U.S. Bank Forbright Confidentially Files for IPO

Chevy Chase-based bank with $7 billion in assets takes first step toward public offering.

Published on Feb. 18, 2026

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Forbright, a U.S. bank based in Chevy Chase, Maryland, has confidentially filed paperwork with the U.S. securities regulator to hold an initial public offering (IPO). The bank, which had over $7 billion in assets at the end of 2025, did not provide details on the number of shares to be offered or the price range for the proposed IPO.

Why it matters

U.S. bank IPOs have seen a resurgence over the past year after facing challenges during the 2023 regional banking crisis. The confidential filing allows Forbright to prepare for its public market debut away from the scrutiny of investors, a common tactic used by companies seeking to go public.

The details

Forbright, a regional bank headquartered in Chevy Chase, Maryland, has taken the first step toward an initial public offering by confidentially filing paperwork with the U.S. securities regulator. The bank, which had over $7 billion in assets at the end of 2025, did not provide specifics on the number of shares to be offered or the price range for the proposed IPO.

  • Forbright confidentially filed for the IPO on February 17, 2026.

The players

Forbright

A U.S. bank based in Chevy Chase, Maryland, with over $7 billion in assets at the end of 2025.

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What’s next

The next step in the IPO process will be for Forbright to publicly file its registration statement with the U.S. securities regulator, at which point more details about the offering will be disclosed.

The takeaway

Forbright's confidential IPO filing is a sign of the continued recovery in the U.S. banking sector, as regional banks look to tap public markets to raise capital and grow their businesses.