Forbright Q3 net income attributable to company rises quarter-on-quarter to $20.62 million
Bitget2026/10/29 10:04- Forbright’s third-quarter 2026 net income attributable to the company fell 36% year over year to $20.62 million.
- Net interest income rose 14% quarter over quarter to $71.95 million, while non-interest income climbed 33% to $29.1 million.
- Provision for credit losses dropped 75% quarter over quarter to $1.5 million, while loans grew 10% to $6.6 billion.
- The bank expects its Washington, D.C.-area legacy branch sale to Trustar Bank to close in the first quarter of 2027.
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.
You may also like
After the sharp decline in tech stocks, the White House suddenly canceled the top tech advisor meeting the following day.
The White House has canceled the previously scheduled President’s Council of Advisors on Science and Technology meeting, which was set for Friday and includes prominent tech leaders such as Nvidia CEO Jensen Huang and Meta CEO Mark Zuckerberg. The Department of Energy's meeting page briefly listed November 13 as the new meeting date, but the agency later sent an email retracting this information. Currently, the specific date for rescheduling the meeting remains unclear.
Turtle Creek Asset Management Reports Sale of $347,850 in Jeld-Wen Common Shares
GLOBALFOUNDRIES Director Ganesh Moorthy Reports $93,687.50 Share Acquisition
Crypto prices
More
