Burke & Herbert Financial Services Corp. (BHRB) Stock

Burke & Herbert Financial Services Corp. (BHRB) is a Financials stock trading at $71.06 (as of 2026-08-20), with a market capitalization of $1.43B and a trailing P/E of 14.8. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Burke & Herbert Financial Services Corp. (BHRB) is a bank holding company that provides banking products and financial services to small and medium-sized businesses, their owners and employees, professional corporations, non-profits, and individuals. Its lending is organized into commercial and consumer loan portfolio segments, including multiple commercial real estate and other categories.

Understand Burke & Herbert Financial Services Corp.: how it makes money

Burke & Herbert Financial Services Corp. is a bank holding company that provides banking products and financial services to small to medium-sized businesses, professional corporations, non-profits, owners and employees, and individuals, earning money through its loan portfolio across multiple commercial and consumer categories.

For a bank holding company, the core profit engine is turning deposits into earning loans, and its loan utilization is directly reflected in its Loan-to-Deposit Ratio metrics.

Business quality (Solid): The company reports a strong operating margin in the latest quarter, but the provided data does not include a segment revenue breakdown, so investors have less visibility into which loan categories are driving results.

Valuation: At 9× earnings, BHRB trades 30% below the Banking average (13×). Note: one-time items can distort reported P/E.

Bull case

Strong operating profitability: Latest quarter operating margin is 37.8%, indicating solid cost control relative to operating performance.
Loan deployment is measurable and has moved slightly higher: Loan-to-Deposit Ratio is 84.1% and Ending Loan-to-Deposit Ratio is 85.4%, suggesting slightly greater lending relative to deposits at quarter end.
Diversified lending across several loan portfolio categories: The bank operates across multiple loan segments, including Commercial Real Estate, Owner-Occupied Commercial Real Estate, Acquisition, Construction, and Development, Commercial and Industrial, Single Family Residential (1-4 Units), and Consumer Non-Real Estate and Other.

Bear case

Higher loan utilization can increase sensitivity to credit and funding conditions: With loan utilization implied by a high Loan-to-Deposit Ratio, adverse changes affecting the performance of its loan categories could weigh on results.
No segment revenue split provided in the available facts: Investors do not have a provided breakdown of performance by loan segment, which makes it harder to identify which areas are helping or hurting.

Valuation — source: SEC EDGAR (first-party)
Price	$71.06
Market Cap	$1.43B
P/E Ratio	14.8
EV / EBITDA	14.0
Price / Book	1.19
Price / Sales	3.64
FCF Yield	6.0%
DCF Value (model)	$140.67
DCF Upside vs Price	98.0%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$382.79M
Net Margin	30.6%
Revenue Growth (YoY)	20.6%
EPS Growth (YoY)	-74.7%
FCF Growth (YoY)	-44.5%

Valuation vs Sector & Industry
Stock P/E	14.8
Sector P/E (Financials)	15.1
Industry P/E (Banking)	12.9
vs Sector	-2.3%
vs Industry	14.4%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	BlackRock, Inc. ($61.22M)
Institutional Holders Tracked	10

Company
Sector	Financials
Industry	Banking
CEO	David Boyle
Employees	814
Country	US
IPO Date	2003-10-07

Related Companies (Business model: Universal / Commercial Bank; 8 closest by market cap; US-domiciled)

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.