Forbright Q2 FY26 net income drops 64.56% to USD 4.1 million

Reuters2026/07/30 10:04

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Forbright posted Q2 net income of USD 4.1 million, down 64.57% from Q1; basic EPS fell to USD 0.10 from USD 0.29.
Net interest income rose 6.04% quarter-on-quarter to USD 63.1 million; net interest margin widened 9 basis points to 3.19%.
Provision for credit losses increased to USD 5.9 million from USD 3.5 million; net charge-offs eased to 0.20% of average loans from 0.32%.
Total assets climbed to USD 8.5 billion from USD 8.2 billion, with loans up to USD 6.1 billion; deposits grew to USD 7.3 billion.
Results included one-time IPO-related items, including a USD 5.6 million deferred tax asset write-down and IPO expenses of USD 0.9 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Forbright Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260730202512) on July 30, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Forbright Q2 FY26 net income drops 64.56% to USD 4.1 million

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