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Burke and Herbert Bank and Trust Company

Alexandria, VA · Cert 11578 · Burke&Herbert Finl Services

State charter, Fed member · FED · 105 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks over $10B in assets3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks over $10B in assets (n=142 to 144). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

59

Q2 2024Q2 2026peer median (50)

Asset Quality

53

Q2 2024Q2 2026peer median (50)

Profitability

27

Q2 2024Q2 2026peer median (50)

Liquidity

72

Q2 2024Q2 2026peer median

Efficiency

12

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-10

Burke and Herbert Bank and Trust Company

Alexandria, VA · Cert 11578 · Burke&Herbert Finl Services

State charter, Fed member · FED · 105 branches

Q2 2026

$11.0BAssets
$8.0BLoans
$9.0BDeposits
$1.3BEquity
Loan mix
91%RE $4.9B9%C&I $0.5B1%Consumer $0.0BQ2 2025Q2 2026
Deposit mix
77%Interest-bearing $6.9B23%Noninterest $2.1BQ2 2025Q2 2026

NIM

3.33%Q2 ’245.67%Q2 ’254.82%Q2 ’26+87%-12%

Non-interest income vs. expense

1.82%Q2 ’242.41%Q2 ’252.66%Q2 ’26+21%+19%

Market Position · Washington-Arlington-Alexandria, DC-VA-MD-WV · 2026 SOD (annual) · 1.4% share · #14 of 71 inst. · $4.2B of $301.4B

25.9% Alexandria (City)
1.2% Fairfax
16.0% Wicomico
56.1% Hardy

Executive Summary

  • Earnings: ROA of 1.06%, down 57 bps year over year; NIM at 3.45%.
  • Asset quality: problem loans at 1.19% of loans (-34 bps YoY), with net charge-offs at 0.03%.
  • Capital: tier 1 leverage ratio of 12.26%, up 75 bps from a year ago.
  • Funding: loans stand at 88.94% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.06%-57 bps YoY

Net Interest Margin (YTD, annualized)

3.45%-48 bps YoY

Efficiency Ratio (YTD, annualized)

64.26%+1,488 bps YoY

Tier 1 Leverage Ratio

12.26%+75 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.64%1.67%1.69%1.60%1.06%-57 bps
Return on Equity15.06%15.26%15.17%13.65%8.92%-614 bps
Net Interest Margin3.92%3.91%3.88%3.77%3.45%-48 bps
Efficiency Ratio49.38%48.51%48.41%52.14%64.26%+1,488 bps
Non-Interest Burden1.83%1.79%1.76%1.88%2.19%+35 bps
Growth
Asset Growth (YoY)2.99%0.19%1.25%1.08%36.67%+3,368 bps
Loan Growth (YoY)-0.50%-0.31%-5.05%-4.32%43.10%+4,359 bps
Deposit Growth (YoY)-4.01%-2.94%-1.72%-3.23%40.66%+4,466 bps
Asset Quality
Nonperforming Loans / Loans1.53%1.60%1.38%1.45%1.19%-34 bps
Net Charge-Offs / Loans0.09%0.06%0.05%0.01%0.03%-5 bps
Allowance / Loans1.20%1.22%1.26%1.26%1.18%-2 bps
Allowance Coverage of NPLs0.8x0.8x0.9x0.9x1.0x+0.2x
Capital
Tier 1 Leverage Ratio11.51%11.40%11.59%11.97%12.26%+75 bps
Total Risk-Based Capital15.08%15.20%15.92%16.29%14.31%-78 bps
Equity / Assets10.95%11.32%11.69%11.82%12.10%+115 bps
Liquidity & Funding
Loans / Deposits87.42%86.62%84.05%85.27%88.94%+152 bps
Liquid Assets / Assets3.23%0.97%2.98%0.20%0.48%-276 bps
CRE / Total Capitaln/a426%410%398%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-10

Burke and Herbert Bank and Trust Company

Alexandria, VA · Cert 11578 · Peer group: banks over $10B in assets (n=142-144) · Burke&Herbert Finl Services

State charter, Fed member · FED · 105 branches

Q2 2026

$11.0BAssets
$8.0BLoans
$9.0BDeposits
$1.3BEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 86% of banks over $10B in assets (rank 21 of 142).
  • Widest gap: return on assets trails 89% of banks over $10B in assets (rank 128 of 144).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

0.86%

Rank 128 of 144

Net Interest Margin

3.45%

Rank 61 of 144

Efficiency Ratio

69.02%

Rank 127 of 144

Equity / Assets

12.10%

Rank 49 of 144

Non-interest income vs. expense

$47.5M$267.4MINCOMEEXPENSE
Unfavorable gap of $219.9M · efficiency ratio beats 12% of banks over $10B in assets
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.86%1.00%1.26%1.54%Beats 11%128 / 144
Return on Equity7.13%8.98%11.34%14.40%Beats 13%125 / 144
Net Interest Margin3.45%2.82%3.31%3.68%Beats 58%61 / 144
Efficiency Ratio69.02%49.42%56.02%62.41%Beats 12%127 / 144
Asset Quality
Nonperforming Loans / Loans1.19%0.48%0.73%1.07%Beats 20%115 / 142
Net Charge-Offs / Loans0.02%0.05%0.11%0.22%Beats 86%21 / 142
Capital
Tier 1 Capital Ratio13.32%12.07%12.98%14.92%Beats 58%60 / 144
Total Risk-Based Capital Ratio14.31%13.39%14.14%16.25%Beats 54%66 / 144
Equity / Assets12.10%9.69%11.39%12.96%Beats 66%49 / 144
Liquidity & Funding
Loans / Deposits88.94%75.72%84.92%91.56%62nd pctl54 / 143
Loans / Assets72.85%59.83%69.07%74.80%64th pctl52 / 144
Brokered Deposits / Depositsn/aNot reported for this institution