Forbright (NASDAQ:FRBT) Posts Earnings Results, Misses Expectations By $0.04 EPS

Posted by George Bondi on Jul 30th, 2026

Forbright (NASDAQ:FRBT – Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.04), Zacks reports.

Here are the key takeaways from Forbright’s conference call:

Positive Sentiment: Loan growth accelerated, with total loans increasing by approximately $275 million and $1.2 billion in new or upsized commitments. Management expects growth to accelerate further in the second half of 2026, supported by strong pipelines across healthcare, lender finance, commercial real estate, and the newly launched asset-finance business.
Positive Sentiment: Credit performance remained strong, with core net charge-offs at 8 basis points and total net charge-offs declining to $2.7 million from $4.1 million in Q1. Management said national lending portfolios are performing well, though remaining credit issues are concentrated in shrinking legacy portfolios.
Positive Sentiment: Digital deposits grew 9% quarter over quarter, surpassing 100,000 accounts, with roughly 90% FDIC insured. The new promotional deposit capability exceeded expectations, potentially allowing Forbright to grow deposits ahead of plan and reduce funding costs sooner than anticipated.
Positive Sentiment: Net interest income increased 6% to $63.1 million, while net interest margin expanded 9 basis points as loan yields improved modestly and funding costs declined. Management also expects additional funding-cost benefits after Q3 as stronger deposit growth reduces reliance on higher-cost funding.
Negative Sentiment: Reported net income was affected by higher expenses and taxes, including a $3.9 million employee-retention charge, $3.2 million of solar-servicing pass-through expenses, $900,000 of headquarters-related costs, and a 69% quarterly tax rate. Management expects the tax rate to fall to approximately 20% in the second half of 2026 and continues targeting a medium-term efficiency ratio of 50% or below.

Forbright Stock Performance

FRBT remained flat at $19.63 during midday trading on Thursday. 61,411 shares of the company’s stock were exchanged, compared to its average volume of 134,066. Forbright has a 52-week low of $17.48 and a 52-week high of $22.00.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Wall Street Zen raised shares of Forbright from a “sell” rating to a “hold” rating in a report on Monday, July 20th. Barclays initiated coverage on shares of Forbright in a report on Monday, July 6th. They set an “overweight” rating and a $23.00 price target on the stock. JPMorgan Chase & Co. began coverage on shares of Forbright in a research note on Monday, July 6th. They issued a “neutral” rating and a $21.00 price objective for the company. Piper Sandler initiated coverage on Forbright in a report on Monday, July 6th. They set a “neutral” rating and a $21.50 price target on the stock. Finally, TD Cowen started coverage on Forbright in a research report on Monday, July 6th. They issued a “buy” rating on the stock. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Forbright currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.00.

Read Our Latest Stock Analysis on Forbright

Forbright (NASDAQ:FRBT) Posts Earnings Results, Misses Expectations By $0.04 EPS

Forbright Stock Performance

Analyst Upgrades and Downgrades

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