Welcome to our dedicated page for FREEDOM FINL HLDGS news (Ticker: FDVA), a resource for investors and traders seeking the latest updates and insights on FREEDOM FINL HLDGS stock.
Freedom Financial Holdings Inc. (FDVA) serves as the holding company for The Freedom Bank of Virginia, providing community-focused banking services across the region. This dedicated news hub offers investors and stakeholders centralized access to official announcements, financial disclosures, and market developments.
Track critical updates including quarterly earnings reports, regulatory filings, leadership changes, and strategic initiatives. Our curated collection ensures timely access to FDVA's press releases covering loan portfolio performance, net interest margin trends, and community banking expansion efforts.
Key areas of coverage include asset quality updates, non-interest income developments, and technological enhancements in customer banking services. The resource prioritizes factual reporting on credit risk management practices and operational efficiency improvements central to FDVA's community banking model.
Bookmark this page for streamlined monitoring of FDVA's financial communications. Return regularly for verified updates about Virginia's banking sector directly from the company's primary information channels.
Freedom Financial Holdings (OTCQX: FDVA) reported strong Q1 2025 financial results, with net income reaching $2.02 million or $0.28 per diluted share, marking a 73.4% increase from Q1 2024. Key highlights include:
- Net interest margin improved to 3.03%, up 59 basis points from previous quarter
- Tangible book value per share increased to $11.87
- Total assets stood at $1.08 billion
- Non-accrual loans decreased by 22% to $10.7 million
- Non-interest deposits grew 26% annualized
The bank demonstrated improved credit quality with non-performing assets ratio at 1.01%. Cost of funds decreased to 3.23%, while maintaining strong capital ratios with a leverage ratio of 10.76%. The efficiency ratio improved to 69.22%, reflecting better operational performance.
Freedom Financial Holdings (FDVA) reported Q4 2024 net income of $1.16 million ($0.16 per diluted share), compared to $344,919 in Q3 2024 and a loss of $2.01 million in Q4 2023. Full-year 2024 net income reached $4.71 million ($0.64 per share), up 103.2% from 2023.
Key Q4 metrics include: net interest margin increased to 2.44%, non-interest income grew 10.14%, and total assets reached $1.09 billion. The efficiency ratio was 84.07%, while non-accrual loans represented 1.78% of loans held-for-investment. The bank maintains strong capital ratios with a Total Capital ratio of 14.35%.
Notable developments include a decrease in uninsured deposits to 21.55% of total deposits, increased available secured liquidity at 162.14% of uninsured deposits, and continuation of an open share buyback program with 213,000 shares remaining.
Freedom Financial Holdings (FDVA) reported Q3 2024 net income of $344,919 ($0.05 per diluted share), down from $2,044,233 ($0.28 per share) in Q2 2024 and $1,318,378 ($0.18 per share) in Q3 2023. The company faced increased costs including $337,000 in non-recurring expenses related to personnel, FDICIA consulting, software, and legal fees. Despite profitability challenges, tangible book value increased to $11.64 per share, up 10.63% annualized from December 2023. Total assets reached $1.10 billion, with deposits increasing by $8.41 million during the quarter. The net interest margin decreased to 2.32%, while the efficiency ratio rose to 88.13%.
Freedom Financial Holdings (OTCQX: FDVA) reported net income of $2,044,233 or $0.28 per diluted share for Q2 2024, a 75.6% increase from Q1 2024 and 15.5% ahead of Q2 2023. The strong earnings were partly due to a reserve release related to resolving the largest non-performing loan. Total assets reached $1.10 billion, up 1.05% from December 31, 2023. Loans held-for-investment increased by 1.97%, while total deposits decreased by 1.65%. The net interest margin decreased to 2.41%, down 13 basis points from Q1 2024. Non-interest income increased by 3.66% compared to Q1 2024, while non-interest expense decreased by 2.80%. The efficiency ratio was 81.72%. The company remains well-capitalized with strong capital ratios.
FAQ
What is the current stock price of FREEDOM FINL HLDGS (FDVA)?
What is the market cap of FREEDOM FINL HLDGS (FDVA)?
