Quarterly ResultOct 22, 2026, 04:11 PM
Burke & Herbert Q3 Net Income $36.2M; Declares $0.55 Dividend
AI Summary
Burke & Herbert Financial Services Corp. announced its third quarter 2026 results, reporting net income of $36.2 million, or $1.78 per diluted share. Adjusted non-GAAP operating net income was $43.4 million, or $2.14 per diluted share. The company also declared a regular quarterly cash dividend of $0.55 per share. Total assets grew to $11.03 billion, with loans at $8.1 billion and deposits at $9.0 billion. The net interest margin improved to 4.21% on a non-GAAP basis, and capital ratios remained robust.
Key Highlights
- Burke & Herbert Financial Services Corp. reported Q3 2026 net income of $36.2 million, or $1.78 per diluted share.
- Adjusted non-GAAP operating net income was $43.4 million, or $2.14 per diluted share.
- The company declared a regular quarterly cash dividend of $0.55 per share.
- Total assets reached $11.03 billion, with total loans at $8.1 billion and total deposits at $9.0 billion.
- Net interest margin (non-GAAP) increased to 4.21% in Q3 2026.
- Capital ratios remain strong, with Common Equity Tier 1 at 12.03% and Total risk-based capital at 15.45%.
Price Impact
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