earnings
confidence high
sentiment positive
materiality 0.75
Chain Bridge Bancorp Q3 net income $7.5M, EPS $1.64; book value per share $22.95
CHAIN BRIDGE BANCORP INC
2024-Q3 EPS reported
$3.77
- Net income of $7.5M for Q3 2024, up from $2.8M in Q3 2023; EPS of $1.64 vs. $0.62.
- Net interest income rose to $13.6M (Q3 2024) from $7.2M (Q3 2023); net interest margin 3.73%.
- Total assets $1.6B, deposits $1.4B as of Sep 30, 2024, with elevated political organization deposits.
- Book value per share $22.95 vs. $16.45 a year ago; Q3 ROAA 2.03% and ROAE 29.90% annualized.
- Expects deposit outflows from political accounts through Q4 2024 and early 2025 as election cycle ends.