Burke & Herbert Financial Services Corp.

Burke & Herbert Financial Services Corp. is the bank holding company for Burke & Herbert Bank & Trust Company. It provides a wide range of community banking products and services across the United States. The company offers consumer and commercial deposit products, including digital banking, demand deposit accounts, negotiable order of withdrawal accounts, money market accounts, savings accounts, and certificates of deposit. On the lending side, it provides commercial real estate loans, single family residential loans, owner-occupied commercial real estate loans, commercial and industrial loans, residential mortgage loans, consumer non-real estate loans, and acquisition, construction, and development loans. Additionally, the company offers cash management services, wealth and trust services, investment services, and treasury management solutions. Its treasury management suite includes digital banking, payables, receivables, risk management, automated cash flow services, enhanced reporting, automated clearing house, wires, remote deposit capture, bill pay, lockbox, credit and debit cards, merchant services, fraud protection, and deposit and loan sweeps.

Burke & Herbert Financial Services Corp. is listed on the Nasdaq Capital Market (NasdaqCM) under the ticker symbol BHRB. All trading and financial reporting for the company is conducted in US Dollars (USD). As a US-based financial institution, its stock is traded in USD, and its financial statements are denominated in the same currency. The NasdaqCM is a US stock exchange that lists many regional banks and financial services companies, providing liquidity and visibility for investors.

Burke & Herbert Financial Services Corp. operates in the Financial Services sector, specifically within the Banks - Regional industry. This classification indicates that the company is a regional bank, meaning it focuses on providing banking and financial services to local communities and businesses within specific geographic areas. As a regional bank, it offers a mix of consumer and commercial banking products, including deposits, loans, and treasury management services, similar to larger national banks but with a more localized approach. The company's primary subsidiary, Burke & Herbert Bank & Trust Company, has been serving customers since 1852, emphasizing community banking relationships.

Burke & Herbert Financial Services Corp. is headquartered in Alexandria, Virginia, United States. The company serves customers primarily in the United States, with a focus on community banking. Through its subsidiary, Burke & Herbert Bank & Trust Company, it provides banking products and services to individuals, small businesses, and commercial clients. While the company's operations are centered in the US, its specific geographic footprint is not detailed in the available data. However, as a regional bank, it likely concentrates on the Mid-Atlantic region, particularly Virginia and surrounding areas, given its long history in Alexandria since 1852.

Burke & Herbert Financial Services Corp. generates revenue primarily through its banking operations, including net interest income from loans and deposits, as well as non-interest income from fees and services. The company earns interest income from a diverse loan portfolio that includes commercial real estate loans, single family residential loans, owner-occupied commercial real estate loans, commercial and industrial loans, residential mortgage loans, consumer non-real estate loans, and acquisition, construction, and development loans. It also generates fee income from deposit accounts, cash management services, wealth and trust services, investment services, and treasury management solutions. Additional revenue comes from services such as digital banking, automated clearing house transactions, wires, remote deposit capture, bill pay, lockbox, credit and debit cards, merchant services, fraud protection, and deposit and loan sweeps. The company's long-standing presence since 1852 and focus on community banking relationships help sustain its revenue streams.