Quarterly ResultJul 28, 2026, 04:22 PM
Chain Bridge Bancorp Q2 Net Income $9.5M, EPS $1.45
AI Summary
Chain Bridge Bancorp reported strong financial results for the second quarter of 2026, with net income reaching $9.5 million and diluted earnings per share of $1.45, significantly up from the prior year. Year-to-date net income also saw a substantial increase to $16.6 million. The company experienced robust deposit growth, with total deposits climbing to $2.0 billion, largely driven by political organization deposits and other categories. Net interest income and noninterest income also improved, contributing to the positive performance.
Key Highlights
- Q2 2026 consolidated net income was $9.5 million, up from $4.6 million in Q2 2025.
- Q2 2026 earnings per share was $1.45, compared to $0.70 in Q2 2025.
- Total deposits reached $2.0 billion as of June 30, 2026, a significant increase from $1.3 billion a year prior.
- Book value per share increased to $27.99 as of June 30, 2026, from $23.92 in Q2 2025.
- Net interest income for Q2 2026 was $17.1 million, up from $11.8 million in Q2 2025.
- Total assets grew to $2.2 billion as of June 30, 2026, from $1.4 billion in Q2 2025.
- Assets under administration (AUA) for the Trust & Wealth Department rose to $772.8 million.
- Non-performing assets to total assets remained at 0.00%.
Price Impact
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