70.68
+1.14%
Close of 9 Nov 2026, in USD
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About Burke & Herbert Financial Services
From its filings with the US Securities and Exchange Commission
Burke & Herbert Financial Services is based in Alexandria, Virginia and is incorporated in Virginia. Its shares trade on Nasdaq under the ticker BHRB. The SEC classifies its business as national commercial banks. In the fiscal year to 31 December 2025, it reported net income of $117.3m. At that date it held total assets of $7.92bn and shareholders' equity of $854.6m.
Burke & Herbert Financial Services Corp. was organized as a Virginia corporation in 2022 to serve as the holding company for Burke & Herbert Bank & Trust Company. The Company became a bank holding company when it commenced operations on October 1, 2022, following a reorganization transaction in which it acquired control of the Bank under the Bank Holding Company Act of 1956 (“BHCA”). This transaction was treated as an internal reorganization as all shareholders of the Bank became shareholders of the Company. The Company has no material operations other than owning the Bank. In September 2023, the Company elected to become a financial holding company under the BHCA. As a financial holding company of a Virginia state bank, the Company is subject to regulation, supervision, and examination by the Board of Governors of the Federal Reserve System (the “Federal Reserve”) and the Bureau of Financial Institutions of the Virginia State Corporation Commission (the “Virginia BFI”). The Bank is a Virginia chartered commercial bank that commenced operations in 1852. The Bank became a member of the Federal Reserve System on December 31, 2024. The Bank is subject to regulation, supervision, and examination by the Federal Reserve (through the Federal Reserve Bank of Richmond) and the Virginia BFI.
Quoted from its 10-K, filed 27 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Financials
- Industry
- Banks
- Listed since
- 24 Mar 1994
- Employees
- 832
- Website
- burkeandherbertbank.com ↗
- Head office
- 100 S. FAIRFAX STREET, ALEXANDRIA, VA, 22314
- Incorporated in
- VA
- Classification
- National Commercial Banks
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. David BoyleChairman of the Board, Chief Executive Officer, since 2019
- Mr. H. Charles MaddyPresident, Director, since 2023
- Mr. S. Laing HinsonVice Chairman of the Board
- Mr. Roy HalyamaChief Financial Officer, Executive Vice President
- Mr. Joseph HagerChief Operating Officer, Executive Vice President
- Ms. Danyl FreemanChief Human Resource Officer, Executive Vice President
- Mr. Joseph CollumExecutive Vice President, Director of Branch and Business Banking
- Ms. Lauren KimlelExecutive Vice President, Chief Branch Banking Officer
- Mr. Bradford RitchieExecutive Vice President, Chief Lending Officer
- Mr. Shannon RowanExecutive Vice President - Wealth Services
- Ms. Alexis SantinExecutive Vice President - Digital and Payments Strategy
- Mr. Kendrick SmithExecutive Vice President - Mortgage Banking
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 26
- Environment
- 2
- Social
- 46
- Governance
- 30
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- The company operates approximately 20 branches throughout the Northern Virginia region.
- It maintains commercial loan offices in Fredericksburg, Loudoun County, Richmond, and Bethesda.
- Employees number 832 supporting diverse personal and business banking services.
Weaknesses
- The headquarters is located in Alexandria, Virginia, limiting geographic diversity.
- Listing occurred on 24 March 1994, indicating a long public history.
- Digital banking services are offered alongside traditional branch operations.
Opportunities
- Commercial real estate loans provide growth potential in the local market.
- Financing for medical and dental practices expands business lending capabilities.
- Government contracting services attract new corporate clients in the region.
Threats
- Competition exists within the Northern Virginia banking sector.
- Regulatory changes may impact commercial loan and trust services.
- Economic shifts could affect small business lending demand.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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