Forbright in Chevy Chase, Md., has filed for its planned initial public offering.
The $7.9 billion-asset parent of Forbright Bank disclosed that Goldman Sachs and J.P. Morgan are its lead underwriters. The filing did not share how many shares will be sold or how much capital the company plans to raise. Certain unnamed shareholders also plan to sell stock in the offering.
Forbright framed itself in the filing as operating at the intersection of the growth needs of the national middle market and a shift toward digital-first banking.
Forbright traces its roots to Congressional Bank, which was formed in 2003. Forbright was reborn in 2021 when John Delaney returned from public service and led a $369 million capital infusion that supported the bank’s rebranding and repositioning around a national lending and digital deposit strategy. The bank launched its digital deposit platform in May 2024.
Revenue increased to about $587.4 million in 2025 from $524.3 million a year earlier. Net income more than doubled to about $87.9 million.
The bank disclosed that it is using large language models and analytics to process customer segmentation data, call center transcripts, and other text datasets. It has developed a chat-style AI agent tied to its data layer so employees can query analytics and trend data without technical skills.