Burke & Herbert Q2 FY26 net income drops 68.81% to $9.26 million
BHRB•Quarterly earnings and margins
- Burke & Herbert Financial Services posted Q2 net income applicable to common shares of USD 9.26 million, down from USD 29.67 million a year earlier.
- Net interest income climbed to USD 93.04 million, up from USD 74.23 million; net interest margin edged down 2 basis points to 4.15%.
- Non-interest expense surged to USD 93.51 million from USD 49.31 million, pushing the efficiency ratio up to 87.48% from 56.6%.
Balance sheet and asset quality
- Total deposits rose to USD 8.97 billion from USD 6.39 billion, while gross loans increased to USD 8.0 billion from USD 5.39 billion.
- Non-performing assets totaled USD 98.24 million; the allowance coverage ratio was 1.18% and the bank remained “well capitalized” at June 30, 2026.
