Median Technologies: Half Year Liquidity Contract Statement
Under the liquidity contract entrusted by Median Technologies (PARIS: ALMDT, FR0011049824, ALMDT, PEA/SME eligible, 'Median' or 'the Company') to TP ICAP (Europe), the following resources were listed in the liquidity account as of June 30, 2025:
60,808 shares
€58,893.66 in cash
Transactions during the first half 2025:
For information, as of December 31, 2024, the following resources were listed in the liquidity contract:
30,559 shares
€134,615.99 in cash
For information, as of May 4th, 2020, when the new liquidity contract was set up, the following resources were listed in the liquidity account:
4,404 shares
€173,829.64 in cash
TP ICAP (Europe) is authorized and regulated by the Autorité de Contrôle Prudentiel (ACPR) and the Autorité des Marchés Financiers (AMF).
The daily transaction table is provided in the appendix to this press release.
About Median Technologies: Pioneering innovative software as a medical device and imaging services, Median Technologies harnesses cutting-edge AI to enhance the accuracy of early cancer diagnoses and treatments. Median's offerings include iCRO, which provides medical image analysis and management in oncology trials, and eyonis ®, an AI/ML tech-based suite of software as a medical device (SaMD). Median empowers biopharmaceutical entities and clinicians to advance patient care and expedite the development of novel therapies. The French-based company, with a presence in the U.S. and China, trades on the Euronext Growth market (ISIN: FR0011049824, ticker: ALMDT). Median is also eligible for the French SME equity savings plan scheme (PEA-PME). For more information, visit www.mediantechnologies.com.
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Forward-looking statements include information concerning our possible or assumed future results of operations. These forward-looking statements are generally identified by the use of forward-looking terminology, including the terms 'anticipate,' 'believe,' 'could,' 'estimate,' 'expect,' 'intend,' 'may,' 'plan,' 'potential,' 'predict,' 'project,' 'should,' 'target,' 'will,' 'would' and, in each case, their negative or other variations or comparable terminology and expressions. Actual results, performance, or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements. Any forward-looking statements presented herein are made only as of the date of this press release, and the Company does not undertake any obligation to update or revise any forward-looking statements to reflect changes in assumptions, new information, the occurrence of unanticipated events, or otherwise, except as required by law. Forward-looking statements include, among other things, statements relating to: (i) changes in trade, monetary and fiscal policies of, and other activities undertaken by, governments, agencies, central banks or similar organizations, including the effects of United States federal government spending and tariffs; (ii) the level of, or changes in the level of, interest rates and inflation, including the effects on our net interest income, noninterest income, and the market value of our investment and loan portfolios; (iii) the level and composition of our deposits, including our ability to attract and retain, and the seasonality of, client deposits, including those in the ICS ® network, as well as the amount and timing of deposit inflows and outflows and the concentration of our deposits; (iv) our future net interest margin, net interest income, net income, and return on equity; (v) our political organization clients' fundraising and disbursement activities; (vi) the level and composition of our loan portfolio, including our ability to maintain the credit quality of our loan portfolio; (vii) current and future business, economic and market conditions in the United States generally or in the Washington, D.C. metropolitan area in particular; (viii) the effects of disruptions or instability in the financial system, including as a result of the failure of a financial institution or other participants in it, or geopolitical instability, including war, terrorist attacks, pandemics and man-made and natural disasters; (ix) the impact of, and changes, in applicable laws, regulations, regulatory expectations and accounting