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]

Core Viewpoint - Chain Bridge Bancorp, Inc. (CBNA) has received a Zacks Rank 1 (Strong Buy) upgrade, indicating a positive earnings outlook that may lead to increased stock prices [1][4]. Earnings Estimates - The Zacks Consensus Estimate for Chain Bridge Bancorp, Inc. for the fiscal year ending December 2025 is projected at $2.81 per share, unchanged from the previous year [9]. - Over the past three months, analysts have raised their earnings estimates for the company by 15.4% [9]. Zacks Rating System - The Zacks rating system is based solely on changes in a company's earnings picture, which is a significant factor influencing stock prices [2][3]. - The system classifies stocks into five groups, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [8]. Market Implications - Rising earnings estimates and the Zacks Rank upgrade suggest an improvement in Chain Bridge Bancorp's underlying business, which could lead to higher stock prices as investors respond positively [6][11]. - The upgrade positions Chain Bridge Bancorp in the top 5% of Zacks-covered stocks, indicating strong potential for market-beating returns in the near term [10][11].

Core Insights - Chain Bridge Bancorp reported Q2 2025 earnings with GAAP EPS of $0.70, exceeding the $0.53 consensus, and revenue of $12.01 million, slightly above the $11.99 million estimate, despite declines in key profitability and deposit metrics compared to previous periods [1][2] Financial Performance - GAAP EPS decreased by 44.9% year-over-year from $1.27 in Q2 2024 to $0.70 in Q2 2025 [2] - Net income fell to $4.6 million in Q2 2025, down 20.7% from $5.8 million in Q2 2024 and from $5.6 million in Q1 2025 [2][5] - Net interest income increased by 11.3% from $10.6 million in Q2 2024 to $11.8 million in Q2 2025, while net interest margin decreased to 3.39% from 3.43% in the prior year [2][6] Business Model and Strategy - Chain Bridge Bancorp focuses on serving political clients and wealth management, utilizing a technology-driven model that eliminates traditional branch networks [3] - The company aims to maintain a robust capital base and strengthen its technology infrastructure while managing deposit concentration from political organizations [4] Key Developments - Significant deposit volatility occurred due to a $506.5 million outflow from political clients, impacting total deposits which fell to $1.1 billion before recovering to $1.3 billion [5] - Noninterest income dropped from $2.6 million in Q2 2024 to $828,000, primarily due to reduced income from deposit placement services [7] - Noninterest expenses rose to $7.2 million from $6.0 million in Q2 2024, leading to an increased efficiency ratio of 56.7% [7] Capital and Credit Quality - The company maintained a strong capital position with zero nonperforming assets and a liquidity ratio of 88.21% as of Q2 2025 [8] - Trust and wealth management assets under administration increased to $445.4 million from $364.0 million a year earlier, with fee income rising to $305,000 [8] Future Outlook - The company anticipates continued volatility in its deposit base due to the seasonality of federal elections and political activity [9] - Monitoring of deposit concentration risk is crucial, as large clients can significantly impact earnings and liquidity [9]

Core Insights - Chain Bridge Bancorp, Inc. (CBNA) reported revenue of $12.62 million for the quarter ended June 2025, showing no change compared to the same period last year, with an EPS of $0.70 compared to $0 in the year-ago quarter [1] - The revenue exceeded the Zacks Consensus Estimate of $11.29 million by +11.85%, and the EPS surprised by +59.09% against the consensus estimate of $0.44 [1] Financial Performance Metrics - Net interest margin stood at 3.4%, matching the average estimate based on two analysts [4] - Total interest-earning assets averaged $1.4 billion, surpassing the two-analyst average estimate of $1.24 billion [4] - Deposit placement services generated $0.16 million, below the average estimate of $0.22 million from two analysts [4] - Total noninterest income was $0.83 million, slightly above the two-analyst average estimate of $0.8 million [4] - Net interest income reached $11.79 million, exceeding the average estimate of $10.47 million from two analysts [4] - Other income amounted to $0.09 million, higher than the two-analyst average estimate of $0.04 million [4] Stock Performance - Shares of Chain Bridge Bancorp, Inc. have returned +2.9% over the past month, compared to the Zacks S&P 500 composite's +4.9% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Exhibit 99.1 Chain Bridge Bancorp, Inc. Reports Second Quarter 2025 Financial Results McLean, Virginia — July 28, 2025 Chain Bridge Bancorp, Inc. (NYSE: CBNA) (the "Company"), the holding company for Chain Bridge Bank, N.A. (the "Bank"), today announced financial results for the second quarter of 2025 and the six months ended June 30, 2025. Peter G. Fitzgerald, Chairman of Chain Bridge Bancorp, Inc., commented: "The second quarter began with deposit outflows from political organization accounts, as describe ...

