Burke & Herbert reports Q2 EPS $1.97 vs.$2.04 last year

Reports Q2 net interest margin down to 4.17% versus 4.18% in Q1. Tangible book value per share was $45.73 from $44.17 at previous quarter end. Common Equity Tier 1 capital to risk-weighted asset and Total risk-based capital to risk-weighted asset ratios were 12.2%2 and 15.3%2, respectively. CEO David Boyle stated, “I’m pleased with our first half 2025 results and how our balance sheet is positioned. We’re successfully replacing non-strategic loans with assets that meet our relationship-based approach and maintaining ample liquidity, solid capital ratios, and adequate loss reserves. Our provision for credit losses reflects the confidence we have in our ability to manage and maintain asset quality metrics within our moderate risk appetite. We’re keeping our focus on expense management while we continue to invest for the future, including our planned expansion in Bethesda, Maryland, and in Fredericksburg and Richmond, Virginia. We are looking forward to a strong second half of 2025 by continuing to be a trusted advisor to our customers and delivering our full suite of products and services across our footprint. Regardless of market developments, we are committed to delivering increased value for our customers, employees, communities and shareholders.”