standards and policies; (x) our likelihood of success in, and the impact of, legal, regulatory or other actions, investigations or proceedings related to our business; (xi) adverse publicity or reputational harm to us, our senior officers, directors, employees or clients; (xii) our ability to effectively execute our growth plans or other initiatives; (xiii) changes in demand for our products and services; (xiv) our levels of, and access to, sources of liquidity and capital; (xv) the ability to attract and retain essential personnel or changes in our essential personnel; (xvi) our ability to effectively compete with banks, nonbank financial institutions, and financial technology firms and the effects of competition in the financial services industry on our business; (xvii) the effectiveness of our risk management and internal disclosure controls and procedures; (xviii) any failure or interruption of our information and technology systems, including any components provided by a third party; (xix) our ability to identify and address cybersecurity threats and breaches; (xx) our ability to keep pace with technological changes; (xxi) our ability to receive dividends from the Bank and satisfy our obligations as they become due; (xxii) the incremental costs of operating as a public company; (xxiii) our ability to meet our obligations as a public company, including our obligation under Section 404 of the Sarbanes-Oxley Act; and (xxiv) the effect of our dual-class structure and the concentrated ownership of our Class B common stock, including beneficial ownership of our shares by members of the Fitzgerald Family. You should not rely upon forward-looking statements as predictions of future events. We have based the forward-looking statements contained in this press release primarily on our current expectations and projections about future events and trends that we believe may affect our business, financial condition, results of operations and prospects. The outcome of the events described in these forward-looking statements is subject to risks, uncertainties and other factors, including the risks described in the 'Risk Factors' section of the Company's most recent Annual Report on Form 10-K for the year ended December 31, 2024, available at the Securities and Exchange Commission's website ( (unaudited) As of or For the Three Months Ended As of or For the Six Months Ended Key Performance Indicators Net income $ 4,584 $ 5,607 $ 5,805 $ 10,191 $ 9,722 Return on average assets 1 1.30 % 1.43 % 1.87 % 1.37 % 1.64 % Return on average risk-weighted assets 1,2 4.79 % 5.74 % 5.77 % 5.28 % 4.81 % Return on average equity 1 11.93 % 15.39 % 25.82 % 13.61 % 22.20 % Yield on average interest-earning assets 1,3 3.67 % 3.79 % 3.73 % 3.73 % 3.61 % Cost of funds 1,4 0.31 % 0.25 % 0.32 % 0.28 % 0.33 % Net interest margin 1,5 3.39 % 3.56 % 3.43 % 3.48 % 3.30 % Efficiency ratio 6 56.71 % 52.06 % 45.48 % 54.22 % 49.68 % Balance Sheet and Other Highlights Total assets $ 1,445,127 $ 1,726,860 $ 1,412,017 $ 1,445,127 $ 1,412,017 Interest-bearing reserves held at the Federal Reserve 7 364,841 620,270 471,170 364,841 471,170 Total debt securities 8 758,497 774,605 600,739 758,497 600,739 U.S. Treasury securities 8 426,193 437,950 244,246 426,193 244,246 Total gross loans 9 287,813 302,002 305,305 287,813 305,305 Total deposits 1,281,915 1,568,392 1,303,340 1,281,915 1,303,340 ICS ® One-Way Sell ® Deposits Total ICS ® One-Way Sell ® Deposits 10 $ 121,171 $ 93,189 $ 499,247 $ 121,171 $ 499,247 Fiduciary Assets Trust & Wealth Department: Total assets under administration (AUA) $ 445,364 $ 409,389 $ 364,020 $ 445,364 $ 364,020 Assets under management (AUM) 158,082 137,823 98,035 158,082 98,035 Assets under custody (AUC) 287,282 271,566 265,985 287,282 265,985 Liquidity & Asset Quality Metrics Liquidity ratio 11 88.21 % 89.14 % 82.64 % 88.21 % 82.64 % Loan-to-deposit ratio 22.45 % 19.26 % 23.42 % 22.45 % 23.42 % Non-performing assets to total assets — % — % — % — % — % Net charge offs (recoveries) / average loans outstanding — % — % — % — % — % Allowance for credit losses on loans to gross loans outstanding 1.46 % 1.48 % 1.42 % 1.46 % 1.42 % Allowance for credit losses on held to maturity securities /gross held to maturity securities 0.05 % 0.06 % 0.08 % 0.05 % 0.08 % 1 Ratios for interim periods are presented on an annualized basis. 