Burke & Herbert Financial Services Corp.
Close on Oct 19, 2026
- Market cap
- $1.28B
- P/E (TTM)
- 11.1
- Dividend yield
- 3.18%
About Burke & Herbert Financial Services
National Commercial Banks, SIC 6021
Burke & Herbert Financial Services Corp. is a bank holding company that operates through its subsidiary, Burke & Herbert Bank & Trust Company. The company provides a range of retail and commercial banking services alongside wealth and trust management. Its offerings include deposit accounts such as checking, savings, money market, and certificates of deposit, as well as treasury and cash management services. It originates various financing products, including commercial real estate loans, acquisition, construction and development loans, commercial and industrial loans, and residential mortgages. The company serves individuals, small to medium-sized businesses, professional corporations, and non-profit organizations.
The institution operates primarily in northern Virginia and West Virginia, maintaining more than 77 branch locations and commercial loan offices distributed across Delaware, Kentucky, Maryland, Virginia, and West Virginia. It employs 832 full-time equivalent workers and maintains an operations center and executive offices in Moorefield, West Virginia. The company is headquartered in Alexandria, Virginia.
Summary of the business section of Burke & Herbert Financial Services's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Burke & Herbert Financial Services Corp.
- Founded
- 1852
- Headquarters
- Alexandria, VA
- Address
- 100 S. Fairfax Street 22314
- Phone
- (703) 549-6600
- Website
- burkeandherbertbank.com
- Employees
- 832, Dec 31, 2025
- Industry
- National Commercial Banks
- Incorporated in
- Virginia
- Fiscal year ends
- December 31
- Auditor
- Crowe LLP, Washington, D.C.
Stock & identifiers
- Ticker
- BHRB
- Exchange
- Nasdaq
- Shares outstanding
- 20M, Aug 5, 2026
- Public float
- $777.62M, Jun 30, 2025
- Filer category
- Large accelerated filer
- Stock splits
- 40-for-1, Nov 15, 2022
- SEC CIK
- 1964333
- CUSIP
- 12135Y108
- ISIN
- US12135Y1082
- LEI
- 549300OS8C7J7ZWMNL70
- EIN
- 92-0289417
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| H. Charles Maddy Iii | President, Director | 87,321 |
| David P. Boyle | Chair & CEO, Director | 65,184 |
| Shannon Barrow Rowan | EVP, Wealth Services | 4,975 |
| Jennifer Palmer Schmidt | EVP, Chief Risk Officer | 4,592 |
| Lauren N. Kimlel | EVP, Retail Banking | 3,713 |
| Robert Victor Hintelmann Jr. | Chief Credit Officer | 8,550 |
| Patrick Kip Huffman | SVP, Chief Accounting Officer | 2,665 |
| Kirtan Parikh | EVP, Chief Financial Officer | 6,979 |
| Danyl R. Freeman | Chief Human Resources Officer | 10,790 |
| Robert S. Tissue | EVP, Balance Sheet Strategy | 62,915 |
| Bradford E. Ritchie | EVP, Chief Lending Officer | 25,827 |
| Angela R. Zirk | EVP, Chief Experience Officer | 5,215 |
| Carl D. Lundblad | EVP, Chief Operating Officer | 28,382 |
| Roy Eugene Halyama | EVP, Chief Financial Officer | 21,054 |
| Joseph Hager | Chief Operating Officer | 8,810 |
| Julie R. Markwood | Chief Accounting Officer | 9,347 |
| Georgette R. George | Director | 142,571 |
| David Wilson | Director | 73,327 |
| James P. Geary II | Director | 47,562 |
| Diane Poillon | Director | 4,128 |
| James Mason Burke | Director | 267,960 |
| Shawn Patrick McLaughlin | Director | 72,000 |
| Katherine Diane Bonnafe | Director | 8,200 |
| Julian Forrest Barnwell Jr. | Director | 412,963 |
| Mark Guthrie Anderson | Director | 28,700 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 David P. Boyle | $3.01M | $3.04M | $1.26M | $98 | $120 |
| FY2024 David P. Boyle | $2.87M | $3.36M | $2.28M | $95 | $113 |
| FY2023 David P. Boyle | $1.57M | $1.28M | $587.46K | $92 | $100 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of December 31, 2025, we had 832 full-time equivalent employees.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| May 1, 2026 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Jan 26, 2026 | Merger | Registration of securities for a merger or exchange offer (S-4) |
| May 3, 2024 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Oct 2, 2023 | Merger | Registration of securities for a merger or exchange offer (S-4) |
| Feb 28, 2023 | Spin-off | Registration as a new public company (Form 10), e.g. spin-off |