Key Highlights

  • Third quarter Net Income reached $10.9 million, up from $4.7 million a year earlier.
  • Earnings per share totaled $1.66, versus $0.72 in the third quarter of 2025.
  • Return on average Equity was 22.84%, and return on average Assets was 1.92%.
  • Total deposits stood at $2.1 billion, compared with $1.4 billion a year earlier.
  • Book value per share climbed to $29.24 from $24.86 a year ago.

Net income more than doubles year over year

Chain Bridge Bancorp (NYSE:CBNA) is the Parent Company of Chain Bridge Bank, N.A., headquartered in McLean, Virginia. It released third quarter 2026 results on October 28, 2026, reporting net income of $10.9 million, or $1.66 per basic and diluted share.

Those results compare with $9.5 million, or $1.45, in the second quarter of 2026 and $4.7 million, or $0.72, in the third quarter of 2025. On a calculated basis, net income rose about 132% year over year and about 15% from the prior quarter.

Return on average equity was 22.84% and return on average assets was 1.92%, both annualized. Over the nine months, net income totaled $27.5 million, or $4.19 per share, against $14.9 million, with Return on Equity of 20.31% and Return on Assets of 1.81%.

Net interest income powers the gain

Management attributed the $6.2 million year-over-year increase in net income mainly to a $7.6 million rise in net interest income and a $1.8 million increase in deposit Placement services income. The provision for Credit losses grew by $574 thousand, offsetting part of those gains.

Relative to the second quarter, net interest income climbed $2.8 million, partly offset by a $525 thousand increase in the provision for Loan credit losses and higher other expenses.

For the nine months, net interest income increased $13.9 million, deposit placement services income rose $5.2 million, and the provision for credit losses increased $534 thousand.

Deposits reflect political organization balances

Total deposits were $2.1 billion on September 30, 2026, up from $2.0 billion on June 30, 2026 and $1.4 billion on September 30, 2025. The company said the annual increase came from growth in political organization deposit balances and other categories, including deposits from 501(c)(4) social welfare organizations.

Deposits placed off the Balance Sheet through IntraFi's Cash Service One-Way Sell program totaled $498.5 million, down from $668.0 million at June 30 and up from $146.4 million a year earlier. The quarterly decline mainly reflected lower political organization deposit balances.

Because those balances can move with election cycles, the sequential drop illustrates the Volatility that comes with this funding base.

Nine-month growth on a calculated basis

Nine-month net income of $27.5 million compares with $14.9 million, a calculated increase of about 85%. Total deposits rose roughly $0.7 billion from a year earlier. Adding back the $498.5 million of One-Way Sell balances held off the balance sheet yields about $2.6 billion of total client deposits, versus about $1.5 billion a year ago.

Return on average equity of 22.84% for the quarter, compared with 20.31% for the nine months, suggests profitability strengthened as the year progressed.

Book value and what to watch

Book value per share was $29.24 on September 30, 2026, versus $25.79 at December 31, 2025 and $24.86 a year earlier. On a calculated basis, that is an increase of about 17.6% year over year. Nine-month net income of $27.5 million accounted for most of the growth in stockholders' equity.

Investors following the stock will likely monitor how deposit balances respond to shifts in political activity, how net interest income develops, and whether the provision for credit losses keeps rising alongside loan growth.