<p xmlns="http://www.w3.org/1999/xhtml">
Forbright, Inc. ("Forbright") today announced the closing o...

<p xmlns="http://www.w3.org/1999/xhtml">
Forbright, Inc. ("Forbright") today announced the closing of 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 for approximately $142.2 million aggregate gross proceeds to Forbright. The shares of Class A common stock began trading on the Nasdaq Global Select Market on June 11, 2026, under the ticker symbol "FRBT."

</p><p xmlns="http://www.w3.org/1999/xhtml">
In addition, 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.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Goldman Sachs &amp; Co. LLC and J.P. Morgan acted as joint lead book-running managers for the offering. Barclays acted as active book-running manager. Wells Fargo Securities, LLC, Piper Sandler &amp; Co., TD Securities (USA) LLC and Santander US Capital Markets LLC acted as joint bookrunners. Centerview Partners LLC acted as co-manager.

</p><p xmlns="http://www.w3.org/1999/xhtml">
A registration statement on Form S-1 relating to these securities was declared effective by the Securities and Exchange Commission (the "SEC") on June 10, 2026. The offering was made only by means of a prospectus. Copies of the final prospectus related to the offering may be obtained by visiting EDGAR on the SEC's website at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=54552879&amp;newsitemid=20260612088258&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=1&amp;md5=5c187a8033adddeb6b82ff0d1ee24e7d" shape="rect">www.sec.gov</a>. Alternatively, copies of the final prospectus may be obtained from: Goldman Sachs &amp; Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, by telephone at (866) 471-2526, or by email at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:prospectus-ny@ny.email.gs.com" shape="rect">prospectus-ny@ny.email.gs.com</a>; or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by email at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:prospectus-eq_fi@jpmchase.com" shape="rect">prospectus-eq_fi@jpmchase.com</a> and <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:postsalemanualrequests@broadridge.com" shape="rect">postsalemanualrequests@broadridge.com</a>.

</p><p xmlns="http://www.w3.org/1999/xhtml">
This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Forbright, Inc.</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Forbright, Inc. is a bank holding company and the parent of FDIC-insured Forbright Bank, a modern financial services platform spanning nationwide middle-market lending, digital consumer banking, strategic advisory, and asset management services. Headquartered in Chevy Chase, Maryland, 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.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260612088258r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260612088258/en/" rel="nofollow">https://www.businesswire.com/news/home/20260612088258/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Press Contact: 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:Info@forbrightbank.com" shape="rect">Info@forbrightbank.com</a>

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Investor Relations Contact</b>:
<br xmlns="http://www.w3.org/1999/xhtml"></br>Ben Wakana
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:bwakana@forbrightbank.com" shape="rect">bwakana@forbrightbank.com</a>

</p>

FRBT

Forbright Announces Closing of Initial Public Offering

Forbright IPO closes at $18; FRBT begins trading on Nasdaq

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>&lt;p xmlns=&quot;http://www.w3.org/1999/xhtml&quot;&gt;
Forbright, Inc. (&quot;Forbright&quot;) today announced the closing o...</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Forbright closed its IPO at $18 per share, selling 7.9 million Class A shares for about $142.2 million in gross proceeds. The company also granted a 30-day option for 1.185 million additional shares. FRBT begins trading on Nasdaq, reflecting a digital-first bank targeting middle-market lending.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Forbright IPO priced at $18; 7.9M Class A shares sold.</li><li>IPO gross proceeds about $142.2M; trading begins June 11, 2026.</li><li>Greenshoe allows up to 1.185M additional shares.</li><li>Lead underwriters: Goldman Sachs and J.P. Morgan; Barclays active.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Forbright, Inc. (FRBT)</strong>: Direct IPO; bank holding company with a digital-first platform; primary price discovery and liquidity.</li><li><strong>Goldman Sachs &amp; Co. LLC (GS)</strong>: Lead book-running manager; strong demand signals may influence initial aftermarket performance.</li><li><strong>J.P. Morgan Securities LLC (JPM)</strong>: Lead book-running manager; credibility supports price discovery and liquidity.</li><li><strong>Barclays (BCS)</strong>: Active book-running manager; broad syndicate enhances distribution and price formation.</li><li><strong>Wells Fargo Securities, LLC (WFC)</strong>: Joint bookrunner; networked distribution could impact first-day activity.</li><li><strong>Piper Sandler &amp; Co. (PIPR)</strong>: Joint bookrunner; regional and mid-cap reach supports aftermarket liquidity.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category fits Corporate Developments as an IPO; FRBT’s digital-banking, middle-market lending focus provides growth narrative and potential valuation inflection from the public market.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Greenshoe enables 30-day option for 1.185M more shares.</li><li>IPO size implies a modest float; early price discovery may be volatile.</li><li>Major banks (GS/JPM) leading the deal bolster initial demand signals.</li><li>Nasdaq listing under FRBT sets price discovery on debut.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Class A shares offered: 7,900,000.</li><li>Offer price: $18 per share.</li><li>Aggregate gross proceeds: about $142.2 million.</li><li>Underwriters&#039; option: up to 1,185,000 additional shares.</li><li>Registration effective: June 10, 2026.</li><li>Trading began: June 11, 2026, on Nasdaq Global Select Market under FRBT.</li><li>Company profile: bank holding company; FDIC-insured Forbright Bank; digital-first platform.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Near-term FRBT may exhibit volatility around the $18 issue price as float and demand settle over weeks.</p>
  </section>
</section>