2 Return on average risk-weighted assets is calculated as net income divided by average risk-weighted assets. Average risk-weighted assets are calculated using the last two quarter ends with respect to the three-month periods presented, and the last three quarter ends with respect to the six-month periods presented. 3 Yield on average interest-earning assets is calculated as total interest and dividend income divided by average interest-earning assets. 4 Cost of funds is calculated as total interest expense divided by the sum of average total interest-bearing liabilities and average demand deposits. 5 Net interest margin is net interest income expressed as a percentage of average interest-earning assets. 6 Efficiency ratio is calculated as non-interest expense divided by the sum of net interest income and non-interest income. 7 Included in 'interest-bearing deposits in other banks' on the consolidated balance sheets. 8 Total debt securities and U.S. Treasury securities are calculated as the sum of securities available for sale (AFS) and securities held to maturity (HTM). AFS securities are reported at fair value, and held to maturity securities are reported at carrying value, net of allowance for credit losses. 9 Includes loans held for sale. 10 IntraFi Cash Service (ICS ®) One-Way Sell ® are deposits placed at other banks through the ICS ® network. One-Way Sell ® deposits are not included in the total deposits on the Company's consolidated balance sheets. The Bank has the flexibility, subject to the terms and conditions of the IntraFi Participating Institution Agreement, to convert these One-Way Sell ® deposits into reciprocal deposits which would then appear on the Company's consolidated balance sheets. 11 Liquidity ratio is calculated as the sum of cash and cash equivalents and unpledged investment grade securities, expressed as a percentage of total liabilities. Chain Bridge Bancorp, Inc. and Subsidiary Consolidated Financial Highlights (Dollars in thousands, except per share data) (unaudited) As of or For the Three Months Ended As of or For the Six Months Ended June 30, 2025 March 31, 2025 June 30, 2024 June 30, 2025 June 30, 2024 Capital Information 12 Tangible common equity to tangible total assets ratio 13 10.86 % 8.77 % 6.66 % 10.86 % 6.66 % Tier 1 capital $ 162,682 $ 158,098 $ 104,736 $ 162,683 $ 104,736 Tier 1 leverage ratio 11.45 % 9.88 % 8.30 % 11.45 % 8.30 % Tier 1 risk-based capital ratio 43.48 % 40.24 % 26.27 % 43.48 % 26.27 % Total regulatory capital $ 167,019 $ 162,748 $ 109,321 $ 167,019 $ 109,321 Total risk-based regulatory capital ratio 44.64 % 41.43 % 27.42 % 44.64 % 27.42 % Double leverage ratio 14 91.50 % 91.41 % 110.56 % 91.50 % 110.56 % Chain Bridge Bancorp, Inc. Share Information (as adjusted for Reclassification) 15 Number of shares outstanding 6,561,817 6,561,817 4,568,920 6,561,817 4,568,920 Class A number of shares outstanding 3,143,846 3,119,317 — 3,143,846 — Class B number of shares outstanding 3,417,971 3,442,500 4,568,920 3,417,971 4,568,920 Book value per share $ 23.92 $ 23.09 $ 20.57 $ 23.92 $ 20.57 Earnings per share, basic and diluted $ 0.70 $ 0.85 $ 1.27 $ 1.55 $ 2.13 Expand 12 Company-level capital information is calculated in accordance with banking regulatory accounting principles specified by regulatory agencies for supervisory reporting purposes. 13 The ratio of tangible common equity to tangible total assets is calculated in accordance with GAAP and represents common equity divided by total assets. The Company did not have any goodwill or other intangible assets for the periods presented. 14 Double leverage ratio represents Chain Bridge Bancorp, Inc.'s investment in Chain Bridge Bank, N.A. divided by Chain Bridge Bancorp, Inc.'s consolidated equity. 