Short answer
Burke & Herbert Financial Services Corp. (BHRB) filed its fiscal 2025 10-K annual report with the SEC on Feb 27, 2026. It reported revenue of $445M (+21.5% year over year) and net income of $117M.
- Top risk flagged: Regulatory risk from CECL accounting impact related to one-time Day 2 provision for non-PCD assets in Summit merger affecting credit loss provisions
FY2025 key financial metrics · XBRL
- Revenue
- $445M
- +21.5% YoY
- Net income
- $117M
- +228.5% YoY
- EPS (diluted)
- $7.72
- +173.8% YoY
- ROE
- 13.7%
- +8.8 pp YoY
- Operating cash flow
- $108M
- +25.8% YoY
Source: XBRL data from the Burke & Herbert Financial Services Corp. (BHRB) FY2025 10-K on SEC EDGAR. USD.
Burke & Herbert Financial Services Corp. FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: Community-oriented bank holding company providing personalized banking and financial services primarily to small and medium businesses and individuals
- New emphasis: Election as a financial holding company in Sept 2023 enhanced regulatory status and operational scope
- Strategic shift: Completed merger with Summit Financial Group in May 2024; pending merger with LINKBANCORP announced Dec 2025 to expand market presence
- Notable quantitative metric: $7.9 billion total assets, $5.3 billion gross loans, $6.4 billion deposits, $855 million shareholders’ equity as of Dec 31, 2025
- Market share: 1.0% deposit market share in Washington D.C. MSA (14th ranking), deposits $3.0 billion in key MSA as of June 30, 2025
Management Discussion & Analysis
- Assets $7.9B, up $108.4M YoY; securities portfolio +$183.6M; loans net -$284.3M
- Non-performing assets $76.9M vs $41.2M; ACL 1.26% of loans vs 1.20% with $2.3M credit loss provision in 2025
- Deposits $6.4B, down $111.3M YoY; brokered deposits down $180.4M; core deposits up $69.1M
- Total shareholders’ equity $854.6M, up $124.5M YoY primarily from earnings and $36.8M AOCI decrease
- Management highlights ongoing organic growth, prudent credit risk management, and sufficient liquidity through $4.6B unused credit lines
Risk Factors
- Regulatory risk from CECL accounting impact related to one-time Day 2 provision for non-PCD assets in Summit merger affecting credit loss provisions
- Macroeconomic exposure through increased interest expense due to rising rates impacting $6.4B total assets, with deposit interest expense up $3.3M in 2025
- Operational vulnerability from Summit merger integration, causing $4.1M increase in core deposit intangible amortization and increased salaries by $6.4M in 2025
- Competitive risk from pressure on net gains on securities, which declined by $1.2M in 2025 despite overall income growth post-merger
- Financial leverage risk with $450M short-term borrowings and $107M subordinated debt, bearing high interest rates near 9.85% post-Summit merger
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