Chain Bridge Bancorp Inc (CBNA) News & EventsCBNAChain Bridge Bancorp Inc

Chain Bridge Bancorp Announces Q3 EPS of 72c, Below Consensus Estimate of 73c

Peter G. Fitzgerald, Chairman of Chain Bridge Bancorp, Inc., commented: "For the third quarter, the Company reported net income of $4.7 million, producing a return on average equity of 11.67%. The Company ended the period with a Tier 1 leverage ratio of 11.34% and Tier 1 and total risk-based capital ratios of 44.43% and 45.56%, and maintained a liquidity ratio of 89.54%. Deposit activity during the quarter was consistent with historical patterns for a non-election year."

Chain Bridge Bancorp reports Q1 EPS 85c, consensus 54c

Reports Q1 net interest income $13.85M. Reports Q1 book value per share $23.09 as of March 31, up from $21.98 as of December 31. Tier 1 leverage ratio 9.88% as of March 31. The company noted a material increase in deposits from political organization clients during Q1, primarily a post-election surge, with three accounts totaling $472.0M at quarter-end. A significant outflow of approximately $506.5M occurred across six political client accounts on April 15, after quarter-end. Peter Fitzgerald, Chairman of Chain Bridge Bancorp, Inc., commented: "The first quarter of 2025 was the Company's first full reporting period following its initial public offering. During the quarter, the Company managed increased deposit inflows from political organization accounts by holding the balances in cash and short-term U.S. Treasury securities. The Company reported higher earnings compared to the prior quarter. A substantial portion of these deposits flowed out shortly after quarter-end, a possibility management considered in determining the Company's asset allocation during the quarter."