Revenue: As of FY2025, the actual value is USD 186.5 M.

EPS: As of FY2025, the actual value is USD 0.9, missing the estimate of USD 1.05.

EBIT: As of FY2025, the actual value is USD -61.69 M.

Overall Financial Position

• Total Consolidated Assets: $3.07 billion as of December 31, 2025, an increase of $191.2 million (6.7%) from $2.88 billion at December 31, 2024.
• Total Loans: $2.56 billion as of December 31, 2025.
• Total Deposits: $2.55 billion as of December 31, 2025.
• Total Consolidated Shareholders’ Equity: $306.4 million as of December 31, 2025.

Key Accomplishments (Year Ended December 31, 2025)

• Total deposits grew from $2.36 billion at December 31, 2024 to $2.55 billion at December 31, 2025, representing a growth rate of 8.23%.
• Total loans held for investment increased by 13.34%, from $2.26 billion at December 31, 2024 to $2.56 billion at December 31, 2025.
• Total nonperforming assets were maintained at 0.79% of total assets at December 31, 2025.

Loan Portfolio Composition (as of December 31, 2025)

• Agriculture loans: $61,611 thousand (2.41% of total loans).
• Construction loans: $172,917 thousand (6.76% of total loans).
• Commercial & industrial loans: $275,824 thousand (10.79% of total loans).
• Commercial real estate loans: $1.56 billion (61.1% of total loans), including Multifamily at $244,554 thousand (9.57%), Owner occupied at $545,837 thousand (21.35%), and Non-owner occupied at $771,537 thousand (30.18%).
• Residential real estate loans: First liens at $377,108 thousand (14.75%) and Second liens at $87,051 thousand (3.41%).
• Consumer and other loans: $17,062 thousand (0.67% of total loans).
• Municipal loans: $2,767 thousand (0.11% of total loans).
• Total Loans: $2,556,268 thousand.
• Deferred fees: $461 thousand.
• Allowance for loan losses: - $31,674 thousand.
• Net loans: $2,525,055 thousand.

Loan Growth (December 31, 2025 vs. December 31, 2024)

• Total Loans: Increased by $301,164 thousand (13.35%).
  • Agriculture loans: Decreased by - $6,130 thousand (-9.05%).
  • Construction loans: Increased by $20,298 thousand (13.30%).
  • Commercial loans: Increased by $29,991 thousand (12.20%).
  • Commercial real estate multifamily: Increased by $32,776 thousand (15.48%).
  • Commercial real estate owner occupied: Increased by $68,095 thousand (14.25%).
  • Commercial real estate non-owner occupied: Increased by $143,300 thousand (22.81%).
  • Residential real estate first liens: Increased by $3,639 thousand (0.97%).
  • Residential real estate second liens and lines of credit: Increased by $10,338 thousand (13.48%).
  • Consumer and other loans: Decreased by - $24 thousand (-0.14%).
  • Municipal loans: Decreased by - $1,119 thousand (-28.80%).
• Allowance for credit losses: Increased by $5,239 thousand (19.82%).

Loan Portfolio by Interest Rate Type (as of December 31, 2025)

• Fixed interest rates: $939,385 thousand (36.8% of loan portfolio).
• Floating interest rates: $1,616,883 thousand (63.2% of loan portfolio).

Non-Accrual Loans (as of December 31, 2025)

• Total non-accrual loans: $24,143 thousand (0.94% of total loans), up from $16,679 thousand (0.74% of total loans) at December 31, 2024.
  • Agriculture loans: $818 thousand (1.33% of category).
  • Construction loans: $497 thousand (0.29% of category).
  • Commercial & industrial: $5,983 thousand (2.17% of category).
  • Commercial real estate multifamily: $502 thousand (0.21% of category).
  • Commercial real estate owner occupied: $5,632 thousand (1.03% of category).
  • Commercial real estate non-owner occupied: $330 thousand (0.04% of category).
  • Residential real estate first liens: $9,920 thousand (2.63% of category).
  • Residential real estate second liens: $461 thousand (0.53% of category).
• Ratio of allowance for loan losses to total loans: 1.24% at December 31, 2025, up from 1.17% at December 31, 2024.
• Ratio of allowance for loan losses to non-accrual loans: 131.19% at December 31, 2025, down from 158.49% at December 31, 2024.

