Earnings ·
Forbright reports Q3 EPS of $0.41 as net interest income rises 14% to $72M
FRBTForbright, Inc.
Forbright reported third-quarter diluted earnings per share of $0.41 on net income of $20.6 million, driven by a 14% quarter-over-quarter increase in net interest income to $72.0 million and strong loan growth of 9.5%. Total loans reached $6.6 billion, while digital deposits grew by $1.0 billion following promotional efforts. The efficiency ratio improved significantly to 69.65%, and core net charge-offs declined to just 3 basis points. The company also announced an agreement to sell its Washington D.C.-area legacy branches and associated $744 million in deposits to Trustar Bank, with regulatory approval expected in the fourth quarter of 2026 and closing anticipated in the first quarter of 2027. Forbright operates as a financial holding company providing middle-market commercial lending, digital consumer banking, and fee-based advisory services.