Forbright, Inc. · NASDAQ:FRBT
Forbright — Q3 2026 Earnings Presentation
24 slides from Forbright's earnings presentation, Oct 29, 2026
Slide 1: Investor Presentation Third Quarter 2026 Results
Investor Presentation Third 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: Agenda
4. Q3 Highlights 5. Earnings and Performance Metrics 12. Lending, Credit, and Fee Businesses 18. Deposits 21. Appendix
Slide 4: Q3 2026 Highlights
Q3 2026 Highlights Exceptional results across the core drivers of the business Strong loan growth Accelerating earnings per share 24% loan growth over the last 12 months and 9.5% $0.41 EPS on a fully diluted basis attributable to the Company loan growth QoQ Excellent credit performance Growing NII 3
Slide 5: Q3 2026 Earnings and Performance Metrics
Q3 2026 Earnings and Performance Metrics 5
Slide 6: Earnings and Performance Metrics Highlights
Earnings and Performance Metrics 2Q26 3Q26 QoQ Highlights Diluted Earnings Per Share (EPS)(1) $0.09 $0.41 $0.32 Return on Avg Tangible Common Equity(2) 2.19% 8.68% 6.49% • Diluted EPS of $0.41 reflecting strong Profitability loan growth, low net charge offs, and Net Interest Margin (NIM) 3.19% 3.18%
Slide 7: Financial Results
Financial Results ($ in millions, unless otherwise noted) 2Q26 3Q26 QoQ Highlights Net Interest Income 63.1 72.0 13.9% • Loan growth of 9.5% linked quarter supported Core Non-interest Income(1) 15.7 17.1 8.8% by $1.0 billion of originations and higher Non-Core Non-interest Income(1) 6.1 12.0 95.9% u
Slide 8: Net Interest Income & Net Interest Margin
Net Interest Income & Net Interest Margin NII up 13.9% QoQ. NIM stable in 3Q26 and positioned for expansion in 4Q26 Net Interest Income ($MM) and Net Interest Margin Highlights 4.04% • Net interest income increased 13.9%, or 3.55% $8.8 million, reflecting: 3.10% 3.19% 3.18% • Earning assets up $1.0
Slide 9: Growth Driving Greater Scale and Efficiency
Growth Driving Greater Scale and Efficiency Loan and deposit growth continue to outpace headcount due to fully-built platform Digital Deposit Balances ($B) Loan Balances ($B) FTE Count(1) 24% $6.6 $6.1 $5.8 $5.6 $5.3 $5.4 42% 564 566 $4.3 556 545 548 $3.9 $3.9 29 $3.8 45 41 26 31 4% 538 519 515 514
Slide 10: Non-Interest Expenses & Efficiency
Non-Interest Expenses & Efficiency Efficiency ratio dropped almost 8 percentage points from Q2 2026 and is poised to continue improving with scale 3Q26 vs. 2Q26 Non-interest Expense ($MM) Efficiency Ratio Expenses up $4.6 million led by higher performance related Improvement in 3Q26 led by scale in
Slide 11: Strong Financial Risk Profile
Strong Financial Risk Profile Interest Rate Risk(1) Capital(2) Liquidity Moderately asset sensitive balance sheet that Strong capital position supports Ample liquidity and funding capacity benefits from higher rates planned loan growth Tier 1 Loan / Deposit Net Interest Income Sensitivity 10.4% 9.8%
Slide 12: Lending, Credit, and Fee Businesses
Lending, Credit, and Fee Businesses 12
Slide 13: Lending by Strategy
Lending by Strategy Strong momentum across six specialty lending strategies with ample runway for growth Diversified Lending Platform Sustained Growth $6.6B $5.8B $6.1B $5.4B $5.6B 4% 3% 12% 31% +5% +3% +5% +10% 13% $6.6B $6.6B 1 1 46% 51% 3Q25 4Q25 1Q26 2Q26 3Q26 3Q26 vs. 2Q26 19% Healthcare Financ
Slide 14: Loan Originations
Loan Originations Diversified commercial lending verticals delivering strong risk adjusted returns through industry specialization Origination Volume ($MM)(1) Lending Strategy Detail ($MM) $3,678 Primary Focus FY25 YTD26 3Q26 $3,246 Healthcare Working-capital and real-estate loans to $1,044 $867 $32
Slide 15: Asset Quality
Asset Quality Diligent evaluation of credit risk combined with experienced underwriting and portfolio management teams delivers consistently high-quality assets Net Charge Off Trend ($MM)(1) Non-performing Assets / Total Assets ($MM) $5.3 1.14% 1.10% 1.06% $4.1 $94.2 $93.7 0.78% $83.6 $3.8 $2.7 0.55
Slide 16: Allowance for Credit Losses - Loans
Allowance for Credit Losses - Loans Allowance Trend ($MM) Highlights Funded coverage percentage has trended down over time as portfolio mix has shifted into lower loss content loans • Allowance coverage down by 7 bps linked quarter reflecting mix shift toward lower loss content portfolios $55.7 $58.
Slide 17: Non-interest Income
Non-interest Income Our capital-light fee businesses enhance revenue diversification and durability Non-interest Income Trend Core Non-interest Income YTD Composition ($MM) 3Q25 4Q25 1Q26 2Q26 3Q26 Source, distribute, and advise ($ in millions) on middle-market loans on Alliance behalf of BancAllian
Slide 18: Deposits
Deposits Forbright
Slide 19: Deposit Overview
Deposit Overview Digital deposit base designed to provide flexible and scalable funding to support asset growth while eliminating the need for traditional branch infrastructure Deposit Strategy Growth & Success Deposit Composition (Ending)(2) 3% Strength in Digital Banking strategy has enabled shift
Slide 20: Deposits by Product & Strategy
Deposits by Product & Strategy Our modern, API-driven technology stack positions us to scale nationally and gain market share by proactively preparing for the changing AI landscape Ending Deposit Balance Trend by Product ($B)(1) Ending Deposit Balance Trend by Strategy ($B)(1) $8.4 $8.4 $7.1 $7.3 $7
Slide 21: Appendix
Appendix Forbright
Slide 22: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation Return on Avg Tangible Common Equity ($k) Ending Tangible Common Equity Ratios ($k) 2Q26 3Q26 2Q26 3Q26 Net Income attributable to Stockholders’ equity (GAAP) $967,163 $991,749 $4,122 $20,623 the Company (GAAP) Less: Goodwill 18,519 18,519 Intangible amortization, Add
Slide 23: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation Core & Non-Core Non-interest Income / Adjusted Total Revenue ($k) 3Q25 4Q25 1Q26 2Q26 3Q26 Non-interest income (GAAP) $24,136 $21,348 $15,584 $21,846 $29,100 Non-core (losses)/gains on sales of loans and Less: investment securities, net (non-GAAP) 10,194 (787) (287) -
Slide 24: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation Pre Provision Net Revenue ($k) 2Q26 3Q26 Income before income taxes $13,316 $29,173 (GAAP) Add: Provision for credit losses 5,899 1,499 Pre Provision Net Revenue $19,215 $30,672 (non-GAAP) 24