AI-extracted from the 10-Q filed 2026-08-11 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Net income doubled to $9.5M in Q2 2026 from $4.6M in Q2 2025, driven by 44.6% growth in net interest income and 255.7% surge in deposit placement services fees from ICS® One-Way Sell® deposits.
Biggest Revenue Drivers
Net interest income after recapture of credit losses$17.092M+41.2% QoQ (three months)
Increase driven by higher average balances in interest-bearing deposits in other banks and taxable investment securities, with improved yields on taxable securities.
Deposit placement services$2.055M+1,192.5% QoQ
Fee income on One-Way Sell® deposits sold through ICS® network; average One-Way Sell® deposits significantly higher year-over-year.
Biggest Revenue Drivers
Net interest income after recapture of credit losses$17.092M+41.2% QoQ (three months)
Increase driven by higher average balances in interest-bearing deposits in other banks and taxable investment securities, with improved yields on taxable securities.
Deposit placement services$2.055M+1,192.5% QoQ
Fee income on One-Way Sell® deposits sold through ICS® network; average One-Way Sell® deposits significantly higher year-over-year.
Trust and wealth management$501K+64.3% QoQ
Growth driven by rise in total assets under administration to $772.8M, with AUM increasing 62.8% from prior year.
Service charges on accounts$345K+32.2% QoQ
Higher transaction volume, particularly among ACH originations, check processing, and wire transfers.
Largest Expense Items
Salaries and employee benefits$4.937M+19.5% QoQ
Higher headcount and salary increases.
Data processing and communication expenses$847K+15.6% QoQ
Increased costs associated with enhanced information technology functionality.
Professional services$483K-39.7% QoQ
Decline driven by lower legal expenses and recruiting costs.
Margins: Net interest margin improved to 3.45% for Q2 2026 from 3.39% in Q2 2025, reflecting higher yields on reinvested securities and favorable mix of earning assets. However, on a six-month basis, net interest margin declined slightly to 3.43% from 3.48% as average interest-earning assets grew faster than net interest income.
Watch Items from the Filing
Deposit concentration: Three clients represent 20.0% of total deposits ($401.2M) as of June 30, 2026. Political organization deposits are highly seasonal and cyclical, with significant outflows expected post-election.
Interest rate sensitivity: Asset-sensitive position means net interest income declines if rates fall. Federal Reserve held rates steady at 3.65% through Q2 2026 after three 25bp cuts in 2025; further rate cuts would adversely affect earnings.
Uninsured deposits: Approximately 80.8% of deposits ($1.6B) are uninsured as of June 30, 2026, creating liquidity risk if confidence erodes.
ICS® dependency: $668.0M in One-Way Sell® deposits managed through ICS® network; conversion or withdrawal of these deposits could materially impact balance sheet composition and deposit placement fee income.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
About CHAIN BRIDGE BANCORP INC (CBNA): stock profile, AI score and financials
CHAIN BRIDGE BANCORP INC (CBNA) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. 13F Pro's AI-powered ranking engine scores CBNA at 66.5/100 on a composite quality score built from its SEC filings, placing it at rank #408 of 2,925 stocks — the top 25% of the AI-ranked universe. CBNA scores in the top quartile across profitability (96.2), revenue growth (85.4), free cash flow (79.9). Areas of concern include revenue scale (11.4) and earnings quality (23.7), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), CHAIN BRIDGE BANCORP INC reports quarterly revenue of $20.0M, net income of $9.5M, an operating margin of 60.0%. Top institutional holders of CBNA by reported 13-F value include Hingham Institution for Savings, ROYCE & ASSOCIATES, FJ Capital Management, based on the most recent SEC filings. CBNA trades on the NYSE exchange and files with the SEC under CIK 1392272. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate CBNA daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for CHAIN BRIDGE BANCORP INC directly from SEC EDGAR.