Burke & Herbert Bank & Trust Company
Burke & Herbert Bank & Trust Company reported total assets of $11.0 bn at Q2 2026, up 36.7% from a year earlier. That ranks 148th among 497 banks reporting this metric (1 = highest). Its common equity tier 1 ratio was 13.32%, and an estimated 35.09% of domestic deposits were uninsured. Source: FDIC Call Report data, cross-checked against FFIEC filings.
- Net loans and leases: up 48.2% on Q1 2026, to $7.9 bn
- Bank equity capital: up 42.1% on Q1 2026, to $1.3 bn
- Total deposits: up 42.0% on Q1 2026, to $9.0 bn
Ranks compare banks in our US coverage that report each metric. Sparklines: the last ten years. Source: FDIC BankFind Suite (Call Report data), cross-checked against FFIEC Call Report filings. Calculations: EconoMonitor.
Overview
What stands out about Burke & Herbert Bank & Trust Company?
Its largest one-quarter change in total assets since Q1 2016 was +111.2% between Q1 2024 and Q2 2024, when it absorbed Summit Community Bank, Inc. Against its six size peers, its return on equity (ROE) stands out most: 8.92% at Q2 2026, below the peer median of 22.04%. By return on equity (ROE) it moved from 162nd to 385th among 500 banks between Q1 2026 and Q2 2026 (1 = highest).
How large is Burke & Herbert Bank & Trust Company?
At Q2 2026 the bank held $11.0 bn of assets. Deposits were $9.0 bn and net loans and leases $7.9 bn, a loan-to-deposit ratio of 87.89%. Securities of $2.0 bn made up 17.9% of assets.
Total assets rose 305.9% between Q1 2016 and Q2 2026, from $2.7 bn.
How much of its funding is uninsured?
An estimated 35.09% of domestic deposits were above the FDIC insurance limit at Q2 2026, +2.59 pp from the previous quarter and +4.40 pp from a year earlier. That share ranks 249th among 500 banks reporting this metric (1 = highest).
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total assets | $11.0 bn | +36.7% | 148th of 497 |
| Total deposits | $9.0 bn | +40.7% | 149th of 499 |
| Net loans and leases | $7.9 bn | +43.1% | 144th of 500 |
| Bank equity capital | $1.3 bn | +51.0% | 149th of 498 |
| Common equity tier 1 (CET1) ratio | 13.32% | -0.66 pp | 206th of 448 |
| Tier 1 leverage ratio | 12.26% | +0.75 pp | 87th of 500 |
| Return on equity (ROE) | 8.92% | -6.14 pp | 385th of 500 |
| Net interest margin | 4.20% | -0.05 pp | 102nd of 500 |
| Uninsured share of domestic deposits | 35.09% | +4.40 pp | 249th of 500 |
| Noncurrent loans to total loans | 1.19% | -0.34 pp | 394th of 500 (1 = lowest) |
| Net charge-offs to average loans | 0.04% | -0.05 pp | 177th of 500 (1 = lowest) |
US rank: rank among the banks in our coverage reporting each metric, 1 = highest unless marked 1 = lowest.
Balance sheet
Total assets, deposits and net loans, quarterly, Q1 2016 to Q2 2026. Dashed amber lines mark the mergers and acquisitions listed under Mergers and acquisitions.
- Total assets $11.0bn
- Deposits $9.0bn
- Net loans $7.9bn
Capital and securities
The common equity tier 1 (CET1) ratio was 13.32% at Q2 2026, -0.66 pp from a year earlier. Since Q1 2016 it has ranged from 12.40% (Q2 2024) to 18.23% (Q3 2022). At Q2 2026 the tier 1 leverage ratio was 12.26% and the total risk-based capital ratio 14.31%. The median CET1 ratio of the size peers listed below was 15.73% at Q2 2026.
Available-for-sale securities showed an unrealized loss of $74.2 mn at Q2 2026; the loss narrowed by $34.3 mn from a year earlier.
Capital ratios
- Total capital 14%
- CET1 13%
- Tier 1 leverage 12%
Unrealized gains and losses on securities
- Available for sale -$74mn
- Held to maturity $0
Profitability and loan quality
Return on equity was 8.92% for the year to Q2 2026, annualized, with a return on assets of 1.06% and a net interest margin of 4.20%. The margin was -0.05 pp from a year earlier. The efficiency ratio, noninterest expense as a share of revenue as the FDIC defines it, was 64.26%. Net income for the year to Q2 2026 was $47.4 mn, down 26.5% on the same period a year earlier. The median return on equity of its size peers was 22.04% for the same period.
Noncurrent loans, those 90 days or more past due or no longer accruing interest, were 1.19% of total loans at Q2 2026. Net charge-offs for the year to date were 0.04% of average loans, annualized.
Profitability
- Return on equity 8.9%
- Net interest margin 4.2%
- Return on assets 1.1%
Compared with banks of similar size
The six banks ranked closest to Burke & Herbert Bank & Trust Company by total assets at Q2 2026, three above and three below where possible.
Among the seven banks in the table at Q2 2026, Burke & Herbert Bank & Trust Company is 4th by total assets. Its CET1 ratio of 13.32% compares with a peer median of 15.73%, its tier 1 leverage ratio of 12.26% compares with a peer median of 10.75%, and its return on equity of 8.92% compares with a peer median of 22.04%.
| Bank | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|
| Oriental Bank | $12.0 bn | 13.22% | 16.60% | 52.02% | |
| Farmers and Merchants Bank of Long Beach | $11.8 bn | 18.25% | 7.10% | 54.45% | |
| Beal Bank USA | $11.0 bn | 51.76% | 37.98% | 46.56% | |
| Burke & Herbert Bank & Trust Company | $11.0 bn | 13.32% | 8.92% | 35.09% | |
| WEX Bank | $10.7 bn | 12.70% | 51.92% | 13.80% | |
| Washington Trust Bank | $10.5 bn | 11.91% | 12.78% | 57.30% | |
| Charles Schwab Trust Bank | $10.5 bn | 79.60% | 27.48% | 5.38% | |
Q2 2026. Peer median (the six banks, excluding this one): CET1 15.73%, return on equity 22.04%. Source: FDIC BankFind Suite (Call Report data), cross-checked against FFIEC Call Report filings. Calculations: EconoMonitor.
