Virginia lender to acquire Forbright's DC-area branches. The transaction, set to close in the fourth quarter, adds three locations and $750 million in deposits to Trustar's footprint. That frees Forbright to focus on national digital lending. Published Aug. 21, 2026 Trustar Bank will acquire Forbright Bank's Washington, D.C., area branches, giving the Great Falls, Virginia-based lender an extra $750 million in local deposits, the banks said Friday. The transaction, expected to close in the fourth quarter, frees up Forbright to drill down on its national digital banking platform, middle-market commercial lending strategy and fee-based advisory business, the Chevy Chase, Maryland-based bank said. "Our national businesses have reached the scale and momentum that allow us to focus our capital, technology, and management attention where our competitive advantages are strongest," John Delaney, the Democratic former congressman who founded Forbright, said in a statement Friday. The $8.5 billion-asset Forbright will hold onto its Chevy Chase headquarters but shed branches in Potomac and North Bethesda, Maryland, along with a customer service hub in McLean, Virginia. Trustar will add those locations to its six-branch footprint. The $1.14 billion-asset lender launched in 2019 as the capital region's first de novo since 2008. "This is a unique, strategically-aligned opportunity to strengthen Trustar Bank's presence in our core markets, and add valuable deposits and relationships, positioning Trustar for growth," the bank's CEO, Shaza Andersen, said Friday. "This transaction will efficiently add scale to our franchise and create long-term value for our shareholders." The purchase price represents a $19 million deposit premium, Trustar noted, adding that it expects the tie-up to be accretive to 2027 earnings. "We look forward to welcoming Forbright customers and employees to the Trustar family and to providing our comprehensive range of banking products and services at these new locations," Andersen said. "Our team places a high value on personal connections and trust, and we are focused on ensuring a seamless transition while building on the valued relationships Forbright Bank has established." Forbright, meanwhile, emphasized that none of its national lending or national digital deposits were involved in the transaction. "The results across our nationwide businesses are accelerating, and the structural shifts in banking are real and durable," Forbright CEO Don Cole said in a statement Friday. "Our job is to position Forbright to be in front of these trends, not to spread ourselves across non-core businesses. This transaction is about becoming more focused, more efficient, and better positioned for long-term growth." The bank's language was more pointed. "Every minute spent chasing distractions is a minute not building things that create disproportionate value," the bank wrote in its press release. "The Bank focuses energy on areas where expertise matters, relationships endure, and where it can create tenable and lasting differentiation." Forbright, a private lender that offers environmentally conscious online banking and direct lending products, launched in 2003 as Congressional Bank. It rebranded to its current name in 2022. Since then, however, it has weathered at least two consent orders from regulators. The Federal Deposit Insurance Corp. ordered Forbright in May 2024 to limit its asset growth and adjust its funding model after the agency deemed the bank's "reliance on noncore funding" as a liquidity risk. The noncore funding came from brokered sweep deposits, a type of deposit sourced from uninvested cash in customer accounts. Brokered sweep deposits are sometimes seen as "hot money" because they migrate toward higher interest rate yields and are less "sticky" than typical retail deposits. In an earlier December 2022 action, the FDIC and Maryland Office of Financial Regulation ordered Forbright to address anti-money laundering, counterterrorism financing controls, board oversight and third-party risk management.

Short interest in Forbright, Inc. (NASDAQ:FRBT) declines by 67.7%. August 14, 2026 Key points. * Short interest in Forbright fell 67.7% to 39,463 shares as of July 31, representing just 0.1% of shares outstanding and 0.3 days to cover. * Forbright reported quarterly EPS of $0.09, missing the $0.13 consensus estimate, while revenue of $84.87 million was slightly below expectations. * Analyst sentiment is moderately bullish, with a consensus "Moderate Buy" rating and a $22.60 price target; the stock recently traded at $19.32. * Five stocks we like better than Forbright. Forbright, Inc. (NASDAQ:FRBT - Get Free Report) saw a significant decline in short interest in July. As of July 31st, there was short interest totaling 39,463 shares, a decline of 67.7% from the July 15th total of 122,070 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 138,208 shares, the days-to-cover ratio is presently 0.3 days. Forbright price performance. FRBT stock traded down $0.11 during midday trading on Friday, reaching $19.32. The company had a trading volume of 40,705 shares, compared to its average volume of 137,708. The company's 50-day moving average is $19.02. Forbright has a 1 year low of $17.48 and a 1 year high of $22.00. Forbright (NASDAQ:FRBT - Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.04). The company had revenue of $84.87 million for the quarter, compared to the consensus estimate of $85.24 million. On average, research analysts expect that Forbright will post 1.09 EPS for the current fiscal year. Analyst ratings changes. A number of research firms have weighed in on FRBT. The Goldman Sachs Group initiated coverage on Forbright in a report on Monday, July 6th. They set a "buy" rating and a $23.50 target price for the company. Zacks Research raised shares of Forbright to a "hold" rating in a research note on Tuesday, July 7th. Wall Street Zen upgraded shares of Forbright from a "sell" rating to a "hold" rating in a research note on Monday, July 20th. TD Cowen initiated coverage on shares of Forbright in a report on Monday, July 6th. They issued a "buy" rating on the stock. Finally, JPMorgan Chase & Co. increased their price objective on Forbright from $21.00 to $23.00 and gave the stock a "neutral" rating in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $22.60. Discover more Stock split calculator About Forbright. Forbright Inc operates as the bank holding company for Forbright Bank which provides various financial services for consumers and businesses principally in the United States. It offers checking and savings accounts, certificates of deposit, and other account and branch banking services and corporate, fund, healthcare, lender, and real estate financing as well as credit cards. Forbright Inc is based in Chevy Chase, Maryland. Further reading. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Continue following MarketBeat Before you consider Forbright, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Forbright wasn't on the list. While Forbright currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. The AI wave will soon hit public markets with Anthropic and OpenAI set to go public later this year. However, you don't have to wait to invest. This report shows seven AI stocks that you can buy today while the big model providers get ready to go public. Discover more Earnings screener tool Stock profit calculator Earnings call transcripts

Disclaimer: A SCOOP Rating (Wall Street Consensus of Opening-day Premiums), is a general consensus taken, at press time, from Wall Street and investment professionals concerning how well an IPO might perform when it starts trading. The SCOOP Rating does not reflect the opinions of anyone associated with IPOScoop.com. The SCOOP ratings should not be taken as investment advice. The rating merely reflects the opinion of the professionals at the time of publication and is subject to last-minute changes due to market conditions, changes in a specific offering and other factors, such as changes in the proposed offering terms and the shifting of investor interest in the IPO. The information offered is taken from sources we believe to be reliable, but we cannot guarantee the accuracy.