Slide 1: Investor Presentation: Second Quarter 2026 Results
Investor Presentation Second Quarter 2026 Results
Slide 2: Forward Looking Statements
Forward Looking Statements Cautionary Note Regarding Forward-Looking Statements This presentation may contain, forward-looking statements. These forward-looking statements represent plans, estimates, objectives, goals, guidelines, expectations, intentions, projections and statements of our beliefs c
Slide 3: Table of Contents
4. Q2 Highlights Table of 5. Business Model Contents 8. Earnings and Performance Metrics 16. Loan Originations and Asset Quality 21. Deposits 24. Medium Term Targets 26. Appendix
Slide 4: Q2 2026 Highlights
Q2 2026 Highlights Strong results across the core drivers of the business Strong loan growth and a deep pipeline Deposit growth with the newly launched promotion of opportunities capability driving strong performance 4.8% loan growth linked quarter 9.1% digital deposit growth Stable spreads and net
Slide 5: Business Model
Business Model Forbright
Slide 6: Forbright Business Model
Forbright Business Model Forbright offers a modern financial services platform spanning nationwide middle-market lending, digital consumer banking, strategic advisory, and asset management services Attractive Loans 1 to Established Middle Market Lending Relationships Sticky Customer Healthcare Lende
Slide 7: Well Positioned for Growth
Well Positioned for Growth Forbright sits at the intersection of two structural shifts reshaping the U.S. banking industry. Together, they create a powerful current that provides long-lasting momentum to our business Deposits Moving to Increasing Sophistication A Higher Bar for Banks Digital Banks o
Slide 8: Q2 2026 Earnings and Performance Metrics
Q2 2026 Earnings and Performance Metrics 8
Slide 9: Earnings and Performance Metrics
Earnings and Performance Metrics 1Q26 2Q26 QoQ Highlights Diluted Earnings Per Share (EPS) $0.27 $0.09 ($0.18) • Diluted EPS of $0.09 reflecting select Return on Avg Tangible Common Equity(1) 5.95% 2.19% (3.76%) notable items in the quarter detailed Profitability Net Interest Margin (NIM) 3.10% 3.19
Slide 10: Financial Results
Financial Results ($ in millions, unless otherwise noted) 1Q26 2Q26 QoQ Highlights Net Interest Income 59.6 63.1 6.0% • Notable items within the quarter include Core Non-interest Income(1) 18.0 21.7 20.9% • $5.6 million of discrete income tax Non-Core Non-interest Income(1) (2.4) 0.1 N/M related to
Slide 11: Net Interest Margin
Net Interest Margin Net Interest Income ($MM) and Net Interest Margin Highlights 3.76% • Net interest margin improved by 9 basis 3.53% 3.19% points reflecting 3.10% $263.0 • Favorable asset mix from loan growth $229.6 • Reduced cost of funds by 4 basis +15% points due to higher non-interest bearing
Slide 12: Non-interest Income
Non-interest Income Our capital-light businesses are designed to generate dependable recurring revenue Non-interest Income Trend Core Non-interest Income YTD Composition ($MM) FY24 FY25 1Q26 2Q26 YTD26 Source, distribute, and advise ($ in millions) on middle-market loans on FHA / HUD Alliance behalf
Slide 13: Non-interest Expenses
Non-interest Expenses Expenses up $7.3 million, driven largely by notable items detailed below. Operating expenses well- managed, reflecting commitment to medium term target 50% efficiency ratio 2Q26 vs. 1Q26 Non-interest Expense ($MM) • Total expenses are $7.3MM higher due primarily to four notable
Slide 14: Growth Driving Greater Scale Efficiently
Growth Driving Greater Scale Efficiently Platform built for scale without meaningful growth in headcount Digital Deposit Balances ($B) Loan Balances ($B) FTE Count(1) CAGR: 26% $6.1 $5.8 $5.6 CAGR: $4.3 $4.3 55% 556 $3.9 $3.9 545 548 517 41 31 26 CAGR: 1% $2.2 517 515 514 522 YE'24 YE'25 1Q26 2Q26 Y
