Forbright, Inc. reported second quarter 2026 financial results with net income of $4.1 million, or $0.09 diluted earnings per share, a decline from $11.6 million in the prior quarter. The decrease was primarily driven by a $5.6 million one-time write-down of deferred tax assets related to IPO stock compensation rules and other IPO expenses totaling $4.8 million for the period. Net interest income rose 6% to $63.1 million, expanding net interest margin by 9 basis points to 3.19%. Total loans grew 4.8% quarter-over-quarter to $6.1 billion, while total deposits increased 1.8% to $7.3 billion. Stockholders' equity reached $967.2 million, bolstered by $131.0 million in net proceeds from the company's initial public offering. Forbright, Inc. is a bank holding company operating Forbright Bank, providing nationwide middle-market lending and digital consumer banking services.

Forbright, Inc. completed its initial public offering of 7,900,000 shares of Class A common stock at $18.00 per share, generating approximately $142.2 million in gross proceeds. The company also amended and restated its certificate of incorporation and bylaws effective June 11, 2026, to prepare for the IPO. Forbright, Inc. is a Delaware corporation involved in investment and capital management services.