Burke & Herbert completes LINKBANCORP merger; Q2 adjusted EPS $2.03, NIM 4.15%

Burke & Herbert Financial Services Corp.

Completed merger with LINKBANCORP on May 1, 2026; total consideration ~$329.7M, preliminary goodwill $82.1M.
GAAP net income $9.3M ($0.50 EPS); adjusted operating net income $37.5M ($2.03 EPS).
Adjusted ROATCE 16.45%, ROA 1.50%; tangible common equity to tangible assets 9.21%.
Net interest margin 4.15%; loans $8.0B, deposits $9.0B, loan-to-deposit 89.2%.
Declared $0.55 quarterly dividend, payable Sept 1, 2026 to holders of record Aug 14.

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