Slide 15: Strong Financial Risk Profile
Strong Financial Risk Profile Interest Rate Risk(1) Capital(2) Liquidity Moderately asset sensitive balance sheet Strong capital position supports Ample liquidity and funding capacity that benefits from higher rates planned loan growth Net Interest Income Tier 1 Loan / Deposit 8.9% 10.4% Sensitivity
Slide 16: Q2 Loan Originations and Asset Quality
Q2 Loan Originations and Asset Quality 16
Slide 17: Loan Originations
Loan Originations A portfolio of high-quality commercial lending verticals delivering strong risk adjusted returns Origination Volume ($MM)(1) Lending Strategy Detail ($MM) $3,678 Description FY25 1Q26 2Q26 Working-capital and Healthcare real-estate loans to $1,044 $274 $266 Finance healthcare servi
Slide 18: Lending by Strategy
Lending by Strategy Diversified specialty lending businesses and broad based loan growth demonstrates the scalability of our strategy Diversified Lending Platform Sustained Growth $5.8B $6.1B $5.6B 5% 3% $4.3B 12% 30% +31% +3% +5% $6.1B $6.1B 1 1 50% 20% 47% YE'24 YE'25 1Q26 2Q26 2Q26 vs. 1Q26 20% 1
Slide 19: Asset Quality
Asset Quality Experienced underwriting and portfolio management teams enhance a strong risk culture Net Charge Offs Trend ($MM)(1) Non-performing Assets / Total Assets ($MM) Core NCO rates less than 25 basis points annualized since 2024 1.21% 1.13% 1.09% 1.05% $33.8 $93.3 $92.9 $87.7 $16.3 $82.7 $12
Slide 20: Allowance for Credit Losses – Loans
Allowance for Credit Losses – Loans Allowance Trend ($MM) Highlights Funded coverage percentage has trended down over time as • Allowance coverage percentage for funded loans portfolio mix has shifted into lower loss content loans stable linked quarter $55.7 $58.3 $55.1 $2.7 $3.6 • Coverage of portf
Slide 21: Deposits
Deposits Forbright 21
Slide 22: Deposit Overview
Deposit Overview We are scaling a national, digital deposit franchise designed to deliver durable funding & long- term balance sheet resilience Deposit Strategy Growth & Success Deposit Composition (Ending) Strength in Digital Banking strategy has enabled shift away from 6% 4% Savings wholesale fund
Slide 23: Deposits
Deposits Our modern, API-driven technology stack positions us to scale nationally and efficiently Ending Deposit Balance Trend by Product ($B) Ending Deposit Balance Trend by Strategy ($B) $7.3 $7.1 $7.3 $7.1 $6.8 $6.8 $5.6 $5.6 Demand Wholesale CDs Non-Interest Bearing 3rd Party Sweeps Time Deposit
Slide 24: Medium Term Targets
Medium Term Targets Forbright 24
Slide 25: Medium Term Targets
Medium Term Targets Growth Operating Leverage Returns ANNUAL EFFICIENCY RUN-RATE LOAN GROWTH RATIO ROATCE ~15% <50% ~15% This slide includes targets and other forward-looking statements that are based on assumptions and are subject to significant business, economic, regulatory and competitive uncert
Slide 26: Appendix
Appendix Forbright 26
Slide 27: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation Return on Avg Tangible Common Equity ($k) Ending Tangible Common Equity Ratios ($k) 1Q26 2Q26 1Q26 2Q26 Net Income (GAAP) $11,632 $4,122 Stockholders’ Equity (GAAP) $831,195 $967,163 Less: Goodwill 18,519 18,519 Intangible Amortization, Add: 210 476 net of tax Less: O
Slide 28: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation Core & Non-Core Non-interest Income / Adjusted Total Revenue ($k) Pre Provision Net Revenue ($k) FY24 FY25 1Q26 2Q26 1Q26 2Q26 Non-interest Income (GAAP) $23,113 $70,776 $15,584 $21,846 Income before income taxes $13,212 $13,316 (GAAP) Non-core (losses)/gains on sales