Freedom Financial Holdings Announces Earnings for Third Quarter of 2026 and Amendments to Bylaws

Lower quarterly expenses accompanied the earnings rebound, while nine-month profit remained below the prior-year period.

Rhea-AI Summary

Freedom Financial Holdings (FDVA) reported third-quarter 2026 net income of $1,194,648, exceeding both the preceding quarter and the year-earlier period. Diluted earnings were $0.17, versus $0.04 in the second quarter and $0.16 a year earlier. Nine-month net income fell to $2,644,609 from $3,942,172.

Net interest income rose 4.45% year over year to $7.049 million, but total revenue declined 0.77%. Loans held for investment, excluding PPP loans, grew 3.05% during the quarter, while deposits increased 2.94%. Non-performing assets fell to 2.42% of assets from 2.57% in June, but remained above 1.65% a year earlier. Tangible book value declined to $11.80 per share from $12.20 in June.

Freedom completed its 250,000-share repurchase program after quarter-end and authorized another 150,000 shares. The board also adopted amended bylaws covering shareholder nominations, special-meeting requests and exclusive dispute forums.

20 points · 0 major

MixediHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 18 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate pointThird-quarter net income reached $1,194,648, versus $289,621 in Q2 and $1,122,930 a year earlier.
• Moderate pointNet interest income increased 1.00% sequentially and 4.45% year over year to $7.049 million.
• Moderate pointLoans held for investment, excluding PPP loans, increased $23.3 million, or 3.05%, during Q3.
• Moderate pointTotal deposits increased 2.94% during Q3 to $900.59 million.
• Moderate pointNon-interest expense fell 16.88% sequentially, although it increased 1.74% year over year.
• Moderate pointNon-performing assets fell to 2.42% of assets from 2.57% in June, versus 1.65% a year earlier.
• Moderate point. Forward-looking: it has not happened yet and may not happen.Freedom expects quarterly improvements in earnings, loan and deposit growth, and credit quality to continue into 2027.

13 minor points

• Minor pointDiluted quarterly earnings rose to $0.17, versus $0.04 in Q2 and $0.16 a year earlier.
• Minor pointTotal assets increased $20.2 million, or 1.94%, from June to $1.06 billion.
• Minor pointThe sole foreclosed real-estate asset was sold, with a slight recovery over its prior carrying value.
• Minor pointMortgage compensation expenses and professional fees declined, with legal-fee recoveries helping reduce professional fees.
• Minor pointFunding cost held at 2.85% sequentially and declined 34 basis points year over year.
• Minor pointReturn on average assets improved to 0.45%, versus 0.11% in Q2 and 0.41% a year earlier.
• Minor pointReturn on average equity improved to 5.59%, versus 1.38% in Q2 and 5.57% a year earlier.
• Minor pointEfficiency ratio improved to 79.39% from 89.67% in Q2, but exceeded 77.43% a year earlier.
• Minor pointNon-accrual loan ratio fell to 3.26% from 3.32% in June, versus 2.30% a year earlier.
• Minor pointTotal liquidity equaled 105.76% of uninsured deposits at September 30, 2026.
• Minor pointTangible book value excluding other comprehensive income gains/losses rose to $14.58, versus $14.29 in June.
• Minor pointShare repurchases totaled 80,700 shares in Q3; another 125,500 after quarter-end completed the previous authorization.
• Minor point. Forward-looking: it has not happened yet and may not happen.Additional repurchase authorization permits up to 150,000 shares, depending on market prices and internally generated capital.

Negative

• Moderate pointNine-month net income fell to $2,644,609 from $3,942,172; diluted earnings fell to $0.37 from $0.55.
• Moderate pointTotal revenue declined 6.1% sequentially and 0.77% year over year in Q3.
• Moderate pointStockholders' equity fell to $81.4 million, versus $85.1 million in June and $84.1 million at year-end.
• Moderate pointTotal risk-based capital ratio declined to 14.17% from 14.63% in June.
• Minor pointNon-interest income fell to $1.061 million, down 36.0% sequentially and 25.48% year over year.

13 minor points

• Minor pointNet interest margin fell 5 basis points sequentially to 2.78%, but rose 12 basis points year over year.
• Minor pointNon-interest-bearing deposits fell $5.587 million during Q3 and represented 15.15% of total deposits.
• Minor pointAverage earning-asset yields fell to 5.52%, down 5 basis points sequentially and 34 basis points year over year.
• Minor pointLoan yields reached 6.02%, up 1 basis point sequentially but down 37 basis points year over year.
• Minor pointInvestment-security yields fell to 3.98%, down 3 basis points sequentially and 43 basis points year over year.
• Minor pointNon-accrual loan balances increased by $252 thousand during Q3 despite the lower non-accrual ratio.
• Minor pointNet charge-offs increased to 0.03% of average loans from 0.02% in Q2.
• Minor pointLoan-loss provision totaled $188,011, related to five consumer solar loans charged off during Q3.
• Minor pointCredit-loss allowance fell to 1.01% of loans held for investment from 1.06% in June.
• Minor pointAccumulated other comprehensive income declined $4.6 million during Q3 as interest rates rose.
• Minor pointTangible book value fell to $11.80 per share, versus $12.20 in June and $12.05 at year-end.
• Minor pointTier 1 and common equity Tier 1 capital ratios each fell to 13.23% from 13.66% in June.
• Minor pointTier 1 leverage ratio fell to 10.81% from 11.06% in June.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

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.

Joseph J. Thomas, President, and CEO, commented, "We experienced significant improvement in earnings, loan and deposit growth, and credit quality this quarter which we expect to continue into 2027.   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.  Our team worked hard to increase loans held-for-investment by 3.05% and deposits by 2.94% in the third quarter.  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.  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.  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. In addition, the Board approved the modernization of the Company's Bylaws to reflect current market practice and provide more clarity to shareholders."

Third Quarter 2026 Highlights include:

The Company posted net income of $1,194,648 or $0.17 per diluted share for the third quarter 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.

