DENVER , Nov. 10, 2025 (GLOBE NEWSWIRE) -- Wenlay today announced the launch of a new cross-chain bridge solution, aimed at addressing asset liquidity and cross-domain settlement issues in multi-chain ecosystems. Through its “Composable Settlement and Cross-Chain Bridge” module, the solution enables seamless transfer of assets and messages across chains, marking a significant step for Wenlay in the landscape of multi-Rollup and multi-chain parallel development. The cross-chain bridge utilizes light client ...

Financial Performance - Consolidated net income for the nine months ended September 30, 2025, was $14.9 million, down from $17.2 million for the same period in 2024, with earnings per share decreasing from $3.77 to $2.27[145] - For the three months ended September 30, 2025, net income decreased by $2.8 million, or 37.2%, compared to the same period in 2024, primarily due to a $2.2 million, or 72.5%, decrease in noninterest income[184] - Return on average equity decreased to 12.93% for the nine months ended September 30, 2025, down from 25.00% for the same period in 2024[150] Income and Expenses - Net interest income before provision for credit losses was $37.9 million for the nine months ended September 30, 2025, compared to $33.0 million for the same period in 2024, while net interest income after provision was $38.4 million, up from $33.4 million[150] - Noninterest expense increased by $2.874 million, or 15.0%, for the nine months ended September 30, 2025, compared to the same period in 2024, driven by costs associated with operational growth and functioning as a public company[185] - Noninterest income for the nine months ended September 30, 2025, decreased by $5.0 million, or 67.8%, compared to the same period in 2024, reflecting a reduction in deposit placement services income[185] Assets and Liabilities - Total assets increased to $1.5 billion as of September 30, 2025, from $1.4 billion at December 31, 2024, and total deposits rose to $1.4 billion from $1.2 billion[150] - The total debt securities portfolio balance increased to $831.5 million as of September 30, 2025, from $658.8 million at December 31, 2024[150] - Total loans outstanding as of September 30, 2025, were $284.084 million, compared to $300.032 million at the end of 2024[288] Deposits - As of September 30, 2025, approximately 61.1% of total deposits were uninsured by the FDIC, indicating a high level of account balances exceeding coverage limits[165] - Total consolidated deposits increased by $262.4 million, reaching $1.4 billion as of September 30, 2025, with three political organization accounts exceeding 5% of total deposits[294] - Noninterest-bearing deposits accounted for 69.2% of total deposits, while savings, interest-bearing, and money market accounts increased by $85.4 million, or 26.3%, from December 31, 2024, to September 30, 2025[295] Interest Income and Expense - Net interest income for the three months ended September 30, 2025, was $12.276 million, a decrease of $1.370 million, or 10.0%, compared to $13.646 million in 2024[185] - Interest income from taxable securities increased by 57.8% to $5,637,000 in Q3 2025, up from $3,573,000 in Q3 2024[187] - Interest expense for the three months ended September 30, 2025, was $1.158 million, an increase of $136,000, or 13.3%, compared to $1.022 million in 2024[185] Credit Losses and Risk Management - The provision for credit losses for the three months ended September 30, 2025, was $(94,000), a decrease of $24,000, or 20.3%, compared to $(118,000) in 2024[185] - The company employs a multi-pronged approach to address credit risk, including underwriting policies and an internal and external loan review process[265] - The allowance for credit losses (ACL) was $4.110 million, down from $4.514 million at the end of 2024, reflecting a ratio of 1.45% to total loans outstanding[288] Capital and Equity - Stockholders' equity increased to $163.1 million as of September 30, 2025, up $18.9 million from $144.2 million as of December 31, 2024, with net income contributing $14.9 million to this increase[313] - The total risk-based capital ratio was 42.41% as of September 30, 2025, significantly above the well-capitalized requirement of 10.00%, up from 32.94% as of December 31, 2024[316] - Book value per share rose to $24.86 as of September 30, 2025, compared to $21.98 as of December 31, 2024, primarily driven by earnings and improved market value of AFS securities[314] Interest Rate Risk - The one-year cumulative gap in rate-sensitive assets and liabilities was $640.8 million as of September 30, 2025, indicating that assets will reprice before liabilities[319] - Interest rate risk analysis showed that a 100 bps increase in rates could lead to a 4.14% increase in net interest income as of September 30, 2025[324] - The Bank's ALCO meets quarterly to manage interest rate risk and ensure compliance with policies approved by the board of directors[320]

