Quarterly ResultMay 12, 2026, 03:14 PM
Chain Bridge Q1 Net Income $7.07M, EPS $1.08
AI Summary
Chain Bridge Bancorp Inc. reported a significant increase in net income and earnings per share for the first quarter of 2026. Net income rose by 26.1% to $7.07 million, with EPS increasing by 27.1% to $1.08. The company saw strong growth in noninterest income, primarily from deposit placement services, which more than tripled. Total assets and deposits also grew substantially during the quarter.
Key Highlights
- Net income increased 26.1% to $7.07 million for Q1 2026 from $5.61 million in Q1 2025.
- Diluted EPS rose 27.1% to $1.08 for Q1 2026, up from $0.85 in Q1 2025.
- Net interest income grew 7.95% to $14.95 million in Q1 2026 from $13.85 million in Q1 2025.
- Noninterest income surged 247.9% to $2.42 million, primarily from deposit placement services.
- Total assets increased 9.6% to $1.92 billion as of March 31, 2026, from $1.75 billion at Dec 31, 2025.
- Total deposits grew 10.3% to $1.74 billion as of March 31, 2026, from $1.57 billion at Dec 31, 2025.
- Securities available for sale increased by $149.5 million to $758.3 million.
- Recapture of credit losses totaled $379 thousand in Q1 2026.
Price Impact
More from CBNA