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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

$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

4.75%Q2 ’245.69%Q2 ’255.45%Q2 ’26+28%-2%

Non-interest income vs. expense

2.68%Q2 ’242.41%Q2 ’253.42%Q2 ’26-22%+65%

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 0.66%, down 103 bps year over year; NIM at 3.89%.
  • Asset quality: problem loans at 1.19% of loans (-34 bps YoY), with net charge-offs at 0.06%.
  • 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 (quarter, annualized)

0.66%-103 bps YoY

Net Interest Margin (quarter, annualized)

3.89%-6 bps YoY

Efficiency Ratio (quarter, annualized)

73.68%+2,526 bps YoY

Tier 1 Leverage Ratio

12.26%+75 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.69%1.74%1.73%1.60%0.66%-103 bps
Return on Equity15.41%15.60%15.00%13.65%5.54%-987 bps
Net Interest Margin3.95%3.92%3.91%3.77%3.89%-6 bps
Efficiency Ratio48.42%46.76%48.11%52.14%73.68%+2,526 bps
Non-Interest Burden1.76%1.70%1.75%1.88%2.90%+114 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%0.02%-0.01%0.01%0.06%-3 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