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Side-by-side financial comparison of Burke & Herbert Financial Services Corp. (BHRB) and CAMDEN NATIONAL CORP (CAC). Click either name above to swap in a different company.
Burke & Herbert Financial Services Corp. is the larger business by last-quarter revenue ($86.5M vs $64.3M, roughly 1.3× CAMDEN NATIONAL CORP). Burke & Herbert Financial Services Corp. runs the higher net margin — 34.9% vs 34.0%, a 0.9% gap on every dollar of revenue. Over the past eight quarters, Burke & Herbert Financial Services Corp.'s revenue compounded faster (81.1% CAGR vs 22.6%).
Burke & Herbert Financial Services Corp is a U.S.-based regional financial holding company, offering personal and commercial banking, wealth management, residential mortgage lending, and small business financing services. Its core market covers Virginia and adjacent Mid-Atlantic regions, serving retail consumers, SMEs, and high-net-worth clients.
Camden National Bank is a commercial bank headquartered in Camden, Maine, operating as the principal subsidiary of Camden National Corporation, a publicly traded bank holding company. Founded in 1875, the bank became a direct, wholly owned subsidiary of the holding company following a corporate reorganization in 1984. Following the 2025 merger with Northway Financial, the combined institution has approximately $7.0 billion in assets.
BHRB vs CAC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $86.5M | $64.3M |
| Net Profit | $30.2M | $21.9M |
| Gross Margin | — | — |
| Operating Margin | 43.8% | — |
| Net Margin | 34.9% | 34.0% |
| Revenue YoY | 4.9% | — |
| Net Profit YoY | 52.8% | -3.0% |
| EPS (diluted) | $1.98 | $1.29 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $64.3M | ||
| Q4 25 | $86.5M | $68.1M | ||
| Q3 25 | $85.4M | $65.4M | ||
| Q2 25 | $87.1M | $62.3M | ||
| Q1 25 | $83.0M | $60.1M | ||
| Q4 24 | $82.5M | $47.6M | ||
| Q3 24 | $83.8M | $45.0M | ||
| Q2 24 | $69.3M | $42.8M |
| Q1 26 | — | $21.9M | ||
| Q4 25 | $30.2M | $22.6M | ||
| Q3 25 | $30.0M | $21.2M | ||
| Q2 25 | $29.9M | $14.1M | ||
| Q1 25 | $27.2M | $7.3M | ||
| Q4 24 | $19.8M | $14.7M | ||
| Q3 24 | $27.6M | $13.1M | ||
| Q2 24 | $-16.9M | $12.0M |
| Q1 26 | — | — | ||
| Q4 25 | 43.8% | 41.5% | ||
| Q3 25 | 43.3% | 40.5% | ||
| Q2 25 | 42.7% | 28.5% | ||
| Q1 25 | 39.6% | 10.3% | ||
| Q4 24 | 24.6% | 38.7% | ||
| Q3 24 | 39.2% | 35.2% | ||
| Q2 24 | -27.5% | 34.7% |
| Q1 26 | — | 34.0% | ||
| Q4 25 | 34.9% | 33.1% | ||
| Q3 25 | 35.1% | 32.4% | ||
| Q2 25 | 34.3% | 22.6% | ||
| Q1 25 | 32.8% | 12.2% | ||
| Q4 24 | 24.0% | 30.8% | ||
| Q3 24 | 33.0% | 29.1% | ||
| Q2 24 | -24.4% | 28.0% |
| Q1 26 | — | $1.29 | ||
| Q4 25 | $1.98 | $1.33 | ||
| Q3 25 | $1.97 | $1.25 | ||
| Q2 25 | $1.97 | $0.83 | ||
| Q1 25 | $1.80 | $0.43 | ||
| Q4 24 | $1.72 | $1.00 | ||
| Q3 24 | $1.82 | $0.90 | ||
| Q2 24 | $-1.41 | $0.81 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | — | $514.4M |
| Stockholders' EquityBook value | $854.6M | $710.0M |
| Total Assets | $7.9B | $7.0B |
| Debt / EquityLower = less leverage | — | 0.72× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $514.4M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $710.0M | ||
| Q4 25 | $854.6M | $696.6M | ||
| Q3 25 | $822.2M | $676.4M | ||
| Q2 25 | $780.0M | $652.1M | ||
| Q1 25 | $758.0M | $640.1M | ||
| Q4 24 | $730.2M | $531.2M | ||
| Q3 24 | $738.1M | $529.9M | ||
| Q2 24 | $693.1M | $508.3M |
| Q1 26 | — | $7.0B | ||
| Q4 25 | $7.9B | $7.0B | ||
| Q3 25 | $7.9B | $7.0B | ||
| Q2 25 | $8.1B | $6.9B | ||
| Q1 25 | $7.8B | $7.0B | ||
| Q4 24 | $7.8B | $5.8B | ||
| Q3 24 | $7.9B | $5.7B | ||
| Q2 24 | $7.8B | $5.7B |
| Q1 26 | — | 0.72× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $107.9M | — |
| Free Cash FlowOCF − Capex | $96.2M | — |
| FCF MarginFCF / Revenue | 111.2% | — |
| Capex IntensityCapex / Revenue | 13.5% | — |
| Cash ConversionOCF / Net Profit | 3.57× | — |
| TTM Free Cash FlowTrailing 4 quarters | $164.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $107.9M | $63.9M | ||
| Q3 25 | $39.3M | $36.1M | ||
| Q2 25 | $41.0K | $6.0M | ||
| Q1 25 | $37.6M | $1.0M | ||
| Q4 24 | $85.8M | $60.9M | ||
| Q3 24 | $47.8M | $-14.5M | ||
| Q2 24 | $-46.0M | $14.5M |
| Q1 26 | — | — | ||
| Q4 25 | $96.2M | $58.2M | ||
| Q3 25 | $35.4M | $35.4M | ||
| Q2 25 | $-3.4M | $4.5M | ||
| Q1 25 | $35.9M | $-727.0K | ||
| Q4 24 | $81.2M | $55.4M | ||
| Q3 24 | $46.0M | $-16.2M | ||
| Q2 24 | $-47.0M | $13.2M |
| Q1 26 | — | — | ||
| Q4 25 | 111.2% | 85.5% | ||
| Q3 25 | 41.5% | 54.1% | ||
| Q2 25 | -3.9% | 7.3% | ||
| Q1 25 | 43.2% | -1.2% | ||
| Q4 24 | 98.5% | 116.4% | ||
| Q3 24 | 55.0% | -36.0% | ||
| Q2 24 | -67.8% | 30.8% |
| Q1 26 | — | — | ||
| Q4 25 | 13.5% | 8.4% | ||
| Q3 25 | 4.5% | 1.1% | ||
| Q2 25 | 3.9% | 2.4% | ||
| Q1 25 | 2.1% | 2.9% | ||
| Q4 24 | 5.5% | 11.7% | ||
| Q3 24 | 2.1% | 3.8% | ||
| Q2 24 | 1.5% | 3.0% |
| Q1 26 | — | — | ||
| Q4 25 | 3.57× | 2.83× | ||
| Q3 25 | 1.31× | 1.70× | ||
| Q2 25 | 0.00× | 0.43× | ||
| Q1 25 | 1.38× | 0.14× | ||
| Q4 24 | 4.33× | 4.15× | ||
| Q3 24 | 1.73× | -1.11× | ||
| Q2 24 | — | 1.21× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BHRB
Segment breakdown not available.
CAC
| Net Interest Income | $52.4M | 81% |
| Noninterest Income | $12.0M | 19% |
