Forbright, Inc. — Form 8-K
Filed October 29, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 42/100
What the filing says
Forbright reported Q3 2026 net income of $20.6M ($0.41 diluted EPS) on loan growth of 9.5% QoQ to $6.6B and deposit growth of 15% to $8.4B (including $744M held-for-sale). Net interest income rose 14% QoQ to $72.0M; NIM stable at 3.18%. Credit quality excellent: core net charge-offs 3 bps, total NPAs fell to 0.78% of assets from 1.10%. Branch sale to Trustar Bank for $744M deposits + assets expected Q1 2027. Digital deposits grew 24% YoY to $5.3B.
Why this rating
Strong quarterly execution (EPS, loan/deposit growth, credit) but company remains modest-sized ($9.6B assets). Branch sale is strategic housekeeping, not transformational. Growth is solid but predictable for a mid-market bank.
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