Burke & Herbert Financial Services Corp.BHRB
What Burke & Herbert Financial Services Corp. does.
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.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | — | $113.9M | $120.8M | $111.7M | $262.0M | $342.0M |
| Net income | — | $36.2M | $44.0M | $22.7M | $35.7M | $117.3M |
| Free cash flow | — | $53.9M | $38.0M | $28.3M | $81.2M | $96.2M |
More on BHRB.
- Burke & Herbert Financial Services Corp. summary
- Burke & Herbert Financial Services Corp. financial statements
- Burke & Herbert Financial Services Corp. key metrics
- Burke & Herbert Financial Services Corp. health scores and style box
- Burke & Herbert Financial Services Corp. earnings
- Burke & Herbert Financial Services Corp. dividends
- Burke & Herbert Financial Services Corp. valuation
- Burke & Herbert Financial Services Corp. ownership and insiders
- Burke & Herbert Financial Services Corp. peers
Figures from Burke & Herbert Financial Services Corp.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.