secwatch.observer — SEC 8-K summary
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Issuer:     CHAIN BRIDGE BANCORP INC (CBNA)
CIK:        0001392272
Form:       8-K
Filed at:   2024-10-29T23:59:59+00:00
Accession:  0001392272-24-000011
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chain Bridge Bancorp Q3 net income $7.5M, EPS $1.64; book value per share $22.95
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1392272/000139227224000011/0001392272-24-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1392272/000139227224000011/chnbrdg-20241029.htm
  HTML page:      https://secwatch.observer/filing/0001392272-24-000011

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