• Tangible Book Value per share¹ decreased during the quarter to $11.80 on September 30, 2026, compared to $12.20 on June 30, 2026, due to rising rates and the subsequent change in unrealized loss in Adjusted Other Comprehensive Income ("AOCI").
• Return on Average Assets ("ROAA") was 0.45% for the quarter ended September 30, 2026, compared to ROAA of 0.11% for the quarter ended June 30, 2026, and 0.41% for the three months ended September 30, 2025.
• Return on Average Equity ("ROAE") was 5.59% for the quarter ended September 30, 2026, compared to ROAE of 1.38% for the three months ended June 30, 2026, and 5.57% for the three months ended September 30, 2025.
• Total Assets were $1.06 billion on September 30, 2026, an increase of $20.2 million or 1.94% from total assets on June 30, 2026 as the Bank grew interest bearing deposits and loan and cash balances.
• Loans held-for-investment (excluding PPP loans) increased by $23.3 million or 3.05% during the quarter.
• Total deposits increased by $25.8 million or by 2.94% during the quarter.
•  Non-interest-bearing demand deposits decreased by $5.6 million from the linked quarter to $136.48 million and represented 15.15% of total deposits on September 30, 2026.
• The net interest margin¹ was down by 5 basis points in the third quarter at 2.78% from 2.83% in the linked quarter and increased by 12 basis points compared to the same period in 2025.
• The cost of funds was 2.85% for the second and third quarter, and lower by 34 basis points compared to the same period in 2025, as wholesale funding use was reduced and the market short term rate environment came down from the prior year.
• Non-interest income decreased by 36.0% compared to the linked quarter and decreased by 25.5% compared to the same period in 2025. The decrease in non-interest income in the third quarter of 2026 compared to the linked quarter was due to lower mortgage gain on sale revenue as mortgage volume has retreated as rates have increased. 
• Non-interest expense in the third quarter decreased by 16.88% compared to the linked quarter and increased by 1.74% compared to the same period in 2025. The decrease in non-interest expense compared to the linked quarter was due to OREO losses recognized in Q2 and partially recovered in Q3 when the property was sold.  The increase from the prior year calendar quarter was primarily due to occupancy expense related to the Bank's new Tysons Corner location.
• The Efficiency Ratio² was 79.39% for the quarter ended September 30, 2026, compared to 89.67% for the linked quarter and 77.43% for the same period in 2025.
• Uninsured deposits were 27.85% of total deposits and total liquidity³ was 105.76% of uninsured deposits on September 30, 2026.
• Net charge offs increased in the third quarter and were 0.03% of average loans compared to 0.02% in the prior quarter.  The ratio of non-accrual loans to loans held-for-investment was 3.26% on September 30, 2026, compared to 3.32% on June 30, 2026, and 2.30% on September 30, 2025. The ratio of non-performing assets to total assets was 2.42% on September 30, 2026, compared to 2.57% on June 30, 2026, and 1.65% on September 30, 2025.
• The Company had a loan loss provision of $188,011 in the third quarter, primarily due to the charge-offs of consumer loans. 
• The ratio of the allowance for credit losses to loans held-for-investment was 1.01% compared to 1.06% in the linked quarter.
• The Company continues to be well capitalized and capital ratios continue to be strong with a Leverage ratio of 10.81 %, Common Equity Tier 1 ratio of 13.23%, Tier 1 Risk Based Capital ratio of 13.23% and a Total Capital ratio of 14.17%.

Net Interest Income
The Company recorded net interest income of $7.049 million for the third quarter, higher by 1.00% compared to the linked quarter, and higher by 4.45% compared to the same period in 2025. The net interest margin in the third quarter of 2026 was 2.78%, down 5 basis points compared to the linked quarter and increased by 12 basis points compared to the same period in 2025.

The following factors contributed to the changes in net interest margin during the third quarter of 2026 compared to the linked and calendar quarters.

• Yields on average earning assets were 5.52% in the third quarter of 2026, lower by 5 basis points compared to the linked quarter, and lower by 34 basis points compared to the calendar quarter. The decline in yields on average earning assets in the third quarter was primarily due to lower average loan balances in our held for sale mortgage portfolio which was partially offset by held for investment loan growth late in the quarter.  The reduction from the prior calendar quarter stems primarily from the reduction in market rates in the economic environment that lowered yields on cash and short term securities.
• Loan yields increased by 1 basis point to 6.02% from 6.01% in the linked quarter, while yields on investment securities decreased by 3 basis points from 4.01% to 3.98% in the linked quarter. Loan yields decreased by 37 basis points, while yields on investment securities decreased by 43 basis points compared to the calendar quarter.
• Cost of funds remained flat at 2.85% in both the second and third quarter, and was lower by 34 basis points compared to the calendar quarter. 

Non-interest Income
Non-interest income was $1.061 million for the third quarter, a decrease of 36.0% when compared to the linked quarter and a decrease of 25.48% when compared to the same period in 2025. The decrease in non-interest income in the third quarter of 2026 compared to the linked quarter was primarily due to the decrease in mortgage gain on sale income as mortgage origination slowed due to higher rates in the market.

Total Revenue⁴
Total revenue, defined as the sum of net interest income, before provision for loan losses, and non-interest income, was lower by 6.1% compared to the linked quarter and by 0.77% compared to the calendar quarter in 2025. The decrease in total revenue compared to the linked quarter was due to lower mortgage gain on sale and fee revenue stemming from a higher rate environment. The improvement in net interest income from the prior calendar quarter helped to mitigate the reduction in noninterest income as mortgage activity slowed.

Non-interest Expense
Non-interest expense in the third quarter decreased by 16.88% compared to the linked quarter and increased by 1.74% compared to the same period in 2025. The decrease in non-interest expense compared to the linked quarter primarily relates to OREO activity in the second quarter that was resolved in the third quarter.  The Bank also had reductions in compensation expense in the mortgage unit and lower professional fees due to recovery of legal fees.

The Efficiency Ratio was 79.39% for the quarter ended September 30, 2026, compared to 89.67% for the linked quarter and 77.43% for the same period in 2025.   

