Forbright

General Information
Business:

(Incorporated in Delaware) 

We are a digital-first bank that offers a financial services platform. We are also a commercial lender that specializes in sustainable finance. Our services include middle-market lending, asset management services and strategic advisory services.

Forbright operates at the intersection of two powerful, structural forces reshaping the U.S. banking sector: the rapidly evolving needs of the $10 trillion national middle market and the broadly accelerating shift toward digital-first banking. Together, these trends have created a distinctive opportunity for the establishment and growth of a category-defining bank of the future, combining modern technology, differentiated lending and deposit products, and scaled fee-based businesses to serve dynamic middle-market companies and consumers.

Forbright offers a modern financial services platform spanning nationwide middle-market lending, digital consumer banking, strategic advisory and asset management services. We trace our history back to Congressional Bank, established in 2003, but our period of growth and modernization began in 2020 when John Delaney returned from public service to the private sector to lead a $369 million capital infusion in 2021 as well as the reimagining and rebranding of the Company to support our new growth strategy. A key to our success in building Forbright has been management’s differentiated ability to leverage its experience and relationships to attract and retain world-class talent aligned with our mission.

Note: Net income and revenue are for the 12 months that ended on March 31, 2026.

(Note: Forbright disclosed the terms for its IPO – 7.9 million shares at a price range of $18.00 to $20.00 – to raise $150.1 million, if priced at the $19.00 mid-point of its range. Background: Forbright filed its S-1 for its IPO on May 15, 2026, and did not disclose the terms. Estimated proceeds were $100 million, a placeholder figure.)

Industry: Banking - State Commercial Bank
Employees: 545
Founded: 2003
Contact Information
Address 4445 Willard Ave, Suite 1000 Chevy Chase, Maryland 20815
Phone Number (301) 299-8810
Web Address http://www.forbrightbank.com/
View Prospectus: Forbright
Financial Information
Market Cap $944.06mil
Revenues $333.82 mil (last 12 months)
Net Income $88.43 mil (last 12 months)
IPO Profile
Symbol FRBT
Exchange NASDAQ
Shares (millions): 7.9
Price range $18.00 - $20.00
Est. $ Volume $150.1 mil
Manager / Joint Managers Goldman Sachs/J.P. Morgan/Barclays
CO-Managers
Expected To Trade: 6/11/2026
Day: Thursday
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change