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BHRB-News
BHRB-Events
Company Reports Q3 Revenue of $119.74M, Below Consensus
Reports Q3 revenue $119.74M, consensus $120.8M. Reports Q3 CET1 capital ratio 12.03%. The company said, "Our third quarter results reflect disciplined execution and continued momentum across the Company. Core earnings were strong, asset quality remains consistent with our moderate risk profile, and we once again delivered top-quartile returns compared to our peers. We also completed a $100 million subordinated debt offering, further strengthening our capital position and providing additional financial flexibility to support profitable growth. Our team continues to execute well, and we remain focused on delivering long-term value for our shareholders, customers, employees, and communities."
LINKBANCORP Q2 Revenue at $106.9M, Below Consensus
Reports Q2 revenue $106.9M, consensus $112.86M. Reports Q2 tangible book value per share $49.29. Reports Q2 CET1 capital ratio 11.79%. "The successful integration of LINKBANCORP brings together two organizations with a shared commitment to being the quintessential community bank in our markets - one that is deeply invested in the people and businesses we serve every day. Our operating results for the second quarter reflect the strength of that combination, demonstrating both the financial benefits of the acquisition and the power of our disciplined execution. As we move forward, we remain firmly committed to delivering top-quartile financial performance, just as we achieved following the Summit merger, and to creating sustained value for our shareholders, customers, employees, and the communities we call home."
Company Reports Q1 Revenue of $84.7M, Below Consensus
Reports Q1 revenue $84.7M, consensus $86.51M. Reports Q1 tangible book value per share $51.38. Reports Q1 CET1 capital ratio 13.8%. The company said, "I'm pleased with our first quarter 2026 results which have put us on a good trajectory for the year. Our new loan originations were strong and we grew our loan portfolio while maintaining a solid core deposit base. Our balance sheet is well-positioned, asset quality metrics are in line with our moderate risk profile, and we delivered top quartile returns compared to our peers. We're looking forward to our upcoming merger with LINKBANK and the benefits it will provide for our combined customers, employees, communities, and shareholders."
Burke & Herbert and LinkBancorp Merger Approved by Shareholders
Burke & Herbert (BHRB) and LinkBancorp (LNKB) announced that at special meetings of their respective shareholders held on March 25, Burke & Herbert and Link shareholders approved the merger of Link with and into Burke & Herbert, with Burke & Herbert as the continuing corporation pursuant to the agreement and plan of merger, dated as of December 18, 2025, by and between Burke & Herbert and Link. The closing of the proposed merger remains subject to regulatory approvals and certain other customary closing conditions.
Burke & Herbert to Acquire LinkBancorp in $354.2M All-Stock Deal
Burke & Herbert (BHRB) and LinkBancorp (LNKB) announced the signing of a definitive merger agreement pursuant to which Burke & Herbert will acquire LINK in an all-stock transaction valued at approximately $354.2M or $9.38 per share of LINK common stock, based on a closing price for Burke & Herbert's common stock of $69.45 as of December 17, 2025. Under the terms of the definitive merger agreement, which was unanimously approved by the boards of directors of both companies, holders of LINK common stock will have the right to receive 0.1350 shares of Burke & Herbert common stock for each share of LINK common stock. Existing Burke & Herbert shareholders are expected to own approximately 75% of the outstanding shares of the combined company and LINK shareholders are expected to own approximately 25%. Based on Burke & Herbert's current quarterly cash dividend rate, the exchange will be neutral to the cash dividends currently paid to LINK shareholders. Two members of the LINK board of directors will join the Company's board of directors upon the closing of the transaction. In addition to those directors, Andrew Samuel will also join the board of directors of Burke & Herbert Bank upon closing of the transaction and serve as a Senior Advisor. Additionally, LINK executives will join the Burke & Herbert executive management team, with Carl Lundblad to be appointed as Executive Vice President and Brent Smith as Pennsylvania Market Leader. The transaction is expected to close in the second quarter of 2026, subject to satisfaction of customary closing conditions, including regulatory approvals and approvals of Burke & Herbert's and LINK's common shareholders.
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