Asset Quality
Non-accrual loans decreased in the third quarter to 3.26% of loans held-for-investment compared to 3.32% of loans held-for-investment at the end of the linked quarter, with only a slight net increase in non-accrual loans of $252 thousand, while held-for-investment loans increase by $23 million. Total non-performing assets (defined as the sum of loans on non-accrual, loans greater than 90 days past due and accruing, and OREO assets) were 2.42% of total assets as of September 30, 2026, compared to 2.57% of total assets, at the end of the linked quarter.

The Company recognized a provision for loan losses in the third quarter of $188,011 related to five consumer solar loans charged off in the quarter. 

The Company's ratio of Allowance for Credit Losses to loans held-for-investment was 1.01% as of September 30, 2026, compared to the ratio of Allowance for Credit Losses to loans held-for-investment of 1.06% as of June 30, 2026.

Total Assets
Total assets on September 30, 2026 were $1.06 billion compared to total assets of $1.04 billion on June 30, 2026.  

Total Liabilities
Total liabilities on September 30, 2026, were $977.64 million compared to total liabilities of $953.72 million on June 30, 2026. Total deposits were $900.59 million on September 30, 2026, compared to total deposits of $874.82 million on June 30, 2026.  Non-interest-bearing demand deposits decreased by $5.587 million in the third quarter and comprised 15.15% of total deposits at the end of the third quarter.  Federal Home Loan Bank borrowings remained flat at $45 million during the quarter.

Stockholders' Equity and Capital
Stockholders' equity as of September 30, 2026, was $81.4 million compared to $85.1 million on June 30, 2026, and stockholders' equity of $84.1 million on December 31, 2025. AOCI declined by $4.6 million over the quarter as interest rates rose and the Bank's marked to market assets adjusted accordingly.  The tangible book value of the Company's common stock on September 30, 2026, was $11.80 per share compared to $12.20 on June 30, 2026, and tangible book value per share of $12.05 on December 31, 2025. Excluding AOCI losses/gains⁵, the tangible book value of the Company's common stock on September 30, 2026 was $14.58 per share compared to $14.29 on June 30, 2026, and $14.08 per share on December 31, 2025.

Stock Buyback Program   
In the first quarter of 2026, the Company purchased 43,800 shares pursuant to its previously announced share repurchase program, but made no repurchases in the second quarter.  In the third quarter, the Company repurchased 80,700 shares.  As of September 30, 2026, the Company had repurchased 124,500 of the 250,000 shares authorized for repurchase under the program.  Subsequent to quarter end, the Company utilized the remaining approved capacity and repurchased 125,500 shares.  The Company then authorized a further 150,000 share repurchase program to provide the company with ability to repurchase shares as the market price presents the opportunity and as internal capital creation creates the capacity to do so as part of a disciplined capital management strategy.

Capital Ratios
As of September 30, 2026, the Bank's capital ratios were well above regulatory minimum capital ratios for well-capitalized bank holding companies. The Bank's capital ratios as of September 30, 2026, and June 30, 2026, were as follows:

	September 30, 2026	June 30, 2026
Total Risk Based Capital Ratio	14.17 %	14.63 %
Tier 1 Risk Based Capital Ratio	13.23 %	13.66 %
Common Equity Tier 1 Capital Ratio	13.23 %	13.66 %
Tier 1 Leverage Ratio	10.81 %	11.06 %

Bylaw Amendments

The Amended Bylaws amend the Company's Bylaws dated September 20, 2021 (the "Prior Bylaws") to update advance notice provisions and the process for shareholders to request special meetings and establish exclusive forums to adjudicate certain types of disputes involving the Company.

Advance Notice Provisions

Section 2.5 of the Amended Bylaws (the "Advance Notice Provisions") amends the Prior Bylaws to describe the manner and timeframes in which a shareholder of the Company may properly nominate any person for election to the Board of Directors of the Company (the "Board") or bring business before, or at, an annual or special meeting of shareholders. The Advance Notice Provisions set forth the various eligibility requirements that must be met by (i) any shareholder who wishes to bring a nomination or propose any business before a meeting of shareholders and (ii) any nominee for election to the Board, as well as related substantive and procedural requirements that must be met with respect to any such nominations or business.

With respect to the Company's 2027 annual meeting of shareholders, the requirements set forth in the Advance Notice Provisions must be complied with not earlier than the close of business on December 31, 2026 and not later than the close of business on January 30, 2027.  The Advance Notice Provisions are consistent with provisions found in the bylaws of many other community bank holding companies. The Advance Notice Provisions update the Prior Bylaws and provide a procedure that will assist all shareholders in being informed in advance of and providing adequate notice of any and all matters submitted for vote at any meeting of shareholders.

Request for Special Meetings

Section 2.4 of the Amended Bylaws provides that special meetings of shareholders will be called if the Company receives a valid written request from one or more shareholders owning, and having owned continuously for a period of at least one year, not less than 25% of all votes entitled to be cast on any issue proposed to be considered at the special meeting (the "Requisite Percentage"). Among other requirements, the written request must set forth: (i) a description of the business proposed to be brought before the special meeting; (ii) the complete text of any proposal or business to be presented at the special meeting; (iii) the name and address of each requesting shareholder; and (iv) the class and number of shares of the Company owned beneficially by each requesting shareholder, as well as other procedural requirements.

Section 2.4 of the Amended Bylaws modernizes a similar provision provided in the Prior Bylaws and provides a structure that will ensure all shareholders and the Company are informed sufficiently in advance of any business to be considered at a special meeting of shareholders.

Exclusive Forum Provisions

Article 11 of the Amended Bylaws (the "Exclusive Forum Provision") sets the forums available for the adjudication of certain types of disputes involving the Company or related matters.

The Exclusive Forum Provision provides that, unless the Company consents in writing to the selection of an alternative forum, the United States District Court for the Eastern District of Virginia, Alexandria Division, the Circuit Court of the County of Fairfax, Virginia, or any other state court located within the Commonwealth of Virginia shall, to the fullest extent permitted by law, be the sole and exclusive forum for many categories of claims asserted against the Company by its shareholders.

The foregoing description of the Amended Bylaws does not purport to be complete and is qualified in its entirety by reference to the full text of the Amended Bylaws. 

About Freedom Financial Holdings, Inc.

