SEC Filing Document

Company: Forbright, Inc.
Ticker: 
CIK: 1925062
Filing Type: DRS
Document Type: DRS
Date Filed: 2026-02-13
Accession Number: 0001628279-26-000183
Exchange: 
SIC Code: 6022
SIC Description: State Commercial Banks
URL: https://www.sec.gov/Archives/edgar/data/1925062/000162827926000183/filename1.htm

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focus on risk management has resulted in strong credit results in our core lending strategies: Balance Sheet Strategy As a regulated, FDIC-insured institution, we benefit from the inherent trust, robust regulatory framework, and balance sheet durability that are hallmarks of a traditional bank. We attract a loyal, digitally-engaged customer base by offering a superior value proposition on deposits and related services, which in turn funds a highly profitable, expertly managed suite of national lending strategies and fee-generating businesses. No lending strategy comprises more than % of our granular loan portfolio as of December 31, 2025 and we manage our commercial real estate exposure proactively. We also maintain a margin of safety as it relates to our regulatory capital levels. This foundation provides stability, enabling us to attract and retain deposits and confidently deploy capital in our lending strategies and support our well-defined, high-growth business strategy. Allowance for Credit Losses Framework

Our allowance for credit losses is determined through a combination of individual loan impairment analysis and pooled loss estimation, overseen by the Chief Credit Officer and the allowance for credit loss committee, with regular review, approval, and reporting to ensure the reserve is adequate to cover expected credit losses. The allowance is estimated in accordance with GAAP.

Artificial Intelligence and Machine Learning

Advancing our ability to leverage AIML is a key focus of our strategy moving forward as embracing new technologies to improve our business processes is central to our cultural identity. Our modern digital deposit platform allows us to be more adaptable than traditional banks and we have a track record of successfully adding key capabilities to support the continued improvement of our business. While the application of AI in our business processes remains at a preliminary stage at this time, we have, and are analyzing additional, AI initiatives across several areas of our digital deposit and credit platforms.

Today, we leverage AIML reasoning models and analytics to improve our ability to effectively collect and analyze data. Large language models enable processing and reporting on our semantic text datasets (customer segmentation, call center transcripts and others) by summarizing large data into specific actionable insights, such as bespoke customer sentiment scores and trend tracking. We also developed self-service tools that enable us to query more effectively; a chat-style AI agent with native integration into our data layer allows us to run analytics and access trend data without any technical skills needed.

While AIML technologies continue to evolve, disciplined deployment, strategic investment, and strong governance will remain central to our approach as an enduring institution focused on delivering durable growth and superior returns on capital.

Human Capital

Culture

We are a dynamic, fast-paced and collaborative organization that has an exciting growth trajectory, a meaningful mission, and has embedded responsible practices into our daily interactions. We offer our team members a culture of collaboration, inclusion, flexibility, recognition, and community engagement. We look to hire individuals that are passionate about our mission, and who are motivated, customer and results-oriented, innovative, adaptable, and thoughtful.

We consider our team members to be the most valuable assets we have, and we strive to cultivate a professional ecosystem where the collective strength of our teams’ unique characteristics, life experiences, knowledge, skills, inventiveness, innovation, self-expression, capabilities and talent are acknowledged, rewarded, and contribute to both our reputation and business success. Our meaningful business mission and embedded responsible banking practices are an enticing part of our employee experience and recruitment efforts. We strive to actively listen and

respond to our employees, as exemplified by our Employee Engagement and Satisfaction surveys every eighteen months.

It is our policy to provide equal employment opportunities to all qualified individuals and to administer all aspects and conditions of pre-employment and employment without regard to protected characteristics. We are committed to a work environment in which all individuals are treated with respect and dignity and to promoting a workplace free of discrimination, harassment, and retaliation. The Bank partners with a variety of organizations to attract a broad range of candidates, including partnering with colleges, KIPP DC, and Urban Alliance to build diverse future talent pipelines.