Last eight quarters
Burke & Herbert Bank & Trust Company, as reported in its Call Reports.
From Q3 2024 to Q2 2026, total assets rose 39.8% to $11.0 bn, deposits rose 36.0% to $9.0 bn and bank equity capital rose 59.6% to $1.3 bn. Over the same period its full-time equivalent staff went from 857 to 1,051 and its offices went from 80 to 106.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $7.9 bn | $7.8 bn | $7.8 bn | $8.0 bn | $7.9 bn | $7.9 bn | $7.9 bn | $11.0 bn |
| Total deposits | $6.6 bn | $6.5 bn | $6.5 bn | $6.4 bn | $6.4 bn | $6.4 bn | $6.3 bn | $9.0 bn |
| Bank equity capital | $832.9 mn | $831.1 mn | $858.8 mn | $880.4 mn | $891.0 mn | $923.5 mn | $935.2 mn | $1.3 bn |
| Common equity tier 1 (CET1) ratio | 13.08% | 13.29% | 13.52% | 13.98% | 14.08% | 14.77% | 15.15% | 13.32% |
| Return on equity (ROE) | 7.09% | 8.78% | 14.68% | 15.06% | 15.26% | 15.17% | 13.65% | 8.92% |
| Uninsured share of domestic deposits | 30.23% | 29.54% | 29.67% | 30.70% | 31.51% | 32.10% | 32.50% | 35.09% |
| Full-time equivalent employees | 857 | 815 | 814 | 819 | 829 | 832 | 830 | 1,051 |
| Number of offices | 80 | 80 | 80 | 80 | 80 | 80 | 80 | 106 |
Source: FDIC BankFind Suite (Call Report data), cross-checked against FFIEC Call Report filings. Calculations: EconoMonitor.
Mergers and acquisitions
Figures before and after each event are not like for like.
- . Absorbed Summit Community Bank, Inc (FDIC certificate 34102).
- . Absorbed LINKBANK (FDIC certificate 14863).
Large one-quarter moves
- Total assets changed by +111.2% in the quarter to 2024-06-30: Merger -Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from Summit Community Bank, Inc.
- Total assets changed by +38.8% in the quarter to 2026-06-30: Merger -Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from LINKBANK.
Source: FDIC BankFind API, institution history. Moves of more than 25% in one quarter are checked against that history in our review.
Identifiers and sources
- FDIC certificate
- 11578
- Federal Reserve RSSD ID
- 933621
- Head office
- Alexandria, Virginia
- Holding company
- BURKE&HERBERT FINL SERVICES (as reported to the FDIC)
- Holding company RSSD ID
- 5756704
- EconoMonitor ID
- EMB-US-000216
Frequently asked questions
What were Burke & Herbert Bank & Trust Company's total assets?
$11.0 bn at Q2 2026, according to its Call Report as published by the FDIC. By total assets it ranks 148th among 497 banks reporting this metric (1 = highest).
Is Burke & Herbert Bank & Trust Company the same as its holding company?
No. This page covers the FDIC-insured bank (certificate 11578). Its holding company, BURKE&HERBERT FINL SERVICES (as reported to the FDIC), reports separately to the Federal Reserve and, if its shares are listed, to the SEC.
How often is this page updated?
Every quarter, after Burke & Herbert Bank & Trust Company files its Call Report and the FDIC publishes it. This page shows Q2 2026, loaded on 19 October 2026; any sentence that uses an earlier quarter names it.
Where can I check these numbers?
In the FDIC BankFind Suite record for certificate 11578, and in the Call Reports filed under RSSD ID 933621 at the FFIEC Central Data Repository.
Sources and definitions
Definitions, Call Report fields and formulas for each metric: Bank equity capital, Uses community bank leverage ratio framework, Common equity tier 1 (CET1) ratio, Deposits in domestic offices, Efficiency ratio, Full-time equivalent employees, Loan-to-deposit ratio, Total loans and leases (gross), Net loans and leases, Net charge-offs to average loans, Net income (year to date), Net interest margin, Noncurrent loans to total loans, Number of offices, Return on assets (ROA), Return on equity (ROE), Available-for-sale securities (amortized cost), Available-for-sale securities (fair value), Held-to-maturity securities (amortized cost), Held-to-maturity securities (fair value), Total securities, Tier 1 leverage ratio, Total assets, Total deposits, Total equity capital, Total risk-based capital ratio, Uninsured share of domestic deposits, Estimated uninsured deposits, Unrealized gain/loss on available-for-sale securities, Unrealized gain/loss on held-to-maturity securities.
Checks for this release: Check A (database against the FDIC download) passed, Check B (FDIC against FFIEC Call Report filings) passed.
Source: FDIC BankFind Suite (Call Report data). EconoMonitor is not affiliated with or endorsed by the FDIC. FDIC BankFind Suite API.
Source: FFIEC Central Data Repository (Call Reports). EconoMonitor is not affiliated with or endorsed by the FFIEC. FFIEC Central Data Repository, Public Data Distribution.
Data and analysis only, not financial advice. The FDIC and the FFIEC do not endorse EconoMonitor. See the disclaimer and methodology.