secwatch.observer — SEC 8-K summary
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Issuer:     CHAIN BRIDGE BANCORP INC (CBNA)
CIK:        0001392272
Form:       8-K
Filed at:   2025-04-28T23:59:59+00:00
Accession:  0001392272-25-000025
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chain Bridge Q1 net income $5.6M; warns of future earnings hit from political deposit outflow
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1392272/000139227225000025/0001392272-25-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1392272/000139227225000025/chnbrdg-20250428.htm
  HTML page:      https://secwatch.observer/filing/0001392272-25-000025

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