Freedom Financial Holdings Announces Earnings for Third Quarter of 2026 and Amendments to Bylaws
Key Highlights
- ➤Q3 net income $1.19 million, or $0.17 per diluted share, up 312% sequentially
- ➤Loans held-for-investment rose 3.05% and deposits increased 2.94% during Q3
- ➤New 150,000-share repurchase authorization followed completion of prior 250,000-share program
- ➤Q3 net interest margin fell five basis points sequentially to 2.78%
- ➤Amended bylaws set shareholder nomination rules, a 25% special-meeting threshold, and Virginia forums
Expert Statements
Joseph J. Thomas, President and CEO of Freedom Financial Holdings
“We experienced significant improvement in earnings, loan and deposit growth, and credit quality this quarter which we expect to continue into 2027.”
Joseph J. Thomas, President and CEO of Freedom Financial Holdings
“The company's net income for the third quarter increased 312% over the second quarter of 2026 and 6.39% compared to the prior year quarter.”
Joseph J. Thomas, President and CEO of Freedom Financial Holdings
“Our team worked hard to increase loans held-for-investment by 3.05% and deposits by 2.94% in the third quarter.”
Joseph J. Thomas, President and CEO of Freedom Financial Holdings
“We resolved our only OREO asset with a slight recovery to its prior balance sheet valuation and continue to reduce our level of non-performing assets and collect on SBA guaranteed loans.”
Joseph J. Thomas, President and CEO of Freedom Financial Holdings
“We also worked hard to reduce expenses to help offset the lower level of mortgage activity due to the meaningful rise in interest rates during the quarter.”
Joseph J. Thomas, President and CEO of Freedom Financial Holdings
“Our levels of liquidity and capital continue to provide resiliency at a time of market rate volatility, and this strength has allowed the company to be active in our share buyback program reflecting our confidence in the future performance and value of the stock and authorized additional shares for repurchase.”
Joseph J. Thomas, President and CEO of Freedom Financial Holdings
“In addition, the Board approved the modernization of the Company's Bylaws to reflect current market practice and provide more clarity to shareholders.”
Freedom Financial Holdings Announces Earnings for Third Quarter of 2026 and Amendments to Bylaws PR Newswire
FAIRFAX, Va., Oct. 30, 2026 /PRNewswire/ -- Freedom Financial Holdings (OTCQX: FDVA), (the "Company" or "Freedom"), the holding company for The Freedom Bank of Virginia (the "Bank") today announced net income of $1,194,648 or $0.17 per diluted share for the third quarter of 2026 compared to net income of $289,621 or $0.04 per diluted share for the three months ended June 30, 2026, and net income of $1,122,930 or $0.16 per diluted share for the three months ended September 30, 2025. Net income for the nine months ended September 30, 2026, was $2,644,609 or $0.37 per diluted share, compared to $3,942,172 or $0.55 per diluted share for the nine months ended September 30, 2025. The Company also announced that its Board of Directors approved and adopted the Amended and Restated Bylaws of the Company, effective as of such date (the "Amended Bylaws"). The Board of Directors of the Company also announced a further authorization to repurchase up to 150,000 shares as it had fulfilled its previous 250,000 share authorized repurchase program.
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