Forbright, Inc. has closed its initial public offering of 7,900,000 shares of its Class A common stock at a public offering price of $18.00 per share, resulting in approximately $142.2 million in aggregate gross proceeds. The shares began trading on the Nasdaq Global Select Market on June 11, 2026, under the ticker symbol "FRBT." This capital raise positions the bank holding company to leverage its modern financial services platform across middle-market lending, digital consumer banking, strategic advisory, and asset management services.

In connection with the offering, Forbright granted the underwriters a 30-day option to purchase up to an additional 1,185,000 shares of Class A common stock at the initial public offering price, less underwriting discounts and commissions. A registration statement on Form S-1 relating to these securities was declared effective by the Securities and Exchange Commission (SEC) on June 10, 2026.

Offering Details

The offering was managed by a syndicate of financial institutions. Goldman Sachs & Co. LLC and J.P. Morgan acted as joint lead book-running managers. Barclays served as active book-running manager. Wells Fargo Securities, LLC, Piper Sandler & Co., TD Securities (USA) LLC, and Santander US Capital Markets LLC acted as joint bookrunners, while Centerview Partners LLC served as co-manager.

Forbright, Inc. is the parent of FDIC-insured Forbright Bank. Headquartered in Chevy Chase, Maryland, the company operates at the intersection of the $10 trillion national middle market and the shift toward digital-first banking.