Quarterly ResultNov 10, 2026, 04:17 PM
Chain Bridge Bancorp Q3 Net Income $10.9M, Up From $4.7M YoY
AI Summary
Chain Bridge Bancorp, Inc. (CBNA) reported a substantial increase in net income for the third quarter of 2026, reaching $10.925 million, a significant jump from $4.702 million in the same period last year. This growth was driven by a strong increase in net interest income, which rose to $19.866 million from $12.276 million year-over-year. Total assets expanded to $2.266 billion, and total deposits grew to $2.065 billion. Noninterest income also saw a notable increase, while noninterest expenses saw a moderate rise.
Key Highlights
- Chain Bridge Bancorp, Inc. reported net income of $10.925 million for the three months ended September 30, 2026, a significant increase from $4.702 million in the prior year period.
- Total assets grew to $2.266 billion as of September 30, 2026, up from $1.750 billion at December 31, 2025.
- Total deposits increased to $2.065 billion from $1.573 billion over the same periods.
- Net interest income for the three months ended September 30, 2026, was $19.866 million, compared to $12.276 million in the prior year.
- Noninterest income rose to $2.910 million for the three months ended September 30, 2026, from $847 thousand in the prior year period.
- Total noninterest expenses increased to $8.519 million for the three months ended September 30, 2026, from $7.322 million in the prior year period.
Price Impact
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