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Add as a preferred source on GoogleForbright's Third-Quarter GAAP EPS Beats Estimates by $0.09 as Revenue Misses
Revenue was $89.06 million, $1.37 million below estimates, as loan balances and digital deposits grew.
Forbright, Inc. (FRBT) posted third-quarter GAAP earnings per share of $0.41, beating estimates by $0.09, while revenue came in below estimates as loan balances and digital deposits increased.
Revenue totaled $89.06 million, missing estimates by $1.37 million. Loan balances rose 9.5% quarter over quarter and 24% year over year.
Digital deposits increased by $1 billion from the previous quarter, with a promotion driving the growth. Core net charge-offs fell to three basis points in the quarter.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.