10-Q · November 7, 2025
LINKBANCORP reported Q3 2025 net income of $7,839 (in thousands) and diluted EPS of $0.21, up from $7,095 and $0.19 in Q3 2024. The quarter shows loan and deposit growth and a stronger balance sheet (cash and securities…
Earnings analysis · 10-K
LNKB earnings analysis
Filed March 12, 2026 · Our reading of the company's report
The latest report
LINKBANCORP describes a community-banking strategy focused on high-touch local relationship banking, core deposit and loan growth, and selective M&A. The 2025 filing highlights scale with $2.56 billion of loans and…
Read full summary
LINKBANCORP describes a community-banking strategy focused on high-touch local relationship banking, core deposit and loan growth, and selective M&A. The 2025 filing highlights scale with $2.56 billion of loans and $2.55 billion of deposits (13.34% and 8.23% growth YoY, respectively) and maintained asset quality (nonperforming assets 0.79% of total assets). Material strategic actions in 2025 include the March 31, 2025 sale of its New Jersey operations (AHFCU acquired $105.0 million loans and $87.1 million deposits) and a signed merger agreement dated December 18, 2025 to merge into Burke & Herbert (share exchange ratio 0.1350).
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Segment
- One operating segment — banking (the filing states 'we operate in only one segment').
What stood out
-
Loan growth to $2.56B
Total loans held for investment grew 13.34% from $2.26 billion at 12/31/2024 to $2.56 billion at 12/31/2025 (filing: Item 1 Business).
-
Deposit growth to $2.55B
Total deposits increased from $2.36 billion at 12/31/2024 to $2.55 billion at 12/31/2025, an 8.23% growth rate (filing: Item 1 Business).
-
Scale in commercial real estate
Commercial real estate and multi-family loans totaled $1.56 billion, representing 61.1% of total loans at 12/31/2025 (filing: 'Commercial Real Estate Lending').
-
High commercial loan mix
The Bank is predominantly commercial: approximately 81.17% of the portfolio is various types of commercial loans and 18.83% is residential/consumer/other as of 12/31/2025 (filing: 'Lending Activities').
-
Maintained low reported NPAs
The Company reports total nonperforming assets of 0.79% of total assets at 12/31/2025 (filing: 'Strategy and Recent Growth').
-
Completed NJ divestiture; pending merger
On 3/31/2025 the Bank sold New Jersey operations (AHFCU acquired $105.0 million in loans and $87.1 million in deposits; deposit premium 7% or $6.2 million; unamortized loan discounts of $6.7 million were taken into income) and on 12/18/2025 entered a Merger Agreement with Burke & Herbert with a shareholder exchange ratio of 0.1350 (filing: Item 1 Business).
What to watch
-
Very large CRE concentration vs. capital
The filing states non-owner-occupied commercial real estate (including construction, land and multifamily) represented 369.85% of total risk-based capital at 12/31/2025, a supervisory threshold indicator of concentration risk (filing: 'Lending Concentrations').
-
Construction & land lending is highly levered to capital
Construction, land and land development loans represented 53.8% of total risk-based capital at 12/31/2025 (filing: 'Lending Concentrations').
-
Merger completion uncertainty
The Company disclosed the 12/18/2025 Merger Agreement with Burke & Herbert but cautioned 'the possibility that the proposed merger ... will not close when expected or at all' because required regulatory, shareholder or other approvals may not be received (filing: Forward-Looking Statements; Item 1 Business).
-
Interest-rate / repricing exposure
Approximately 63.2% of the loan portfolio earns interest at a rate that varies or adjusts based on an underlying index (36.8% fixed) as of 12/31/2025, exposing earnings to index/market rate movements (filing: 'Lending Activities').
-
Allowance adequacy if credit deteriorates
The loan table shows an allowance for loan losses of (31,674) (in thousands) as of 12/31/2025 (filing: 'The following table sets forth the composition...'); adequacy could be stressed if commercial CRE weakens.
-
Profitability/margin inflection in Q4
Quarterly history shows operating margin fell to 8.5% in 2025 Q4 with diluted EPS of $0.08 and free cash flow of -$8M in 2025 Q4 (provided quarterly financial history), indicating recent margin compression and cash outflow in the quarter.
Management's outlook
The 10-K/MD&A contains no numeric revenue or EPS guidance; the company historically defers quantitative outlook to earnings releases and investor communications (filing: Forward-Looking Statements / MD&A practice).
Earlier filings 4
10-Q · May 9, 2025
LINKBANCORP reported a strong Q1 2025 driven by a one-time branch sale: net income rose to $15,343 (thousands) and diluted EPS to $0.41 versus $5,726 and $0.15 in Q1 2024. Total interest and dividend income was $40,142…
10-K · March 31, 2025
LINKBANCORP positions itself as a community bank focused on deposit- and loan-driven growth through relationship banking and selective M&A. For the year ended December 31, 2024 the company reported balance-sheet scale…
10-Q · November 14, 2023
LINKBANCORP reported Q3 2023 net interest income after provision of $8,701 (thousands) and noninterest income of $880 (thousands), producing total core revenue of $9,581 (thousands). Net income was $1,240 (thousands)…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.