Freedom Financial Holdings, Inc. is the holding company of The Freedom Bank of Virginia, a community bank with locations in Fairfax, Reston, Chantilly, Vienna, Tysons Corner, and Manassas, Virginia. For information about deposits, loans and other services, visit the website at www.freedom.bank.

Forward Looking Statements

This release contains forward-looking statements, including our expectations with respect to future events that are subject to various risks and uncertainties. Factors that could cause actual results to differ materially from management's projections, forecasts, estimates, and expectations include: fluctuation in market rates of interest and loan and deposit pricing; general economic and financial market conditions, in the United States generally and particularly in the markets in which the Company operates and in which its loans are concentrated, including the effects of declines in real estate values, increases in unemployment levels, inflation, recessions and slowdowns in economic growth, including as a result of the impact of geopolitical conflicts; the impact of any U.S. federal government shutdown; U.S. and global trade policies and changes, including the impact of the imposition of or changes in tariffs and trade barriers; adverse developments in the financial services industry; maintenance and development of well-established and valued client relationships and referral source relationships; the adequacy or inadequacy of our allowance for credit losses; acquisition or loss of key production personnel; and the potential adverse effects of unusual and infrequently occurring events, such as weather-related disasters, wars, terrorist acts or public health events, and of governmental and societal responses thereto; these potential adverse effects may include, without limitation, adverse effects on the ability of the Company's borrowers to satisfy their obligations to the Company, on the value of collateral securing loans, on the demand for the Company's loans or its other products and services, on incidents of cyberattack and fraud, on the Company's liquidity or capital positions, on risks posed by reliance on third-party service providers, on other aspects of the Company's business operations and on financial markets and economic growth. The Company cautions readers that the list of factors above is not exclusive. The forward-looking statements are made as of the date of this release, and the Company may not undertake steps to update the forward-looking statements to reflect the impact of any circumstances or events that arise after the date the forward-looking statements are made. In addition, our past results of operations are not necessarily indicative of future performance.

FREEDOM FINANCIAL HOLDINGS
CONSOLIDATED BALANCE SHEETS
	(Unaudited)		(Unaudited)		(Audited)
	September 30,		June 30,		December 31,
	2026		2026		2025
ASSETS
Cash and Due from Banks	$           4,285,224		$           5,458,898		$           4,540,452
Interest Bearing Deposits with Banks	35,791,369		26,936,559		70,078,398
Securities Available-for-Sale	152,057,055		150,739,160		158,446,651
Securities Held-to-Maturity	17,389,914		17,846,586		19,242,952
Restricted Stock Investments	5,655,600		5,655,600		5,435,300
Loans Held for Sale	2,583,740		13,812,357		4,283,305
PPP Loans Held for Investment	-		112,661		117,738
Other Loans Held for Investment	786,820,262		763,549,261		762,435,469
Allowance for Loan Losses	(7,980,823)		(8,058,550)		(13,897,689)
Net Loans	781,423,179		769,415,729		752,938,823
Bank Premises and Equipment, net	1,480,787		1,499,670		728,030
Accrued Interest Receivable	4,349,970		4,525,299		4,059,501
Deferred Tax Asset	8,879,753		7,542,341		7,428,794
Bank-Owned Life Insurance	29,178,758		28,936,144		28,469,911
Right of Use Asset, net	5,158,069		5,339,622		1,582,514
Other Assets	13,394,560		14,970,136		12,931,701
Total Assets	$    1,059,044,238		$    1,038,865,744		$    1,065,883,027
LIABILITIES AND STOCKHOLDERS' EQUITY
Deposits
Demand Deposits
Non-interest Bearing	$       136,476,808		$       142,064,271		$       149,516,366
Interest Bearing	566,933,073		540,859,808		555,799,698
Savings Deposits	3,906,036		2,151,753		1,989,696
Time Deposits	193,271,214		189,748,053		206,958,024
Total Deposits	900,587,131		874,823,885		914,263,784
Federal Home Loan Bank Advances	45,000,000		45,000,000		40,000,000
Other Borrowings	-		-		117,737
Subordinated Debt (Net of Issuance Costs)	19,987,012		19,967,531		19,928,568
Accrued Interest Payable	696,158		546,253		913,813
Lease Liability	5,595,629		5,697,751		1,666,836
Other Liabilities	5,777,255		7,682,523		4,852,310
Total Liabilities	$       977,643,185		$       953,717,943		$       981,743,048
Stockholders' Equity
Preferred stock, $0.01 par value, 5,000,000 shares authorized:
0 Shares Issued and Outstanding September 30, 2026, June 30, 2026, and December 31, 2025	-		-		-
Common Stock, $0.01 Par Value, 25,000,000 Shares authorized:
23,000,000 Shares Voting and 2,000,000 Shares Non-voting.
Voting Common Stock:
6,898,054, 6,978,754, and 6,984,013 Shares Issued and Outstanding
at September 30, 2026, June 30, 2026, and December 31, 2025 respectively	68,981		69,788		69,840
Non-Voting Common Stock:	-		-		-
0 Shares Issued and Outstanding at September 30, 2026, June 30, 2026, and December 31, 2025
respectively)
Additional Paid-in Capital	56,231,569		56,565,519		56,624,236
Accumulated Other Comprehensive Income, Net	(19,179,949)		(14,573,309)		(14,189,941)
Retained Earnings	44,280,452		43,085,803		41,635,844
Total Stockholders' Equity	$         81,401,053		$         85,147,801		$         84,139,979
Total Liabilities and Stockholders' Equity	$    1,059,044,238		$    1,038,865,744		$    1,065,883,027

 

