Chain Bridge Bancorp, Inc. reported strong financial results for the second quarter of 2026 and the six months ended June 30, 2026, with consolidated net income of $9.5 million and earnings per share of $1.45 for the quarter — beating the analyst consensus estimate of $1.24 by 16.94% and marking a 107.14% increase from $0.70 per share in the same period a year earlier. Quarterly sales of $19.997 million also exceeded the analyst estimate of $18.118 million by 10.37%, up 58.43% from $12.622 million in the prior year's corresponding quarter.

Q2 2026 Financial Highlights

The following table summarizes key performance metrics for the quarter and year-to-date periods:

For the six months ended June 30, 2026, consolidated net income was $16.6 million compared to $10.2 million for the same period in 2025, with year-to-date EPS of $2.53 versus $1.55. The increase was driven by a $6.4 million rise in net interest income and a $3.4 million increase in deposit placement services income, partially offset by a $2.2 million increase in noninterest expense and a $1.7 million increase in income tax expense.

Interest Income and Net Interest Margin

Net interest income for the second quarter of 2026 was $17.1 million, compared to $14.9 million in the first quarter of 2026 and $11.8 million in the second quarter of 2025. The net interest margin was 3.45% in the second quarter of 2026, compared to 3.41% in the first quarter of 2026 and 3.39% in the second quarter of 2025. The quarter-over-quarter improvement was primarily driven by a $131.5 million increase in the average balance of interest-bearing deposits in other banks, generating $1.3 million of additional interest income, and $815 thousand of additional income from the taxable investment securities portfolio.

For the six months ended June 30, 2026, net interest income was $32.0 million compared to $25.6 million for the same period in 2025. Despite higher net interest income, the net interest margin declined from 3.48% to 3.43% year-over-year, as average interest-earning assets grew at a faster rate than net interest income. The average taxable investment securities portfolio balance increased $298.9 million and the rate earned on those investments increased 31 basis points, while the yield on interest-bearing deposits in other banks declined 77 basis points.

Noninterest Income and Expenses

Noninterest income for the second quarter of 2026 was $2.9 million, compared to $2.4 million in the first quarter of 2026 and $828 thousand in the second quarter of 2025. Deposit placement services income — driven by the volume of ICS® One-Way Sell® deposits placed at other banks — was $2.1 million in Q2 2026, compared to $1.7 million in Q1 2026 and $159 thousand in Q2 2025. For the six months ended June 30, 2026, noninterest income was $5.4 million versus $1.5 million for the same period in 2025.

Total noninterest expense for the second quarter of 2026 was $8.0 million, compared to $8.8 million in the first quarter of 2026 and $7.2 million in the second quarter of 2025. A reduction in professional services fees primarily drove the sequential decrease. For the six months ended June 30, 2026, total noninterest expense was $16.9 million compared to $14.7 million for the prior year period, with higher salaries and employment costs as the primary driver.

Balance Sheet and Deposit Growth

The following table presents key balance sheet metrics as of the dates indicated:

Consolidated total deposits were $2.0 billion at June 30, 2026, compared to $1.7 billion at March 31, 2026 and $1.3 billion at June 30, 2025. The increases were driven by changes in political organization deposit balances, as well as growth in other deposit categories such as 501(c)(4) social welfare organization deposits. Political organization deposit balances have continued to increase through the second quarter of 2026, contributing to the $719.6 million year-over-year increase in total consolidated deposits and the $546.8 million year-over-year increase in One-Way Sell® deposits as of June 30, 2026.

Liquidity, Capital, and Trust & Wealth

As of June 30, 2026, the Company's liquidity ratio was 94.03%, compared to 92.73% at March 31, 2026 and 88.21% at June 30, 2025. Cash, cash equivalents, and unpledged securities totaled $1.9 billion at June 30, 2026.

The tangible common equity to tangible total assets ratio was 8.38% at June 30, 2026, compared to 9.11% at March 31, 2026 and 10.86% at June 30, 2025. The Company reported a Tier 1 leverage ratio of 9.39%, a Tier 1 risk-based capital ratio of 49.46%, and a total risk-based capital ratio of 50.45% as of June 30, 2026.

The Trust & Wealth Department oversaw total assets under administration (AUA) of $772.8 million as of June 30, 2026, including $257.4 million in assets under management (AUM) and $515.4 million in assets under custody (AUC), compared to $445.4 million in AUA as of June 30, 2025. Trust and wealth management income was $501 thousand in the second quarter of 2026, compared to $305 thousand in the second quarter of 2025.