Forbright Q2 FY26 net income drops 64.56% to USD 4.1 million - FRBT News | RalliesForbright Q2 FY26 net income drops 64.56% to USD 4.1 million
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FRBT• Q2 financial results
- Forbright posted Q2 net income of USD 4.1 million, down 64.57% from Q1; basic EPS fell to USD 0.10 from USD 0.29.
- Net interest income rose 6.04% quarter-on-quarter to USD 63.1 million; net interest margin widened 9 basis points to 3.19%.
- Provision for credit losses increased to USD 5.9 million from USD 3.5 million; net charge-offs eased to 0.20% of average loans from 0.32%.
- Total assets climbed to USD 8.5 billion from USD 8.2 billion, with loans up to USD 6.1 billion; deposits grew to USD 7.3 billion.
- Results included one-time IPO-related items, including a USD 5.6 million deferred tax asset write-down and IPO expenses of USD 0.9 million.
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