Provision for Credit Losses (Year Ended December 31, 2025 vs. 2024)

• Total provision for credit losses: $8,169 thousand for 2025, compared to $257 thousand for 2024.
  • This includes $7.6 million for loans, $650 thousand for unfunded commitments, and a provision reversal of - $68 thousand on held-to-maturity securities.
• Net (charge-offs) recoveries: - $2,348 thousand for 2025, compared to - $274 thousand for 2024, with non-owner occupied CRE net charge-offs including a - $2.0 million charge-off on a PCD loan in 2025.

Deposit Composition (as of December 31, 2025)

• Demand, noninterest-bearing: $603,728 thousand (23.63%).
• Demand, interest-bearing: $658,523 thousand (25.78%).
• Money market and savings: $617,534 thousand (24.17%).
• Time deposits, $250 thousand and over: $210,105 thousand (8.22%).
• Time deposits, other: $429,862 thousand (16.83%).
• Brokered time deposits: $35,000 thousand (1.37%).
• Total Deposits: $2,554,752 thousand.
• Core deposits: $2.31 billion (90.4% of total deposits) as of December 31, 2025.

Deposit Growth (December 31, 2025 vs. December 31, 2024)

• Total deposits: Increased by $194,170 thousand (8.2%).
  • Demand, noninterest-bearing: Decreased by - $54,918 thousand (-8.3%).
  • Demand, interest-bearing: Increased by $133,350 thousand (25.4%).
  • Money market and savings: Increased by $77,504 thousand (14.4%).
  • Time deposits, $250 thousand and over: Increased by $45,204 thousand (27.4%).
  • Time deposits, other: Increased by $61,645 thousand (16.7%).
  • Brokered deposits: Decreased by - $68,615 thousand (-66.2%).

Cash Flow Activities (Year Ended December 31, 2025)

• Net cash provided by operating activities: $25,266 thousand.
• Net cash used in investing activities: - $380,098 thousand.
• Net cash provided by financing activities: $241,025 thousand.
• Net decrease in cash and cash equivalents: - $113,807 thousand.

Net Interest Income (Year Ended December 31, 2025 vs. 2024)

• Net interest income before provision for credit losses: Increased by $4.4 million (4.37%) to $104.3 million for 2025, from $99.9 million for 2024.
• Net interest margin: Decreased seven basis points to 3.81% for 2025, from 3.88% for 2024.

Non-Interest Income (Year Ended December 31, 2025 vs. 2024)

• Total non-interest income: Increased by $13.1 million to $21.9 million for 2025, from $8.9 million for 2024.
  • Gain on the New Jersey Branch Sale: $11.1 million.
  • Other income: Increased by $1.1 million, primarily due to a $918 thousand increase in swap fee income.
  • Gain on sale of loans: Increased by $449 thousand, primarily residential loans.

Non-Interest Expenses (Year Ended December 31, 2025 vs. 2024)

• Total non-interest expenses: Increased by $529 thousand (0.70%) to $75.4 million for 2025, from $74.9 million for 2024.
  • Salaries and employee benefits: Increased by $2.1 million due to increased incentive compensation accruals.
  • Equipment and data processing: Increased by $615 thousand.
  • FDIC insurance and supervisory fees: Decreased by - $566 thousand.
  • Amortization of intangibles: Decreased by - $487 thousand.
  • Occupancy costs: Decreased by - $444 thousand.

Capital Resources and Liquidity (as of December 31, 2025)

• FHLB borrowings: $115.0 million outstanding, with remaining available capacity of approximately $682.9 million.
• Subordinated debt: Carrying value of $62.3 million.
• Uninsured deposits: $954.9 million, including $56.9 million of municipal deposits fully secured by pledged securities.
• Available borrowing capacity: Total of $783,013 thousand, including FHLB, Federal Reserve Bank Discount Window, and Correspondent Banks.

Outlook / Guidance

LINKBANCORP, Inc. is merging with Burke & Herbert Financial Services Corp. (BHRB), where BHRB will be the surviving corporation and LINKBANK will merge into Burke & Herbert Bank & Trust Company. The merger agreement has been unanimously approved by both boards of directors, and LINKBANCORP shareholders will receive 0.1350 of a BHRB common stock share for each of their shares. If the merger is not completed, LINKBANCORP, Inc. expects to be subject to consolidated holding company regulatory capital requirements starting January 1, 2027.