[Part I - Financial Information](index=8&type=section&id=Part%20I%20-%20Financial%20Information) [Financial Statements](index=8&type=section&id=Item%201%2E%20Financial%20Statements) Unaudited interim consolidated financial statements for the period ended March 31, 2025 are presented Consolidated Balance Sheet Highlights (unaudited) | Account | March 31, 2025 (in thousands) | December 31, 2024 (in thousands) | | :--- | :--- | :--- | | Total cash and cash equivalents | $629,217 | $410,739 | | Total securities | $775,132 | $659,305 | | Loans, net | $297,526 | $308,773 | | **Total assets** | **$1,726,860** | **$1,401,124** | | Total deposits | $1,568,392 | $1,249,935 | | **Total liabilities** | **$1,575,355** | **$1,256,878** | | **Total stockholders' equity** | **$151,505** | **$144,246** | Consolidated Income Statement Highlights (unaudited) | Account | Three Months Ended March 31, 2025 (in thousands) | Three Months Ended March 31, 2024 (in thousands) | | :--- | :--- | :--- | | Net interest income | $13,848 | $8,792 | | Total noninterest income | $695 | $1,648 | | Total noninterest expenses | $7,571 | $5,741 | | **Net income** | **$5,607** | **$3,917** | | **Earnings per common share, basic and diluted** | **$0.85** | **$0.86** | Consolidated Cash Flow Highlights (unaudited) | Cash Flow Activity | Three Months Ended March 31, 2025 (in thousands) | Three Months Ended March 31, 2024 (in thousands) | | :--- | :--- | :--- | | Net cash provided by operating activities | $3,109 | $3,471 | | Net cash (used in) provided by investing activities | ($103,088) | $2,325 | | Net cash provided by financing activities | $318,457 | $23,742 | | **Net increase in cash and cash equivalents** | **$218,478** | **$29,538** | [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=39&type=section&id=Item%202%2E%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Net income grew 43.1% in Q1 2025, driven by higher net interest income from a cyclical influx of political deposits [Q1 2025 Highlights](index=39&type=section&id=Highlights) The company reported strong Q1 2025 growth with net income of $5.6 million and total assets reaching $1.7 billion Q1 2025 Financial Performance vs. Q1 2024 | Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net Income | $5.6 million | $3.9 million | | Earnings Per Share | $0.85 | $0.86 | | Net Interest Income | $13.8 million | $8.8 million | | Return on Average Equity | 15.39% | 18.33% | | Return on Average Assets | 1.43% | 1.39% | Balance Sheet and Capital Highlights (as of March 31, 2025) | Metric | Value | Compared to Dec 31, 2024 | | :--- | :--- | :--- | | Total Assets | $1.7 billion | $1.4 billion | | Total Deposits | $1.6 billion | $1.2 billion | | Book Value Per Share | $23.09 | $21.98 | | Bank Tier 1 Risk-Based Capital Ratio | 36.93% | 31.76% | [Significant Factors Impacting Our Business](index=40&type=section&id=Significant%20Factors%20Impacting%20Our%20Business%2C%20Financial%20Condition%20and%20Results%20of%20Operations) Performance is driven by interest rate sensitivity, cyclical political deposits, and regional economic conditions - The business is significantly impacted by federal election cycles, which cause large fluctuations in deposit levels from political organizations; a post-election surge in Q1 2025 led to three accounts holding **$472.0 million**, or **30.1% of total deposits**[139](index=139&type=chunk)[141](index=141&type=chunk) - Net interest income is highly correlated to short-term interest rates due to high levels of liquid assets; **higher rates generally increase net interest income**, while falling rates would have an adverse effect[138](index=138&type=chunk) - As of March 31, 2025, an estimated **74.6% of total deposits were uninsured by the FDIC**; the company offers clients access to additional FDIC insurance through the ICS® network to manage