Recent Updates — BHRB
Burke & Herbert Financial Services Corp. reported second quarter 2026 results, highlighting the May 1, 2026, completion of its merger with LINKBANCORP, Inc. for approximately $329.7 million. The merger increased total assets to $11.0 billion and total deposits to $9.0 billion. The company reported net income applicable to common shares of $9.3 million and diluted EPS of $0.50, though adjusted (non-GAAP) operating net income was $37.5 million with an adjusted diluted EPS of $2.03. The Board declared a regular quarterly cash dividend of $0.55 per share. The company operates as a financial holding company for a community bank providing business and personal financial solutions.
Burke & Herbert Financial Services Corp. completed its merger with LINKBANCORP, Inc. on May 1, 2026. Under the merger agreement, LNKB common stock was converted into 0.1350 shares of Burke & Herbert common stock per share. The transaction had an estimated fully diluted value of approximately $329.7 million. Burke & Herbert Financial Services Corp. is a financial services company providing banking and wealth management services.
Burke & Herbert Financial Services Corp. entered into a separation agreement with retiring President H. Charles Maddy, III, effective June 30, 2026. The agreement includes a lump sum cash severance of $558,334.40, a company vehicle valued at $58,400, ten months of COBRA coverage, and accelerated vesting of 6,673.32 performance-based restricted stock units to be delivered by March 15, 2027. Burke & Herbert Financial Services Corp. is a financial services company providing banking and trust services.
Burke & Herbert Financial Services Corp. announced that Roy E. Halyama, current Executive Vice President and CFO, will be appointed as President of the Company and Burke & Herbert Bank & Trust Company effective July 1, 2026. This appointment follows the retirement of H. Charles Maddy, III as President, effective June 30, 2026. Burke & Herbert Financial Services Corp. is a financial services company providing banking services through its primary subsidiary, Burke & Herbert Bank & Trust Company.