Highest-materiality recent filing
Burke & Herbert completes merger with LINKBANCORP; appoints COO, CFO
Merger closed May 1, 2026: LNKB shareholders received 0.1350 BHRB shares per LNKB share; ~5.1M BHRB shares issued as consideration.
Net income $27.1M; diluted EPS $1.79; adjusted EPS $1.87.
Burke & Herbert and LINKBANCORP receive all regulatory approvals; merger closes May 1
All required regulatory approvals or waivers for the merger have been received.
Burke & Herbert and LINKBANCORP shareholders approve merger; regulatory approvals pending
BHRB shareholders voted 9,963,159 for, 94,232 against, 107,963 abstained to approve merger with LNKB.
Burke & Herbert appoints two LNKB directors to board; three directors to depart
Diane Poillon and Kristen Snyder, current LNKB directors, appointed to BHRB board effective upon merger close.
President & director H. Charles Maddy III to retire June 30, 2026; CFO Roy Halyama named successor
Maddy to retire as President and not seek re-election to board effective June 30, 2026; remains bank director and foundation chair.
Burke & Herbert Q4 net income $30M, EPS $1.98; full-year EPS $7.72; $0.55 dividend
Q4 2025 net income applicable to common shares $30.0M, diluted EPS $1.98; ROAA 1.49%, ROAE 14.14%.
Burke & Herbert amends SERP, terminates rabbi trust for Summit merger
Amendment waives requirement to maintain rabbi trust for SERP benefits tied to May 2024 Summit merger.
Burke & Herbert (BHRB) to acquire LINKBANCORP (LNKB) in all-stock merger; 0.1350 exchange ratio
Each LNKB share converts into 0.1350 BHRB shares; cash for fractional shares; tax-free reorganization intended.
Burke & Herbert amends CEO & CFO employment agreements with new salary, incentive, severance terms
CEO David Boyle base salary $875,000; CFO Roy Halyama $450,000, effective Oct 28, 2025.
Burke & Herbert Q3 net income $29.7M, EPS $1.97 flat QoQ; declares $0.55 dividend
Diluted EPS of $1.97, net income $29.7M, unchanged from Q2 2025.
BHRB Q2 net income $29.7M, EPS $1.97, declares $0.55 dividend
Net income applicable to common shares $29.7M, diluted EPS $1.97, up from $27.0M ($1.80) in Q1 2025.
Shareholders reelect 15 directors and ratify Crowe LLP as auditor at 2025 annual meeting
All 15 director nominees elected with votes for ranging from 7.20M to 7.39M; broker non-votes of ~3.31M on each.
Burke & Herbert Q1 EPS $1.80, net income $27.0M; declares $0.55 dividend, authorizes $50M buyback
Q1 net income $27.0M ($1.80 diluted EPS) vs Q4 2024 $19.6M ($1.30); adjusted EPS $1.77.
Burke & Herbert appoints Kip Huffman as SVP and Chief Accounting Officer
Huffman, CPA, appointed CAO effective April 21, 2025; brings nearly 20 years of accounting experience.
Burke & Herbert CAO Julie Markwood to depart Apr 2; Kirtan Parikh remains interim CAO
Julie Markwood, CAO since 2005 and 37-year employee, unable to resume duties after medical leave.
Burke & Herbert appoints Robert Hintelmann as EVP and Chief Credit Officer effective March 17
Robert V. "Cedar" Hintelmann Jr. appointed EVP and Chief Credit Officer.
Burke & Herbert corrects 2025 annual meeting date to Thursday, May 22
Annual meeting set for Thursday, May 22, 2025 at 8:00 a.m. ET, corrected from Tuesday.
Director Jason Kitzmiller to not stand for re-election; 2025 annual meeting set for May 22
Jason A. Kitzmiller will not stand for re-election at the 2025 Annual Meeting; he continues until his term expires.
Burke & Herbert Q4 adj. EPS $1.77, GAAP EPS $1.30; FY adj. EPS $7.01
Q4 net income applicable to common shares $19.6M; adj. operating net income $26.6M.
Chief Accounting Officer Julie Markwood on medical leave; Kirtan Parikh named interim CAO
Julie R. Markwood, Chief Accounting Officer, is taking temporary medical leave effective Dec 3, 2024.
BHRB Chief Credit Officer to retire Dec 31; anticipates separation agreement
Jeffrey A. Welch, Chief Credit Officer of Burke & Herbert Bank, to retire effective Dec 31, 2024.
Burke & Herbert Q3 EPS $1.82; declares $0.55 dividend, up 3.8% QoQ
Net income $27.4M ($1.82 diluted EPS); adjusted net income $29.8M ($1.98 diluted EPS).
Burke & Herbert reports Q2 GAAP net loss of $17.1M; adjusted EPS $2.04 on $397M merger
Net loss of $17.1M ($1.41 diluted loss per share); adjusted operating net income of $25.0M ($2.04 diluted EPS).
Burke & Herbert shareholders approve doubling authorized common stock to 40M shares
Shareholders voted 9,948,922 for, 1,025,871 against to amend Articles, increasing authorized shares from 20M to 40M.
Burke & Herbert posts pro forma combined results after Summit merger completion
Pro forma total assets $8.22B, deposits $6.73B, net loans $5.59B as of March 31, 2024.
Burke & Herbert pro forma shows combined assets $8.2B, Q1 2024 net income $29.3M post-Summit merger
Total pro forma assets $8.196B, loans $5.558B, deposits $6.731B as of March 31, 2024.
ch of Burke & Herbert and Burke & Herbert Bank, effective as of the Effective Time, took such actions as necessary to appoint the LNKB Continuing Directors and the LINKBANK Continuing Directors.
ch of Burke & Herbert and Burke & Herbert Bank, effective as of the Effective Time, took such actions as necessary to appoint the LNKB Continuing Directors and the LINKBANK Continuing Directors.
ch of Burke & Herbert and Burke & Herbert Bank, effective as of the Effective Time, took such actions as necessary to appoint the LNKB Continuing Directors and the LINKBANK Continuing Directors.
ch of Burke & Herbert and Burke & Herbert Bank, effective as of the Effective Time, took such actions as necessary to appoint the LNKB Continuing Directors and the LINKBANK Continuing Directors.
ch of Burke & Herbert and Burke & Herbert Bank, effective as of the Effective Time, took such actions as necessary to appoint the LNKB Continuing Directors and the LINKBANK Continuing Directors.
ch of Burke & Herbert and Burke & Herbert Bank, effective as of the Effective Time, took such actions as necessary to appoint the LNKB Continuing Directors and the LINKBANK Continuing Directors.
On April 21, 2025, Burke & Herbert Financial Services Corp. (the “Company”) announced the appointment of Patrick “Kip” Huffman, CPA, as Senior Vice President and Chief Accounting Officer.
Accordingly, and with deep regret, Ms. Markwood’s employment will cease effective April 2, 2025.
On January 23, 2025, Jason A. Kitzmiller, a member of the Board of Directors (the “Board”) of Burke & Herbert Financial Services Corp. (the “Company”) provided notice of his decision to not stand for re-election at the Company’s 2025 Annual Shareholder’s Meeting (the “2025 Annual Meeting”).
Jeffrey A. Welch, Chief Credit Officer for Burke & Herbert Bank & Trust Company (the “Bank”), a wholly owned subsidiary of Burke & Herbert Financial Services Corp. (the “Company”), has notified the Company of his intention to retire effective December 31, 2024.
Max materiality 0.80 · Median 0.55 · Most common event earnings