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FREEDOM FINL HLDGS INC - $FDVA STOCK NEWS

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.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect FREEDOM FINL HLDGS's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of FREEDOM FINL HLDGS's position in the market.

News
Freedom Financial Holdings Announces Earnings for First Quarter of 2024 and Reauthorization of Stock Buyback Program
Rhea-AI Summary
Freedom Financial Holdings reported net income of $1,164,226 for Q1 2024, compared to a loss in the previous quarter, and announced a refreshed stock buyback program. Pretax income increased by 28.4% fueled by higher non-interest income and reduced expenses. The company's total assets increased by 0.72% to $1.09 billion, while total deposits decreased by 2.93% due to seasonal activities. The net interest margin decreased to 2.54%, with cost of funds at 3.60%. Non-interest income increased by 14.53%, driven by higher gain-on-sale revenue from mortgage and SBA loans. Non-interest expense increased by 8.04%, mainly related to compensation and occupancy costs. Asset quality improved, with a decrease in non-accrual loans and pending Trustee sale of non-performing assets. The company remains well-capitalized with strong capital ratios.
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buyback earnings
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News
Freedom Financial Holdings Announces Earnings for Fourth Quarter and Full Year 2023
Rhea-AI Summary
Freedom Financial Holdings (FDVA) announced a net loss of $2,006,393, or -$0.27 per diluted share for the three months ended December 31, 2023. Despite the loss, tangible book value per share increased by 2.70% during the quarter. The Company recognized a provision for loan losses of $4,751,441 in the fourth quarter, largely related to a single relationship. Net income for the full year 2023 was $2,318,695 or $0.32 per diluted share, compared to $10,563,572 or $1.45 per diluted share for the full year 2022. Total assets were $1.08 billion on December 31, 2023, an increase of $99.60 million or 10.11% from total assets on December 31, 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.36%
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earnings
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Freedom Financial Holdings Announces Earnings for Third Quarter of 2023
Rhea-AI Summary
Freedom Financial Holdings announces net income of $1.3 million for Q3 2023
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Rhea-AI Sentiment
End-of-Day
-0.47%
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earnings
News
Freedom Financial Holdings Announces Earnings for Second Quarter of 2023
Rhea-AI Summary
Freedom Financial Holdings reports net income of $1,770,075 for Q2 2023, an increase of 43% compared to the previous quarter. The company achieved steady growth in loans and total deposits. Net interest margin declined due to higher deposit costs, but non-interest income increased by 18%. The management team has launched performance projects to increase fee-based revenues and lower expenses.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.82%
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earnings
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News
Freedom Bank Assists the City of Winchester and the Economic Development Authority of the City of Winchester, Virginia with Significant Revitalization Project
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Freedom Financial Holdings, Inc. is Recognized by American Banker as One of the Top Performing Bank Holding Companies Under $2 Billion in the US
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Rhea-AI Sentiment
End-of-Day
2.74%
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News
Freedom Financial Holdings Announces Earnings for First Quarter of 2023
Rhea-AI Summary
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Rhea-AI Sentiment
End-of-Day
-2.56%
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earnings
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News
Freedom Financial Holdings Announces Earnings for Fourth Quarter and Full Year 2022
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.35%
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earnings
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News
Freedom Bank Receives Regulatory Approval to Relocate its Chantilly Branch
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Freedom Bank Announces Partnership with FinTech Autobooks to Deliver Digital Invoicing and Payment Solutions to Business Clients
Rhea-AI Summary
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Rhea-AI Sentiment
End-of-Day
-0.34%
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partnership
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FREEDOM FINL HLDGS INC

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FDVA Stock Data

71.47M
4.82M
Commercial Banking
Finance and Insurance
Link
United States of America
Fairfax