Company Profile
- Burke & Herbert Financial Services Corp. (NASDAQ: BHRB) (“the company”) is a financial holding company for subsidiary bank, Burke & Herbert Bank & Trust Company (“the bank”), a VA state chartered bank with an operating history dating back to 1852, providing a full range of retail and commercial banking financial solutions as well as wealth management services.
- Following its transformative merger with Summit Financial Group, Inc. (“Summit”) in 2024, BHRB now operates a much broader retail network with 77 branch locations spread across parts of MD, VA, WV and the Washington, D.C. region, with a smaller presence in DE and KY.
- In addition to expansion of operating markets, the Summit transaction increased diversification in the loan portfolio with C&I (including owner-occupied CRE) representing roughly 21% of total loans at 2Q25 (historically had tracked below 10%). With that said, the loan portfolio remains heavily concentrated in…