CBNA — what changed in the latest 10-Q
A section-by-section comparison of CBNA's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-05-12 vs the prior 10-Q · 2025-11-07
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +84 | −112 | ~56 | 66 |
| Market risk (Item 3) | Text added/removed | +2 | −2 | ~5 | 3 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 1 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-05-12
Highlights of our results of operations and financial condition as of and for the three months ended March 31, 2026 are provided below.
•Consolidated net income was $7.1 million for the three months ended March 31, 2026, compared to $5.6 million for the three months ended March 31, 2025. Earnings per share for the three months ended March 31, 2026 was $1.08, compared to $0.85 for the three months ended March 31, 2025.
•Net interest income, before recapture of credit losses, was $14.9 million for the three months ended March 31, 2026, compared to $13.8 million for the three months ended March 31, 2025. Net interest income, after recapture of credit losses, was $15.3 million for the three months ended March 31, 202…
•Return on average equity was 16.56% for the three months ended March 31, 2026, compared to 15.39% for the three months ended March 31, 2025.
•Return on average assets for the three months ended March 31, 2026 was 1.59%, compared to 1.43% for the three months ended March 31, 2025.
Text removed vs the prior filing · source: 10-Q · 2025-11-07
In connection with the IPO, on October 3, 2024, the Company filed an Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware, which established two new classes of common stock, Class A common stock, par value $0.01 per share (“Class A Common Stock”) and…
Highlights of our results of operations and financial condition as of and for the nine months ended September 30, 2025 are provided below.
•Consolidated net income was $14.9 million for the nine months ended September 30, 2025, compared to $17.2 million for the nine months ended September 30, 2024. Earnings per share for the nine months ended September 30, 2025 were $2.27, compared to $3.77 for the nine months ended September 30, 2024.…
1 For historical periods presented, all earnings are attributed to Class B shares because no Class A shares were outstanding.
•Net interest income, before provision for, or recapture of, credit losses, was $37.9 million for the nine months ended September 30, 2025, compared to $33.0 million for the nine months ended September 30, 2024. Net interest income, after provision for, or recapture of, credit losses was $38.4 milli…
Market risk (Item 3)
Text added vs the prior filing · source: 10-Q · 2026-05-12
The table below summarizes the results of our IRR analysis in simulating the change in net interest income over a 12-month horizon as of the indicated dates. The “ramped” scenario below presents the anticipated percentage change in net
interest income when rates are increased or decreased in a parallel manner evenly over the 12-month time horizon, and the “immediate” scenario assumes that the parallel rate shift occurs immediately.
Text removed vs the prior filing · source: 10-Q · 2025-11-07
reviews the assumptions on an as-needed basis and at least annually through a thorough examination. Key changes are presented to the ALCO.
The table below summarizes the results of our IRR analysis in simulating the change in net interest income over a 12-month horizon as of the indicated dates. The “ramped” scenario below presents the anticipated percentage change in net interest income when rates are increased or decreased in a paral…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice