Core Insights - Freedom Financial Holdings reported a net loss of $3,567,973 or $0.50 per diluted share for Q4 2025, a significant decline from a net income of $1,122,930 or $0.16 per diluted share in Q3 2025 and $1,156,906 or $0.16 per diluted share in Q4 2024 [1][6] - For the full year 2025, the company achieved a net income of $374,197 or $0.05 per diluted share, down from $4,710,286 or $0.64 per diluted share in 2024 [1][6] Financial Performance - The bank's pre-provision, pre-tax income (PPNR) for Q4 2025 was $2.2 million, an increase of 84.4% from Q4 2024 and 22.6% from Q3 2025 [2] - Total revenue for the full year 2025 increased by 9.51% compared to 2024, primarily due to net interest margin expansion related to lower funding costs [9] Net Interest Income - Net interest income for Q4 2025 was $6.70 million, a decrease of 0.77% from Q3 2025 but an increase of 4.3% from Q4 2024 [4] - The net interest margin for Q4 2025 was 2.70%, up 4 basis points from Q3 2025 and 26 basis points from Q4 2024 [4] Asset Quality - Non-accrual loans increased to $26,767,487 or 3.51% of loans held-for-investment, up from 2.30% in the previous quarter, primarily due to one large syndicated loan [12] - The ratio of the allowance for credit losses to loans held-for-investment was 1.82% as of December 31, 2025, compared to 0.85% in the prior year [13] Deposits and Borrowings - Total deposits increased by $59.2 million or 6.93% in Q4 2025, with non-interest-bearing demand deposits rising to 16.3% of total deposits [14] - Borrowings decreased by $25 million during the quarter, reflecting a shift towards core deposits [20] Capital and Equity - The bank's Total Risk Based Capital ratio increased to 15.08% at year-end 2025, compared to 14.35% at the end of 2024 [2][16] - Stockholders' equity as of December 31, 2025, was $84.34 million, a decrease from $87.19 million at the end of Q3 2025 [15] Share Buyback Program - The company repurchased 29,400 shares in Q4 2025 and a total of 207,092 shares for the full year at an average price of $10.51 per share [17]

Core Insights - Freedom Financial Holdings, Inc. has appointed Pierre A. Abushacra to the Board of Directors of Freedom Bank of Virginia, effective immediately, bringing extensive operating experience and a commitment to innovation and community engagement [1][3] Company Overview - Freedom Bank of Virginia is a next-generation community bank focused on empowering clients through innovative business, commercial, personal, and mortgage banking solutions, with locations in Chantilly, Fairfax, Manassas, Reston, Tysons, and Vienna [4] Board Composition - Pierre A. Abushacra is the Founder of Kapa Capital, specializing in commercial real estate, and has a background in community banking from his previous board service at Bay Bank [2][3] - The addition of Mr. Abushacra is seen as a complement to the existing board members, enhancing the bank's ability to navigate the challenges and opportunities in the independent banking sector [3] Leadership and Vision - Mr. Abushacra expressed his honor in joining the board and highlighted his admiration for Freedom Bank's local leadership and commitment to client relationships, indicating a focus on collaboration for future success [4]

Core 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]

Core Insights - Freedom Financial Holdings, Inc. has appointed Scott Clark as Executive Vice President and Chief Financial Officer, enhancing the bank's leadership team with his extensive experience in community banking and finance [1][4][6] Company Overview - The Freedom Bank of Virginia is a next-generation community bank based in Fairfax, Virginia, offering a range of banking solutions including commercial, personal, and mortgage banking [7] Leadership and Strategy - Scott Clark will oversee all financial operations, including budgeting, financial reporting, asset liability management, investment performance, regulatory compliance, and investor relations, positioning the bank for growth and profitability [3][4] - The bank's President and CEO, Joe Thomas, expressed confidence in Clark's ability to enhance operational efficiency and balance sheet management, aligning with the bank's values and commitment to community banking [4][5] Experience and Qualifications - Scott Clark has a significant background in financial strategy, regulatory compliance, and capital management, having previously served as Treasurer for Sandy Spring Bank and EagleBank [6] - His focus on long-term sustainability and customer satisfaction positions him uniquely to guide Freedom Bank through a rapidly changing financial environment [6]