Here are the 8-K filings 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.
An 8-K covers material events a company has to report between its quarterly 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. (FRBT) reported third-quarter net income attributable to the Company of $20.6 million, or $0.41 in diluted earnings per share. Net interest income was $72.0 million, up 13.9% from Q2, and loans reached $6.6 billion, up 9.5% quarter over quarter. Net interest margin was 3.18%, down 1 basis point; the core net charge-off rate was 3 basis points, versus 8 basis points in Q2. For the first nine months, net income attributable to the Company was $36.4 million, compared with $58.3 million a year earlier.
At September 30, total assets were $9.6 billion and deposits were $7.6 billion; the deposit figure excludes $744 million classified as held-for-sale. Cash and investments were $1.9 billion, excluding $721 million of cash held-for-sale. Forbright Bank agreed to sell its Washington, D.C.-area legacy branches and related deposits to Trustar Bank, including deposits valued at $744 million at September 30. Forbright expects regulatory approval in Q4 2026 and closing in Q1 2027. Digital deposits increased by $1 billion during the quarter, driven by promotions.
Forbright, Inc. notified holders on October 21, 2026, that it will redeem all outstanding 5.75% Fixed-to-Floating Rate Subordinated Notes on December 1, 2026. The aggregate principal amount outstanding is $25,000,000.
The redemption price will equal 100% of principal for the Notes redeemed, plus accrued and unpaid interest to, but excluding, December 1, 2026. The Notes are due December 1, 2029.
Forbright, Inc. reported second-quarter 2026 net income of $4.1 million, or $0.09 diluted EPS, down from $11.6 million, or $0.27 diluted EPS, in the prior quarter. Results reflect a $5.6 million write-down of deferred tax assets tied to new public-company compensation tax rules and additional IPO-related expenses, which raised the effective tax rate to 69.0%.
Net interest income increased to $63.1 million from $59.6 million, and net interest margin improved to 3.19% from 3.10%, helped by loan growth and a lower cost of funds. Non-interest income rose to $21.8 million, driven mainly by solar servicing fees, FHA/HUD activity and rental income from the recently acquired headquarters building, while non-interest expenses climbed to $65.8 million due to retention compensation, solar servicing pass-through costs, building ownership and IPO costs.
Total assets grew to $8.5 billion as loans reached $6.1 billion and deposits $7.3 billion, with strong digital deposit growth. Credit quality remained solid, with annualized net charge-offs at 0.20% and non-performing assets at $92.9 million, or 1.09% of assets. Following the IPO, stockholders’ equity increased to $967.2 million and the Common Equity Tier 1 ratio improved to 12.97%, providing capacity to support further balance sheet growth.
Forbright, Inc. reported that it completed its initial public offering of 7,900,000 shares of Class A common stock at $18.00 per share. This offering generated gross proceeds of approximately $142.2 million for the company before underwriting discounts, commissions, and offering expenses.
In connection with the IPO, Forbright amended and restated its certificate of incorporation and adopted amended and restated bylaws, both effective on June 11, 2026. These governing documents, previously approved by the board and stockholders, align the company’s corporate structure with its new status as a public company on Nasdaq.