FREEDOM FINANCIAL HOLDINGS
CONSOLIDATED STATEMENTS OF OPERATIONS
		(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)
		For the three		For the three		For the nine		For the nine
		months ended		months ended		months ended		months ended
		September 30, 2026		September 30, 2025		September 30, 2026		September 30, 2025
Interest Income
Interest and Fees on Loans		$                     11,653,085		$                     11,671,310		$                     34,580,172		$                     36,048,818
Interest on Investment Securities		1,758,978		2,307,732		5,319,325		7,371,904
Interest on Deposits with Other Banks		580,793		507,622		1,569,693		1,520,740
Total Interest Income		13,992,856		14,486,664		41,469,190		44,941,462
Interest Expense
Interest on Deposits		6,313,052		7,036,552		18,804,805		21,257,818
Interest on Borrowings		631,098		701,474		1,741,167		2,338,844
Total Interest Expense		6,944,150		7,738,026		20,545,972		23,596,662
Net Interest Income		7,048,706		6,748,638		20,923,218		21,344,800
Provision/(Recovery) for Loan Losses		188,011		496,824		786,152		1,470,372
Net Interest Income After
Provision for Loan Losses		6,860,695		6,251,814		20,137,066		19,874,428
Non-Interest Income
Mortgage Loan Gain-on-Sale and Fee Revenue		451,743		718,684		2,473,890		2,173,755
SBA Gain-on-Sale Revenue		-		-		-		-
Service Charges and Other Income		352,530		453,981		900,364		798,103
Servicing Income		13,769		19,060		47,263		66,207
Increase in Cash Surrender Value of Bank-
owned Life Insurance		242,615		231,549		708,848		675,474
Total Non-interest Income		1,060,657		1,423,274		4,130,365		3,713,539
Total Revenue		8,109,363		8,171,913		25,053,583		25,058,339
Non-Interest Expenses
Officer and Employee Compensation
and Benefits		4,051,333		4,067,037		12,828,920		11,589,333
Occupancy Expense		333,705		246,378		1,074,581		732,820
Equipment and Depreciation Expense		10,719		16,039		32,767		41,384
Insurance Expense		293,543		244,170		745,544		690,281
Professional Fees		374,782		291,975		1,160,589		1,322,188
Data and Item Processing		578,671		540,506		1,696,726		1,674,211
Advertising		77,980		112,566		269,370		347,357
Franchise Taxes and State Assessment Fees		331,618		334,422		988,034		963,080
Mortgage Fees and Settlements		89,018		106,266		316,908		280,814
Other Operating Expense		296,316		368,343		1,870,785		1,058,790
Total Non-interest Expenses		6,437,685		6,327,702		20,984,224		18,700,258
Income Before Income Taxes		1,483,667		1,347,386		3,283,207		4,887,709
Income Tax Expense/(Benefit)		289,019		224,456		638,598		945,538
Net Income		$                       1,194,648		$                       1,122,930		$                       2,644,609		$                       3,942,172
Earnings per Common Share - Basic		$                                0.17		$                                0.16		$                                0.38		$                                0.56
Earnings per Common Share - Diluted		$                                0.17		$                                0.16		$                                0.38		$                                0.56
Weighted-Average Common Shares
Outstanding - Basic		6,971,638		7,002,103		6,973,663		7,016,411
Weighted-Average Common Shares
Outstanding - Diluted		7,003,925		7,052,345		7,047,720		7,069,535

 

FREEDOM FINANCIAL HOLDINGS
CONSOLIDATED STATEMENTS OF OPERATIONS
	(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)
	For the three		For the three		For the three		For the three		For the three
	months ended		months ended		months ended		months ended		months ended
	September 30, 2026		June 30, 2026		March 31, 2026		December 31, 2025		September 30, 2025
Interest Income
Interest and Fees on Loans	$                     11,653,085		$                     11,650,836		$                     11,276,251		$                     11,337,250		$                     11,671,310
Interest on Investment Securities	1,758,978		1,787,268		1,773,078		2,224,322		2,307,732
Interest on Deposits with Other Banks	580,793		285,510		703,390		214,396		507,622
Total Interest Income	13,992,856		13,723,614		13,752,719		13,775,968		14,486,664
Interest Expense
Interest on Deposits	6,313,052		6,151,712		6,340,041		6,260,656		7,036,552
Interest on Borrowings	631,098		592,778		517,291		818,943		701,474
Total Interest Expense	6,944,150		6,744,490		6,857,332		7,079,599		7,738,026
Net Interest Income	7,048,706		6,979,124		6,895,387		6,696,369		6,748,638
Provision/(Recovery) for Loan Losses	188,011		538,805		59,336		6,941,897		496,824
Net Interest Income After
Provision for Loan Losses	6,860,695		6,440,319		6,836,051		(245,528)		6,251,814
Non-Interest Income
Mortgage Loan Gain-on-Sale and Fee Revenue	451,743		1,079,890		942,257		680,766		718,684
SBA Gain-on-Sale Revenue	-		-		-		-		-
Service Charges and Other Income	352,530		327,093		220,740		246,568		453,981
Servicing Income	13,769		16,001		17,493		18,303		19,060
Increase in Cash Surrender Value of Bank-
owned Life Insurance	242,615		235,334		230,899		233,820		231,549
Total Non-interest Income	1,060,657		1,658,318		1,411,389		1,179,457		1,423,274
Total Revenue	8,109,363		8,637,442		8,306,776		7,875,826		8,171,912
Non-Interest Expenses
Officer and Employee Compensation
and Benefits	4,051,333		4,373,967		4,403,621		3,562,780		4,067,037
Occupancy Expense	333,705		375,936		364,940		239,846		246,378
Equipment and Depreciation Expense	10,719		11,336		10,712		12,898		16,039
Insurance Expense	293,543		245,402		206,599		126,852		244,170
Professional Fees	374,782		439,501		346,305		375,040		291,975
Data and Item Processing	578,671		587,093		530,962		523,717		540,506
Advertising	77,980		109,791		81,600		63,476		112,566
Franchise Taxes and State Assessment Fees	331,618		329,846		326,569		324,569		334,422
Mortgage Fees and Settlements	89,018		153,051		74,839		70,037		106,266
Other Operating Expense	296,316		1,119,074		455,395		315,610		368,343
Total Non-interest Expenses	6,437,685		7,744,997		6,801,542		5,614,825		6,327,702
Income Before Income Taxes	1,483,667		353,640		1,445,898		(4,680,896)		1,347,386
Income Tax Expense/(Benefit)	289,019		64,019		285,560		(1,112,923)		224,456
Net Income (Loss)	$                       1,194,648		$                          289,621		$                       1,160,338		$                     (3,567,973)		$                       1,122,930
Earnings (Loss) per Common Share - Basic	$                                0.17		$                                0.04		$                                0.17		$                              (0.51)		$                                0.16
Earnings (Loss) per Common Share - Diluted	$                                0.17		$                                0.04		$                                0.16		$                              (0.51)		$                                0.16
Weighted-Average Common Shares
Outstanding - Basic	6,971,638		6,977,123		6,972,234		6,991,296		7,002,103
Weighted-Average Common Shares
Outstanding - Diluted	7,003,925		7,003,072		7,041,732		7,053,605		7,052,345

