises questions about whether analysts are justified in their optimistic projections or if they are out of touch with recent market developments.
Investor Considerations: Investors are encouraged to conduct further research to assess the validity of analyst targets, as high price targets may lead to downgrades if they are based on outdated information.
See More
Halper Sadeh LLC Investigates SkyWater and LINKBANCORP Transactions
- Legal Investigation Launched: Halper Sadeh LLC is investigating SkyWater Technology, Inc. (NASDAQ:SKYT) for its sale to IonQ, involving $15.00 in cash and $20.00 in IonQ common stock, potentially violating fiduciary duties to shareholders, urging them to contact the firm to enforce their rights.
- LINKBANCORP Transaction Review: The sale of LINKBANCORP, Inc. (NASDAQ:LNKB) to Burke & Herbert Financial Services Corp. involves an exchange of 0.1350 shares of Burke & Herbert common stock for each LINKBANCORP share, with Halper Sadeh LLC potentially seeking increased consideration for shareholders.
- Merger Impact Analysis: The merger between Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) and LINKBANCORP is expected to result in Burke & Herbert shareholders owning approximately 75% of the combined entity, with Halper Sadeh LLC encouraging shareholders to understand their legal rights and options.
- No-Risk Legal Consultation: Halper Sadeh LLC offers legal consultations without upfront fees, aiming to provide affected shareholders with additional disclosures and relief, ensuring their rights are fully protected in the transaction.
See More
Burke & Herbert Financial Services Acquires LINKBANCORP in $354M All-Stock Deal
- Earnings Highlights: Burke & Herbert Financial Services reported a Q4 GAAP EPS of $1.98 and revenue of $86.55 million, indicating stability in revenue growth despite challenges posed by deteriorating loan quality.
- Loan Quality Concerns: The company faces risks related to declining loan quality, which could impact future financial performance, particularly during the integration period post-acquisition, leading to increased uncertainty.
- Acquisition Deal: Burke & Herbert announced the acquisition of LINKBANCORP in an all-stock deal valued at $354 million, aimed at expanding market share and enhancing competitiveness, although market reactions have been cautious.
- Market Reaction: While the acquisition may offer long-term growth potential, short-term uncertainties and loan quality issues could exert pressure on the stock price, prompting investors to closely monitor subsequent developments.
See More
Burke & Herbert to Acquire LINKBANCORP for $354 Million in All-Stock Deal
- Merger Agreement: Burke & Herbert Financial Services Corp. announced a definitive merger agreement with LINKBANCORP valued at approximately $354 million, expected to close in Q2 2026, significantly enhancing the company's scale by surpassing the $10 billion asset threshold.
- Market Expansion: The acquisition will allow BHRB to enter parts of central and eastern Pennsylvania while deepening its presence in Maryland and Delaware, thereby enhancing its deposit franchise and competitive positioning in these markets.
- Loan and Deposit Metrics: Post-merger, BHRB will have total loans of $8 billion and deposits of $9.1 billion, with a loan-to-deposit ratio of 88%, and expected deposit costs tracking below peer averages, further solidifying its financial stability.
- Capital Management: Although BHRB's CET1 ratio will decrease to 11.4% post-merger, the company's historical prudent capital management suggests it will maintain robust capital levels, reflecting a strong strategy following its recent merger with Summit Financial Group in Q2 2024.
See More
Burke & Herbert Acquires LINKBANCORP for $354.2 Million in All-Stock Deal
- Transaction Scale: Burke & Herbert signs a merger agreement with LINKBANCORP valued at approximately $354.2 million, translating to $9.38 per share, indicating a strategic move to expand market share.
- Shareholder Structure: Post-merger, existing Burke & Herbert shareholders are expected to own about 75% of the combined company, while LINK shareholders will hold approximately 25%, enhancing Burke & Herbert's influence in the Mid-Atlantic market.
- Management Integration: Two LINK board members will join Burke & Herbert's board, and LINK executives will integrate into Burke & Herbert's management team, which is expected to enhance leadership and market adaptability.
- Future Outlook: The transaction is anticipated to close in Q2 2026, strengthening Burke & Herbert's position in community banking and further driving business growth in Pennsylvania and surrounding areas.
See More
Burke & Herbert Acquires LINKBANCORP for $354.2 Million in All-Stock Deal
- Transaction Size: Burke & Herbert has signed a merger agreement with LINKBANCORP valued at approximately $354.2 million, translating to $9.38 per share of LINK, indicating a strategic move to expand market share.
- Market Expansion: This acquisition will enable Burke & Herbert to operate over 100 locations in Pennsylvania, significantly enhancing its presence in the Mid-Atlantic region and reinforcing its position as a community bank.
- Asset Growth: Post-merger, the combined company is expected to have total assets of approximately $11.0 billion and total deposits of about $9.1 billion, bolstering financial strength and supporting future growth.
- Earnings Outlook: The combined earnings per share is projected to be around $9.18 in the first full year, suggesting that through integration and cost savings, Burke & Herbert is poised for substantial profit growth.
See More
KRE's Core Assets May Indicate a 20% Upside Potential
ETF Analysis: The SPDR S&P Regional Banking ETF (KRE) has an implied analyst target price of $72.14, indicating a potential upside of 19.95% from its current trading price of $60.14.
Notable Holdings: Key underlying holdings with significant upside include Burke Herbert Financial Services Corp (BHRB), The Bancorp Inc (TBBK), and Financial Institutions Inc. (FISI), each showing potential increases of over 20% based on analyst targets.
Market Sentiment: The disparity between current trading prices and analyst target prices raises questions about whether analysts are justified in their optimistic projections or if they are out of touch with recent market developments.
Investor Considerations: Investors are encouraged to conduct further research to assess the validity of analyst targets, as high price targets may lead to downgrades if they are based on outdated information.
See More