<article>
  <h2>Forbright Announces Closing of Initial Public Offering</h2>

  <section>
    <p>Forbright, Inc. ("<em>Forbright</em>") today announced the closing of its initial public offering of <strong>7,900,000</strong> shares of its Class A common stock at a public offering price of <strong>$18.00</strong> per share for <strong>approximately $142.2 million</strong> aggregate gross proceeds to Forbright. The shares of Class A common stock began trading on the Nasdaq Global Select Market on <strong>June 11, 2026</strong>, under the ticker symbol "<strong>FRBT</strong>".</p>
  </section>

  <section>
    <p>In addition, Forbright granted the underwriters a 30-day option to purchase up to an additional <strong>1,185,000</strong> shares of Class A common stock at the initial public offering price, less underwriting discounts and commissions.</p>
  </section>

  <section>
    <h3>Underwriters and Book-Running Managers</h3>
    <ul>
      <li>Goldman Sachs &amp; Co. LLC and J.P. Morgan acted as joint lead book-running managers for the offering.</li>
      <li>Barclays acted as active book-running manager.</li>
      <li>Wells Fargo Securities, LLC, Piper Sandler &amp; Co., TD Securities (USA) LLC and Santander US Capital Markets LLC acted as joint bookrunners.</li>
      <li>Centerview Partners LLC acted as co-manager.</li>
    </ul>
  </section>

  <section>
    <h3>Regulatory Filing and Prospectus Information</h3>
    <p>A registration statement on Form S-1 relating to these securities was declared effective by the Securities and Exchange Commission (the "SEC") on June 10, 2026. The offering was made only by means of a prospectus. Copies of the final prospectus related to the offering may be obtained by visiting EDGAR on the SEC's website at <a rel="nofollow" href="https://www.sec.gov">www.sec.gov</a>. Alternatively, copies of the final prospectus may be obtained from: Goldman Sachs &amp; Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, by telephone at (866) 471-2526, or by email at <a rel="nofollow" href="mailto:prospectus-ny@ny.email.gs.com">prospectus-ny@ny.email.gs.com</a>; or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by email at <a rel="nofollow" href="mailto:prospectus-eq_fi@jpmchase.com">prospectus-eq_fi@jpmchase.com</a> and <a rel="nofollow" href="mailto:postsalemanualrequests@broadridge.com">postsalemanualrequests@broadridge.com</a>.</p>
  </section>

  <section>
    <p>This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.</p>
  </section>

  <section>
    <h3>About Forbright, Inc.</h3>
    <p>Forbright, Inc. is a bank holding company and the parent of FDIC-insured Forbright Bank, a modern financial services platform spanning nationwide middle-market lending, digital consumer banking, strategic advisory, and asset management services. Headquartered in Chevy Chase, Maryland, 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.</p>
  </section>

  <section>
    <h3>Contacts</h3>
    <p><strong>Press Contact:</strong> <a rel="nofollow" href="mailto:Info@forbrightbank.com">Info@forbrightbank.com</a></p>
    <p><strong>Investor Relations Contact:</strong> Ben Wakana<br><a rel="nofollow" href="mailto:bwakana@forbrightbank.com">bwakana@forbrightbank.com</a></p>
  </section>
</article>

Forbright closed its IPO at $18 per share, selling 7.9 million Class A shares for about $142.2 million in gross proceeds. The company also granted a 30-day option for 1.185 million additional shares. FRBT begins trading on Nasdaq, reflecting a digital-first bank targeting middle-market lending.

Forbright Announces Closing of Initial Public Offering

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

Related News