 

Average Balances, Income and Expenses, Yields and Rates
(Unaudited)
	Three Months Ended						Three Months Ended						Three Months Ended							Three Months Ended
	September 30, 2026						June 30, 2026						March 31, 2026							December 31, 2025
	Average Balance		Income/ Expense		Yield		Average Balance		Income/ Expense		Yield		Average Balance		Income/ Expense		Yield			Average Balance		Income/ Expense		Yield
Assets
Cash	$63,160,066		$580,793		3.65 %		$32,056,464		$277,476		3.47 %		$78,256,733		$703,390		3.65 %			$23,427,239		$214,395		3.63 %
Investments (Tax Exempt)	$18,767,278		$148,337		3.14 %		$19,253,217		$150,043		3.13 %		$19,983,529		$150,924		3.06 %			$20,215,951		$154,645		3.03 %
Investments (Taxable)	$156,519,115		$1,610,641		4.08 %		$160,163,550		$1,645,259		4.12 %		$161,336,487		$1,622,154		4.08 %			$188,641,324		$2,069,677		4.35 %
Total Investments	$175,286,394		$1,758,978		3.98 %		$179,416,767				4.01 %		$181,320,016		$1,773,078		3.97 %			$208,857,275		$2,224,322		4.23 %
Total Loans	$767,360,721		$11,653,085		6.02 %		$777,241,247		$11,650,836		6.01 %		$766,481,826		$11,276,251		5.97 %			$752,172,975		$11,337,250		5.98 %
Earning Assets	$1,005,807,181		$13,992,856		5.52 %		$988,714,478		$13,723,614		5.57 %		$1,026,058,575		$13,752,719		5.44 %			$984,457,489		$13,775,967		5.55 %
Assets	$1,064,155,189		$1,194,649		0.45 %		$1,047,065,095		$289,621		0.11 %		$1,075,063,057		$1,160,338		0.44 %			$1,036,072,664		($3,567,973)		-1.37 %
Liabilities
Interest Checking	$131,090,972		$900,098		2.72 %		$128,410,952		$862,935		2.70 %		$139,199,596		$872,499		2.54 %			$151,579,307		$934,090		2.44 %
Money Market	$296,982,982		$2,327,552		3.11 %		$281,596,967		$2,111,939		3.01 %		$314,492,661		$2,346,245		3.03 %			$297,707,680		$2,468,165		3.29 %
Savings	$2,516,362		$1,230		0.19 %		$2,298,115		$1,120		0.20 %		$2,092,200		$1,087		0.21 %			$1,973,024		$1,045		0.21 %
Time Deposits	$328,207,034		$3,084,172		3.73 %		$338,730,230		$3,175,717		3.76 %		$334,036,792		$3,120,209		3.79 %			$285,497,039		$2,857,356		3.97 %
Interest Bearing Deposits	$758,797,350		$6,313,052		3.30 %		$751,036,264		$6,151,711		3.29 %		$789,821,247		$6,340,041		3.26 %			$736,757,050		$6,260,656		3.37 %
Borrowings	$64,974,165		$631,098		3.85 %		$61,577,333		$592,778		3.86 %		$55,160,259		$517,291		3.80 %			$76,844,331		$818,943		4.23 %
Interest Bearing Liabilities	$823,771,515		$6,944,150		3.34 %		$812,613,597		$6,744,490		3.33 %		$844,981,507		$6,857,332		3.29 %			$813,601,381		$7,079,599		3.45 %
Non Interest Bearing Deposits	$            143,326,933						$            137,774,380						$            135,220,445							$            125,385,868
Cost of Funds	$            967,098,448		$  6,944,150		2.85 %		$            950,387,978		$  6,744,490		2.85 %		$            980,201,952		$  6,857,332		2.84 %			$            938,987,249		$  7,079,599		2.99 %
Net Interest Margin	$1,005,807,181		$7,048,706		2.78 %		$988,714,479		$6,979,124		2.83 %		$1,026,058,575		$6,895,388		2.73 %			$984,457,489		$6,696,368		2.70 %

 

