$8.690
+0.101 (+1.16%)At close
LNKB News
LNKB Events
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.
LinkBancor Q4 Earnings Affected by Credit Provision
Earnings for the fourth quarter of 2025 were adversely affected by increased provision expense primarily related to a specific reserve established for a single commercial credit with total exposure of $5M, requiring a full impairment, with an after-tax effect of $4M. The determination of this reserve resulted from concerns with the Commercial Relationship raised during the fourth quarter of 2025, leading to the identification of purported fraudulent activity in January 2026. "Overall, we were pleased with the core performance reflected in our quarterly and annual results, despite the impact of the required provision for a single commercial lending relationship," said Andrew Samuel, CEO of LinkBancor. "Annual net income reached an all-time high on strong growth in net interest income, continued progress in fee income and continued discipline in operating expenses. Looking ahead to 2026, we are excited to build on our strong organic growth, deliver exceptional service to our clients, and prepare for a successful merger with Burke & Herbert to create value for our shareholders."
DA Davidson Downgrades LinkBancorp to Neutral, Price Target Unchanged at $10
DA Davidson analyst Peter Winter downgraded LinkBancorp to Neutral from Buy with an unchanged price target of $10 after the company entered a merger agreement pursuant to which Burke & Herbert will acquire LinkBancorp in an all-stock transaction valued at $354.2M or $9.38 per share.
LINKBANCORP Inc Trading Resumes
LINKBANCORP Inc trading resumes
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.
This page is for research only and is not investment advice. Models can be wrong. Past performance does not guarantee future results.