Core Viewpoint - Chain Bridge Bancorp, Inc. (CBNA) has received a Zacks Rank 2 (Buy) upgrade, indicating a positive outlook based on rising earnings estimates, which significantly influence stock prices [1][3]. Earnings Estimates - The Zacks Consensus Estimate for Chain Bridge Bancorp, Inc. is projected at $3.13 per share for the fiscal year ending December 2025, showing no year-over-year change [8]. - Over the past three months, analysts have increased their earnings estimates for the company by 11.6% [8]. Zacks Rating System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 (Strong Buy) stocks historically generating an average annual return of +25% since 1988 [7]. - The upgrade to Zacks Rank 2 places Chain Bridge Bancorp, Inc. in the top 20% of Zacks-covered stocks, suggesting a strong potential for near-term price appreciation [10]. Market Dynamics - Changes in earnings estimates are strongly correlated with stock price movements, influenced by institutional investors who adjust their valuations based on these estimates [4][6]. - Rising earnings estimates and the corresponding rating upgrade reflect an improvement in the company's underlying business, which is expected to drive investor interest and stock price increases [5].

Core Viewpoint - Chain Bridge Bancorp, Inc. (CBNA) reported quarterly earnings of $0.72 per share, exceeding the Zacks Consensus Estimate of $0.70 per share, but down from $1.64 per share a year ago, indicating a significant year-over-year decline in earnings [1][2] Financial Performance - The company achieved an earnings surprise of +2.86% for the recent quarter and had previously delivered a surprise of +59.09% in the prior quarter [1][2] - Revenues for the quarter ended September 2025 were $13.12 million, missing the Zacks Consensus Estimate by 2.43%, and down from $16.73 million year-over-year [2] - Over the last four quarters, the company has surpassed consensus EPS estimates four times and topped consensus revenue estimates three times [2] Stock Performance - Chain Bridge Bancorp, Inc. shares have increased approximately 18.8% since the beginning of the year, outperforming the S&P 500's gain of 16.9% [3] Future Outlook - The company's earnings outlook is crucial for investors, with current consensus EPS estimates at $0.83 for the coming quarter and $3.08 for the current fiscal year, alongside expected revenues of $14.65 million and $55.25 million respectively [7] - The estimate revisions trend was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Banks - Northeast industry, to which Chain Bridge Bancorp belongs, is currently ranked in the top 18% of over 250 Zacks industries, suggesting a favorable industry outlook [8]

Financial Performance - For Q3 2025, Chain Bridge Bancorp reported net income of $4.7 million, a 2.17% increase from $4.6 million in Q2 2025, but a 37.33% decrease from $7.5 million in Q3 2024[4] - Earnings per share (EPS) for Q3 2025 was $0.72, compared to $0.70 in Q2 2025 and $1.64 in Q3 2024[5] - Net income for the three months ended September 30, 2025, was $4,702,000, compared to $4,584,000 for the previous quarter[38] - Net income for the three months ended September 30, 2025, was $4,702 thousand, compared to $7,487 thousand for the same period in 2024, reflecting a decrease of 37.5%[44] - Noninterest income for the three months ended September 30, 2025, was $847 thousand, compared to $3,080 thousand in the same period last year, a decrease of 72.5%[44] Deposits and Assets - Total consolidated deposits increased to $1.4 billion as of September 30, 2025, up from $1.3 billion at June 30, 2025[7] - Total consolidated deposits increased by $114.6 million quarter-over-quarter, driven by political deposit inflows in Q3 2025[28] - Total assets as of September 30, 2025, were $1,534,355,000, compared to $1,445,127,000 as of June 30, 2025[38] - Total assets decreased to $1,534,355 thousand from $1,555,282 thousand year-over-year[42] - Total deposits increased to $1,364,540 thousand from $1,433,868 thousand year-over-year[42] Income and Expenses - Net interest income for Q3 2025 was $12.3 million, a 4.24% increase from $11.8 million in Q2 2025, but a 9.56% decrease from $13.6 million in Q3 2024[12] - Noninterest income for Q3 2025 was $847 thousand, a slight increase from $828 thousand in Q2 2025, but a significant decrease from $3.1 million in Q3 2024[15] - Total noninterest expenses for Q3 2025 were $7.3 million, compared to $7.2 million in Q2 2025 and $7.4 million in Q3 2024[17] - Total noninterest expenses for the nine months ended September 30, 2025, were $22,052 thousand, up from $19,178 thousand in the same period last year, an increase of 9.8%[44] Ratios and Capital - The Company’s Tier 1 leverage ratio was 11.34% as of September 30, 2025, compared to 11.45% at June 30, 2025[24] - Return on average equity for Q3 2025 was 11.67%, down from 11.93% in Q2 2025[38] - The efficiency ratio improved to 55.79% in Q3 2025 from 56.71% in Q2 2025[38] - Tangible common equity to tangible total assets ratio increased to 10.63% from 6.74% year-over-year[40] - Tier 1 capital reached $167,384 thousand, up from $112,223 thousand in the same period last year[40] - The company reported a total regulatory capital ratio of 45.56%, up from 29.29% year-over-year[40] Liquidity and Reserves - As of September 30, 2025, the liquidity ratio was 89.54%, an increase from 88.21% at June 30, 2025[21] - Interest-bearing reserves held at the Federal Reserve increased to $388,213,000 as of September 30, 2025, from $364,841,000 in the previous quarter[38] - The liquidity ratio stood at 89.54% as of September 30, 2025, compared to 88.21% in the previous quarter[38] Trust & Wealth Management - Trust & Wealth Department's total assets under administration (AUA) reached $552.4 million, up from $445.4 million in Q2 2025[25] - Total assets under administration (AUA) in the Trust & Wealth Department reached $552,390,000 as of September 30, 2025, up from $445,364,000 in the previous quarter[38]