15 On October 3, 2024, the Company filed an Amended and Restated Certification of Incorporation with the Secretary of State of the State of Delaware, which reclassified and converted each outstanding share of the Company's existing common stock, par value $1.00 per share into 170 shares of Class B Common Stock (the "Reclassification"). Historical share information is presented on an as adjusted basis giving effect to the Reclassification. The number of basic and diluted weighted average shares used in computing earnings per share are the same because there are no potentially dilutive instruments. Expand Chain Bridge Bancorp, Inc. and Subsidiary Consolidated Balance Sheets (Dollars in thousands, except per share data) (unaudited) June 30, 2025 December 31, 2024 16 June 30, 2024 Assets Cash and due from banks $ 11,586 $ 3,056 $ 13,503 Interest-bearing deposits in other banks 365,678 407,683 474,522 Total cash and cash equivalents 377,264 410,739 488,025 Securities available for sale, at fair value 469,292 358,329 292,770 Securities held to maturity, at carrying value, net of allowance for credit losses of $144, $202, and $248 respectively (fair value of $274,066, $278,951 and $282,208, respectively) 289,205 300,451 307,969 Equity securities, at fair value 532 515 505 Restricted securities, at cost 3,383 2,886 2,736 Loans held for sale — 316 590 Loans, net of allowance for credit losses of $4,193, $4,514 and $4,337, respectively 283,620 308,773 300,378 Premises and equipment, net of accumulated depreciation of $7,523, $7,285, and $7,042, respectively 11,858 9,587 9,706 Accrued interest receivable 5,357 4,231 4,438 Other assets 4,616 5,297 4,900 Total assets $ 1,445,127 $ 1,401,124 $ 1,412,017 Liabilities and stockholders' equity Liabilities Deposits: Noninterest-bearing $ 894,968 $ 913,379 $ 1,078,145 Savings, interest-bearing checking and money market accounts 376,961 324,845 213,124 Time, $250 and over 5,032 6,510 6,559 Other time 4,954 5,201 5,512 Total deposits 1,281,915 1,249,935 1,303,340 Short-term borrowings — — 10,000 Accrued interest payable 82 46 91 Accrued expenses and other liabilities 6,182 6,897 4,593 Total liabilities 1,288,179 1,256,878 1,318,024 Commitments and contingencies Stockholders' equity Preferred Stock: 17 No par value, 10,000,000 shares authorized, no shares issued and outstanding — — — Class A Common Stock: 17 $0.01 par value, 20,000,000 shares authorized, 3,143,846, 3,049,447, and no shares issued and outstanding, respectively 31 30 — Class B Common Stock: 17 $0.01 par value, 10,000,000 shares authorized, 3,417,971, 3,512,370, and 4,568,920 shares issued and outstanding, respectively 34 35 46 Additional paid-in capital 74,785 74,785 38,276 Retained earnings 87,832 77,641 66,414 Accumulated other comprehensive loss (5,734 ) (8,245 ) (10,743 ) Total stockholders' equity 156,948 144,246 93,993 Total liabilities and stockholders' equity $ 1,445,127 $ 1,401,124 $ 1,412,017 Expand 16 Derived from audited financial statements. 17 On October 3, 2024, the Company filed an Amended and Restated Certification of Incorporation with the Secretary of State of the State of Delaware, which reclassified and converted each outstanding share of the Company's existing common stock, into 170 shares of Class B Common Stock (the 'Reclassification'). The Reclassification also authorized 20,000,000 shares of Class A Common Stock, and 10,000,000 shares of Preferred Stock. Historical share information is presented on an as adjusted basis giving effect to the Reclassification. All shares and balances from previously held common stock are reflected in Class B Common Stock. Expand Chain Bridge Bancorp, Inc. and Subsidiary Consolidated Statements of Income (Dollars in thousands, except per share data) (unaudited) Three Months Ended Six Months Ended June 30, 2025 March 31, 2025 June 30, 2025 June 30, 2024 Interest and dividend income Interest and fees on loans $ 3,356 $ 3,589 $ 3,391 $ 6,945 $ 6,671 Interest and dividends on securities, taxable 5,274 4,607 2,872 9,881 5,738 Interest on securities, tax-exempt 279 282 285 561 579 Interest on interest-bearing deposits in banks 3,856 6,263 4,943 10,119 8,202 Total interest and dividend income 12,765 14,741 11,491 27,506 21,190 Interest expense Interest on deposits 971 893 815 1,864 1,623 Interest on short-term borrowings — — 102 — 201 Total interest expense 971 893 917 1,864 1,824 Net interest income 11,794 13,848 10,574 25,642 19,366 Provision for (recapture of) credit losses Provision for (recapture of) loan credit losses (283 ) (38 ) 13 (321 ) 18 Provision for (recapture of) securities credit losses (31 ) (27 ) (111 ) (58 ) (310 ) Total provision for (recapture of) credit losses (314 ) (65 ) (98 ) (379 ) (292 ) Net interest income after provision for (recapture of) credit losses 12,108 13,913 