Burke & Herbert Financial Services Corp. (Nasdaq: BHRB) reported its financial results for the quarter ended September 30, 2026, and announced a regular quarterly cash dividend in a press release dated October 22, 2026.
The company reported net income applicable to common shares of $36.2 million for the third quarter of 2026, which translates to diluted earnings per share (EPS) of $1.78. The results include a full quarter of operations following the May 1, 2026, merger with LINKBANCORP, Inc. (LNKB). Excluding merger-related items and other adjustments, adjusted operating net income was $43.4 million, and adjusted diluted EPS was $2.14.
Financial performance metrics for the quarter included an annualized return on average assets (ROA) of 1.30% and an annualized return on average common equity (ROCE) of 12.02%. The company reported total gross loans of $8.1 billion and total deposits of $9.0 billion, resulting in a loan-to-deposit ratio of 90.0%. The net interest margin was 4.21%.
Burke & Herbert also disclosed its capital position, noting total shareholders’ equity of $1.2 billion. The company reported a Common Equity Tier 1 capital to risk-weighted assets ratio of 12.03% and a leverage ratio of 10.43%.
In a separate announcement, the Company’s Board of Directors declared a regular quarterly cash dividend of $0.55 per share. The dividend is payable on December 1, 2026, to shareholders of record as of the close of business on November 13, 2026.