this risk[149](index=149&type=chunk)[150](index=150&type=chunk) [Results of Operations](index=44&type=section&id=Results%20of%20Operations) Q1 2025 net income rose 43.1% to $5.6 million, driven by higher net interest income despite rising expenses Comparison of Results of Operations (in thousands) | Item | Three Months Ended March 31, 2025 | Three Months Ended March 31, 2024 | $ Change | % Change | | :--- | :--- | :--- | :--- | :--- | | Net interest income | $13,848 | $8,792 | $5,056 | 57.5% | | Noninterest income | $695 | $1,648 | ($953) | (57.8%) | | Noninterest expense | $7,571 | $5,741 | $1,830 | 31.9% | | **Net income** | **$5,607** | **$3,917** | **$1,690** | **43.1%** | - The increase in net interest income was primarily driven by a **$5.3 billion increase in volume of interest-earning assets**, particularly interest-bearing deposits in other banks, which was funded by the influx of political deposits[174](index=174&type=chunk) - Noninterest income decreased significantly due to a **$989 thousand drop in deposit placement services income**, as average One-Way Sell® deposit balances fell from $259.7 million in Q1 2024 to $63.5 million in Q1 2025[188](index=188&type=chunk)[194](index=194&type=chunk) - Noninterest expense rose by $1.8 million, driven by a **$923 thousand increase in salaries and benefits** (from higher headcount) and a **$428 thousand increase in professional services** (legal and consulting for public company operations)[197](index=197&type=chunk)[198](index=198&type=chunk)[199](index=199&type=chunk) [Financial Condition](index=51&type=section&id=Financial%20Condition) Total assets grew 23.2% to $1.73 billion, fueled by a deposit increase, while the loan portfolio slightly decreased Securities Portfolio Composition (Carrying Value) | Security Type | March 31, 2025 (in thousands) | Dec 31, 2024 (in thousands) | % Change | | :--- | :--- | :--- | :--- | | U.S. government treasuries | $437,950 | $320,976 | 36.4% | | Corporate bonds | $104,431 | $101,444 | 2.9% | | State and municipal securities | $216,423 | $220,120 | (1.7%) | | **Total securities** | **$774,780** | **$658,982** | **17.6%** | Loan Portfolio Composition | Loan Type | March 31, 2025 (in thousands) | Dec 31, 2024 (in thousands) | % Change | | :--- | :--- | :--- | :--- | | Commercial real estate | $51,982 | $53,480 | (2.8%) | | Commercial | $18,555 | $27,883 | (33.5%) | | Residential real estate, closed-end | $211,936 | $210,730 | 0.6% | | **Total loans** | **$302,002** | **$313,287** | **(3.6%)** | Deposit Composition | Deposit Type | March 31, 2025 (in thousands) | Dec 31, 2024 (in thousands) | % Change | | :--- | :--- | :--- | :--- | | Noninterest-bearing | $1,243,170 | $913,379 | 36.1% | | Savings, interest-bearing and money market | $313,969 | $324,845 | (3.3%) | | **Total deposits** | **$1,568,392** | **$1,249,935** | **25.5%** | - A significant deposit outflow of approximately **$506.5 million occurred on April 15, 2025**, from political organization accounts, which the company funded using cash reserves at the Federal Reserve[92](index=92&type=chunk)[267](index=267&type=chunk) [Liquidity and Capital Management](index=64&type=section&id=Liquidity%20and%20Capital%20Management) The company maintains a strong liquidity position and robust capital levels, remaining 'well capitalized' by all measures - The company's **liquidity ratio was 89.14%** as of March 31, 2025, up from 85.13% at year-end 2024; primary liquidity is held as cash at the Federal Reserve, which stood at $620.3 million[281](index=281&type=chunk) - The company utilizes the ICS® network to manage liquidity and deposit levels; as of March 31, 2025, **$93.2 million in deposits were placed off-balance sheet** as One-Way Sell® deposits[281](index=281&type=chunk)[292](index=292&type=chunk) Bank Regulatory Capital Ratios | Ratio | March 