10,672 26,021 19,658 Noninterest income Trust and wealth management 305 270 239 575 426 Service charges on accounts 261 240 321 501 632 Deposit placement services 159 133 2,031 292 3,153 Gain on sale of mortgage loans 14 13 12 27 12 Other income 89 39 27 128 55 Total noninterest income 828 695 2,630 1,523 4,278 Noninterest expenses Salaries and employee benefits 4,130 4,408 3,788 8,538 7,273 Professional services 801 893 483 1,694 948 Data processing and communication expenses 733 666 664 1,399 1,259 State franchise taxes 349 351 148 700 351 Occupancy and equipment expenses 258 251 237 509 512 FDIC and regulatory assessments 202 228 155 430 348 Insurance expenses 153 149 60 302 120 Directors fees 144 146 171 290 332 Other operating expenses 389 479 299 868 603 Total noninterest expenses 7,159 7,571 6,005 14,730 11,746 Net income before taxes 5,777 7,037 7,297 12,814 12,190 Income tax expense 1,193 1,430 1,492 2,623 2,468 Net income $ 4,584 $ 5,607 $ 5,805 $ 10,191 $ 9,722 Earnings per common share, basic and diluted - Class A and Class B 18 $ 0.70 $ 0.85 $ 1.27 $ 1.55 $ 2.13 Weighted average common shares outstanding, basic and diluted - Class A 18 3,125,918 3,088,810 — 3,107,466 — Weighted average common shares outstanding, basic and diluted - Class B 18 3,435,899 3,473,007 4,568,920 3,454,351 4,568,791 Expand 18 Share information presented prior to the Reclassification date of October 3, 2024 gives effect to the Reclassification and attributes all earnings to Class B shares because no Class A shares were outstanding prior to the Reclassification. The number of basic and diluted shares are the same because there are no potentially dilutive instruments. Except in regard to voting and conversion rights, the rights of Class A Common Stock and Class B Common Stock are identical, and the classes rank equally and share ratably with regard to all other matters. Each share of Class B Common Stock is convertible at any time into one share of Class A Common Stock. Expand The following tables show the average outstanding balance of each principal category of our assets, liabilities and stockholders' equity, together with the average yields on our interest-earning assets and the average costs of our interest-bearing liabilities for the periods indicated. Such yields and costs are calculated by dividing the annualized income or expense by the average daily balances of the corresponding assets or liabilities for the same period. Chain Bridge Bancorp, Inc. and Subsidiary Average Balance Sheets, Interest, and Yields/Costs (continued) (unaudited) Six months ended June 30, 2025 2024 ($ in thousands) Average balance Interest Average yield/cost Average balance Interest Average yield/cost Assets: Interest-earning assets: Interest-bearing deposits in other banks $ 455,516 $ 10,119 4.48 % $ 300,347 $ 8,202 5.49 % Investment securities, taxable 19 665,902 9,881 2.99 % 512,174 5,738 2.25 % Investment securities, tax-exempt 1 63,487 561 1.78 % 64,106 579 1.82 % Loans 301,666 6,945 4.64 % 303,022 6,671 4.43 % Total interest-earning assets 1,486,571 27,506 3.73 % 1,179,649 21,190 3.61 % Less allowance for credit losses (4,680 ) (4,676 ) Noninterest-earning assets 20,493 15,445 Total assets $ 1,502,384 $ 1,190,418 Liabilities and Stockholders' Equity Interest-bearing liabilities: Savings, interest-bearing checking and money market $ 338,454 $ 1,719 1.02 % $ 228,616 $ 1,406 1.24 % Time deposits 10,927 145 2.67 % 14,934 217 2.92 % Short term borrowings 2 4 — 5.35 % 5,110 201 7.91 % Total interest-bearing liabilities 349,385 1,864 1.08 % 248,660 1,824 1.48 % Non-interest-bearing liabilities: Demand deposits 995,388 848,719 Other liabilities 6,621 4,976 Total liabilities 1,351,394 1,102,355 Stockholders' equity 150,990 88,063 Total liabilities and stockholders' equity $ 1,502,384 $ 1,190,418 Net interest income $ 25,642 $ 19,366 Net interest margin 3.48 % 3.30 % Expand 19 Average balances for securities transferred from AFS to HTM at fair value are shown at carrying value. Average balances for AFS are shown at fair value, and all other HTM bonds are shown at amortized cost. 20 The yield for short term borrowings reflects interest expense incurred during the period. The amount of interest expense was less than our rounding threshold and is therefore displayed as $0. Expand