Core Insights - Chain Bridge Bancorp, Inc. reported a net income of $4.7 million for the third quarter of 2025, achieving a return on average equity of 11.67% [1] Financial Performance - The financial results cover the third quarter of 2025 and the nine months ended September 30, 2025 [1] - The Company ended the period with a Tier 1 capital level, although specific figures were not provided in the excerpt [1]

Core Insights - Bitget Wallet has expanded its integration with the Plasma mainnet, allowing seamless cross-chain transfers and direct access to its DApp ecosystem [2][3] - The integration supports both same-chain and cross-chain swaps, enhancing user participation in stablecoin finance [3] - Plasma has become a leading chain for stablecoin applications, with over $7 billion in deposits across more than 25 stablecoin assets [4] Company Overview - Bitget Wallet is a self-custodial crypto wallet with over 80 million users, offering a comprehensive suite of crypto services including swaps, staking, and DApp exploration [6] - The wallet supports cross-chain swaps and transfers across 24 blockchains, positioning it as a robust cross-chain infrastructure [5] - Bitget Wallet is backed by a user protection fund exceeding $700 million, ensuring high security for users' assets [6]

Group 1 - TQP Research is led by a Certified Public Accountant (CPA) with experience in structured finance and banking [1] - The investment approach is value-oriented, focusing on businesses that align with long-term success criteria established by notable investors like Warren Buffett and Charlie Munger [1] - Investment topics include market analysis, macroeconomic trends, large-cap blue chip companies, and undervalued micro-cap and small-cap stocks [1] Group 2 - TQP Research actively engages with the community and encourages questions and ideas from members [1]

Core Viewpoint - Chain Bridge Bancorp, Inc. (CBNA) shows a significant improvement in earnings outlook, making it an attractive investment option as analysts continue to raise their earnings estimates [1][2]. Estimate Revisions - The upward trend in earnings estimate revisions indicates growing analyst optimism regarding the company's earnings prospects, which is expected to positively impact its stock price [2]. - For the current quarter, the earnings estimate is $0.70 per share, reflecting a year-over-year decline of 57.3%. However, the Zacks Consensus Estimate has increased by 36.28% over the last 30 days, with two estimates raised and no negative revisions [5]. - For the full year, the earnings estimate stands at $3.08 per share, representing a 26.1% decrease from the previous year [6]. - The trend for the current year is encouraging, with two estimates moving higher and the consensus estimate increasing by 26.75% [7]. Zacks Rank - Chain Bridge Bancorp, Inc. currently holds a Zacks Rank 1 (Strong Buy), indicating strong agreement among analysts in raising earnings estimates, which historically correlates with stock performance [3][8]. - Stocks with Zacks Rank 1 and 2 have shown significant outperformance compared to the S&P 500 [8]. Stock Performance - Over the past four weeks, Chain Bridge Bancorp, Inc. shares have increased by 5.8%, suggesting investor confidence in the company's earnings growth prospects [9].