Average Balances, Income and Expenses, Yields and Rates
(Unaudited)
		Three Months Ended						Three Months Ended						Nine Months Ended						Nine Months Ended
		September 30, 2026						September 30, 2025						September 30, 2026						September 30, 2025
		Average Balance		Income/ Expense		Yield		Average Balance		Income/ Expense		Yield		Average Balance		Income/ Expense		Yield		Average Balance		Income/ Expense		Yield
Assets
Cash		$63,160,066		$580,793		3.65 %		$46,853,763		$507,622		4.30 %		$57,769,122		$1,561,660		3.61 %		$47,466,359		$1,520,740		4.28 %
Investments (Tax Exempt)		$18,767,278		$148,337		3.14 %		$19,928,687		$155,780		3.10 %		$19,330,220		$449,304		3.11 %		$19,994,303		$469,423		3.14 %
Investments (Taxable)		$156,519,115		$1,610,641		4.08 %		$193,341,006		$2,151,952		4.42 %		$159,322,071		$4,878,054		4.09 %		$203,275,182		$6,902,482		4.54 %
Total Investments		$175,286,394		$1,758,978		3.98 %		$213,269,693		$2,307,732		4.29 %		$178,652,291		$5,327,358		3.99 %		$223,269,485		$7,371,904		4.41 %
Total Loans		$767,360,721		$11,653,085		6.02 %		$744,905,635		$11,671,310		6.22 %		$770,364,484		$34,580,172		6.00 %		$754,691,193		$36,048,818		6.39 %
Earning Assets		$1,005,807,181		$13,992,856		5.52 %		$1,005,029,091		$14,486,664		5.72 %		$1,006,785,897		$41,469,189		5.51 %		$1,025,427,037		$44,941,463		5.86 %
Assets		$1,064,155,189		1,194,649		0.45 %		1,058,353,304		1,122,930		0.42 %		$1,062,054,492		2,644,608		0.33 %		$1,080,678,240		3,942,171		0.49 %
Liabilities
Interest Checking		$131,090,972		$900,098		2.72 %		$127,149,614		$998,124		3.11 %		$132,870,805		$2,635,533		2.65 %		$125,048,338		$2,907,310		3.11 %
Money Market		$296,982,982		$2,327,552		3.11 %		$320,887,145		$2,722,629		3.37 %		$297,626,732		$6,785,736		3.05 %		$281,254,921		$7,037,405		3.35 %
Savings		$2,516,362		$1,230		0.19 %		$2,415,353		$1,051		0.17 %		$2,303,779		$3,437		0.20 %		$4,506,656		$3,756		0.11 %
Time Deposits		$328,207,034		$3,084,172		3.73 %		$317,448,404		$3,314,747		4.14 %		$333,636,664		$9,380,098		3.76 %		$368,739,671		$11,309,346		4.10 %
Interest Bearing Deposits		$758,797,350		$6,313,052		3.30 %		$767,900,516		$7,036,551		3.64 %		$766,437,980		$18,804,804		3.28 %		$779,549,586		$21,257,817		3.65 %
Borrowings		$64,974,165		$631,098		3.85 %		$61,329,539		$701,474		4.54 %		$60,606,534		$1,741,167		3.84 %		$67,579,944		$2,338,844		4.63 %
Interest Bearing Liabilities		$823,771,515		$6,944,150		3.34 %		$829,230,055		$7,738,025		3.70 %		$827,044,514		$20,545,971		3.32 %		$847,129,530		$23,596,661		3.71 %
Non Interest Bearing Deposits		$            143,326,933						$            133,933,651						$           138,803,615						$           138,197,133
Cost of Funds		$            967,098,448		$         6,944,150		2.85 %		$            963,163,705		$         7,738,025		3.19 %		$           965,848,129		$      20,545,971		2.84 %		$           985,326,663		$      23,596,662		3.20 %
Net Interest Margin		$1,005,807,181		$7,048,706		2.78 %		$1,005,029,092		$6,748,638		2.66 %		$1,006,785,897		$20,923,218		2.78 %		$1,025,427,037		$21,344,802		2.78 %

 

Selected Financial Data by Quarter Ended:
(Unaudited)
Balance Sheet Ratios	September 30, 2026	June 30, 2026	March 31, 2026	December 31, 2025	September 30, 2025
Loans held-for-investment to Deposits	87.37 %	87.29 %	84.04 %	83.41 %	86.72 %
Income Statement Ratios (Quarterly)
Return on Average Assets (ROAA)	0.45 %	0.11 %	0.44 %	-1.37 %	0.41 %
Return on Average Equity (ROAE)	5.59 %	1.38 %	5.57 %	-15.96 %	5.57 %
Efficiency Ratio	79.39 %	89.67 %	81.88 %	71.29 %	77.43 %
Net Interest Margin	2.78 %	2.83 %	2.73 %	2.70 %	2.66 %
Yield on Average Earning Assets	5.52 %	5.57 %	5.44 %	5.55 %	5.72 %
Yield on Securities	3.98 %	4.01 %	3.97 %	4.23 %	4.29 %
Yield on Loans	6.02 %	6.01 %	5.97 %	5.98 %	6.22 %
Cost of Funds	2.85 %	2.85 %	2.84 %	2.99 %	3.19 %
Noninterest income to Total Revenue	13.08 %	19.20 %	16.99 %	14.98 %	17.42 %
Liquidity Ratios
Uninsured Deposits to Total Deposits	27.85 %	24.90 %	27.11 %	29.43 %	24.51 %
Total Liquidity to Uninsured Deposits	105.76 %	118.71 %	117.18 %	130.31 %	136.91 %
Total Liquidity to Unfunded Commitments, CDs and Borrowings maturing in next 30 days	140.58 %	166.82 %	206.16 %	251.78 %	209.14 %
Tangible Common Equity Ratio	7.69 %	8.20 %	8.00 %	7.91 %	8.45 %
Tangible Common Equity Ratio (adjusted for unrealized losses on HTM securities)	7.50 %	8.01 %	7.82 %	7.76 %	8.27 %
Available-for-Sale securities (as % of total securities)	89.74 %	89.41 %	89.58 %	89.17 %	90.64 %
Per Share Data
Tangible Book Value	$11.80	$12.20	$12.08	$12.05	$12.45
Tangible Book Value (ex AOCI)	$14.58	$14.29	$14.18	$14.08	$14.58
Share Price Data
Closing Price	$12.00	$12.15	$11.90	$11.83	$11.52
Book Value Multiple	102 %	100 %	99 %	98 %	93 %
Common Stock Data
Outstanding Shares at End of Period	6,898,054	6,978,754	6,973,747	6,984,013	7,002,103
Weighted Average shares outstanding, basic	6,971,638	6,977,123	6,972,234	6,991,296	7,002,103
Weighted Average shares outstanding, diluted	7,003,925	7,003,072	7,041,732	7,053,605	7,052,345
Capital Ratios (Bank Only)
Tier 1 Leverage ratio	10.81 %	11.06 %	10.70 %	11.05 %	11.23 %
Common Equity Tier 1 ratio	13.23 %	13.66 %	13.50 %	13.82 %	14.64 %
Tier 1 Risk Based Capital ratio	13.23 %	13.66 %	13.50 %	13.82 %	14.64 %
Total Risk Based Capital ratio	14.17 %	14.63 %	14.42 %	15.08 %	15.53 %
Credit Quality
Net Charge-offs to Average Loans	0.03 %	0.02 %	0.81 %	0.03 %	0.13 %
Total Non-performing Loans to loans held-for-investment	3.26 %	3.32 %	2.46 %	3.51 %	2.30 %
Total Non-performing Assets to Total Assets	2.42 %	2.57 %	1.95 %	2.51 %	1.65 %
Nonaccrual Loans to loans held-for-investment	3.26 %	3.32 %	2.50 %	3.51 %	2.30 %
Provision for Loan Losses	$188,011	$538,805	$59,336	$6,941,897	$496,824
Allowance for Loan Losses to net loans held-for-investment	1.01 %	1.06 %	1.00 %	1.82 %	0.96 %
Allowance for Loan Losses to net loans held-for-investment (ex PPP loans)	1.01 %	1.06 %	1.00 %	1.82 %	0.96 %

