Burke & Herbert Financial Services said total assets reached $11.0 billion at June 30, 2026, up from the prior quarter’s level implied by its expanded footprint after the LINKBANCORP merger, with total gross loans at $8.0 billion and total deposits at $9.0 billion.
The company reported net income applicable to common shares of $9.3 million for the quarter ended June 30, 2026, down from $27.1 million in the March quarter. Operating net income rose to $37.5 million from $28.2 million, as merger-related expenses jumped to $28.2 million from $1.1 million.
Return on average assets was 0.37%, while adjusted return on average assets was 1.50%. Return on average common equity was 3.53%, with adjusted return on average common equity at 14.27%.
Burke & Herbert said it now operates more than 100 locations across six states, with 102 branches listed in the presentation. Virginia remains its largest market, with 42 branches and $4.1 billion in deposits, followed by West Virginia with 28 branches and $2.3 billion in deposits, Maryland with 18 branches and $908 million, Pennsylvania with 8 branches and $1.2 billion, and other branches totaling 6 and $340 million in deposits.
The company’s branch count reflects the addition of 57 former LINKBANCORP branches and 26 former branches from another acquisition, alongside its existing network.
On credit performance, the presentation showed historical net charge-offs at 0.27% of average loans in 2025, up from 0.22% in 2024 and 0.18% in 2023. For 2026 year to date, net charge-offs were 0.63%, compared with 0.68% in 2022 and 0.58% in 2021.
The balance sheet and earnings figures were presented alongside a leadership update that included Roy Halyama as president since July 2026 and Kirtan Parikh as chief financial officer since July 2026. Today the company's shares have moved -0.53% to a price of $70.07. For the full picture, make sure to review Burke & Herbert Financial Services's 8-K report.
