The key swing factor is the post-election deposit trajectory: political organization outflows have begun and the company expects them to continue through Q4 2026 and into early 2027. Monitor the pace of deposit declines and their impact on net interest income and the Tier 1 leverage ratio, which has already fallen to 8.83% from 11.34% a year ago due to asset growth.
Price Chart
Executive Summary
Chain Bridge Bancorp reported Q3 2026 EPS of $1.66, slightly above the $1.62 consensus, and net income of $10.9M, up from $4.7M a year ago. Net interest income surged to $19.9M (up 62% YoY) and net interest margin expanded to 3.53%, driven by deposit inflows ahead of the November 2026 elections. The company warned that political organization deposits are currently experiencing outflows expected to continue into Q4 2026 and possibly early 2027, creating near-term balance sheet uncertainty.
Key Financial Metrics
Key Facts
- Q3 2026 EPS of $1.66 vs consensus $1.62 (beat by ~2.5%)
- Net income $10.9M, up from $4.7M in Q3 2025 (YoY +132%)
- Net interest income $19.9M, up from $12.3M YoY (+62%)
- Net interest margin expanded to 3.53% from 3.35% YoY
- Total deposits $2.1B at Sep 30, 2026, up from $1.4B a year ago
- ICS One-Way Sell deposits fell to $498.5M from $668.0M in Q2 2026
- Company expects political organization deposit outflows to continue in Q4 2026 and possibly into early 2027
- Non-performing assets remained at 0.00% of total assets
- Efficiency ratio improved to 37.40% from 55.79% a year ago
- Book value per share rose to $29.24 from $24.86 a year ago
Financial Impact
Net income $10.9M for Q3 2026, EPS $1.66; net interest income $19.9M; total assets $2.27B
Risk Factors
- Political organization deposit outflows expected in Q4 2026 and early 2027 could materially reduce interest-earning assets and net interest income
- Tier 1 leverage ratio declined to 8.83% from 11.34% a year ago due to deposit-driven asset growth
- Accumulated other comprehensive loss increased to $8.4M from $3.5M at year-end 2025 due to rising interest rates
- Loan-to-deposit ratio remains very low at 14.74%, indicating limited loan growth relative to deposit inflows
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-067895 |
| Document: chnbrdg-20261028.htm | 0001628280-26-067895 |
| Document: 0001628280-26-067895-index-headers.html | 0001628280-26-067895 |
| Document: 0001628280-26-067895-index.html | 0001628280-26-067895 |
| Document: 0001628280-26-067895.txt | 0001628280-26-067895 |
| 8-K Data (Synthetic) | 0001628280-26-067895 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 28, 2026 2d ago | 8-K | $51.40 | awaiting T+60 | awaiting T+60 | $50.59 (−1.58%) |
Oct 28, 2026 2d ago | 8-K | $51.40 | awaiting T+60 | awaiting T+60 | $50.59 (−1.58%) |
Aug 31, 2026 8w ago | 8-K | $45.25 | awaiting T+60 | awaiting T+60 | $50.59 (+11.80%) |
Jul 28, 2026 13w ago | 8-K | $44.36 $50.85 | ▲ +14.63% | ▲ +9.90% | $50.59 (+14.04%) |
Jul 20, 2026 14w ago | 8-K | $41.77 $49.32 | ▲ +18.08% | ▲ +14.10% | $50.59 (+21.12%) |
Mar 3, 2026 34w ago | Insider Cluster | $35.58 $36.15 | ▲ +1.60% | ▼ −8.71% | $50.59 (+42.19%) |
US Market Status
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