Forbright, Inc. (NASDAQ:FRBT) filed a quarterly report on Form 10-Q with the U.S. Securities and Exchange Commission covering the fiscal quarter ended September 30, 2026, disclosing its share counts, filer classifications, and a pending branch sale agreement, among other matters.

Key Highlights

  • Share count as of November 9, 2026: 33,601,078 shares of Class A common stock outstanding, including 1,409,487 shares of unvested restricted stock awards.
  • Class B shares: 17,163,302 shares of Class B (non-voting) common stock outstanding as of November 9, 2026.
  • Filer classification: The registrant is classified as a non-accelerated filer and an emerging growth company; the smaller reporting company box was left unchecked.
  • Branch sale agreement: An agreement dated August 21, 2026, was entered into to sell two branches, one deposit production office, and associated deposits.
  • Extended transition period: The company indicated it has not elected to use the extended transition period for complying with new or revised financial accounting standards under Section 13(a) of the Exchange Act.
  • Exchange listing: Class A Common Stock, par value $0.001 per share, is listed on The Nasdaq Stock Market under the symbol FRBT.

Forbright's Quarterly Filing: Structure, Classifications, and Branch Activity

Forbright, Inc., a Delaware-incorporated financial services company headquartered at 4445 Willard Avenue, Suite 1000, Chevy Chase, Maryland 20815, operates through its principal subsidiary, Forbright Bank. The company filed its quarterly report covering the period ended September 30, 2026, with Commission File Number 001-43343. According to the filing, the registrant confirmed it had filed all required reports under the Securities Exchange Act of 1934 during the preceding 12 months and had submitted all required Interactive Data Files electronically.

The filing disclosed that Forbright holds emerging growth company status under the JOBS Act and is classified as a non-accelerated filer, meaning it does not meet the thresholds for large accelerated or accelerated filer designations. The registrant also confirmed it is not a shell company. One operationally notable item disclosed is the August 21, 2026 agreement to sell two branches, one deposit production office, and associated deposits, identified in the filing's glossary as the "Branch Sale." The filing does not provide further financial terms of that agreement in the excerpted text.

The table of contents in the filing indicates that substantive financial disclosures span topics including loans and credit quality assessment, investment securities, deposits, borrowed funds, stock-based compensation, regulatory matters, and fair value of financial instruments, among others. The filing also references the company's 2026 Omnibus Incentive Plan and its use of the Current Expected Credit Loss methodology for credit loss accounting. Forward-looking statements throughout the report are expressly subject to the company's cautionary language noting that actual results could differ materially from those anticipated.

What Was Disclosed

Forbright, Inc. submitted a Form 10-Q for the quarter ended September 30, 2026, reporting share counts as of November 9, 2026, its emerging growth company and non-accelerated filer status, a branch sale agreement dated August 21, 2026, and a broad set of financial statement topics covered in the report.