Forbright has submitted confidential documents to the US securities regulator for an upcoming initial public offering, reflecting ongoing optimism in the bank IPO market for 2026.

The US-based bank chose a process that allows companies to prepare for a potential public listing without making immediate details public. Specifics such as the number of shares and price range are yet to be finalized.

Bank IPOs Rebound Following 2023 Crisis

According to reports, Forbright’s filing comes at a time when US bank IPOs have rebounded from the regional banking crisis that occurred in 2023. Data from Dealogic shows that US banks raised over USD 800 million through IPOs in 2025, marking the strongest year for bank listings since 2018. Central Bancompany, Commercial Bancgroup, and Northpointe Bancshares were among the institutions that went public during this period. This recovery signals an overall improvement in bank stock valuations and renewed interest in capital-raising through public markets.

The confidential filing procedure, permissible under US securities regulations, allows companies to interact with the Securities and Exchange Commission regarding their registration documents before these materials are made public. Financial institutions often use this mechanism to manage market timing and reduce exposure during the preparation phase.

Founded in 2003 as Congressional Bank, Forbright operates across middle market lending, digital consumer banking, strategic advisory, and asset management services. If it proceeds with a public listing, it could contribute to an expanding lineup of bank IPOs, indicating growing institutional confidence in the public equity markets. The institution’s diverse business model — including lending, consumer banking, advisory, and asset management — might set it apart from the more focused community banks that have recently gone public.