 

FREEDOM FINANCIAL HOLDINGS, INC.
CONSOLIDATED SELECTED FINANCIAL DATA
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
					Quarter Ending
1Net Interest Margin	September 30, 2026		June 30, 2026		March 31, 2026		December 31, 2025		September 30, 2025
Average Earning Assets	$        1,005,807,181		$          988,714,478		$        1,026,058,575		$          984,457,489		$        1,005,029,091
Yield on Interest Earning Assets (GAAP)	5.52 %		5.57 %		5.44 %		5.55 %		5.72 %
Net Interest Margin (NIM) (GAAP)	2.78 %		2.83 %		2.73 %		2.70 %		2.66 %
2Efficiency Ratio (Non-GAAP)					Quarter Ending
	September 30, 2026		June 30, 2026		March 31, 2026		December 31, 2025		September 30, 2025
Net Interest Income	$               7,048,706		$              6,979,124		$               6,895,387		$              6,696,369		$               6,748,638
Non-Interest Income	1,060,657		1,658,318		1,411,389		1,179,457		1,423,274
Total Revenue	$               8,109,363		$              8,637,442		$               8,306,776		$              7,875,826		$               8,171,912
Non-Interest Expense	6,437,685		7,744,997		6,801,542		5,614,825		6,327,702
Efficiency Ratio (Non-GAAP)	79.39 %		89.67 %		81.88 %		71.29 %		77.43 %
3Liquidity Ratios (Non-GAAP)					Quarter Ending
	September 30, 2026		June 30, 2026		March 31, 2026		December 31, 2025		September 30, 2025
Available-for-Sale Securities (as % of total securities)	89.74 %		89.41 %		89.58 %		89.17 %		90.64 %
Uninsured Deposits to Total Deposits	27.85 %		24.90 %		27.11 %		29.43 %		24.51 %
Total Liquidity to Uninsured Deposits	105.76 %		118.71 %		117.18 %		130.31 %		136.91 %
Total Liquidity to Unfunded Commitments, CDs and Borrowings maturing in next 30 days	140.58 %		166.82 %		206.16 %		251.78 %		209.14 %
Tangible Common Equity Ratio	7.69 %		8.20 %		8.00 %		7.91 %		8.45 %
Tangible Common Equity Ratio(adjusted for unrealized losses	7.50 %		8.01 %		7.82 %		7.76 %		8.27 %
on HTM Securities)
Total Liquidity is the sum of cash, cash balances at banks, unencumbered available-for-sale securities and secured borrowing availability at the Federal Reserve
and the Federal Reserve Bank
4Total Revenue (Non-GAAP)					Quarter Ending
	September 30, 2026		June 30, 2026		March 31, 2026		December 31, 2025		September 30, 2025
Net Interest Income	$               7,048,706		$              6,979,124		$               6,895,387		$              6,696,369		$               6,748,638
Non-Interest Income	1,060,657		1,658,318		1,411,389		1,179,457		1,423,274
Total Revenue (non-GAAP)	$               8,109,363		$              8,637,442		$               8,306,776		$              7,875,826		$               8,171,912
5Tangible Book Value (ex-AOCI) (non-GAAP)					Quarter Ending
	September 30, 2026		June 30, 2026		March 31, 2026		December 31, 2025		September 30, 2025
Shareholder's Equity	$             81,401,053		$            85,147,801		$             84,250,053		$            84,139,979		$             87,193,193
Outstanding Shares at End of Period	6,898,054		6,978,754		6,973,747		6,984,013		7,002,103
Tangible Book Value (GAAP)	$                      11.80		$                     12.20		$                      12.08		$                     12.05		$                      12.45
Accumulated Other Comprehensive Income (Net) (AOCI)	$            (19,179,949)		$           (14,573,309)		$            (14,645,539)		$           (14,189,941)		$            (14,881,004)
AOCI per share equivalent	(2.78)		(2.09)		(2.10)		(2.03)		(2.13)
Tangible Book Value (ex-AOCI) (non-GAAP)	$                      14.58		$                     14.29		$                      14.18		$                     14.08		$                      14.58

 

Contact:
Scott Clark
Senior Executive Vice President & Chief Financial Officer
Phone: 703-667-4119
Email: sclark@freedom.bank 

View original content to download multimedia:https://www.prnewswire.com/news-releases/freedom-financial-holdings-announces-earnings-for-third-quarter-of-2026-and-amendments-to-bylaws-302924752.html

SOURCE Freedom Financial Holdings

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Freedom Financial Holdings' third-quarter 2026 earnings?

Freedom earned $1,194,648, or $0.17 per diluted share, in the third quarter of 2026. This compares with $289,621, or $0.04 per diluted share, in the preceding quarter and $1,122,930, or $0.16 per diluted share, a year earlier.

How many additional shares can Freedom Financial Holdings repurchase?

The board authorized repurchases of up to 150,000 additional shares after the previous 250,000-share program was completed. Repurchases under the new authorization depend on market-price opportunities and capacity created by internally generated capital.

When must shareholders submit nominations or proposals for Freedom Financial Holdings' 2027 annual meeting?

Shareholders must comply with the amended advance-notice requirements no earlier than the close of business on December 31, 2026, and no later than the close of business on January 30, 2027. The requirements cover shareholder eligibility, director nominees and the procedures for bringing nominations or business before the meeting.

How can Freedom Financial Holdings shareholders request a special meeting under the amended bylaws?

A valid written request requires shareholders holding at least 25% of votes entitled to be cast on the proposed issue, with continuous ownership for at least one year. The request must include the proposed business and its complete text, requesting shareholders' names and addresses, and their beneficially owned share classes and counts, alongside other procedural requirements.