Forbright Bank

Forbright is a full-service bank and lender taking action to decarbonize the economy. We recognize that the need to build a more resilient and low-carbon economy is growing increasingly urgent.

• We are proactively dedicating capital to the sustainable businesses and clean energy projects driving progress.
• Today, we finance millions in residential solar loans, wind turbine repairs, and electrifying the nation's largest school bus company. Each project we finance is vetted according to our rigorous Responsible Investing Policy to ensure it is both aligned with our values and financially viable.
• We believe our approach reduces credit risk, presents enhanced lending opportunities, and prioritizes the markets of the future, serving the interest of all our stakeholders - our investors, customers, partners, employees, and communities.
• During 2022, we released our inaugural Green Bond Impact Report that demonstrated how proceeds of a $125 million Green Bond resulted in nearly 12,000 metric tons of estimated annual GHG emissions avoided.
• Forbright is carbon neutral in its operational footprint and provides incentives to its team members for environmentally responsible activities.

Forbright's complete sustainability report is available here: https://www.forbrightbank.com/wp-content/uploads/2023/06/Forbright-2022-Sustainability-Report-1.pdf

Updated November 3, 2023

Climate Score: A

BestCashCow has labeled Forbright Bank a sustainable bank based on the bank's focus on financing projects in the wind, water, solar and energy storage areas that lessen our dependence on fossil fuels. Read about Forbright's climate initiatives.

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Forbright Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Forbright Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2024, Forbright Bank had $126,338,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $752,023,000 in equity and $74,715,000 in loans loss reserves. That gives it a Texas Ratio of 15.28%.

Return on Equity

Forbright Bank has a Return on Equity of 10.6% versus the BestCashCow average of 12.20%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization

Forbright Bank has a Capitalization of 11.03% versus the BestCashCow average of 10.76. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

As of December 31, 2023, Forbright Bank had assets of $6,817,552,000, loans of $4,414,675,000, and deposits of $5,913,524,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.