CHAIN BRIDGE BANCORP INC (CBNA) FY2024 10-K Annual Report

Filed: Mar 21, 2025
Financials
National Commercial BanksSEC EDGAR

CHAIN BRIDGE BANCORP INC (CBNA) 10-K annual report for fiscal year 2024, filed with SEC EDGAR on Mar 21, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

CHAIN BRIDGE BANCORP INC FY2024 10-K Analysis

Business Overview

  • Core business: Nationwide commercial and personal banking services emphasizing liquidity, asset quality, trust, and wealth management
  • New IPO in October 2024 raised $36.5M net proceeds, supporting capital and potential strategic expansion
+3 more insights

Management Discussion & Analysis

  • Revenue: Net interest income $44.4M in 2024 vs $27.7M in 2023 (+59.9%), noninterest income $8.58M vs $3.28M (+161.5%)
  • Profitability: Net income $20.9M in 2024 vs $8.8M in 2023 (+137.2%), return on average equity 20.05% vs 11.90%, return on average assets 1.62% vs 0.86%
+3 more insights

Risk Factors

  • Regulatory risk: Extensive and evolving anti-money laundering and sanctions laws increase compliance costs and risk of penalties or reputational damage
  • Geopolitical/macroeconomic risk: 32.22% of deposits from political organizations subject to seasonality and campaign finance law changes affecting deposit stability
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CHAIN BRIDGE BANCORP INC FY2024 Key Financial Metrics
XBRL

Revenue

$48M

+51.2% YoY

Net Income

$21M

+137.2% YoY

Net Margin

43.6%

+1580bp YoY

ROE

14.5%

+394bp YoY

Total Assets

$1.4B

+16.3% YoY

EPS (Diluted)

$4.17

+116.1% YoY

Operating Cash Flow

$22M

+70.1% YoY

Source: XBRL data from CHAIN BRIDGE BANCORP INC FY2024 10-K filing on SEC EDGAR. All figures in USD.

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