Freedom Financial Holdings Inc · OTC:FDVA
Freedom Financial — Q4 2025 Earnings Presentation
39 slides from Freedom Financial's earnings presentation, Jan 30, 2026
Slide 1: Presentation to Investors: 2025 Fourth Quarter and Full Year Update
Presentation to Investors 2025 Fourth Quarter and Full Year Update January 30, 2026 Joseph J. Thomas President & CEO Scott B. Clark EVP & CFO 1
Slide 2: Disclosure
Disclosure This presentation 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 expect
Slide 3: Company Overview, Business Model, Results, Investment Summary
Company Overview Business Model Results for Q4 and FY 2025 Investment Summary 3 3
Slide 4: Company Overview
EMPOWERING DREAMS FRTEDOM pas INNOVATING BANKING freedom.bank
Slide 5: Our Company
Our Company Franchise Footprint Company Highlights (4thOverview Qtr & Full Year) $1.07B $763M Corporate Information Total Assets Total Loans Bank Established: 7/23/2001 Headquarters: Fairfax, VA Maryland Employees: 97 $914M 13.82% DC Total Deposits CET1 Ratio 0.03% 0.44% Virginia FY ROAA FY ROAE 14.
Slide 6: Company History
Company History Tysons, VA Freedom Bank Six founding board Patriot Financial Freedom Financial Freedom Bank’s Branch is Foundation focused members of James Partners leads a capital Holdings, Inc., Chantilly Branch and Scott added and on economic Freedom Bank Monroe lead a $9.9 raise of $16 million a
Slide 7: Executive Management
Executive Management Joseph J. Thomas – President and CEO - Mr. Thomas was appointed in August 2018. He was previously President and CEO of Bay Bancorp (NASDAQ: BYBK), a community bank with $700 million in total assets based in Columbia, Maryland, before its successful sale to Old Line Bancshares. H
Slide 8: Board of Directors
Board of Directors H. Jason Gold - Chairman - Mr. Gold has served as a director of the Bank since May 2003. Mr. Gold has served as a bankruptcy trustee for more than 25 years and has more than 30 years experience in complex restructuring and insolvency matters in various industries. He also serves a
Slide 9: Putting IDEAS to Work
Putting IDEAS to Work PURPOSE Freedom Bank empowers our clients to achieve their dreams by providing innovative business, personal, and mortgage banking solutions. MISSION We are dedicated to helping our individual and business clients achieve their financial goals through our experienced bankers, q
Slide 10: Profitability
Profitability Return on Average Assets (%) Return on Average Tangible Common Equity (%) 1.27% 1.16% 13.6% 13.5% 1.12% 10.8% 0.81%* 0.63%* 0.55% 5.9% 0.43% 5.5% 10.1% 4.4% 0.22% 3.0% 0.04% 0.4% 2019Y 2020Y 2021Y 2022Y 2023Y 2024Y 2025Y 2019Y 2020Y 2021Y 2022Y 2023Y 2024Y 2025Y Net Interest Margin (%)
Slide 11: Organic Growth
Organic Growth Total Assets ($M) Gross Loans ($M) $1,085 $1,090 $1,066 $991 $776 $774 $776 $877 $705 $767 $595 $616 $500 $405 2019Y 2020Y 2021Y 2022Y 2023Y 2024Y 2025Y 2019Y 2020Y 2021Y 2022Y 2023Y 2024Y 2025Y Total Deposits ($M) Tangible Book Value Per Share $921 $910 $914 $849 $702 $13.08(1) $13.9
Slide 12: Washington D.C. MSA Highlights
Washington D.C. MSA Highlights Highlights & Developments D.C. MSA(1) Market Share (Banks <$5Bn) 2025 • 6.4 million residents with > 1 million households earnings more than 2025 Number of Total Deposits In Total Market Rank Institution (ST) Branches Market ($000) Share (%) $100 thousand annually 1 Ca
Slide 13: Business Model
EMPOWERING DREAMS FRTEDOM pas INNOVATING BANKING & Business Model freedom.bank
Slide 14: Department Leadership
Department Leadership Jamie Adkins Joe Daniel Tung Dao Tony Denk Doris Hambright Senior Mortgage Director of Sales & Chief Credit Officer Director of Mortgage HR Director Operations Officer Marketing Production & Sales Mark Ingram Nohman Ishaq Kathleen Johnson Sopa Keo Erin Moore Small Business Dire
Slide 15: Advisory Board
Advisory Board Jeffery Payne Joe Meyer Chief Executive Officer Executive Director & CEO, Coveros, Inc. Shelter House Nag Nelluri Scott Cosby Damon Smith Chief Executive Officer, President, Chief Executive Officer, DATAMAXIS Agiliko BigEye Direct, Inc. Charlie Einsmann Mark Ingrao Principal, Presiden
Slide 16: Diverse Business Lines
