Every material Form 8-K Forbright, Inc. has filed with the SEC since July 30, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Forbright, Inc. reported third-quarter 2026 results showing net income attributable to the company of $20.6 million, or $0.41 per diluted share, with net interest income up $8.8 million from the prior quarter. Loans grew 9.5% to $6.6 billion, while the net interest margin was roughly flat at 3.18%, and the company's nine-month results still trail the prior year on several measures.
Q3 net income attributable to the company was $20.6 million, or $0.41 per diluted share; return on average stockholders' equity was 8.20%, compared with 1.89% in Q2 2026.
Net interest income was $72.0 million in Q3 2026, up $8.8 million from Q2; the net interest margin was 3.18%, compared with 3.19% in Q2.
Nine-month net interest income was $194.7 million, down $1.3 million from a year earlier, and nine-month return on average stockholders' equity was 5.38%, compared with 10.31%.
The Bank's agreement to sell its Washington, D.C.-area legacy branches and associated deposits to Trustar Bank is expected to close in the first quarter of 2027.
Forbright, Inc. notified holders on October 21, 2026 that it will redeem all outstanding 5.75% Fixed-to-Floating Rate Subordinated Notes due 2029 on December 1, 2026. The $25 million of principal will be repaid at 100% of face value plus accrued interest, which lowers the company's outstanding subordinated debt.
Aggregate principal outstanding: $25 million
Redemption date: December 1, 2026
Redemption price: 100% of principal plus accrued and unpaid interest to the redemption date
Notes were due December 1, 2029; the filing does not state the reason for the redemption
Forbright reported second-quarter 2026 net income of $4.1 million, or $0.09 per diluted share, down from $11.6 million, or $0.27 per diluted share, in the first quarter. Net interest income and non-interest income both rose, but the company said results include a $5.6 million one-time write-down of deferred tax assets tied to stock compensation after its IPO.
Net income was $4.1 million ($0.10 basic, $0.09 diluted EPS) for the quarter ended June 30, 2026, versus $11.6 million ($0.29 basic, $0.27 diluted) for the prior quarter.
Net interest income rose to $63.1 million from $59.6 million, and non-interest income rose to $21.8 million from $15.6 million.
Income tax expense was $9.2 million, an effective tax rate of 69.0%, including the $5.6 million deferred tax asset write-down.
Total non-interest expense was $65.8 million, up from $58.5 million, and the provision for credit losses was $5.9 million.
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