earnings
confidence high
sentiment negative
materiality 0.80
Chain Bridge Q1 net income $5.6M; warns of future earnings hit from political deposit outflow
CHAIN BRIDGE BANCORP INC
2025-Q1 EPS reported
$0.85
- Net income $5.6M ($0.85 EPS) for Q1 2025 vs $3.7M ($0.59) in Q4 2024 and $3.9M ($0.86) in Q1 2024.
- Total deposits surged to $1.6B, with $472M (30.1%) from three political accounts; held in cash and short-term Treasuries.
- On April 15, $506.5M outflow from six political accounts; deposits fell to $1.1B with one account at 5.15%.
- Company warns of lower net interest income, net income, and ROE in future periods due to the outflow.
- Book value per share $23.09; Tier 1 leverage ratio 9.88% at March 31, 2025.