Here are the 10-Q quarterly reports from Forbright, Inc. (FRBT) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow FRBT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FRBT filings page.
Forbright, Inc. reported modest balance-sheet growth but significantly lower profitability for the three and six months ended June 30, 2026. Total assets rose to $8.51 billion from $7.89 billion at year-end 2025, driven by loan growth, higher cash balances, and a stable securities portfolio. Loans held for investment at amortized cost increased to $5.60 billion from $5.22 billion, while total deposits grew to $7.27 billion from $6.78 billion, with strong growth in savings and money market balances.
Quarterly net interest income was $63.1 million, roughly flat year over year, as higher loan interest income was offset by higher deposit costs. Non-interest income more than doubled to $21.8 million, helped by $6.9 million of servicing income and higher other non-interest income. However, non-interest expense rose sharply to $65.8 million from $48.3 million, including higher compensation, professional fees, and loan administration costs. Combined with a higher effective tax rate of 69.0%, quarterly net income fell to $4.1 million from $15.1 million; six‑month net income declined to $15.8 million from $26.2 million.
Capital strengthened meaningfully. Common equity increased to $967.2 million from $822.4 million, primarily from the IPO, which added 7.9 million Class A shares and $131.0 million of net proceeds, with an additional over-allotment issuance disclosed after quarter-end. The company acquired its headquarters building for $37.4 million and assumed operating leases to tenants, generating $1.4 million of lease income in the quarter, and continues to report low levels of other real estate owned and a loan allowance coverage of $54.6 million on the portfolio.