Forbright, Inc. filed a Form 8-K on November 12, 2026, announcing that its Board of Directors authorized a stock repurchase program of up to $25 million of the company's outstanding common stock.

Key Highlights

  • Repurchase authorization: The Board authorized the repurchase of up to $25 million of the company's outstanding common stock, par value $0.001 per share.
  • Program duration: The program will remain in effect through November 30, 2027, unless earlier completed.
  • Repurchase methods: Repurchases may be made via open market transactions, privately negotiated transactions, accelerated repurchase arrangements, tender offers, or Rule 10b5-1 trading plans.
  • Board discretion: The Board may extend, suspend, or discontinue the program at any time.
  • No obligation: According to the filing, the program does not obligate the company to make any repurchases or repurchase any particular amount of common stock.

Forbright Board Approves Share Buyback Program Through November 2027

Forbright, Inc. (NASDAQ:FRBT), the parent company of Forbright Bank, disclosed on November 12, 2026 that its Board of Directors authorized a stock repurchase program permitting the company to buy back up to $25 million of its outstanding common stock. The announcement was made via a Form 8-K filing submitted to the U.S. Securities and Exchange Commission on the same date.

According to the filing, repurchases under the program may be executed through a variety of methods, including open market transactions, privately negotiated transactions, accelerated repurchase arrangements, tender offers, or Rule 10b5-1 trading plans. The company disclosed that the exact number of shares, timing, price, and terms of any repurchases will be at the discretion of the company and subject to regulatory limitations.

The filing states that the program will remain in effect through November 30, 2027, unless it is completed earlier. The Board retains the authority to extend, suspend, or discontinue the program at any time. The company also noted that the program carries no obligation to make any repurchases or to repurchase any specified amount of stock. The filing was signed by Christopher S. Lynch, Chief Financial Officer of Forbright, Inc.

What Was Disclosed

Forbright, Inc. disclosed the Board's authorization of a stock repurchase program of up to $25 million, effective through November 30, 2027, with no repurchase obligation and multiple permitted transaction methods.