May 15, 2026 at 9:57 PM UTC
Forbright Inc., a financial services platform that focuses on middle-market lending and digital consumer banking, filed for an initial public offering showing growing deposits.
The Chevy Chase, Maryland-based company had adjusted total revenue of $77.5 million for the quarter through March, compared with $71.7 million a year earlier, according to its filing Friday with the US Securities and Exchange Commission. Total deposits were $7.14 billion as of March 31, compared to $5.76 billion a year earlier.
Extracted and lightly reformatted for readability. · Source: pt