Forbright (FRBT)
Funding specialist commercial lending with digital deposits and loan-distribution, advisory, and servicing fees.
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Funds sector-specialist commercial lending with digital consumer deposits, earning most revenue from the loan-deposit spread and adding fees through BancAlliance, FHA/HUD Lending, and Solar Servicing. Its national lending platform is paired with a legacy deposit franchise concentrated across Maryland, Virginia, and the District of Columbia.
Operates a deposit-funded lending platform centered on Healthcare Finance, Lender Finance, Fund Finance, Real Estate Finance, Corporate Finance, and the emerging Asset Finance strategy. Lending is national and industry-led, while the legacy deposit franchise remains concentrated across Maryland, Virginia, and the District of Columbia.
Draws consumer funding through digital Growth Savings and Growth CD accounts, alongside commercial deposit and treasury services. The deposit-to-loan spread supplies most revenue; Alliance Partners/BancAlliance, FHA/HUD Lending, and Solar Servicing add origination, distribution, advisory, administration, and servicing fees.
Relies on a cloud-native, API-driven deposit platform, specialist underwriting, and loan-distribution capabilities across a community-bank network. Deposits fund lending, while the holding company depends on regulated-bank distributions; Federal Reserve and FDIC/Maryland oversight, advisory rules, and state servicing requirements govern operating methods.
Company facts
Target rangeAs of Sep 2, 2026
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 10, 2026 | Wells Fargo | Reiterate | Overweight | $21 | $22 |
| Jul 6, 2026 | Cowen & Co. | Initiate | Buy | ||
| Jul 6, 2026 | Barclays | Initiate | Overweight | $23 | |
| Jul 6, 2026 | Piper Sandler | Initiate | Neutral | $21.50 | |
| Jul 6, 2026 | Wells Fargo | Initiate | Overweight | $21 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $26.5M · Total debt $151.2M · Total assets $8.51B · Shareholders' equity $967.2M
- Revenue
- $150.9M
- Operating income
- $13.3M
- Net income
- $4.1M
No dividends on record.
| Institutions43 holders · as of Jun 30, 2026 | 29.49% | 15.00M shares | |
| Insiders2 holders · as of Aug 14, 2026 | 15.42% | 7.84M shares | |
| Otherremainder | 55.09% | 28.02M shares |
50.87M company shares as of Sep 1, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
The share count has not been confirmed by a second filing; stakes use it as it stands.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
Lewis A. Sachs1Insiderdirector | 15.22% | 7.74M | Form 4filed Aug 14, 2026 ↗ |
Wellington Management Group LLPInstitution | 5.10% | 2.60M | 13Fas of Jun 30, 2026 |
Centerbridge Partners, L.P.Institution | 4.09% | 2.08M | 13Fas of Jun 30, 2026 |
Gallatin Point Capital LLCInstitution | 4.09% | 2.08M | 13Fas of Jun 30, 2026 |
Bayview Asset Management, LLCInstitution | 2.53% | 1.28M | 13Fas of Jun 30, 2026 |
| See all 25 → | |||
- Lewis A. Sachs reports a block also reported by Gallatin Point Capital LLC; it is counted once, under Gallatin Point Capital LLC.
13F — a manager's quarterly holdings · Form 4 — an insider's transaction report
Insider tradesForm 4
No open-market trades in the last 12 months.
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ComparePre-market
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Forbright | $17.92 | −2.87% | $933.0M | 49.1 | 10.6 | 3.2 | — |
| Axos Financial | $95.80 | −0.14% | $5.46B | 11.3 | 9.9 | 2.5 | +19.7% |
| First Citizens BancShares | $2,172.52 | −0.13% | $24.80B | 11.6 | 11.6 | 1.7 | −5.5% |
| Truist Financial | $50.99 | +0.37% | $63.30B | 12.0 | 10.7 | 2.1 | +6.5% |
| Ares Management | $137.66 | −0.30% | $45.34B | 57.3 | 21.2 | 7.1 | +5.8% |
| Blue Owl Capital | $11.75 | +1.29% | $18.13B | 97.6 | 12.5 | 6.1 | +7.1% |
| SoFi | $17.69 | −0.84% | $22.88B | 37.2 | 24.2 | 4.1 | +41.0% |
| Median | 24.6 | 12.0 | 3.3 | +6.8% |