Burke & Herbert Financial Services Corp. · NASDAQ:BHRB
Burke & Herbert Financial Services — Q4 2025 Earnings Presentation
19 slides from Burke & Herbert Financial Services's earnings presentation, January 2026
Slide 1: 4Q25 Update (Nasdaq: BHRB)
4Q25 Update (Nasdaq: BHRB) January 2026 1
Slide 2: Cautionary Statement Regarding Forward-Looking Information
Cautionary Statement Regarding Forward-Looking Information Cautionary Note Regarding Forward Looking Statements This presentation includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, a
Slide 3: Cautionary Statement Regarding Forward-Looking Information
Cautionary Statement Regarding Forward-Looking Information Non-GAAP Financial Measures This presentation contains certain financial measures determined by methods other than in accordance with accounting principles generally accepted in the United States of America (“GAAP”). Such non-GAAP financial
Slide 4: Introduction
Introduction • Thank you for your interest in Burke & Herbert Financial Services Corp., and its wholly owned subsidiary Burke & Herbert Bank & Trust Company. As a community banking institution, we are headquartered in Old Town Alexandria, Virginia, and have served the banking, borrowing and investin
Slide 5: Overview
Overview 173 Years Providing Service Beyond Expectations More than 75 locations across 5 states Total Assets $7.9 Billion Headquarters: Alexandria, VA Corporate Centers: Kingstowne, VA Moorefield, WV Total Gross Loans $5.4 Billion Total Deposits $6.4 Billion Return on Average Assets 1.49% Return on
Slide 6: Core Values
Core Values Serve & Lead Deliver More Driven by our values, we We are dedicated to serving our customers and our teams, leading We're driven to go above and beyond, continually innovating and improving with quiet confidence and integrity to endeavor to be your on how we deliver the best possible ins
Slide 7: Investment Strategy
Investment Strategy Future Growth and Innovation – • Oldest continuously operated bank in Virginia with 170+ years of trust Three Pillars of our Strategic Plan Unmatched Legacy & • Multi-generational customer relationships, deeply imbedded in the community Reputation • Publicly traded, yet maintains
Slide 8: 4Q25 At a Glance
4Q25 At a Glance Highlights Built for the Long-Term Loan to Deposit Ratio $30.3 million • Our objective is to build and maintain a fortress 84.1% Net Income balance sheet Uninsured Deposit % - Maintain credit discipline through the cycle $1.98 32.1% Diluted Earnings per Share (EPS) - Ensure proper a
Slide 9: Loan Portfolio as of 4Q25 ($ in 000s)
Loan Portfolio as of 4Q25 ($ in 000s) Residential Commercial Real Estate Category $ by Asset Class % by Asset Class $1,127,684 Retail Real Estate $ 627,887 23% Office Bldgs. / Condos 528,450 19% Commercial Real Multi-Family 428,197 15% Estate Hotels / Motels 352,166 13% $2,769,287 Loans, gross Indus
Slide 10: Security Portfolio as of 4Q25 ($ in 000s)
Security Portfolio as of 4Q25 ($ in 000s) Net Unrealized Asset-Backed Other Category Amortized Cost WA Yield Losses Non-Agency $53,466 $31,308 U.S Treasury & Agency $150,124 U.S. Treasury & Agency $ 8,964 $ 159,088 1.34% CMBS $111,109 Municipal 54,530 977,104 3.15% Agency CMBS Agency RMBS 2,346 57,7
Slide 11: Funding Sources as of 4Q25 ($ in 000s)
Funding Sources as of 4Q25 ($ in 000s) Category Average Rate QTD Time Deposits & Demand (non-interest bearing) −% Other $1,007,666 Demand (non- interest) Demand (interest bearing) 2.07 % $1,336,380 Money Market & Savings 1.94 % Brokered CDs Brokered CDs & Time Deposits 3.23 % $64,410 Total Interest-
Slide 12: Capital Ratio Trends
Capital Ratio Trends 1 Common Equity Tier 1 Ratio Total Capital Ratio Capital Management 15.3% 15.4% 15.9% • We take a forward-looking, disciplined 14.8% 12.2% 12.8% 13.2% approach to capital management that 11.8% emphasizes acceptable risk-adjusted returns over the long-term • Our capital managemen
Slide 13: Asset Quality Trends
Asset Quality Trends Allowance Coverage Ratio NCOs / Average Loans (annualized) Credit Management in bps 1.22% 1.26% • Our objective is to maintain a moderate risk 1.20% 1.20% profile through the economic cycle • Credit risk management is embedded in our risk culture and in our decision-making 8.5 8
Slide 14: Final Thoughts
Final Thoughts • Our business model is built on customer service and is designed to consistently deliver top quartile returns relative to our peers • Our approach is concentrated on growing and deepening relationships across our businesses that meet our risk/return measures • We are focused on our s
Slide 15: Appendix: Income Statement and Per Share Information
Appendix: Income Statement and Per Share Information Dec. 31, Sept. 30, June 30, March 31, Dec. 31, Income Statement ($ in 000s) 2025 2025 2025 2025 2024 Income statement Interest income $ 111,140 $ 111,209 $ 111,858 $ 110,786 $ 112,793 Interest expense 36,218 37,439 37,625 37,799 42,083 Noninterest
Slide 16: Appendix: Balance Sheet Trends
Appendix: Balance Sheet Trends Dec. 31, Sept. 30, June 30, March 31, Dec. 31, Balance Sheet (at period end), $ in 000s 2025 2025 2025 2025 2024 Assets $ 7,920,626 $ 7,889,037 $ 8,053,084 $ 7,838,090 $ 7,812,185 Average interest-earning assets 7,363,743 7,308,536 7,248,238 7,171,931 7,273,770 Loans (
Slide 17: Appendix: Notes on Non-GAAP Financial Measures
Appendix: Notes on Non-GAAP Financial Measures Total Common Equity, Tangible Book Value & Tangible Assets: Tangible common equity measures are capital adequacy metrics that may be meaningful to the Company, as well as analysts and investors, in assessing the Company's use of equity and in facilitati
Slide 18: Appendix: Notes on Non-GAAP Financial Measures
Appendix: Notes on Non-GAAP Financial Measures Total Revenue: Total revenue is a non-GAAP measure and is derived from total interest income less total interest expense plus total non-interest income. We believe that total revenue is a useful tool to determine how the Company is managing its business
Slide 19: Appendix: Notes on Non-GAAP Financial Measures
Appendix: Notes on Non-GAAP Financial Measures Net Interest Margin: The interest income earned on certain earning assets is completely or partially exempt from federal income tax. As such, these tax-exempt instruments typically yield lower returns than taxable investments. To provide more meaningful
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