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]
Chain Bridge Bancorp, Inc.(CBNA) - 2025 Q3 - Quarterly Results