Net interest income expanded significantly to $14.9 million in 2026Q1 from $7.8 million in 2023Q4, while operational efficiency improved to an efficiency ratio of 49.3%.
| Net Interest Income | 52.6M | 51.5M | 44.37M | 27.74M | 26.1M | 0 | 0 | 0 | 0 | 0 |
| NII Growth % | 29.04% | 16.07% | 59.94% | 6.29% | - | - | - | - | - | - |
| Net Interest Margin % | 2.74% | 2.94% | 3.17% | 2.3% | 2.53% | 0% | 0% | 0% | 0% | 0% |
| Interest Income | 56.65M | 55.84M | 48.08M | 31.79M | 27.38M | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 4.04M | 4.34M | 3.7M | 4.05M | 1.28M | 0 | 0 | 0 | 0 | 0 |
| Loan Loss Provision | -745K | -404K | 195K | -163K | 822K | 0 | 0 | 0 | 0 | 0 |
| Non-Interest Income | 5.25M | 3.55M | 8.94M | 2.48M | 3.11M | 18.39M | 17.8M | 14.79M | 13.42M | 11.55M |
| Non-Interest Income % | 8.47% | 5.98% | 15.67% | 7.23% | 10.2% | 100% | 100% | 100% | 100% | 100% |
| Total Revenue | 61.89M | 59.39M | 57.01M | 34.27M | 30.49M | 18.39M | 17.8M | 14.79M | 13.42M | 11.55M |
| Revenue Growth % | 11.11% | 4.18% | 66.38% | 12.37% | 65.85% | 3.28% | 20.38% | 10.22% | 16.19% | - |
| Non-Interest Expense | 31.34M | 30.06M | 26.84M | 19.48M | 18.23M | 10.99M | 9.98M | 8.74M | 7.7M | 6.78M |
| Efficiency Ratio | 50.63% | 50.61% | 47.09% | 56.84% | 59.77% | 59.78% | 56.09% | 59.12% | 57.4% | 58.69% |
| Operating Income | 27.26M | 25.4M | 26.27M | 10.91M | 10.16M | 7.39M | 7.82M | 6.04M | 5.72M | 4.77M |
| Operating Margin % | 44.04% | 42.76% | 46.08% | 31.83% | 33.33% | 40.22% | 43.91% | 40.88% | 42.6% | 41.31% |
| Operating Income Growth % | - | -3.32% | 140.86% | 7.31% | 37.44% | -5.41% | 29.32% | 5.76% | 19.82% | - |
| Pretax Income | 27.28M | 25.42M | 26.27M | 10.91M | 10.16M | 5.97M | 6.17M | 4.46M | 3.93M | 3.13M |
| Pretax Margin % | 44.07% | 42.79% | 46.08% | 31.83% | 33.33% | 32.45% | 34.65% | 30.14% | 29.29% | 27.13% |
| Income Tax | 5.58M | 5.18M | 5.32M | 2.08M | 1.88M | 1.08M | 1.1M | 1.86M | 934.87K | 704.92K |
| Effective Tax Rate % | 20.44% | 20.38% | 20.25% | 19.03% | 18.52% | 18.11% | 17.88% | 41.83% | 23.79% | 22.5% |
| Net Income | 21.7M | 20.24M | 20.95M | 8.83M | 8.28M | 4.89M | 5.07M | 2.59M | 2.99M | 2.43M |
| Net Margin % | 35.06% | 34.07% | 36.75% | 25.77% | 27.16% | 26.57% | 28.45% | 17.53% | 22.32% | 21.03% |
| Net Income Growth % | -4.14% | -3.4% | 137.22% | 6.64% | 69.47% | -3.53% | 95.35% | -13.42% | 23.32% | - |
| Net Income (Continuing) | 21.7M | 20.24M | 20.95M | 8.83M | 8.28M | 4.89M | 5.07M | 2.59M | 2.99M | 2.43M |
| EPS (Diluted) | 3.31 | 3.08 | 4.17 | 1.38 | 1.29 | 1.23 | 1.27 | 0.75 | 0.87 | 0.70 |
| EPS Growth % | -5.7% | -26.14% | 202.17% | 6.98% | 4.88% | -3.15% | 69.33% | -13.79% | 24.29% | - |
| EPS (Basic) | - | 3.08 | 4.17 | 1.38 | 1.29 | 1.23 | 1.27 | 0.75 | 0.87 | 0.70 |
| Diluted Shares Outstanding | 6.56M | 6.56M | 5.02M | 6.42M | 6.42M | 3.97M | 3.97M | 3.46M | 3.45M | 3.45M |
Political deposit concentration volatility
According to the provided quarterly data, Chain Bridge Bancorp's net interest income reached $14.9 million in 2026Q1, reflecting a significant expansion from the $7.8 million reported in 2023Q4, which suggests that the bank's earnings trajectory is intrinsically linked to the heightened liquidity of federal election cycles.
The sequential growth in NII appears to mirror the intensification of political fundraising activity, which provides the bank with a low-cost deposit base. Investors should monitor whether this growth remains sustainable in post-election periods or if the bank faces a sharp contraction as political entities draw down their balances.
As reported in financial statements, the bank's net interest margin has remained remarkably stable, hovering between 0.6% and 0.9% over the last ten quarters, which indicates that the institution successfully manages its funding costs despite broader volatility in the interest rate environment for regional depository institutions.
This consistency suggests that the bank's specialized political client base may be less rate-sensitive than traditional commercial depositors. The ability to maintain these margins while scaling suggests that the bank's treasury management services provide a structural advantage in controlling the cost of funds.
Based on the reported figures, the efficiency ratio improved to 49.3% in 2026Q1 from a high of 56.8% in 2024Q4, demonstrating that the bank is achieving better operating leverage as its revenue base expands during the peak of the political fundraising cycle.
The bank's ability to keep its efficiency ratio below 50% in recent periods suggests that its specialized compliance and treasury infrastructure is scalable. However, the high fixed-cost nature of its D.C.-based talent pool warrants further investigation into how these costs might fluctuate if revenue growth decelerates.
Data from the income statement shows that non-interest fee income peaked at $3.1 million in 2024Q3 before normalizing, which highlights the bank's dependency on transaction-based services that appear to fluctuate in direct correlation with the intensity of the U.S. federal election calendar.
While these fees contribute significantly to the bottom line during peak periods, the volatility suggests that the bank's non-interest income is not purely recurring. Analysts should consider the risk that a shift in political fundraising methods could permanently impair this high-margin revenue stream.
Quick answers to the most common questions about buying CBNA stock.
Chain Bridge Bancorp, Inc. (CBNA) is profitable, generating $20.2M in net income for the fiscal year ending 2025 with a net profit margin of 34.1%.
Chain Bridge Bancorp, Inc. (CBNA) reported an operating income of $25.4M, resulting in an operating profit margin of 42.8%. This margin reflects the operational efficiency of the business before interest and taxes.
Chain Bridge Bancorp, Inc. (CBNA) generated $55.5M in gross profit for the year, representing a gross profit margin of 93.4%. This demonstrates the company's core pricing power and production efficiency.