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ALEXANDRIA, Va. - Burke & Herbert Financial Services Corp. (NASDAQ:BHRB) announced Thursday that its board of directors has declared a quarterly cash dividend of $0.55 per share, payable on December 1, 2025, to shareholders of record as of November 14, 2025.
The company reported net income applicable to common shares of $29.7 million, or $1.97 per diluted share, for the third quarter ended September 30, 2025. This matched the second quarter’s earnings of $29.7 million. Trading at a P/E ratio of 8.73, the bank maintains a market capitalization of $918.62 million. InvestingPro analysis shows the company’s overall financial health score as GOOD, with particularly strong marks in relative value metrics.
Burke & Herbert maintained strong capital ratios, with Common Equity Tier 1 capital to risk-weighted assets at 12.7% and total risk-based capital to risk-weighted assets at 15.4%, both well above regulatory requirements for being considered well-capitalized.
The bank reported total gross loans of $5.6 billion and total deposits of $6.4 billion at quarter-end, resulting in a loan-to-deposit ratio of 86.7%. Net interest margin was 4.08% for the three months ended September 30, 2025.
"Our solid results reflect the teamwork in executing our strategy to be trusted advisors to our customers and to expand into attractive markets where we deliver our full suite of products and services," said David P. Boyle, Company Chair and Chief Executive Officer, in a press release statement.
The company recently opened its first branch in Bethesda, Maryland, while reporting that newer markets in Virginia, including Fredericksburg and Richmond, are exceeding expectations.
Burke & Herbert Financial Services Corp. is the financial holding company for Burke & Herbert Bank & Trust Company, the oldest continuously operating bank under its original name headquartered in the greater Washington, D.C. metropolitan area.
In other recent news, Freedom Capital Markets has initiated coverage on Burke & Herbert Financial Services Corp. with a Buy rating. The research firm set a price target of $71.00 for the company. This decision is influenced by Burke & Herbert’s "transformational merger" with Summit Financial Group. The merger is seen as a significant development for the financial institution. These recent developments are being closely watched by investors and analysts.
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