We are guided by eight core principles: Excellence, People, Innovation, Sound Practices, Distinct Value, Clients & Customers, Stockholders, and Communities & Environment. These principles unite our team, guide our decisions, and define our purpose: to build an institution that is strong, forward-looking, and committed to excellence and providence.

Employees

As of December 31, 2025, we had approximately 550 full-time employees. None of our employees are covered by a collective bargaining agreement, and we consider relations with our employees to be strong and constructive, and we have not experienced interruptions of operations due to labor disagreements.

Compensation and Benefits

We strive to attract and retain strong talent by providing a variety of benefits and services as well as cultivating an inclusive, safe and healthy workplace. We provide a competitive compensation and benefits program to help meet the needs of all our employees, recognizing their varying needs. In addition to salaries, these programs include bonus opportunities, a 401(k) plan with an employer matching contribution, healthcare and insurance benefits–including medical with a health savings account option, dental, vision, company-paid and voluntary life and AD&D, short- and long-term disability, an employee assistance program, and flexible spending accounts. We also provide generous leave benefits – including paid time off, parental leave, bereavement leave, and volunteer leave and offer remote or hybrid work schedules for most positions.

Learning and Development

We invest in the growth and development of our employees by providing a multi-dimensional approach to learning that empowers, intellectually grows, and professionally develops our colleagues. In particular, we facilitate the educational and professional development of our employees through support to attend conferences and obtain licenses and certifications while employed by us. We also facilitate internal educational opportunities such as our bi-monthly Brunch and Learns that range in topics from financial wellness to nutrition to presentations by department heads on recent accomplishments and upcoming goals.

Properties and Facilities

Our corporate headquarters is located at 4445 Willard Avenue, Suite 1000, Chevy Chase, Maryland. While we maintain a largely, and increasingly, digital presence, we maintain two brick-and-mortar bank branches located in Potomac, Maryland and Rockville, Maryland, and three deposit office locations in Chevy Chase, Maryland; Rockville, Maryland; and Potomac, Maryland.

The following table sets forth information regarding our corporate headquarters and our full-service banking offices:

Office Address Year Opened Square Footage Owned or Leased
Corporate Headquarters 4445 Willard Avenue, Suite 1000 Chevy Chase, Maryland 20815 2020 37,551 Leased

Rockville 1700 Rockville Pike Rockville, Maryland 20852 2015 2,887 Leased

Potomac 7963 Tuckerman Lane Potomac, Maryland 20854 2003 1,500 Leased

Legal Proceedings

From time to time, we are party to various litigation matters incidental to the conduct of our business. We do not believe that any currently pending legal proceedings will have a material adverse effect on our business, financial condition or results of operations.

SUPERVISION AND REGULATION

The Company and the Bank are subject to extensive regulation under federal and state law. The costs of compliance with the regulatory regime and supervisory framework applicable to the Company and the Bank are significant. The level of regulation and oversight over financial services activities, including the regulatory enforcement environment applicable to banks and bank holding companies, has increased in the past and may increase in the future. The following is a brief summary of certain statutes, rules and regulations that affect or will affect the Company and the Bank, including the products and services that we may offer and the manner in which we may offer them, the risks that we may take, the ways in which we may operate, and the corporate and financial actions that we may take.

Various governmental agencies oversee our business activities and therefore supervise and periodically examine us. These agencies generally have broad authority and discretion in restricting and otherwise affecting our businesses and operations and may take formal or informal supervisory, enforcement, and other actions against us when, in the applicable agency’s or organization’s judgment, our businesses or operations fail to comply with applicable law, comport with safe and sound practices, or meet supervisory expectations. The framework under which the Company and the Bank, and certain of their subsidiaries, are supervised and examined is complex, and includes federal and state laws, regulations, policy statements, guidance, and other interpretative materials that define the obligations and requirements for financial institutions. This summary contains what management believes to be the material information related to the supervision and regulation of the Company and the Bank and their respective subsidiaries, but is not intended to be an exhaustive description of the statutes or regulations applicable to their respective businesses or of the impact of such laws and regulations on the Company.