31, 2025 | Well Capitalized Requirement | | :--- | :--- | :--- | | Total risk-based capital ratio | 38.12% | 10.00% | | Tier 1 risk-based capital ratio | 36.93% | 8.00% | | Tier 1 leverage ratio | 9.07% | 5.00% | [Quantitative and Qualitative Disclosures About Market Risk](index=67&type=section&id=Item%203%2E%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company is asset-sensitive, with net interest income expected to increase by 12.04% with a +100 bps rate shift - The company is **asset-sensitive**, with a one-year cumulative gap of $847.3 million as of March 31, 2025, indicating that assets reprice faster than liabilities[294](index=294&type=chunk) Net Interest Income (NII) Sensitivity Analysis (as of March 31, 2025) | Rate Change Scenario (Immediate Shift) | % Change in NII (12-Month Horizon) | | :--- | :--- | | +200 bps | +24.10% | | +100 bps | +12.04% | | -100 bps | (12.16%) | | -200 bps | (24.49%) | [Controls and Procedures](index=68&type=section&id=Item%204%2E%20Controls%20and%20Procedures) Disclosure controls and procedures were deemed effective with no material changes to internal controls in Q1 2025 - Management concluded that the company's **disclosure controls and procedures were effective** as of March 31, 2025[302](index=302&type=chunk) - **No changes in internal control over financial reporting** occurred during the quarter that have materially affected, or are reasonably likely to materially affect, the company's internal controls[303](index=303&type=chunk) [Part II - Other Information](index=69&type=section&id=Part%20II%20-%20Other%20Information) [Legal Proceedings](index=69&type=section&id=Item%201%2E%20Legal%20Proceedings) The company is not party to any material legal or regulatory proceedings - The company is **not presently party to any material legal proceedings**[305](index=305&type=chunk) [Risk Factors](index=69&type=section&id=Item%201A%2E%20Risk%20Factors) No material changes to risk factors were reported since the 2024 Annual Report - **No material changes in risk factors** were reported since the last Annual Report on Form 10-K[306](index=306&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=69&type=section&id=Item%202%2E%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) No unregistered sales of equity securities occurred during the period - None[307](index=307&type=chunk) [Defaults Upon Senior Securities](index=69&type=section&id=Item%203%2E%20Defaults%20Upon%20Senior%20Securities) No defaults upon senior securities were reported during the period - None[308](index=308&type=chunk) [Mine Safety Disclosures](index=69&type=section&id=Item%204%2E%20Mine%20Safety%20Disclosures) This section is not applicable to the company's operations - Not applicable[309](index=309&type=chunk) [Other Information](index=69&type=section&id=Item%205%2E%20Other%20Information) No directors or officers entered into, modified, or terminated Rule 10b5-1 trading plans in Q1 2025 - **No directors or executive officers adopted, modified, or terminated Rule 10b5-1 trading plans** during the quarter[310](index=310&type=chunk) [Exhibits](index=70&type=section&id=Item%206%2E%20Exhibits) This section lists required CEO and CFO certifications filed with the Form 10-Q Filed Exhibits | Number | Description | | :--- | :--- | | 31.1 | CEO Certification (Section 302 of Sarbanes-Oxley) | | 31.2 | CFO Certification (Section 302 of Sarbanes-Oxley) | | 32.1 | CEO and CFO Certification (Section 906 of Sarbanes-Oxley) |

Exhibit 99.1 Chain Bridge Bancorp, Inc. Reports First Quarter 2025 Financial Results McLean, Virginia — April 28, 2025 Chain Bridge Bancorp, Inc. (NYSE: CBNA) (the "Company"), the holding company for Chain Bridge Bank, N.A. (the "Bank"), today announced financial results for the first quarter of 2025. Peter G. 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 C ...