secwatch.observer — SEC 8-K summary
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Issuer:     Forbright, Inc. (FRBT)
CIK:        0001925062
Form:       8-K
Filed at:   2026-07-30T10:10:50+00:00
Accession:  0001925062-26-000016
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Forbright Q2 net income $4.1M ($0.10 EPS) down from $11.6M in Q1; NII up to $63.1M, NIM expands to 3.19%
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- Net income $4.1M, basic EPS $0.10, diluted $0.09; Q1 net income was $11.6M ($0.29 basic).
- Net interest income $63.1M, up $3.6M QoQ; net interest margin 3.19%, +9 bps QoQ.
- Total loans $6.1B, total deposits $7.3B; provision for credit losses $5.9M, net charge-off ratio 0.20%.
- Efficiency ratio 77.39%; return on avg tangible common equity 2.19% (non-GAAP).
- One-time costs: $5.6M write-down of deferred tax assets and $0.9M IPO expenses in Q2.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1925062/000192506226000016/0001925062-26-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1925062/000192506226000016/frbt-20260730.htm
  HTML page:      https://secwatch.observer/filing/0001925062-26-000016

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer