Chain Bridge Bancorp Reports $7.1 Million Net Income in Q1 2026, 26.1% Increase Year-Over-Year

Chain Bridge Bancorp, Inc. reported a net income of $7.1 million for the first quarter of 2026, a 26.1% increase from $5.6 million in the same period of 2025. Earnings per share rose to $1.08, up from $0.85 year-over-year. The bank's net interest income before recapture of credit losses was $14.9 million, reflecting an 8.0% increase from $13.8 million in the prior year. After accounting for recapture of credit losses, net interest income reached $15.3 million, compared to $13.9 million in the previous year. The return on average equity improved to 16.56%, while the return on average assets increased to 1.59%.

Total assets for Chain Bridge Bancorp increased to $1.9 billion as of March 31, 2026, up from $1.8 billion at the end of 2025. Total deposits also rose to $1.7 billion, compared to $1.6 billion in the previous quarter. The bank's liquidity ratio improved to 92.73%, indicating a strong capacity to meet cash obligations. The bank's securities portfolio grew to $1.0 billion, a 16.1% increase from $865.4 million at the end of 2025, primarily due to reallocating interest-earning assets into U.S. Treasury securities.

Operationally, Chain Bridge Bancorp has seen significant growth in its deposit placement services income, which surged to $1.7 million, up from $133,000 in the prior year. This increase was largely driven by higher balances in One-Way Sell® deposits, which reached $595.0 million as of March 31, 2026. The bank's trust and wealth management income also increased by 60.7%, reflecting a rise in assets under administration to $711.7 million.

The bank's loan portfolio decreased slightly to $273.5 million, down from $274.8 million at the end of 2025, with notable declines in commercial and residential real estate loans. The allowance for credit losses on loans was reduced to $3.7 million, down from $4.1 million, reflecting improved credit quality indicators. Chain Bridge Bancorp continues to maintain a strong capital position, with a total risk-based capital ratio of 47.14%, well above the regulatory minimum.

Looking ahead, Chain Bridge Bancorp anticipates that its financial performance will continue to be influenced by short-term interest rates and the cyclical nature of its deposit base, particularly in relation to federal election cycles. The bank remains focused on maintaining high levels of liquidity and asset quality while adapting to changing market conditions.