Chain Bridge Bancorp (CBNA) Q3 2025 earnings summary

Executive summary

• Net income for the nine months ended September 30, 2025 was $14.9 million, down from $17.2 million year-over-year, with EPS of $2.27 versus $3.77.

• Q3 2025 net income was $4.7 million, up from $4.6 million in Q2 2025 but down from $7.5 million in Q3 2024.

• Book value per share rose to $24.86 as of September 30, 2025, from $21.98 at December 31, 2024 and $22.95 a year earlier.

• Total assets grew to $1.53 billion from $1.4 billion at year-end 2024; deposits increased to $1.36 billion from $1.2 billion.

• No non-performing assets or OREO reported as of September 30, 2025.

Financial highlights

• Net interest income after provision for credit losses was $38.4 million, up 14.9% year-over-year.

• Q3 2025 EPS was $0.72, up from $0.70 in Q2 2025, but down from $1.64 in Q3 2024.

• Noninterest income fell 67.8% to $2.4 million year-to-date; Q3 2025 noninterest income was $847 thousand, down from $3.1 million in Q3 2024.

• Noninterest expense increased 15.0% to $22.1 million, driven by higher salaries, data processing, and insurance costs.

• Return on average equity was 12.93% year-to-date (down from 25.00%), and Q3 2025 annualized was 11.67%.

Outlook and guidance

• Management expects net interest income to be adversely affected by declining short-term rates.

• Deposit levels are expected to remain volatile due to political organization client activity and federal election cycles.

• Regional economic uncertainty persists due to federal fiscal reforms and a partial government shutdown.

• Deposit activity in Q3 2025 was consistent with historical patterns for a non-election year.

• Forward-looking statements highlight risks from interest rates, deposit concentrations, and political deposit seasonality.