Diverse Business Lines Commercial Banking • Seasoned team of 9 Commercial Bankers and Portfolio Managers • Broad focus across the C&I, Industry Verticals, SBA Lending and Commercial Real Estate markets • Strong business banking franchise with C&I loans representing 23% of total loans as of December
Slide 17: Technology Enabled Businesses
Technology Enabled Businesses Business Banking Commercial Banking Personal Banking Mortgage Banking • Monday.com - Customer • BizEquity – Business • Apiture – Online • Encompass – Digital Relationship Management Valuation Banking Platform • Elan – Corporate Credit • Weiland Account Analysis – • Zell
Slide 18: Industry Vertical Strategies
Industry Vertical Strategies Our clients tell us they value our entrepreneurial approach to solving problems, excellent service from dedicated relationship managers and easy-to-use technology to manage banking capabilities. • General Industries - Our experienced Relationship Managers are trusted adv
Slide 19: Client Successes
Client Successes Government Contracting Innovation Industries Small Business Commercial Real Estate 19 19
Slide 20: Community Development
Community Development Freedom Bank Invests in Areas Valued by Clients and Colleagues Helping Underrepresented Protecting the Assisting Veterans Serving the Homeless Environment Entrepreneurs Through the Freedom For each veteran mortgage Freedom Bank and its Freedom provides Bank Foundation and the c
Slide 21: Serving Our Communities
Serving Our Communities The Freedom Bank Foundation has engaged with Latino Economic Development Center (LEDC) to administer the NOVA Freedom Fund, which provides financing and technical assistance to underserved entrepreneurs and families. The Fund has already made a meaningful difference for local
Slide 22: Results for Q4 and FY 2025
Results for Q4 and FY 2025 22 22
Slide 23: Income Statement
Income Statement Income Statement History - GAAP – As Reported ($ in thousands, except per share data) Twelve Twelve Quarter Quarter Quarter Months Ended Months Ended Ended Ended Ended Dec 31, 2024 Dec 31, 2025 Jun 30, 2025 Sep 30, 2025 Dec 31, 2025 Net Interest Income (before provision) $25,258 $28
Slide 24: Balance Sheet
Balance Sheet Balance Sheet History ($ in thousands, except per share data) As of As of As of As of 31-Mar-25 30-Jun-25 30-Sep-25 31-Dec-25 Assets Cash and Fed Balances $45,472 $59,660 $23,316 $74,488 Investments $229,438 $218,281 $212,998 $183,125 Total Loans $752,664 $747,087 $748,644 $766,837 All
Slide 25: Selected Balance Sheet Ratios
Selected Balance Sheet Ratios Selected Financial Data by Quarter Ended (Unaudited) 31-Dec-24 31-Mar-25 30-Jun-25 30-Sep-25 31-Dec-25 Liquidity Loans held-for-investment to Deposits 84.43% 82.65% 80.83% 86.72% 83.40% Uninsured Deposits to Total Deposits 21.55% 22.50% 22.51% 24.51% 29.43% Total Liquid
Slide 26: Margins
Margins Total Loan Yield Cost of Funds 6.80% 6.74% 4.00% 3.76% 3.50% 3.60% 3.61% 3.46% 3.36% 3.50% 3.23% 3.19% 3.19% 6.60% 2.99% 3.00% 6.39% 6.40% 6.29% 6.30% 2.50% 6.20% 6.22% 6.20% 6.22% 6.20% 6.15% 2.00% 5.98% 1.50% 6.00% 1.00% 5.80% 0.50% 5.60% 0.00% Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar
Slide 27: Efficiency
Efficiency NII to Total Revenue Efficiency Ratio 20.00% 100.00% 18.00% 90.00% 16.00% 80.00% 14.00% 70.00% 12.00% 60.00% 10.00% 50.00% 8.00% 40.00% 6.00% 30.00% 4.00% 20.00% 2.00% 10.00% 0.00% 0.00% Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Sep-23 Dec-23 Mar-24 Jun-24 Sep-
Slide 28: Returns
Returns Return on Average Assets Return on Average Equity 1.00% 15.00% 0.75% 0.76% 10.71% 9.95% 0.49% 0.43% 10.00% 0.50% 0.41% 0.41% 6.75% 0.29% 6.05% 5.58% 5.57% 0.12% 3.97% 5.00% 1.70% 0.00% Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 0.00% Sep-23 Dec-23 Mar-24 Jun-24 Sep
Slide 29: Organic Loan Mix
Organic Loan Mix Q4-24 Q3-25 Q4-25 3% 3% 3% 25% 26% 26% 27% 29% 28% 24% 21% 21% 21% 23% 20% Loan Mix ($ in thousands) Loan Mix ($ in thousands) Loan Mix ($ in thousands) Non-Owner Occupied CRE $195,548 Non-Owner Occupied CRE $195,074 Non-Owner Occupied CRE $198,954 Owner Occupied CRE $183,249 Owner
Slide 30: 2025 Changes in Loan Balances
2025 Changes in Loan Balances Loan Type (excludes Consumer Solar New Notes Booked in Net and purchased GGLs) 2025 Loans Paid off in 2025 Advances/Paydowns/Chargeoff YoY Change C&I $44,293 $(43,590) $(7,501) $(6,798) Consumer $2,149 $(2,390) $(166) $(407) CRE $45,060 $(56,316) $(7,344) $(18,600) Res.
