Forbright Past Earnings Performance

Past criteria checks 2/6

Forbright has been growing earnings at an average annual rate of 18.3%, while the Banks industry saw earnings growing at 4% annually. Revenues have been growing at an average rate of 15.3% per year. Forbright's return on equity is 8%, and it has net margins of 23.8%.

Key information

18.30%

Earnings growth rate

16.79%

EPS growth rate

Banks Industry Growth	11.18%
Revenue growth rate	15.32%
Return on equity	8.01%
Net Margin	23.83%
Last Earnings Update	30 Jun 2026

Recent past performance updates

Recent updates

Seeking Alpha • Sep 03

Forbright Offers Promise, But Not Enough To Bank On

Summary Forbright is a digital-focused bank targeting the fragmented US middle market, with rapid deposit and loan growth. FRBT trades cheaply on book and tangible book value, but its price-to-earnings multiple of 13.6 is above preferred levels. Asset and credit quality remain concerns, with non-performing assets and loans exceeding typical thresholds and subpar returns on assets and equity. I rate FRBT a 'hold' due to mixed financial performance, asset quality issues, and valuation not yet compelling relative to earnings. Read the full article on Seeking Alpha

New Narrative • Jul 31

Digital Deposit Expansion And Specialized Lending Will Reshape This Bank’s Long Term Earnings Profile

Catalysts About Forbright Forbright is a US-based bank focused on national lending strategies and a proprietary digital deposit platform. What are the underlying business or industry changes driving this perspective?

Revenue & Expenses Breakdown

How Forbright makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGS:FRBT Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Jun 26	325	77	198
31 Mar 26	315	88	186
31 Dec 25	310	88	180
31 Dec 24	254	43	167

Quality Earnings: FRBT has high quality earnings.

Growing Profit Margin: FRBT's current net profit margins (23.8%) are higher than last year (23.2%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: Unable to establish if FRBT's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.

Accelerating Growth: Unable to compare FRBT's past year earnings growth to its 5-year average as it has been trading publicly for less than 3 years.

Earnings vs Industry: FRBT earnings growth over the past year (18.3%) did not outperform the Banks industry 23.3%.

Return on Equity

High ROE: FRBT's Return on Equity (8%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/09/09 07:31
End of Day Share Price	2026/09/09 00:00
Earnings	2026/06/30
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Forbright, Inc. is covered by 6 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Jared David Shaw	Barclays
Ryan Nash	Goldman Sachs
Anthony Elian	J.P. Morgan