Forbright

Q1 FY2026 EarningsQ2 FY26 net income reached $4.1M, down 64.6% QoQ, primarily impacted by a one-time $5.6M IPO-related tax write-down. Net interest income grew 6.0% QoQ to $63.1M, with NIM expanding 9bps to 3.19%. Total loans increased to $6.1B (up 4.8% QoQ) and deposits rose to $7.3B. While credit trends remained favorable with a 0.20% net charge-off ratio, the effective tax rate surged to 69.0% due to non-recurring items.