Slide 31: Credit Quality Indicators
Credit Quality Indicators Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Criticized Loans $55,488,494 $20,135,125 $27,398,245 $49,160,223 $32,387,232 % Loans 7.10% 2.60% 3.67% 6.57% 4.22% % Capital 44.65% 16.27% 21.67% 38.44% 25.57% Classified Loans $15,221,503 $17,094,059 $27,249,678 $32,564,753 $35,226,453 %
Slide 32: Non-Accrual Loan Detail
Non-Accrual Loan Detail 12/31/2024 12/31/2025 Nonaccrual Loans Balance Guaranteed AMT Net Exposure Balance Guaranteed AMT Net Exposure Conventional Nonaccrual $8,584 $8,584 $15,293 $0 $15,293 Loans SBA Guaranteed $5,102 $4,008 $1,094 $11,475 $9,129 $2,346 Nonaccrual Loans Total Non-Accrual $13,686 $
Slide 33: Core Deposit Mix
Core Deposit Mix Q4-24 Q3-25 Q4-25 15% 15% 16% 26% 28% 38% 14% 15% 17% 7% 7% 7% 26% 38% 32% Deposit Mix ($ in thousands) Deposit Mix ($ in thousands) Deposit Mix ($ in thousands) Non Interest Bearing Deposits $133,665 Non Interest Bearing Deposits $126,712 Non Interest Bearing Deposits $149,516 Inte
Slide 34: Deposit Composition Trends
Deposit Composition Trends Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Total Deposits $921,057 $894,109 $879,380 $887,791 $910,870 $918,245 $855,021 $914,264 Core Deposit Balances $593,259 $573,659 $581,018 $564,715 $584,304 $633,486 $633,207 $662,303 Core Deposit Percentage 64.41% 64.15
Slide 35: Investment Summary
FREEDOM fR38%! nx EMPOWERING DREAMS @ INNOVATING BANKING L) Investment Summary freedom.bank
Slide 36: 2026 Strategic Initiatives
2026 Strategic Initiatives Simplify our System Define target commercial and consumer clients by industry vertical and consumer persona, with volume goals Redefine credit underwiring and portfolio monitoring to gain operating leverage and improve surveillance Use AI and data visualization tools acros
Slide 37: Investment Highlights
Investment Highlights ▪ Leading tech-enabled digital platform and streamlined branch structure to position the franchise for growth and profitability ▪ Highly experienced leadership with Joe Thomas as President & CEO since 2018 who is aligned with shareholders given his 6.7% ownership of the company
Slide 38: Stock Price Performance
Stock Price Performance Performance of FDVA vs. Selected Indices Since January 1, 2020 80.0% 59% 60.0% 40.0% 19% 20.0% 19% 0.0% -20.0% -40.0% -60.0% Jan-20 Jul-20 Jan-21 Jul-21 Jan-22 Jul-22 Jan-23 Jul-23 Jan-24 Jul-24 Jan-25 Jul-25 Jan-26 Note: Market data as of January 29, 2026 Russell 2000 KRE FD
Slide 39: Contact Information
Contact Information Scott B. Clark EVP & Chief Financial Officer sclark@freedom.bank 703-667-4119 10555 Main Street, Suite 600 Fairfax, VA 22030 39 39
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