Freedom (US:FRHC) Prnewswireยท2025-10-31 12:30Core Insights - Freedom Financial Holdings reported a net income of $1,122,930 or $0.16 per diluted share for Q3 2025, marking a 40.4% increase from Q2 2025 and a 225.6% increase from Q3 2024 [1][8] - The company achieved a net interest margin of 2.66%, which is flat compared to the previous quarter but up by 34 basis points from the same period last year [1][3] - Total assets decreased to $1.03 billion, down 3.80% from the previous quarter, primarily due to a reduction in brokered funding [1][10] Financial Performance - Net interest income for Q3 2025 was $6.75 million, a decrease of 1.85% from the linked quarter but an increase of 10.66% from Q3 2024 [3][6] - Non-interest income rose to $1.42 million, reflecting an 8.47% increase from the linked quarter and a 23.40% increase from the same period in 2024, driven by higher revenue from SBIC and BOLI products [5][8] - Total revenue was $8.17 million, a decrease of 0.2% from the linked quarter but an increase of 12.69% from the same quarter last year [6][17] Asset Quality - Non-accrual loans increased to 2.3% of loans held-for-investment, up from 1.45% in the previous quarter [7][9] - Total non-performing assets were 1.65% of total assets, compared to 0.98% in the linked quarter [7][9] Capital and Liquidity - Stockholders' equity increased to $87.19 million, up from $84.12 million in the previous quarter [11] - The company maintained strong capital ratios, with a Total Capital Ratio of 15.53% and a Common Equity Tier 1 Ratio of 14.64% as of September 30, 2025 [12] Loan and Deposit Trends - Total deposits decreased by $63.2 million or 6.89% during the quarter, with a significant portion attributed to the intentional reduction in brokered CDs [1][10] - Loans held-for-investment decreased slightly by $737 thousand or 0.10% during the quarter [1][10]