Forbright (Nasdaq: FRBT) reported third-quarter 2026 diluted earnings of $0.41 per share, with higher net interest income and loan balances. Net income attributable to the company was $20.6 million. Net interest income rose 14% quarter over quarter to $72.0 million, while loans grew 9.5% to $6.6 billion. Net interest margin slipped to 3.18% from 3.19%. The provision for credit losses fell to $1.5 million from $5.9 million.
Digital deposits grew by $1 billion, driven by promotions. Forbright agreed to sell its Washington-area legacy branches and associated deposits to Trustar Bank, with regulatory approval expected in the fourth quarter of 2026 and closing expected in the first quarter of 2027. An IPO overallotment issuance raised $17.1 million net. Forbright expects 2027 operating expenses, excluding Solar Servicing reimbursable expenses, to remain largely flat.
Forbright Bank (FRBT) announced its 2026 Savings Survey results, examining savings habits and attitudes toward money among more than 3,200 Americans.
71% of Millennials reported regularly contributing to an emergency fund, the highest share among generations. Comfort discussing money ranged from 72% of Gen Z respondents to 31% of Baby Boomers. Among Forbright customers, 66% reported autopaying bills to avoid late fees. The survey identified regular saving, budgeting, reducing unnecessary spending and paying down debt as habits supporting financial wellness.
Qualtrics conducted the email survey in April and May 2026, with 3,241 respondents: 1,389 Growth Savings customers and 1,852 general U.S. consumers.
Forbright (FRBT) has scheduled the release of its third quarter 2026 financial results for October 29, 2026. Results and an investor presentation will be available at ir.forbrightbank.com at approximately 6:00 a.m. ET. A conference call at 8:00 a.m. ET that day will review performance for the quarter ended September 30, 2026.
Forbright Bank (NASDAQ: FRBT) agreed to sell its Washington, D.C.-area legacy branches and about $750 million in local deposits to Trustar Bank for an estimated $19 million deposit premium. The deal covers branches in Potomac and North Bethesda, a customer service hub in McLean, and excludes deposits tied to Forbright’s national lending and digital strategies.
Forbright anticipates closing in the fourth quarter of 2026, subject to regulatory approvals and conditions, and expects the transaction to be accretive to 2027 earnings. The move supports a strategy centered on national digital banking, specialized middle-market lending, and fee-based advisory and servicing, leveraging a digital platform serving over 100,000 accounts.
Forbright (Nasdaq: FRBT) reported second-quarter 2026 net income of $4.1 million, or $0.10 basic and $0.09 diluted EPS, down from $11.6 million in the first quarter. Results included a $5.6 million deferred tax asset write-down and additional IPO-related expenses of $0.9 million for the quarter and $3.1 million year-to-date.
Net interest income rose to $63.1 million and net interest margin to 3.19%. Total loans grew to $6.1 billion, deposits to $7.3 billion, and total assets to $8.5 billion. Non-interest income increased to $21.8 million. Provision for credit losses was $5.9 million, with net charge-offs of 0.20% of average loans. Stockholders’ equity increased to $967.2 million, driven mainly by the IPO that raised $131.0 million in net proceeds.
Forbright (Nasdaq: FRBT) will release its second quarter 2026 financial results on Thursday, July 30, 2026, at approximately 6:00 a.m. ET.
The company will host a conference call at 8:00 a.m. ET, with materials and webcast available on its Investor Relations website.
Forbright (Nasdaq: FRBT) closed its initial public offering of 7,900,000 Class A shares at $18.00 per share, generating approximately $142.2 million in gross proceeds. Trading on the Nasdaq Global Select Market began June 11, 2026, and underwriters have a 30-day option for up to 1,185,000 additional shares.