Financial Performance - Consolidated net income for the six months ended June 30, 2025, was $10.2 million, an increase from $9.7 million for the same period in 2024[139] - For the six months ended June 30, 2025, net income increased by $469 thousand, or 4.8%, compared to the same period in 2024, driven by a $6.3 million, or 32.4%, increase in net interest income[176] - For the three months ended June 30, 2025, net income decreased by $1.2 million, or 21.0%, compared to the same period in 2024, primarily due to a $1.8 million, or 68.5%, decrease in noninterest income[176] Net Interest Income - Net interest income before provision for credit losses was $25.6 million for the six months ended June 30, 2025, compared to $19.4 million for the same period in 2024[144] - Net interest income for the three months ended June 30, 2025, was $11.794 million, an increase of $1.220 million, or 11.5%, from $10.574 million in 2024[176] - For the three months ended June 30, 2025, net interest income increased by $1.2 million, or 11.5%, compared to the same period in 2024, driven by an increase in the average size and yield of the investment securities portfolio[185] Assets and Deposits - Total assets remained stable at $1.4 billion as of June 30, 2025, consistent with the level reported at December 31, 2024[144] - Total deposits increased to $1.3 billion as of June 30, 2025, up from $1.2 billion as of December 31, 2024[144] - As of June 30, 2025, total deposits increased by $31.98 million, or 2.6%, to $1.2819 billion compared to $1.2499 billion as of December 31, 2024[284] Credit Losses and Provisions - The provision for credit losses for the three months ended June 30, 2025, was $(314) thousand, a significant increase of 220.4% compared to $(98) thousand in 2024[176] - For the six months ended June 30, 2025, the provision for credit losses consisted of a net recapture of $379 thousand, primarily due to changes in the loan portfolio composition[201] - The allowance for credit losses (ACL) was $4.193 million, a decrease from $4.514 million at the end of 2024, resulting in a ratio of allowance to total loans outstanding of 1.46%[277] Noninterest Income and Expenses - Noninterest income for the three months ended June 30, 2025, was $828 thousand, a decrease of $1.802 million, or 68.5%, from $2.630 million in 2024[176] - Noninterest expenses increased by $1.154 million, or 19.2%, for the three months ended June 30, 2025, reflecting additional costs associated with operating as a public company[176] - Salaries and employee benefits increased by $342 thousand, or 9.0%, for the three months ended June 30, 2025, due to higher headcount and salary increases[213] Capital and Ratios - The total risk-based capital ratio was 44.64% as of June 30, 2025, exceeding the minimum requirements for being well-capitalized[144] - Stockholders' equity as of June 30, 2025, was $156.9 million, an increase of $12.7 million compared to $144.2 million as of December 31, 2024[303] - The tier 1 leverage ratio improved from 9.57% on December 31, 2024, to 10.59% on June 30, 2025, surpassing the 5% requirement[306] Loan Portfolio - As of June 30, 2025, total loans decreased by $25.5 million or 8.1% compared to December 31, 2024, reflecting strategic reductions in commercial real estate lending and cyclical principal curtailments in commercial loans[246] - The total loan portfolio included $287.8 million in loans, with fixed rate loans totaling $89.5 million and variable rate loans totaling $198.3 million[253] - The company employs a multi-pronged approach to manage credit risk, including underwriting policies and an internal and external loan review process[254] Interest Rate Risk - Interest rate risk analysis showed that a 100 bps increase in rates would lead to a 4.18% increase in net interest income as of June 30, 2025[314] - The immediate interest rate risk scenario indicated a potential decrease of 39.69% in net interest income with a 400 bps rate drop as of June 30, 2025[314] - The bank's ALCO meets quarterly to manage interest rate risk and reports results to the board monthly[310] Securities and Investments - The carrying value of total securities was $758.6 million, an increase of $99.7 million or 15.1% compared to $659.0 million as of December 31, 2024[230] - The weighted average yield of available-for-sale securities was 3.67%, while held-to-maturity securities had a yield of 2.16% as of June 30, 2025[227] - U.S. government treasuries increased by $105.2 million or 32.8% to $426.2 million as of June 30, 2025, driven by investments of excess cash reserves[231]